The European Union has started taking a close look at the business practices of American retail giant Amazon, the bloc's competition commissioner, Margrethe Vestager, told a news conference in Luxembourg on Wednesday.
The founders of online retailer, Kogan.com, have "reluctantly" unloaded $42 million worth of the company's shares just a week after they tried to sell an even bigger tranche, an event that led to the share price falling.
The competition watchdog, the ACCC, has warned that overseas based online retailer Digital Sourcing ApS (Digital Sourcing) is suspected of breaching Australian Consumer Law by misleading consumers and asserting a right to payment for unsolicited goods.
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