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Amazon’s cloud computing business continues to rake in substantial amounts of cash.

Amazon’s rising shipping costs and related initiatives to manage delivery logistics also demonstrate the larger shift toward online shopping. For the first time this year,?shoppers surveyed by Deloitte?say they are planning to spend a majority of their holiday budgets online — 51 percent — compared with 42 percent in store, and 7 percent through catalogs and direct mail. Adobe reported?that a record .59 billion was spent online in the U.S. on Cyber Monday, an increase of 16.8 percent year-over-year — the largest online shopping day in history.

Amending its earlier notification issued on June 30, 2017, the Central Board of Indirect Taxes and Customs (CBIC) under the Finance Ministry's Department of Revenue said last night that the fresh Notification will implement the imposition of retaliatory duties on 28 specified goods, originating in or exported from the United States, and preserve the existing MFN (most favored nation) rate for all these goods for all countries other than the United States.

Amid efforts to nurture fertile ground for foreign businesses to thrive, China has this year implemented the Foreign Investment Law, trimmed the negative list for foreign investment, and eased foreign access to the financial market.

Amazon’s influence is sometimes compared to that of a nation because of the company’s growing public policy team, lobbying budget, and foray into government tech. But Carney dismissed that characterization during the fireside chat.