Amazon to settle EU antitrust cases over rival data

BRUSSELS — Amazon has offered a settlement against EU charges that the online giant undermined rivals by misusing the sensitive information of independent sellers to benefit its own retail business, the EU said on Thursday.

The offer by Amazon is a ‘huge’ step by the US-based company that has denied for years accusations by rivals and regulators that it unfairly uses the troves of data parked on its platform to benefit its…