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☆ Spain's watchdog clears Amazon, Booking.com, Tripadvisor over fake reviews
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

The logo of Amazon is seen at the company logistics centre in Boves, France, October 6, 2021 REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsNov 22 (Reuters) - Spain's anti-trust watchdog on Wednesday cleared Amazon (AMZN.O), Booking Holdings (BKNG.O) and Tripadvisor (TRIP.O) of participating in or facilitating fake reviews on their websites. CNMC, as the watchdog is known had been looking into a complaint lodged by a local association defending consumers. "CNMC found no indication that the platforms have participated in or facilitated the publication of these false opinions," it said in a statement, adding that the companies invested in detecting fake reviews and collaborated with ongoing investigations. The watchdog has, however, detected possible signs of a violation of consumer protection regulations, and therefore sent the complaint to the consumer rights authority. An Amazon spokesperson said his company is acting against fake reviews on its websites.

Persons: Pascal, CNMC, Tripadvisor, Maria Luiza Amaral, Inti Landauro, Elaine Hardcastle Organizations: Booking Holdings, Amazon, Thomson Locations: Boves, France

☆ Spain antitrust watchdog fines Amazon and Apple $218 million
▼ + stars: | 2023-07-18 | by ( ) edition.cnn.com time to read: +2 min

Spain’s antitrust regulator has imposed fines worth a total of €194.1 million ($218 million) on Amazon and Apple for colluding to restrict competition on the Amazon website in Spain. Apple was fined €143.6 million ($161.4 million) and Amazon €50.5 million ($56.7 million). “The two companies restricted without justification the number of sellers of Apple products on the Amazon website in Spain,” CNMC said. More than 90% of the retailers that were using Amazon’s marketplace to sell Apple devices were blocked as a result, it added. That action initially saw them facing €200 million ($224.8 million) in fines before it was eventually dropped.

Persons: Apple, ” CNMC, iPhones Organizations: Apple, Amazon, Reuters Locations: Spain, Italy

☆ Spain antitrust watchdog fines Amazon, Apple $218 million
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: 1 min

[1/2] The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo/File PhotoMADRID, July 18 (Reuters) - Spain's antitrust watchdog CNMC on Tuesday said it had imposed fines worth 194 million euros ($218.2 million) in total on Amazon (AMZN.O) and Apple (AAPL.O) for colluding to limit the free sale of devices from Apple and competitors on Amazon's Spanish websites. ($1 = 0.8891 euros)Reporting by Inti Landauro; Editing by David LatonaOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Jasso, Inti Landauro, David Latona Organizations: Apple, Thomson Locations: MADRID

☆ Spain's watchdog lacks tools to prove collusion on deposits for savers, chair says
▼ + stars: | 2023-06-23 | by ( Jesús Aguado | ) www.reuters.com time to read: +2 min

MADRID, June 23 (Reuters) - Spain's competition watchdog urged political parties to give this institution better tools to look into potential anticompetitive practices between banks when setting deposit rates for savers, its chair Cani Fernandez said on Friday. Spanish banks offer the lowest household deposit rates among the euro zone's large economies, igniting demands from the government, supervisors and clients to pass on higher interest rates for savers. "A tacit collusion is a hole in our system of tools to tackle (this issue) in markets with little competition," Fernandez said. She added that other European countries, such as Germany and the UK, had better tools to look into these commercial practices. On Friday, the Bank of Spain Governor Pablo Hernandez de Cos said it was up to the CNMC to look into that matter.

Persons: Cani Fernandez, Fernandez, smartly, Pablo Hernandez de Cos, Jesús Aguado, Emma Pinedo, Kirsten Donovan, Louise Heavens Organizations: Bank of Spain, Thomson Locations: MADRID, Spanish, Santander, Germany

☆ Spanish competition watchdog opens disciplinary case against Google
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] A man walks past a logo of Alphabet Inc's Google in front of an office building in Zurich, Switzerland July 1, 2020. REUTERS/Arnd Wiegmann/File Photo/File Photo/File PhotoMarch 28 (Reuters) - Spain's competition watchdog CNMC has opened a disciplinary case against Google for alleged anti-competitive practices affecting publishers and Spanish news agencies, the regulator said on Tuesday. CNMC said it was investigating whether Google had abused its dominant position in the Spanish market. The proceedings involve Google LLC, Google Ireland Ltd, Google Spain, S.L. The alleged practices also include distorting free competition and imposing unfair conditions on press publishers and Spanish news agencies, CNMC said.

MADRID/PARIS/STOCKHOLM, March 2 (Reuters) - France and Spain are poised to announce a breakthrough this week in a long-running impasse over hefty costs of what would be their first undersea electricity link, a minister and sources in both countries told Reuters. That was due to unforeseen seabed instability on the French side that required costly re-routing, and rising costs of raw materials. Spain is a growing producer of renewable energy that it exports to France and it wants its neighbour to pay most of the extra costs. That had led to disagreement amid wider tensions between them about pipeline connections and protectionism. Spanish sources said the go-ahead would likely mean that France, whose nuclear power industry has been beset by problems, finally agreed to pay more.

LONDON, Jan 20 (Reuters) - Spain's markets and competition regulator is reviewing whether gas distributor Madrilena Red de Gas (MRG) has complied with legislation designed to protect the financial strength of energy distributors, according to two sources familiar with the situation. The amendment grew out of worries about the excessive indebtedness of the gas transportation and distribution networks. The CNMC has not to date published a notice of regulatory action concerning MRG. The filings also show that MRG's ultimate parent Elisandra Spain IV - Elisandra Spain V's sole owner - paid dividends totalling more than 104 million euros to its shareholders. At the end of 2021, MRG carried 925.5 million euros of net adjusted financial debt on its balance sheet, 6.55 times its earnings before interest, taxes, depreciation and amortisation (EBITDA), per its latest annual accounts.

☆ Spanish competition watchdog launches probe into Booking.com
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: 1 min

MADRID, Oct 17 (Reuters) - Spain's competition watchdog said on Monday it was initiating disciplinary proceedings against Booking.com (BKNG.O) for possible anti-competiton practices affecting hotels and online travel agencies. The proceedings stem from two complaints filed by the Spanish Association of Hotel Managers and the Mardid Hotel Business Association, the watchdog known as CNMC said. The complaints argued the booking website had imposed unfair conditions on hotels located in Spain and implemented policies that could lead to exclusionary effects on other online travel agencies and online sales channels. Register now for FREE unlimited access to Reuters.com RegisterReporting by Joao Manuel Mauricio in Gdansk, editing by David LatonaOur Standards: The Thomson Reuters Trust Principles.

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