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India seeks threefold increase in coal stocks to prevent summer power shortages
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Indian companies report mixed second-quarter results on November 4
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Indus Towers expands solar-powered network to 50,000 telecom sites
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KKR secures Indian regulator approval for Gentari Renewables investment
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Equitas Small Finance Bank rebounds after naming interim chief executive
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Bharti Airtel revenue expected to grow at double-digit pace in second quarter
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Indian crude-sensitive shares gain after 13% oil-price decline
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Kuwait finance minister holds economic cooperation talks at COMCEC
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Stocks and dollar fall as Democratic election gains reshape markets
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Kuwait marks key events and anniversaries from national history
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Qatar Tourism joins Pacific Asia Travel Association at London travel market
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Qatar media bodies discuss support for humanitarian initiatives
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Pitches and Keynote Speakers Are Confirmed for Blue Magic Netherlands on November 17
Italy fines Amazon over 'recurring' purchase option
Italy's competition authority said Wednesday it had fined two Amazon companies 10 million euros ($10.6 million) for unfair commercial practices, for pushing customers into agreeing to "recurring" rather than "one-time" purchases online.
In a statement, the AGCM said the option to set up regular purchases was "pre-selected by default" on a wide selection of products listed on Amazon's Italian website.
"The graphic layout of the pre-selected recurring purchase option may lead consumers to buy products periodically -- even when there is no actual need --thereby limiting their ability to choose freely," the AGCM said in a statement.
"Moreover, the conduct implemented by the company was deemed contrary to the standards of professional diligence.
"As a major operator, Amazon is expected to design its online interfaces, particularly those related to purchasing processes, in a manner that allows consumers to make free and informed commercial decisions."
As a result, the competition authority said it has fined two Amazon group companies, the Luxembourg-based Amazon Services Europe and Amazon EU.
The watchdog said it had also raised concerns about the pre-selection of the "paid fast delivery" option.
But it said it proposed no further action after Amazon agreed to pre-select only the free delivery option in future, and also to compensate consumers who complained last year about this conduct.
P.Gonzales--CPN