An Italian newspaper reported at the weekend that national carrier Alitalia is in merger talks with Air France-KLM.

"/> An Italian newspaper reported at the weekend that national carrier Alitalia is in merger talks with Air France-KLM.

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Alitalia hopes to merge with Air France: report

An Italian newspaper reported at the weekend that national carrier Alitalia is in merger talks with Air France-KLM.

Alitalia hopes to merge with Air France: report
Leandro Ciuffo

“Alitalia’s mission to Paris for a marriage with Air France,” said the headline of Il Messaggero on Saturday.

The report said senior managers had met Air France chief executive Jean-Cyril Spinetta in Paris on Friday. 

The delegation reportedly included Gaetano Micciche, head of corporate and investment banking at Intesa Sanpaolo, who led the deal that saved Alitalia from bankruptcy in 2008.

The airline has been struggling during the economic downturn and, according to Il Messaggero, will report losses of €60-70 million in 2011 ($78-91 million).

A meeting of the Alitalia board is scheduled for Tuesday. Air France-KLM already owns 25 percent of Alitalia shares.

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BUSINESS

French court hands Amazon €90,000-per-day fine over contracts

French authorities on Wednesday slapped a €90,000-per-day fine on e-commerce giant Amazon until it removes abusive clauses in its contracts with businesses using its platform to sell their goods.

French court hands Amazon €90,000-per-day fine over contracts

The anti-fraud Direction générale de la concurrence, de la consommation et de la répression des fraudes (DGCCRF) service said the online sales giant’s contracts with third-party sellers who use its Amazon.fr website contain “unbalanced” clauses.

“The company Amazon Services Europe did not comply completely with an injunction it was served and it is now subject to a fine of €90,000 per day of delay” in applying the changes, the DGCCRF said in a statement.

It also urged the platform to conform with European rules on equity and transparency for firms using online platforms.

Amazon said the order would harm consumers.

“The changes imposed by the DGCCRF will stop us from effectively protecting consumers and permit bad actors to set excessive prices or spam our clients with commercial offers,” the e-commerce giant said in a statement.

“We will comply with the DGCCRF’s decision but we absolutely do not understand it and we are challenging it in court,” responded the e-commerce giant in a statement.

Amazon said the clauses that the DGCCRF has ordered removed had, for example “prevented the appearance of exorbitant prices for mask and hydroalcoholic gel during the pandemic”.

In 2019, Amazon was fined €4 million for “manifestly unbalanced” contract clauses with third-party sellers on its site in a case brought by the DGCCRF.

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