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Amazon cops major penalty by Italian regulators

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Major online retailer, Amazon has been fined $1.2 billion by regulators in Italy

Regulators in Italy say that Amazon has abused its market dominance by the way it promotes its own distribution service, Fulfilment by Amazon.

It’s the second time that regulators have taken on Amazon in a month – and they say that companies using Amazon as a selling platform are forced to use the FBA service in order to access key benefits such as selling products with prime delivery where no extra costs would be passed on to customers.

A visa credit card is held in front of an Amazon logo in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration

Amazon says that it “strongly disagreed” with the decision, and would appeal

Italian regulators ruled that Amazon put third-party sellers at a disadvantage by requiring use of its own service to access key benefits and events.

“Amazon has thus prevented third-party sellers from associating the Prime label with offers not managed with FBA,”

it said.

The regulator insisted that access to such functions is “crucial” for sellers to achieve success on the Amazon Marketplace.

Regulators also said it would impose corrective steps which will be subject to review by a monitoring trustee.

Amazon said in a statement that the fine was “unjustified and disproportionate”.

“We strongly disagree with the decision of the Italian Competition Authority and we will appeal,” said the company.

“Small and medium-sized businesses have multiple channels to sell their products both online and offline: Amazon is just one of those options.

The regulatory action is the second fine against the eCommerce giant in a matter of weeks after both the platform and tech giant Apple were fined $228 million for restricting Beats headphone sales, by limiting them to select retailers.

Amazon and Apple have confirmed that they plan to appeal against the fines.

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How Iran conflict is driving oil prices and global market volatility

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Energy prices soar amid Iran conflict, with investors reassessing risks and market dynamics.


The ongoing conflict in Iran has sent energy prices soaring and markets reeling. Investors are reassessing inflation expectations, central bank rate paths, and global growth prospects as risk aversion rises.

David Scutt from Stonex gives his insights on how surging oil prices and rising energy risk premia are influencing investor sentiment and market dynamics.

Markets may need weeks to fully digest the economic impact of the conflict, with volatility likely to persist as investors weigh geopolitical and financial risks.

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Middle East crisis: Global markets, tech, and supply chains under pressure

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Navigating global uncertainty as the Middle East crisis reshapes markets, technology, and supply chains

 

The ongoing Middle East crisis is sending shockwaves through global markets, driving energy prices higher and intensifying volatility. Investors are facing growing uncertainty as inflationary pressures mount and risk sentiment shifts. Supply chains are under stress, with key trade routes disrupted, forcing businesses worldwide to rethink logistics, procurement, and operational strategies.

The technology sector is feeling the ripple effects as semiconductors, critical components, and AI infrastructure come under pressure. Volatility in tech stocks is rising, while defence and cybersecurity firms are navigating both new risks and opportunities. At the same time, investment in renewable energy and energy tech could accelerate as companies adapt to energy price surges and seek more resilient solutions.

Brad Gastwirth from Circular Technologies joins us to break down what these developments mean for global markets and long-term strategic planning.

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#MiddleEastCrisis #GlobalMarkets #TechIndustry #EnergyPrices #SupplyChain #InvestorAlert #AI #Innovation
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Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

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Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.


Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights


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