financetom
Business
financetom
/
Business
/
Italian court cuts 1.1-billion-euro antitrust fine on Amazon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Italian court cuts 1.1-billion-euro antitrust fine on Amazon
Sep 2, 2025 3:37 AM

ROME (Reuters) -An Italian administrative court has reduced a 1.13-billion-euro ($1.32 billion) fine imposed on Amazon in 2021 by Italy's competition authority for alleged abuse of a dominant position, a ruling showed on Tuesday.

The Lazio administrative court upheld the main findings by the regulator, but said the amount of the fine had to be recalculated, arguing that the watchdog had not adequately explained the reasons for including a discretionary 50% increase.

The ruling did not specify the revised figure.

Deducting the 50% surcharge from the original 1.13 billion euros would result in a final fine of around 750 million euros, according to Reuters calculations.

Amazon had no immediate comment on the ruling.

The company was originally fined for restricting competition in e-commerce logistics services in Italy. At the time, it was one of the biggest penalties imposed on a U.S. tech giant in Europe.

($1 = 0.8542 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Nuburu To Acquire Orbit
BRIEF-Nuburu To Acquire Orbit
Oct 7, 2025
Oct 7 (Reuters) - NUBURU Inc ( BURU ): * NUBURU TO ACQUIRE ORBIT, EXPANDING DEFENSE & SECURITY HUB WITH CUTTING-EDGE OPERATIONAL RESILIENCE SOLUTIONS Source text: Further company coverage: ...
Nuburu Expands Into Defense Software With Orbit Deal
Nuburu Expands Into Defense Software With Orbit Deal
Oct 7, 2025
NUBURU Inc. ( BURU ) shares surged on Tuesday after the company announced that its defense subsidiary will acquire Orbit S.r.l., an Italian software firm specializing in operational resilience and crisis management for mission-critical organizations. The deal marks a strategic shift for NUBURU ( BURU ) as it extends beyond laser and vehicle systems into software-driven defense readiness and infrastructure...
NEO Battery Materials Appoints Linda Miller as Senior Scientific Advisor
NEO Battery Materials Appoints Linda Miller as Senior Scientific Advisor
Oct 7, 2025
11:33 AM EDT, 10/07/2025 (MT Newswires) -- NEO Battery Materials ( NBMFF ) said Tuesday it has appointed Linda Miller as senior scientific advisor to the company. As senior scientific advisor, Miller will help guide commercialization into specialty electronics markets. She will support operations at new battery components manufacturing facility. She has more than two decades of experience in scaling...
Ondas Closes $425 Million Offering
Ondas Closes $425 Million Offering
Oct 7, 2025
11:30 AM EDT, 10/07/2025 (MT Newswires) -- Ondas Holdings ( ONDS ) said Tuesday that it has closed its $425 million public offering of 19.56 million shares and pre-funded warrants to buy up to 17.40 million shares. If the stock warrants are fully exercised on a cash basis, Ondas ( ONDS ) said it has the potential to raise about...
Copyright 2023-2026 - www.financetom.com All Rights Reserved