Japan anti-trust regulator accepts Amazon Japan improvement plan
Japan's anti-trust regulator has given its go-ahead to Amazon Japan's improvement plan.
Japan's Fair Trade Commission (JFTC) said on Thursday it has accepted Amazon Japan's plan to improve business practices suspected of violating anti-trust rules.
The unit of Amazon.com Inc was raided by the JFTC in 2018 on suspicion the company demanded that suppliers should shoulder part of the cost incurred from selling their products at a discount on the e-commerce company's website.
Amazon Japan's plan includes the return of 2 billion yen ($18.85 million) to about 1,400 vendors, the regulator said.
Ex-NSA chief Keith Alexander joins Amazon board
Amazon Inc said on Wednesday former National Security Agency chief Keith Alexander has joined the e-commerce giant's board.
Alexander, who is the co-chief executive officer of IronNet Cybersecurity Inc, will serve on Amazon's audit committee, it said in a regulatory filing.
The four-member audit committee, headed by ex-Reader's Digest chief Thomas Ryder, includes former PepsiCo CEO Indra Nooyi.
Alexander has served as the commander of the U.S. Cyber Command in addition to heading the Central Security Service.