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5/18, 12:02 PM (Source: TeleTrader)
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German antitrust office launches new probe into Amazon

Germany's competition regulator, Federal Cartel Office, unveiled on Tuesday that it has launched an investigation into the retail company Amazon.com Inc.'s "potential anti-competitive practices."

The office explained that it will have a wider set of means available to investigate the retail giant's dealings thanks to the new law, adopted in the country in January 2021.

"In a first step, we are looking at whether Amazon is of outstanding, cross-market importance for competition," Federal Cartel Office Director Andreas Mundt stated, adding that the new law allows the office to "take early action against and prohibit possible anti-competitive practices by Amazon."

Breaking the News / BU