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Italian regulator fines Amazon $1.28 billion for abusing its market dominance
Italy's antitrust authority has fined Amazon €1.13 billion for "abuse of dominant position," the second such penalty it has imposed over the last month.
Apple may get the Italian boot, has 30 days to push a 2-year warranty for locals
Italian regulator AGCM is clearly on a short fuse with Apple. After issuing a €900,000 fine ($1.1 million) to Apple for not properly offering the free 2-year warranty required by national law, the agency is now warning the iPhone maker that it could face a temporary exile -- and we don't mean to Elba. On top of an additional €300,000 ($377,490) potential fine, Apple now faces as much as a 30-day shutdown of all its Italian business for allegedly doing too little to tell customers they don't always need AppleCare for extended coverage. Having lost its appeal on the original fine, Apple's main buffer is a 30-day window to address the complaints before the hammer drops. We have yet to see if Apple will tweak its policies in time, but it's hard to believe the American firm will risk even the momentary closure of an important European wing.
