US News Ministry of Justice wants to force Amazon and Co. to be more transparent
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Jeff Bezos is best known for being the founder and head of the e-commerce giant Amazon. But it was a rocky road to his status as a successful and multi-billion dollar entrepreneur. An overview of the stations in his life and the success of Amazon. © Provided by Finanz.net Thomas Lohnes / Getty Images • Jeff Bezos worked as a teenager at McDonald's • Amazon founder completed a degree in physics • Richest person in the world played on Star Trek First stations in life Jeff Bezos was born on 12.
Why do certain products appear higher up in the search than others? In the future, marketplaces like Amazon should answer this question more transparently.
The Federal Ministry of Justice wants to force companies like Amazon and Ebay to "essential information obligations" on their online marketplaces. This emerges from the draft bill for a law in which the future contractual regulations will be laid down. The law implements an EU directive in Germany. The draft was released on Tuesday.
The marketplaces should therefore be obliged to "disclose the essential criteria of the ranking of search results and their weighting". Politicians are reacting to the trend that portals such as Amazon and Ebay are also huge product search engines and that many users cannot immediately see why certain products are at the top of the list of results.
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Deficiencies, inefficiencies, obstacles - the findings of the EU financial supervisory authority ESMA on the role of German supervisors in the Wirecard scandal reads unflattering. © Peter Kneffel / dpa The meanwhile insolvent former Dax group Wirecard had admitted air bookings of 1.9 billion euros in June and subsequently filed for bankruptcy. The opposition speaks of a "slap in the face" for the financial supervision Bafin and the Federal Ministry of Finance.
customers should be better protected
Amazon and Co. should in future also have to inform customers whether their potential contractual partners are entrepreneurs or consumers. Among other things, this plays a role in the warranty.
According to the draft, buyers of admission tickets who do not purchase the tickets from the organizer themselves, but from resellers via ticket exchanges, are also better protected. In future, the provider is to provide information about the original price of the admission ticket set by the organizer. The draft law also requires more transparency in the use of algorithms when calculating prices. The draft law provides for a duty to inform if a price has been personalized on the basis of an automated decision.
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The NGO Amazon Watch reported that American financial groups have in total invested more than 18 billion dollars (15.2 billion euros) during of the last three years in mining, energy or agribusiness companies involved in "a series of abuses" of the Amazon rainforest.
At the same time, in a second law, the Ministry of Justice wants to extend traditional consumer rights when buying items such as washing machines or smartphones to digital content and services. "When consumers buy software or apps, it is unacceptable if they cannot use them for a longer period of time," said Federal Justice Minister Christine Lambrecht (SPD). The draft now obliges the sellers to provide free of charge function-maintaining updates and security updates.No period specified for the update obligation.
However, the draft law did not specify exactly how long this update obligation should apply. In the case of sales contracts, it should apply “for a period that the consumer can reasonably expect”.
The warranty rights should also be available to consumers for free services in which personal data is made available instead of paying a price (“payment with data”). This also applies to the use of social networks.
The two ministerial drafts were published on the website of the Federal Ministry of Justice so that the “interested parties” in the legislative process have the opportunity to comment on them. dpa
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© MAXIM GUCHEK / BELTA Belarusian President Alexander Lukashenko speaks during the visit to the Astraviets plant on November 7. The Lithuanian Foreign Ministry seeks to alert on what it describes as “recurring incidents” at the Astraviets nuclear power plant, the first to be put into service in Belarus. The day after the inauguration of Belarus’s first nuclear power plant in Astraviets by Alexander Lukashenko on November 7 the production of electricity had to be stopped.