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Among other setbacks, "countries face a drop in tax revenue, linked to the pandemic, as a result of the contraction in economic activity and lower prices for commodities," the report added.

Amazon’s decision to branch out into physical retail raised some eyebrows when rumors about the Seattle store first emerged. This was, after all, the company that caused many traditional retailers (booksellers in particular) to go belly up. But the company’s bullish attitude toward the physical bookstores suggests that the experiment was a success, in Amazon’s eyes. In addition to helping sell books, the stores also serve as showrooms for Fire devices — allowing Amazon to compete with Apple and Microsoft on the same playing field.

Amazon’s?negotiating tactics are in the spotlight because of a separate dispute with book publishing giant Hachette, in which Amazon has similarly removed the ability to pre-order books from Hachette authors. The company this weekend defended its position in that negotiation, as authors took out a full-page ad in the New York Times challenging the company’s tactics.

Among the factors driving up the costs, fuel costs will account for 25 percent of the aviation industry's operating costs, according to IATA.

American food products manufacturer Mars has formed partnerships with Chinese e-commerce companies such as JD.com, and plans to bring its products to world markets through this cross-border platform, according to the company's vice-president Matthias Berninger.