Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Apple, Amazon fined $218 million in Spain for restricting competition

IANS
Updated: July 19th, 2023, 11:46 IST
in Business, Sci-Tech
0
Apple amazon Spain

Pic- IANS

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

London: Amazon and Apple have been fined a total of $218 million in Spain for allegedly restricting competition around the reselling and marketing of Apple products on the e-commerce giant’s e-commerce marketplace in the country.

Spain’s antitrust authority named CNMC fined Apple $161 million and Amazon around $57 million.

Also Read

Indian stock market

Indian indices continue winning streak for fourth straight trading session

3 hours ago
India’s fighter jet engine project with France

India, France set to co-develop advanced jet engine for AMCA

8 hours ago

The country’s competition watchdog found that both the companies “unreasonably restricted the number of resellers of Apple products on the Amazon website in Spain”.

The tech giants also “limited the advertising spaces where competing Apple products can be advertised on the Amazon website in Spain”.

“Finally, they limited the possibility of Amazon directing marketing campaigns to customers of Apple products on its website in Spain to offer them competing products from other brands,” the authority said in a statement.

Now, both Apple and Amazon have agreed to include a series of clauses in the contracts that regulate the conditions of Amazon as an Apple distributor that affected the sale of Apple products and other brands on the Amazon website in Spain.

According to the watchdog, more than 90 per cent of the resellers who had been using the Amazon website in Spain for the retail sale of Apple products were excluded from the main online market in the country.

“Sales of Apple products through the Amazon website in Spain by sellers based in other EU countries were reduced, thus limiting trade between member states and there was an increase in the relative prices paid by consumers for the purchase of Apple products in said online market in Spain,” the antitrust authority noted.

IANS

Tags: AmazonAppleCompetitionfineSpain
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019

Archives

Editorial

Reviving 9/11 Spirit

Donald Trump
September 10, 2025

The memories of the deadly al-Qaeda strikes on 9/11 on iconic US building complexes are still alive even after several...

Read moreDetails

Evolving Nepal

Nepal
September 9, 2025

Violence erupted in Kathmandu 8 September as thousands of young Nepalese took to the streets and clashed with security forces,...

Read moreDetails

Leadership Crisis

Shigeru Ishiba
September 8, 2025

Japan’s Prime Minister Shigeru Ishiba on 7 September announced his resignation, a move that could usher in a period of...

Read moreDetails

Pied-Piper Politics

Aakar Patel
September 7, 2025

As someone who prefers India as a pluralist and secular society, I have my problems with this government as many...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST