Saudi Arabia has denied that its crown prince was responsible for hacking Amazon boss Jeff Bezos' phone.

Jeff Bezos hack: Saudi Arabia calls claim ‘absurd’

<p>Saudi Arabia on Wednesday dismissed the reports claiming it hacked Amazon chief and owner of Washington Post, <a href="https://www.wionews.com/world/mohammed-bin-salman-caught-spying-jeff-bezos-accused-saudi-prince-of-hacking-his-phone-275857">Jeff Bezos' phone</a>.</p>

<p>Terming the reports "absurd", the embassy of Saudi Arabia in the United States said, "We call for an <a href="https://www.wionews.com/india-news/investigator-says-amazon-chiefs-phone-hacked-by-saudis-206873">investigation on these claims </a>so that we can have all the facts out"</p>

<p>&nbsp;"Recent media reports that suggest the Kingdom is behind the hacking of Mr Jeff Bezos' phone are absurd. We call for an investigation on these claims so that we can have all the facts out," the embassy posted on Twitter.</p>

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<p dir="ltr" lang="en">Recent media reports that suggest the Kingdom is behind a hacking of Mr. Jeff Bezos' phone are absurd. We call for an investigation on these claims so that we can have all the facts out.</p>
— Saudi Embassy (@SaudiEmbassyUSA) <a href="https://twitter.com/SaudiEmbassyUSA/status/1219792870389035008?ref_src=twsrc%5Etfw">January 22, 2020</a></blockquote>
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<p>Two United Nations' officials are going to issue a public statement about a report in which they concluded that Bezos' phone was hacked with a video which was sent from a Whatsapp account belonging to Saudi Crown Prince Mohammed bin Salman.</p>

<p><strong><a href="https://www.wionews.com/india-news/amazon-ceo-jeff-bezos-takes-a-dig-at-mark-zuckerberg-calls-making-of-facebook-childs-play-274396">Also read:&nbsp;Amazon CEO Jeff Bezos takes a dig at Mark Zuckerberg, calls making of Facebook child's play</a></strong><br />
&nbsp;<br />
As per experts consulted by the UN agreed that while the case was not airtight, the evidence is strong enough to warrant a fuller investigation into the matter.</p>

<p><a href="https://www.wionews.com/photos/shah-rukh-khan-a-r-rahman-and-other-b-town-stars-attend-jeff-bezos-welcome-party-in-mumbai-274817"><strong>In pics: Shah Rukh Khan, A R Rahman and other B-town stars attend Jeff Bezos welcome party in Mumbai</strong></a></p>

<p>The report is set to worsen already relations between the world's richest man and the kingdom which had soured following the murder of Saudi journalist Jamal Khashoggi in 2018, who was also a columnist for the Washington Post.</p>

<p>The UN statement will come from Agnes Callamard, special rapporteur for extra-judicial killings, and David Kaye, special rapporteur for free expression.</p>

<p>They are building toward a fuller report they expect to give to the UN in June, the person said and will be releasing a statement on today.<br />
&nbsp;</p>


Saudi Arabia on Wednesday dismissed the reports claiming it hacked Amazon chief and owner of Washington Post, Jeff Bezos' phone. Terming the reports "absurd", the embassy of Saudi Arabia in the United States said, "We call for an investigation on these claims so that we can have all the facts out" "Recent media reports that suggest the Kingdom is behind the hacking of Mr Jeff Bezos' phone are absurd.

Saudi Arabia on Wednesday dismissed the reports claiming it hacked Amazon chief and owner of Washington Post, Jeff Bezos' phone. Terming the reports "absurd", the embassy of Saudi Arabia in the United States said, "We call for an investigation on these claims so that we can have all the facts out" "Recent media reports that suggest the Kingdom is behind the hacking of Mr Jeff Bezos' phone are absurd. We call for an investigation on these claims so that we can have all the facts out," the embassy posted on Twitter. Recent media reports that suggest the Kingdom is behind a hacking of Mr. Jeff Bezos' phone are absurd. We call for an investigation on these claims so that we can have all the facts out. — Saudi Embassy (@SaudiEmbassyUSA) January 22, 2020 × Two United Nations' officials are going to issue a public statement about a report in which they concluded that Bezos' phone was hacked with a video which was sent from a Whatsapp account belonging to Saudi Crown Prince Mohammed bin Salman. Also read: Amazon CEO Jeff Bezos takes a dig at Mark Zuckerberg, calls making of Facebook child's play As per experts consulted by the UN agreed that while the case was not airtight, the evidence is strong enough to warrant a fuller investigation into the matter. In pics: Shah Rukh Khan, A R Rahman and other B-town stars attend Jeff Bezos welcome party in Mumbai The report is set to worsen already relations between the world's richest man and the kingdom which had soured following the murder of Saudi journalist Jamal Khashoggi in 2018, who was also a columnist for the Washington Post. The UN statement will come from Agnes Callamard, special rapporteur for extra-judicial killings, and David Kaye, special rapporteur for free expression. They are building toward a fuller report they expect to give to the UN in June, the person said and will be releasing a statement on today.

Bezos allegation on hacking phone 'absurd': Saudi Arabia

At a time when Amazon's global CEO Jeff Bezos is on a visit to India, Union Commerce Minister Piyush Goyal said on Thursday that Amazon is not favouring India by investing a billion dollars.

Commerce Minister Goyal slams Amazon says, "Amazon not doing any favor to India"

Why was Amazon CEO Jeff Bezos snubbed by the Indian Government during his recent visit? The company is leading the e-commerce market in India, but it may face challenging times ahead. WION's Palki Sharma tells you why.

Gravitas: Why the Indian government snubbed Amazon

The World is One News, WION examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world.

WION Speed News: Watch top national and international news of the morning - January 17, 2020

<p>Union Commerce Minister Piyush Goyal on Friday made a U-turn on the <a href="https://www.wionews.com/business-economy/amazons-1-billion-investment-in-india-no-big-favour-piyush-goyal-274739">remark that he made on Amazon&nbsp;investment</a> in India yesterday.&nbsp;</p>

<p>Goyal said his statement was misconstrued and added that although the government welcomes all investments but it should adhere to rules and regulations and should not create unfair competition for small traders.&nbsp;</p>

<p>"We welcome all types of investments. But if the foundation of any investment violates law then there will be a legal process. Some people think I said something negative against Amazon. If you look at the context of my statement, I said investment should come within the law and regulations. This process is followed across the world," the minister said.&nbsp;</p>

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<p>"There are some laws regarding eCommerce in India. We welcome investments that come under those laws. But this investment should not create unfair competition to small traders and retail businessmen in India," he said.</p>

<p>On Thursday, Goyal had said that Jeff Bezos-led Amazon has not done India any favour by investing a billion dollars.&nbsp;</p>

<p>"They (Amazon) may have put in a billion dollars but if they make a loss of a billion dollars every year, then jolly well will have to finance that billion dollars. So, it is not as if they are doing a favour to India when they invest a billion dollars," Goyal had said on Thursday.&nbsp;</p>

<p>Bezos on Wednesday announced plans to invest one billion dollars (about Rs 7,092 crore) in India and enabling 10 billion dollars in cumulative exports in the next five years by digitally enabling micro, small, and medium enterprises (MSMEs) and traders.</p>

<p><em>(With inputs from ANI)&nbsp;</em></p>

<p><br />
&nbsp;</p>


Union Commerce Minister Piyush Goyal on Friday made a U-turn on the remark that he made on Amazon investment in India yesterday. Goyal said his statement was misconstrued and added that although the government welcomes all investments but it should adhere to rules and regulations and should not create unfair competition for small traders.

Union Commerce Minister Piyush Goyal on Friday made a U-turn on the remark that he made on Amazon investment in India yesterday. Goyal said his statement was misconstrued and added that although the government welcomes all investments but it should adhere to rules and regulations and should not create unfair competition for small traders. "We welcome all types of investments. But if the foundation of any investment violates law then there will be a legal process. Some people think I said something negative against Amazon. If you look at the context of my statement, I said investment should come within the law and regulations. This process is followed across the world," the minister said. × "There are some laws regarding eCommerce in India. We welcome investments that come under those laws. But this investment should not create unfair competition to small traders and retail businessmen in India," he said. On Thursday, Goyal had said that Jeff Bezos-led Amazon has not done India any favour by investing a billion dollars. "They (Amazon) may have put in a billion dollars but if they make a loss of a billion dollars every year, then jolly well will have to finance that billion dollars. So, it is not as if they are doing a favour to India when they invest a billion dollars," Goyal had said on Thursday. Bezos on Wednesday announced plans to invest one billion dollars (about Rs 7,092 crore) in India and enabling 10 billion dollars in cumulative exports in the next five years by digitally enabling micro, small, and medium enterprises (MSMEs) and traders. (With inputs from ANI)

My statement was misconstrued, government welcomes all investments: Piyush Goyal on Amazon remark 

Shah Rukh Khan, A R Rahman and other B-town stars attend Jeff Bezos welcome party in Mumbai

Amazon CEO Jeff Bezos is on a three-day visit to India. Bezos has pledged to invest $ 1 billion in small and medium enterprises (SMEs) in India. Meanwhile, traders across the country are up in arms against Amazon.

'Jeff Bezos Go Back!': Indian traders call Amazon an 'Economic Terrorist'

Amazon CEO Jeff Bezos' India visit is not going to script. The company is being investigated, a cabinet minister even snubbed the world's richest man. Meanwhile, traders across the country are up in arms against Amazon. Here's why.

Gravitas: Indian traders call Amazon 'An Economic Terrorist'

<p>Amazon hasn't done India any big favours by investing $1 billion in the country, its trade minister said on Thursday, laying bare the tensions with the US&nbsp;online retail giant during a visit by its CEO Jeff Bezos.</p>

<p>Amazon and Walmart's Flipkart are facing mounting criticism from India's brick-and-mortar retailers, which accuse the US&nbsp;giants of violating Indian law by racking up billions of dollars of losses to fund deep discounts and discriminating against small sellers. The companies deny the allegations.</p>

<p>"They may have put in a billion dollars but then if they make a loss of a billion dollars every year then they jolly well have to finance that billion dollars," Indian trade minister Piyush Goyal told a security conference in New Delhi.</p>

<p><strong>Also read:&nbsp;<a href="https://www.wionews.com/world/amazon-ceo-af-gets-trolled-online-as-he-visits-gandhi-memorial-274635">Amazon CEO Jeff Bezos gets trolled online as he visits Gandhi memorial at Rajpath</a></strong></p>

<p>"So it's not as if they are doing a great favour to India when they invest a billion dollars."</p>

<p>Bezos, who is currently in India, said on Wednesday Amazon would invest $1 billion to bring small businesses online in the country, seen as part of the company's efforts to dispel criticism.</p>

<p>Ahead of Bezos'&nbsp;visit, the Competition Commission of India launched a probe into Amazon and Flipkart to look at allegations of deep discounts and whether the companies discriminate against small sellers.</p>

<p>Goyal said the allegations were "an area of concern for every Indian".</p>


Amazon hasn't done India any big favours by investing $1 billion in the country, its trade minister said on Thursday, laying bare the tensions with the US online retail giant during a visit by its CEO Jeff Bezos.

Amazon hasn't done India any big favours by investing $1 billion in the country, its trade minister said on Thursday, laying bare the tensions with the US online retail giant during a visit by its CEO Jeff Bezos. Amazon and Walmart's Flipkart are facing mounting criticism from India's brick-and-mortar retailers, which accuse the US giants of violating Indian law by racking up billions of dollars of losses to fund deep discounts and discriminating against small sellers. The companies deny the allegations. "They may have put in a billion dollars but then if they make a loss of a billion dollars every year then they jolly well have to finance that billion dollars," Indian trade minister Piyush Goyal told a security conference in New Delhi. Also read: Amazon CEO Jeff Bezos gets trolled online as he visits Gandhi memorial at Rajpath "So it's not as if they are doing a great favour to India when they invest a billion dollars." Bezos, who is currently in India, said on Wednesday Amazon would invest $1 billion to bring small businesses online in the country, seen as part of the company's efforts to dispel criticism. Ahead of Bezos' visit, the Competition Commission of India launched a probe into Amazon and Flipkart to look at allegations of deep discounts and whether the companies discriminate against small sellers. Goyal said the allegations were "an area of concern for every Indian".

Amazon's $1 billion investment in India no big favour: Piyush Goyal

<p>On a three day visit to India, Amazon.com founder Jeff Bezos will meet top Bollywood stars on Thursday evening.&nbsp;<br />
<br />
While Amazon has been very hush-hush about the details of the event, news reports suggest that Shah Rukh Khan will share the stage with Bezos at the event as they chat up about several topics. AR Rahman is likely to perform at the event.&nbsp;<br />
<br />
Bezos will be part of Prime Video event which is owned by Amazon. The OTT platform has been instrumental in launching digital career's of several popular Bollywood stars including Manoj Bajpayee, R Madhavan and Abhishek Bachchan. It has also signed Akshay Kumar for his first digital show. <a href="https://www.wionews.com/india-news/amazon-ceo-jeff-bezos-takes-a-dig-at-mark-zuckerberg-calls-making-of-facebook-childs-play-274396">Amazon CEO Jeff Bezos takes a dig at Mark Zuckerberg, calls making of Facebook child's play</a><br />
<br />
Earlier on Thursday, celebrity photographer Viral Bhayani shared a video of Priyanka Chopra arriving in Mumbai. It's being speculated that Priyanka too will be part of the event. The actress has recently signed an Amazon special series with Russo Brothers which co-stars Richard Madden.&nbsp;</p>

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<p style=" margin:8px 0 0 0; padding:0 4px;"><a href="https://www.instagram.com/p/B7X_R0QHwR5/?utm_source=ig_embed&amp;utm_campaign=loading" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_blank">#priyankachopra arrived back in the city and she arrives from the regular gate and not the VIP gate. #nickjonas will be performing at the Grammys. Will she be metting #jeffbezos who is in the city and met the Ambanis today #viralbhayani @viralbhayani</a></p>

<p style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;">A post shared by <a href="https://www.instagram.com/viralbhayani/?utm_source=ig_embed&amp;utm_campaign=loading" style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px;" target="_blank"> Viral Bhayani</a> (@viralbhayani) on <time datetime="2020-01-16T09:07:31+00:00" style=" font-family:Arial,sans-serif; font-size:14px; line-height:17px;">Jan 16, 2020 at 1:07am PST</time></p>
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<p>During his short visit, Bezos has met &nbsp;PM Narendra Modi, had a meeting with leading industrialists and even paid a visit to <a href="https://www.wionews.com/india-news/jeff-bezos-india-visit-amazon-ceo-pays-tribute-to-mahatma-gandhi-to-address-smbhav-274326">Mahatma Gandhi's memorial</a> in New Delhi.</p>


On a three day visit to India, Amazon.com founder Jeff Bezos will meet top Bollywood stars on Thursday evening. While Amazon has been very hush-hush about the details of the event, news reports suggest that Shah Rukh Khan will share the stage with Bezos at the event as they chat up about several topics.

On a three day visit to India, Amazon.com founder Jeff Bezos will meet top Bollywood stars on Thursday evening. While Amazon has been very hush-hush about the details of the event, news reports suggest that Shah Rukh Khan will share the stage with Bezos at the event as they chat up about several topics. AR Rahman is likely to perform at the event. Bezos will be part of Prime Video event which is owned by Amazon. The OTT platform has been instrumental in launching digital career's of several popular Bollywood stars including Manoj Bajpayee, R Madhavan and Abhishek Bachchan. It has also signed Akshay Kumar for his first digital show. Amazon CEO Jeff Bezos takes a dig at Mark Zuckerberg, calls making of Facebook child's play Earlier on Thursday, celebrity photographer Viral Bhayani shared a video of Priyanka Chopra arriving in Mumbai. It's being speculated that Priyanka too will be part of the event. The actress has recently signed an Amazon special series with Russo Brothers which co-stars Richard Madden. View this post on Instagram #priyankachopra arrived back in the city and she arrives from the regular gate and not the VIP gate. #nickjonas will be performing at the Grammys. Will she be metting #jeffbezos who is in the city and met the Ambanis today #viralbhayani @viralbhayani A post shared by Viral Bhayani (@viralbhayani) on Jan 16, 2020 at 1:07am PST × During his short visit, Bezos has met PM Narendra Modi, had a meeting with leading industrialists and even paid a visit to Mahatma Gandhi's memorial in New Delhi.

Jeff Bezos to meet Bollywood stars in Mumbai; AR Rahman likely to perform at the event

<p>Amazon CEO Jeff Bezos who is in India for an annual Amazon event yesterday visited the Mahatma Gandhi memorial in New Delhi.&nbsp;</p>

<p>One of the first thing he did was visiting the Gandhi memorial at Rajghat. He was seen placing flowers at the memorial and paying respect. Bezos posted a video where he can be seen in a white kurta and an orange half-jacket, carrying a colourful wreath of flowers on the lawns of the memorial at Raj Ghat.</p>

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<p dir="ltr" lang="en">Just landed in India and spent a beautiful afternoon paying my respects to someone who truly changed the world. “Live as if you were to die tomorrow. Learn as if you were to live forever." - Mahatma Gandhi. <a href="https://t.co/xDXAT9cBgf">pic.twitter.com/xDXAT9cBgf</a></p>
— Jeff Bezos (@JeffBezos) <a href="https://twitter.com/JeffBezos/status/1217100229993881600?ref_src=twsrc%5Etfw">January 14, 2020</a></blockquote>
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<p><a href="https://www.wionews.com/india-news/amazon-ceo-jeff-bezos-takes-a-dig-at-mark-zuckerberg-calls-making-of-facebook-childs-play-274396">Also read:&nbsp;Amazon CEO Jeff Bezos takes a dig at Mark Zuckerberg, calls making of Facebook child's play</a></p>

<p><br />
Amazon's Jeff Bezos, richest man in the world, has been under fire for work policies termed as “brutal”. It was in the context that many have responded to the video posted by him on social media paying respect of Gandhi.&nbsp;<br />
&nbsp;</p>

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<p dir="ltr" lang="en">Hey <a href="https://twitter.com/JeffBezos?ref_src=twsrc%5Etfw">@JeffBezos</a>, you &amp; other corporate leaders should be boycotting the Modi regime. Did you know that:<br />
<br />
Kashmir has been without internet since Aug 5, 2019;<br />
<br />
Millions could be rendered stateless in Assam;<br />
<br />
A new citizenship bill discriminates against Muslims?<br />
<br />
Speak out please. <a href="https://t.co/iwOrLbUz6x">https://t.co/iwOrLbUz6x</a></p>
— Arjun Sethi (@arjunsethi81) <a href="https://twitter.com/arjunsethi81/status/1217119755959783426?ref_src=twsrc%5Etfw">January 14, 2020</a></blockquote>
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<p dir="ltr" lang="en">I think Ghandi would have a few words to say to the richest man on the planet. And his cheapskate way of handling charity and the way Amazon treats its employees as human filth <a href="https://twitter.com/hashtag/JeffBezos?src=hash&amp;ref_src=twsrc%5Etfw">#JeffBezos</a></p>
— buy nothing day (@HansWor94958595) <a href="https://twitter.com/HansWor94958595/status/1217139919698657281?ref_src=twsrc%5Etfw">January 14, 2020</a></blockquote>
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<p dir="ltr" lang="en">True his sweat shops are the worst. Don’t be a few minutes late you’ll be fired even if you call and let them know there was an accident. And what’s up with the cult numbering system? That’s just creepy.</p>
— WickedJoker (@w1ck3dj0k3r949) <a href="https://twitter.com/w1ck3dj0k3r949/status/1217495442700660736?ref_src=twsrc%5Etfw">January 15, 2020</a></blockquote>
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<p dir="ltr" lang="de">Ye sab bechna band krde Bezos <a href="https://t.co/IFUEspdZC1">pic.twitter.com/IFUEspdZC1</a></p>
— Tempest (@ColdCigar) <a href="https://twitter.com/ColdCigar/status/1217114519526240256?ref_src=twsrc%5Etfw">January 14, 2020</a></blockquote>
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<p>Also watch:&nbsp;</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/amazon-ceo-jeff-bezos-lands-in-india-pays-tribute-to-mahatma-gandhi-274308/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>


Amazon CEO Jeff Bezos who is in India for an annual Amazon event yesterday visited the Mahatma Gandhi memorial in New Delhi. One of the first thing he did was visiting the Gandhi memorial at Rajghat.

Amazon CEO Jeff Bezos who is in India for an annual Amazon event yesterday visited the Mahatma Gandhi memorial in New Delhi. One of the first thing he did was visiting the Gandhi memorial at Rajghat. He was seen placing flowers at the memorial and paying respect. Bezos posted a video where he can be seen in a white kurta and an orange half-jacket, carrying a colourful wreath of flowers on the lawns of the memorial at Raj Ghat. Just landed in India and spent a beautiful afternoon paying my respects to someone who truly changed the world. “Live as if you were to die tomorrow. Learn as if you were to live forever." - Mahatma Gandhi. pic.twitter.com/xDXAT9cBgf — Jeff Bezos (@JeffBezos) January 14, 2020 × Also read: Amazon CEO Jeff Bezos takes a dig at Mark Zuckerberg, calls making of Facebook child's play Amazon's Jeff Bezos, richest man in the world, has been under fire for work policies termed as “brutal”. It was in the context that many have responded to the video posted by him on social media paying respect of Gandhi. Hey @JeffBezos, you & other corporate leaders should be boycotting the Modi regime. Did you know that: Kashmir has been without internet since Aug 5, 2019; Millions could be rendered stateless in Assam; A new citizenship bill discriminates against Muslims? Speak out please. https://t.co/iwOrLbUz6x — Arjun Sethi (@arjunsethi81) January 14, 2020 × I think Ghandi would have a few words to say to the richest man on the planet. And his cheapskate way of handling charity and the way Amazon treats its employees as human filth #JeffBezos — buy nothing day (@HansWor94958595) January 14, 2020 × True his sweat shops are the worst. Don’t be a few minutes late you’ll be fired even if you call and let them know there was an accident. And what’s up with the cult numbering system? That’s just creepy. — WickedJoker (@w1ck3dj0k3r949) January 15, 2020 × Ye sab bechna band krde Bezos pic.twitter.com/IFUEspdZC1 — Tempest (@ColdCigar) January 14, 2020 × Also watch:

Amazon CEO Jeff Bezos gets trolled online as he visits Gandhi memorial at Rajpath

<p>Anyone who has followed Amazon's India strategy will not be surprised by the latest investment offer of its CEO Jeff Bezos.</p>

<p>Six years ago, the same Jeff Bezos promised to invest $2 billion in India. Now, it's $1 billion.</p>

<p>But as we have seen, the small traders view Amazon as a monopoly. They are worried about their livelihood.&nbsp;</p>

<p>This leads to several complex questions - can India strike a balance between big-ticket investments and small businesses? if the answer is yes, then how can India achieve the balance?</p>

<p>While the digitisation of Indian businesses is a welcome step, the question is&nbsp; - what is Amazon's profit in this?</p>

<p>Already, India's small retailers blame Amazon and Walmart for offering deep discounts. For consumers, deep discounts are good news, but it sounds a death-knell for small businesses who struggle to compete with 'giant' discounts.</p>

<p>Unless the government brings in pricing regulations on online retail business, this problem will continue, with or without Amazon.</p>

<p>Amazon and Walmart have already been accused of violating India foreign investment rules. There are also doubts over how firms like Amazon use consumer data.</p>

<p>The government must make it clear to Amazon that predatory pricing practices will not be allowed in India. Having said that, it's a good thing that Amazon is interested in India.</p>

<p>It shows that there is global optimism on India's consumption and economy and more investments would only accelerate the economic revival.</p>

<p>India is home to the world's fastest-growing e-commerce market, second-biggest smartphone user base. India's export market could also improve drastically with investments from platforms like Amazon.&nbsp;</p>

<p>The need of the hour is the balance. Small businesses are crucial for the long-term health of the Indian economy. Moreover, small businesses will promote local innovation.</p>

<p>The government needs to approach this situation in a graded manner by setting pricing norms, incentivising small businesses while also enhancing the synergies through investments from Amazon.</p>

<p>While Jeff Bezos makes his sweet offers, it is important for the government to understand a simple fact - the mood among small retailers should not be allowed to turn sour and bitter.<br />
<br />
<em>(Disclaimer: WION Edit is the channel's take on the big events of the world)&nbsp;</em></p>


Anyone who has followed Amazon's India strategy will not be surprised by the latest investment offer of its CEO Jeff Bezos. Six years ago, the same Jeff Bezos promised to invest $2 billion in India.

Anyone who has followed Amazon's India strategy will not be surprised by the latest investment offer of its CEO Jeff Bezos. Six years ago, the same Jeff Bezos promised to invest $2 billion in India. Now, it's $1 billion. But as we have seen, the small traders view Amazon as a monopoly. They are worried about their livelihood. This leads to several complex questions - can India strike a balance between big-ticket investments and small businesses? if the answer is yes, then how can India achieve the balance? While the digitisation of Indian businesses is a welcome step, the question is - what is Amazon's profit in this? Already, India's small retailers blame Amazon and Walmart for offering deep discounts. For consumers, deep discounts are good news, but it sounds a death-knell for small businesses who struggle to compete with 'giant' discounts. Unless the government brings in pricing regulations on online retail business, this problem will continue, with or without Amazon. Amazon and Walmart have already been accused of violating India foreign investment rules. There are also doubts over how firms like Amazon use consumer data. The government must make it clear to Amazon that predatory pricing practices will not be allowed in India. Having said that, it's a good thing that Amazon is interested in India. It shows that there is global optimism on India's consumption and economy and more investments would only accelerate the economic revival. India is home to the world's fastest-growing e-commerce market, second-biggest smartphone user base. India's export market could also improve drastically with investments from platforms like Amazon. The need of the hour is the balance. Small businesses are crucial for the long-term health of the Indian economy. Moreover, small businesses will promote local innovation. The government needs to approach this situation in a graded manner by setting pricing norms, incentivising small businesses while also enhancing the synergies through investments from Amazon. While Jeff Bezos makes his sweet offers, it is important for the government to understand a simple fact - the mood among small retailers should not be allowed to turn sour and bitter. (Disclaimer: WION Edit is the channel's take on the big events of the world)

WION Edit: Amazon's investment offer - options for India

Bezos took to Instagram on January 12 to announce that he will be donating $6,90,000 to a wildlife recovery organisation in connection with the Australian bushfire relief efforts.

Why Twitteratis calling Jeff Bezos cheap?

WION Speed News: Watch top national and international news of the morning - January 16, 2020

Amazon's CEO Jeff Bezos has reignited an old debate in India with an investment offer: How to strike a balance between big investments & small businesses. India's brick & mortal retailers are a worried lot. Can India strike a balance? On #WionEdit, Palki Sharma explores.

Wion Edit: Amazon's investment offer: Opportunities & Challenges for India

Amazon founder Jeff Bezos landed in India yesterday and paid tribute to Mahatma Gandhi at the Raj Ghat memorial located in the capital ahead of the online retailer's two-day summit for small and medium businesses scheduled to be held in Delhi tomorrow.

Amazon CEO Jeff Bezos lands in India, pays tribute to Mahatma Gandhi

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<p>Amazon CEO Jeff Bezos who is in India for an annual Amazon event yesterday visited the Mahatma Gandhi memorial in New Delhi.</p>

<p><a href="https://www.wionews.com/business-economy/e-commerce-firms-shouldnt-offer-heavy-discounts-antitrust-chief-says-ahead-amazon-ceo-bezos-visit-274271"><strong>Also read: 'E-commerce firms shouldn't offer heavy discounts' —&nbsp;Antitrust chief says ahead Amazon CEO Bezos' visit</strong></a></p>

<p>Bezos posted a video where he can be seen in a white kurta and an orange half-jacket, carrying a colourful wreath of flowers on the lawns of the memorial at Raj Ghat.</p>

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<p dir="ltr" lang="en">Just landed in India and spent a beautiful afternoon paying my respects to someone who truly changed the world. “Live as if you were to die tomorrow. Learn as if you were to live forever." - Mahatma Gandhi. <a href="https://t.co/xDXAT9cBgf">pic.twitter.com/xDXAT9cBgf</a></p>
— Jeff Bezos (@JeffBezos) <a href="https://twitter.com/JeffBezos/status/1217100229993881600?ref_src=twsrc%5Etfw">January 14, 2020</a></blockquote>
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<p>The e-retailer giant's chief executive's visit to India comes at a time when the country's anti-trust body competition commission of India is looking into alleged unfair practices by Amazon and Walmart's Flipkart.</p>

<p>Bezos will appear on stage at Amazon’s Smbhav event for a fireside chat alongside Amit Agarwal, who heads amazon’s India operations.</p>

<p>According to the sources, Bezos has also sought meetings with Prime Minister Narendra Modi and other government officials.</p>

<p>Meanwhile, a complaint by the Delhi Vyapar Mahasangh, whose members include thousands of traders dealing in smartphones and related accessories. Have accused amazon of anti-competitive practices like preferential listing, exclusive tie-ups and private labels.</p>

<p>The traders have said they will hold a massive protest during Bezos' visit to India.</p>

<p>The Confederation of All India Traders (CAIT), an organisation representing 70 million physical retailers, said it will dissent across 300 cities during Bezos' stay in the nation.&nbsp;</p>

<p>CAIT has since 2015 pursued a fight against online retailers Amazon and Walmart-controlled Flipkart, blaming them for profound limits and spurning India's foreign investment rules.</p>

<p>Both the retail conglomerates have denied the claims.</p>


Amazon CEO Jeff Bezos who is in India for an annual Amazon event yesterday visited the Mahatma Gandhi memorial in New Delhi. Also read: 'E-commerce firms shouldn't offer heavy discounts' — Antitrust chief says ahead Amazon CEO Bezos' visit Bezos posted a video where he can be seen in a white kurta and an orange half-jacket, carrying a colourful wreath of flowers on the lawns of the memorial at Raj Ghat.

Amazon CEO Jeff Bezos who is in India for an annual Amazon event yesterday visited the Mahatma Gandhi memorial in New Delhi. Also read: 'E-commerce firms shouldn't offer heavy discounts' — Antitrust chief says ahead Amazon CEO Bezos' visit Bezos posted a video where he can be seen in a white kurta and an orange half-jacket, carrying a colourful wreath of flowers on the lawns of the memorial at Raj Ghat. Just landed in India and spent a beautiful afternoon paying my respects to someone who truly changed the world. “Live as if you were to die tomorrow. Learn as if you were to live forever." - Mahatma Gandhi. pic.twitter.com/xDXAT9cBgf — Jeff Bezos (@JeffBezos) January 14, 2020 × The e-retailer giant's chief executive's visit to India comes at a time when the country's anti-trust body competition commission of India is looking into alleged unfair practices by Amazon and Walmart's Flipkart. Bezos will appear on stage at Amazon’s Smbhav event for a fireside chat alongside Amit Agarwal, who heads amazon’s India operations. According to the sources, Bezos has also sought meetings with Prime Minister Narendra Modi and other government officials. Meanwhile, a complaint by the Delhi Vyapar Mahasangh, whose members include thousands of traders dealing in smartphones and related accessories. Have accused amazon of anti-competitive practices like preferential listing, exclusive tie-ups and private labels. The traders have said they will hold a massive protest during Bezos' visit to India. The Confederation of All India Traders (CAIT), an organisation representing 70 million physical retailers, said it will dissent across 300 cities during Bezos' stay in the nation. CAIT has since 2015 pursued a fight against online retailers Amazon and Walmart-controlled Flipkart, blaming them for profound limits and spurning India's foreign investment rules. Both the retail conglomerates have denied the claims.

Jeff Bezos' India visit: Amazon CEO pays tribute to Mahatma Gandhi, to address  'Smbhav'

The Indian Commerce Minister Piyush Goyal has refused to Amazon boss Jeff Bezos. Sources are telling WION that the Minister has taken a tough stand against Amazon. Piyush Goyal declined to schedule a meeting despite the e-commerce giant's request.

India takes tough stand against Amazon, Piyush Goyal snubs Jeff Bezos

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<p>Amazon.com Inc founder and CEO Jeff Bezos on Wednesday took a dig at Facebook founder Mark Zuckerberg while elaborating upon the huge cost of space expansions.&nbsp;</p>

<p><a href="https://www.wionews.com/india-news/amazon-will-export-10-billion-worth-indian-products-jeff-bezos-274378"><strong>Also read: Will export $10 billion 'Make in India' products by 2025, says Amazon CEO Jeff Bezos</strong></a><br />
<br />
He said, “Earth is finite. If we continue to grow and consume energy and expand, in the long run, we are going to move the polluting industries to space and earth can be this place to live. Two kids in a dorm room could build a Facebook, but that cannot happen in space. It’s a huge cost.”</p>

<p><a href="https://www.wionews.com/india-news/jeff-bezos-india-visit-amazon-ceo-pays-tribute-to-mahatma-gandhi-to-address-smbhav-274326"><strong>Also read:&nbsp;Jeff Bezos' India visit —&nbsp;Amazon CEO pays tribute to Mahatma Gandhi, to address 'Smbhav'</strong></a><br />
&nbsp;<br />
His space firm Blue Origin was founded in 2000 with a mission of reducing the costs of space travel and making it more accessible.</p>

<p><a href="https://www.wionews.com/business-economy/e-commerce-firms-shouldnt-offer-heavy-discounts-antitrust-chief-says-ahead-amazon-ceo-bezos-visit-274271"><strong>Also read: 'E-commerce firms shouldn't offer heavy discounts' —&nbsp;Antitrust chief says ahead Amazon CEO Bezos' visit</strong></a><br />
&nbsp;<br />
Facebook was launched in 2004 by Zuckerberg with his college roommates and fellow Harvard University students is now approximately worth 41 billion dollars with 2.45 billion users globally. &nbsp;The social networking site is the most downloaded app of the decade from 2010 to 2019.</p>

<p><img alt="amazon" data-entity-type="file" data-entity-uuid="91349e4e-1a83-4aae-b2bd-ad452793edd4" src="//cdn.wionews.com/sites/default/files/inline-images/Untitled%20design%20%2823%29_6.jpg" /><br />
&nbsp;<br />
Meanwhile, Bezos who is in India for an annual Amazon event said his company will export $10 billion worth of Make in India goods by 2025. The announcement is important as the online retailer is facing protests by small and medium businesses that have accused Amazon of unfair trade practices.</p>

<p>"Unless India becomes better, you can’t become better. Therefore in every decision, make this a better place for all of us. Once you think this, I believe India will become a stronger nation," he said.</p>


Amazon.com Inc founder and CEO Jeff Bezos on Wednesday took a dig at Facebook founder Mark Zuckerberg while elaborating upon the huge cost of space expansions. Also read: Will export $10 billion 'Make in India' products by 2025, says Amazon CEO Jeff Bezos He said, “Earth is finite.

Amazon.com Inc founder and CEO Jeff Bezos on Wednesday took a dig at Facebook founder Mark Zuckerberg while elaborating upon the huge cost of space expansions. Also read: Will export $10 billion 'Make in India' products by 2025, says Amazon CEO Jeff Bezos He said, “Earth is finite. If we continue to grow and consume energy and expand, in the long run, we are going to move the polluting industries to space and earth can be this place to live. Two kids in a dorm room could build a Facebook, but that cannot happen in space. It’s a huge cost.” Also read: Jeff Bezos' India visit — Amazon CEO pays tribute to Mahatma Gandhi, to address 'Smbhav' His space firm Blue Origin was founded in 2000 with a mission of reducing the costs of space travel and making it more accessible. Also read: 'E-commerce firms shouldn't offer heavy discounts' — Antitrust chief says ahead Amazon CEO Bezos' visit Facebook was launched in 2004 by Zuckerberg with his college roommates and fellow Harvard University students is now approximately worth 41 billion dollars with 2.45 billion users globally. The social networking site is the most downloaded app of the decade from 2010 to 2019. Meanwhile, Bezos who is in India for an annual Amazon event said his company will export $10 billion worth of Make in India goods by 2025. The announcement is important as the online retailer is facing protests by small and medium businesses that have accused Amazon of unfair trade practices. "Unless India becomes better, you can’t become better. Therefore in every decision, make this a better place for all of us. Once you think this, I believe India will become a stronger nation," he said.

Amazon CEO Jeff Bezos takes a dig at Mark Zuckerberg, calls making of Facebook child's play

<p><a href="https://www.wionews.com/business-economy/amazon-boss-jeff-bezos-to-face-protests-from-traders-during-india-trip-273640">Amazon CEO Jeff Bezos</a> on Tuesday made donations of&nbsp;$690,000 to the<a href="http://wionews.com/world/smoke-plummetted-from-australian-bushfire-will-take-a-full-circuit-and-return-to-the-nation-nasa-274181"> Australian bushfires relief effort</a>s. Soon after the post, the internet slammed&nbsp;<a href="https://www.wionews.com/world/no-one-should-endure-what-you-did-says-jeff-bezos-to-khashoggis-fiancee-hatice-cengiz-253320">Bezos</a> as people&nbsp;highlighted that the amount is roughly how much money Bezos makes in minutes.</p>

<p>"Our hearts go out to all Australians as they cope with these devastating bushfires. Amazon is donating A$1 million needed for provisions and services. Find more about it and learn how customers can help as well. Link in bio," Bezos announced on Instagram.</p>

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<p style=" margin:8px 0 0 0; padding:0 4px;"><a href="https://www.instagram.com/p/B7NZCExnSkz/?utm_source=ig_embed&amp;utm_campaign=loading" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_blank">Our hearts go out to all Australians as they cope with these devastating bushfires. Amazon is donating 1 million AU dollars in needed provisions and services. Find more about it and learn how customers can help as well. Link in bio.</a></p>

<p style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;">A post shared by <a href="https://www.instagram.com/jeffbezos/?utm_source=ig_embed&amp;utm_campaign=loading" style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px;" target="_blank"> Jeff Bezos</a> (@jeffbezos) on <time datetime="2020-01-12T06:17:22+00:00" style=" font-family:Arial,sans-serif; font-size:14px; line-height:17px;">Jan 11, 2020 at 10:17pm PST</time></p>
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<p>"Jeff Bezos donated three minutes of his day," one user wrote on micro-blogging site Twitter.</p>

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<p dir="ltr" lang="en">Jeff Bezos donated three minutes of his day <a href="https://t.co/H9IzpdixUc">pic.twitter.com/H9IzpdixUc</a></p>
— The Serfs (@theserfstv) <a href="https://twitter.com/theserfstv/status/1216762546469761024?ref_src=twsrc%5Etfw">January 13, 2020</a></blockquote>
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<p>"Jeff Bezos makes $149,340 a minute. So he is effectively donating 4.6 minutes of money. If he donated what he makes in a day, that would be $215 million, which would still not be enough, " a&nbsp;Twitter user wrote.</p>

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<p dir="ltr" lang="en">Jeff Bezos makes $149,340 a minute. So he is effectively donating 4.6 minutes of money. If he donated what he makes in a day, that would be $215 million, which would still not be enough. <a href="https://t.co/dl4R5VjdKB">https://t.co/dl4R5VjdKB</a></p>
— Reina Sultan رينا سلطان (@SultanReina) <a href="https://twitter.com/SultanReina/status/1216496134195154947?ref_src=twsrc%5Etfw">January 12, 2020</a></blockquote>
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<p dir="ltr" lang="en">Jeff Bezos deciding how much to donate <a href="https://t.co/30Nim4LRQ1">pic.twitter.com/30Nim4LRQ1</a></p>
— 👁👄👁 (@ThatOtherDrake) <a href="https://twitter.com/ThatOtherDrake/status/1216893701668114435?ref_src=twsrc%5Etfw">January 14, 2020</a></blockquote>
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<p>According to a report,<a href="https://www.wionews.com/business-economy/jeff-bezos-sells-shares-worth-18-billion-loses-stake-in-amazon-to-about-110-billion-240029"> Jeff Bezos</a> alone makes roughly $78.5 billion per year, which breaks down to more than $215 million per day, or $149,353 per minute.</p>

<p>Australia is battling&nbsp;with unprecedented wildfires raging in New South Wales and Victoria which has ravaged the environment and left several thousand homeless.&nbsp;&nbsp;</p>

<p>Huge&nbsp;wildfires have razed more than 11.2 million hectares (27.7 million acres), nearly half the area of the United Kingdom, destroying or severely damaging the habitats of several native animals.</p>

<p>Some estimates suggest as many as a billion animals, including livestock and domestic pets, have either died in the blazes or are at risk in their aftermath due to a lack of food and shelter.</p>

<p>Social media site giant Facebook has pledged $1.25 million towards relief efforts while widely popular metal band Metallica has pledged $7,50,000.</p>

<p>Entrepreneur Kylie Jenner is donating&nbsp;$1 million while singer Elton John has given $1 million towards the Australian wildfires.</p>


Amazon CEO Jeff Bezos on Tuesday made donations of $690,000 to the Australian bushfires relief efforts. Soon after the post, the internet slammed Bezos as people highlighted that the amount is roughly how much money Bezos makes in minutes.

Amazon CEO Jeff Bezos on Tuesday made donations of $690,000 to the Australian bushfires relief efforts. Soon after the post, the internet slammed Bezos as people highlighted that the amount is roughly how much money Bezos makes in minutes. "Our hearts go out to all Australians as they cope with these devastating bushfires. Amazon is donating A$1 million needed for provisions and services. Find more about it and learn how customers can help as well. Link in bio," Bezos announced on Instagram. View this post on Instagram Our hearts go out to all Australians as they cope with these devastating bushfires. Amazon is donating 1 million AU dollars in needed provisions and services. Find more about it and learn how customers can help as well. Link in bio. A post shared by Jeff Bezos (@jeffbezos) on Jan 11, 2020 at 10:17pm PST × "Jeff Bezos donated three minutes of his day," one user wrote on micro-blogging site Twitter. Jeff Bezos donated three minutes of his day pic.twitter.com/H9IzpdixUc — The Serfs (@theserfstv) January 13, 2020 × "Jeff Bezos makes $149,340 a minute. So he is effectively donating 4.6 minutes of money. If he donated what he makes in a day, that would be $215 million, which would still not be enough, " a Twitter user wrote. Jeff Bezos makes $149,340 a minute. So he is effectively donating 4.6 minutes of money. If he donated what he makes in a day, that would be $215 million, which would still not be enough. https://t.co/dl4R5VjdKB — Reina Sultan رينا سلطان (@SultanReina) January 12, 2020 × Jeff Bezos deciding how much to donate pic.twitter.com/30Nim4LRQ1 — 👁👄👁 (@ThatOtherDrake) January 14, 2020 × According to a report, Jeff Bezos alone makes roughly $78.5 billion per year, which breaks down to more than $215 million per day, or $149,353 per minute. Australia is battling with unprecedented wildfires raging in New South Wales and Victoria which has ravaged the environment and left several thousand homeless. Huge wildfires have razed more than 11.2 million hectares (27.7 million acres), nearly half the area of the United Kingdom, destroying or severely damaging the habitats of several native animals. Some estimates suggest as many as a billion animals, including livestock and domestic pets, have either died in the blazes or are at risk in their aftermath due to a lack of food and shelter. Social media site giant Facebook has pledged $1.25 million towards relief efforts while widely popular metal band Metallica has pledged $7,50,000. Entrepreneur Kylie Jenner is donating $1 million while singer Elton John has given $1 million towards the Australian wildfires.

'Bezos donates three minutes of his day': Amazon CEO slammed for Australia bushfires donation

<p>India ordered an investigation of Amazon.com Inc and <a href="https://www.wionews.com/business-economy/walmart-sacks-around-50-executives-in-india-restructuring-sources-273864">Walmar</a>t's Flipkart on Monday over alleged violations of competition law in the latest setback for <a href="https://www.wionews.com/business-economy/india-looks-into-flipkart-amazon-festive-discounts-after-retailer-complaints-256043">US e-commerce giants operating</a> in the country.</p>

<p>The Competition Commission of India (CCI) said it was ordering a wider probe following a review of allegations that Amazon and Flipkart were promoting some "preferred sellers" and in turn hurting business for other, smaller sellers.</p>

<p>Flipkart is "fully compliant" with all laws and is currently reviewing the CCI order, Senior Vice President Rajneesh Kumar said.</p>

<p>Amazon did not respond to a request for immediate comment. <a href="https://www.wionews.com/business-economy/amazon-boss-jeff-bezos-to-face-protests-from-traders-during-india-trip-273640">Amazon boss Jeff Bezos </a>is expected to visit India for potential meetings with government officials this week.</p>

<p>The complaint against the two companies was filed by Delhi Vyapar Mahasangh, a group representing small- and medium-sized businesses. They alleged that several of Amazon and Flipkart`s preferred sellers were affiliated with, or controlled by, the companies themselves, either directly or indirectly.</p>

<p>In its 11-page order, the CCI noted four alleged anti-competitive practices: exclusive launch of mobile phones by the e-commerce firms, promoting preferred sellers on their websites, deep discounting practices and prioritising some seller listings over others.</p>

<p>"Exclusive launch (of mobile phones) coupled with preferential treatment to a few sellers and the discounting practices create an ecosystem that may lead to an appreciable adverse effect on competition," the order said.</p>

<p>The CCI said its investigation unit should complete the probe within 60 days, but typically such cases have taken far longer.</p>

<p>Walmart in 2018 invested $16 billion to buy a majority stake in India's Flipkart, its biggest-ever deal.</p>

<p>The CCI probe will be the latest setback for the US companies that were last year hit with more stringent foreign investment rules.</p>

<p>Some of the allegations reviewed by the CCI have been long levelled against both companies.</p>

<p>Indian brick-and-mortar traders allege Amazon and Flipkart violate the country`s foreign investment rules and burn billions of dollars to offer steep discounts that hurt smaller traders. The two companies say they are in compliance with all rules.</p>

<p>In a recent study, the CCI said India's was the fastest-growing e-commerce market with revenue this year expected to reach $120 billion, triple its size in 2017.</p>

<p>"The e-commerce sector is plagued with several issues, any adverse action by the CCI could scuttle the growth of the sector," said Ram Kumar Poornachandran, competition law lead at law firm TT&amp;A.<br />
&nbsp;</p>


India ordered an investigation of Amazon.com Inc and Walmart's Flipkart on Monday over alleged violations of competition law in the latest setback for US e-commerce giants operating in the country.

India ordered an investigation of Amazon.com Inc and Walmart's Flipkart on Monday over alleged violations of competition law in the latest setback for US e-commerce giants operating in the country. The Competition Commission of India (CCI) said it was ordering a wider probe following a review of allegations that Amazon and Flipkart were promoting some "preferred sellers" and in turn hurting business for other, smaller sellers. Flipkart is "fully compliant" with all laws and is currently reviewing the CCI order, Senior Vice President Rajneesh Kumar said. Amazon did not respond to a request for immediate comment. Amazon boss Jeff Bezos is expected to visit India for potential meetings with government officials this week. The complaint against the two companies was filed by Delhi Vyapar Mahasangh, a group representing small- and medium-sized businesses. They alleged that several of Amazon and Flipkart`s preferred sellers were affiliated with, or controlled by, the companies themselves, either directly or indirectly. In its 11-page order, the CCI noted four alleged anti-competitive practices: exclusive launch of mobile phones by the e-commerce firms, promoting preferred sellers on their websites, deep discounting practices and prioritising some seller listings over others. "Exclusive launch (of mobile phones) coupled with preferential treatment to a few sellers and the discounting practices create an ecosystem that may lead to an appreciable adverse effect on competition," the order said. The CCI said its investigation unit should complete the probe within 60 days, but typically such cases have taken far longer. Walmart in 2018 invested $16 billion to buy a majority stake in India's Flipkart, its biggest-ever deal. The CCI probe will be the latest setback for the US companies that were last year hit with more stringent foreign investment rules. Some of the allegations reviewed by the CCI have been long levelled against both companies. Indian brick-and-mortar traders allege Amazon and Flipkart violate the country`s foreign investment rules and burn billions of dollars to offer steep discounts that hurt smaller traders. The two companies say they are in compliance with all rules. In a recent study, the CCI said India's was the fastest-growing e-commerce market with revenue this year expected to reach $120 billion, triple its size in 2017. "The e-commerce sector is plagued with several issues, any adverse action by the CCI could scuttle the growth of the sector," said Ram Kumar Poornachandran, competition law lead at law firm TT&A.

Antitrust probe ordered against Amazon, Walmart's Flipkart in violation of competition law

<p>Thousands of small-scale traders in India are planning to organise protests against <a href="https://www.wionews.com/business-economy/india-to-tweak-proposed-content-regulations-to-ease-burden-on-some-sources-272997">Amazon.com</a> Inc founder <a href="https://www.wionews.com/business-economy/worlds-richest-get-richer-adding-12-trillion-to-their-combined-wealth-271083">Jeff Bezos</a>, who will visit the country next week for a company event and potential meetings with government officials.</p>

<p>Bezos will participate in an Amazon event in capital New Delhi aimed at connecting with small and medium-sized enterprises, three sources told reporters.</p>

<p>He has also sought meetings with the prime minister and other government officials, with conversations expected to centre around e-commerce, one of the sources familiar with the matter said.</p>

<p>Details of Bezos' visit, including his arrival date and the duration of his stay, are not known.</p>

<p>Amazon did not respond to a request to confirm the visit. The prime minister's office also did not respond to requests for comment.</p>

<p>The <a href="https://www.wionews.com/india-news/finance-minister-nirmala-sitharaman-holds-meeting-on-gst-simplification-in-delhi-262629">Confederation of All India Traders</a> (CAIT), a group representing roughly 70 million brick-and-mortar retailers, said it will protest across 300 cities during Bezos' stay in the country.</p>

<p>CAIT has since 2015 waged a battle against online retailers Amazon and Walmart-controlled <a href="https://www.wionews.com/business-economy/start-up-revolution-new-age-billionaires-leaving-boardrooms-to-focus-on-new-business-270238">Flipkart</a>, accusing them of deep discounts and flouting India's foreign investment rules.</p>

<p>Both e-tailers have denied the allegations.</p>

<p>Amazon has previously said its platform provides business opportunities to thousands of small sellers, artisans, weavers and women entrepreneurs. But CAIT is not convinced.</p>

<p>"We plan to organise peaceful rallies against Jeff Bezos in all major cities such as Delhi, Mumbai, Kolkata as well as smaller towns and cities," <a href="https://www.wionews.com/business-economy/india-looks-into-flipkart-amazon-festive-discounts-after-retailer-complaints-256043">Praveen Khandelwal</a>, the group's secretary-general told reporters.</p>

<p>"We expect to mobilise at least 100,000 traders in the protests."</p>

<p>With its 1.3 billion population and the world's second-biggest smartphone user base that relies on cheap data for social media and online shopping, India is a key market for US&nbsp;retailers Amazon and Walmart to grow their business.</p>

<p>Discounts on their platforms have helped lure Indians to shop online for everything from groceries to large electronic devices, a phenomenon which traders say has unfairly hurt their business.</p>

<p>New Delhi introduced rules last year to protect nearly 130 million people dependent on small-scale retail, a key voter base, by deterring large online discounts.</p>

<p>The rules forced e-commerce firms to change their business structures, drawing criticism from the United States and straining the two countries' trade ties.</p>

<p>The federal commerce ministry is reviewing <a href="https://www.wionews.com/business-economy/flipkart-amazon-others-rush-to-pull-vaping-devices-after-india-ban-250626">complaints</a> and evidence filed by CAIT against Flipkart and Amazon, reporters&nbsp;reported previously.</p>


Thousands of small-scale traders in India are planning to organise protests against Amazon.com Inc founder Jeff Bezos, who will visit the country next week for a company event and potential meetings with government officials.

Thousands of small-scale traders in India are planning to organise protests against Amazon.com Inc founder Jeff Bezos, who will visit the country next week for a company event and potential meetings with government officials. Bezos will participate in an Amazon event in capital New Delhi aimed at connecting with small and medium-sized enterprises, three sources told reporters. He has also sought meetings with the prime minister and other government officials, with conversations expected to centre around e-commerce, one of the sources familiar with the matter said. Details of Bezos' visit, including his arrival date and the duration of his stay, are not known. Amazon did not respond to a request to confirm the visit. The prime minister's office also did not respond to requests for comment. The Confederation of All India Traders (CAIT), a group representing roughly 70 million brick-and-mortar retailers, said it will protest across 300 cities during Bezos' stay in the country. CAIT has since 2015 waged a battle against online retailers Amazon and Walmart-controlled Flipkart, accusing them of deep discounts and flouting India's foreign investment rules. Both e-tailers have denied the allegations. Amazon has previously said its platform provides business opportunities to thousands of small sellers, artisans, weavers and women entrepreneurs. But CAIT is not convinced. "We plan to organise peaceful rallies against Jeff Bezos in all major cities such as Delhi, Mumbai, Kolkata as well as smaller towns and cities," Praveen Khandelwal, the group's secretary-general told reporters. "We expect to mobilise at least 100,000 traders in the protests." With its 1.3 billion population and the world's second-biggest smartphone user base that relies on cheap data for social media and online shopping, India is a key market for US retailers Amazon and Walmart to grow their business. Discounts on their platforms have helped lure Indians to shop online for everything from groceries to large electronic devices, a phenomenon which traders say has unfairly hurt their business. New Delhi introduced rules last year to protect nearly 130 million people dependent on small-scale retail, a key voter base, by deterring large online discounts. The rules forced e-commerce firms to change their business structures, drawing criticism from the United States and straining the two countries' trade ties. The federal commerce ministry is reviewing complaints and evidence filed by CAIT against Flipkart and Amazon, reporters reported previously.

Amazon boss Jeff Bezos to face 'protests' from traders during India trip

From Lady Gaga to Adele, from Katie Holmes to Miley Cyrus, have a look at the celebrity splits and divorces of 2019.

A look at the celebrity splits and divorces of 2019

<p>As the year comes to an end, here's some news that would bring more cheer to the richest across the globe and also raise an alarm about the burgeoning wealth gap and income inequality.</p>

<p>According to a Bloomberg report, <a href="https://www.wionews.com/business-economy/billionaires-wealth-falls-for-the-first-time-in-a-decade-260714">the wealthiest of the planet</a> gained as much as $1.2 trillion in 2019.&nbsp;</p>

<p>The Bloomberg Billionaires Index - &nbsp;which closely tracks the top 500 wealthiest people in the world - states that the wealthy of the world this year boosted their collective net worth by as much as 25 per cent to jump to $5.9 trillion.</p>

<p>Over 170 American billionaires found a spot on Bloomberg's ranking who, collectively, added $500 billion. Facebook chief Mark Zuckerberg and &nbsp;Microsoft co-founder Bill Gates were among the ones who added a fortune to their net worth this year.&nbsp;</p>

<p>As per the Bloomberg Billionaires Index, Amazon CEO Jeff Bezos sits at the top of the list of the world's wealthiest with a net worth of $116 billion.&nbsp;</p>

<p>Bezos is followed by Bill Gates, Bernard Arnault, Warren Buffett and Facebook chief Mark Zuckerberg.&nbsp;</p>

<p>Indian billionaire and chairman of Reliance Industries Ltd Mukesh Ambani stands at the 12th spot with $59.5 billion as net worth.&nbsp;</p>

<p>This comes after a report suggested that billionaires' wealth fell by $388 billion globally to $8.539 trillion in the year 2018, news agency AFP quoted UBS/PwC Billionaires Report.</p>

<p>"Billionaire wealth dipped in 2018 for the first time since 2008 because of geopolitics," UBS's head of ultra-high net worth clients, Josef Stadler, adding that the billionaire's wealth was likely to go up this year.&nbsp;</p>

<p><em>(With inputs from AFP)</em></p>

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As the year comes to an end, here's some news that would bring more cheer to the richest across the globe and also raise an alarm about the burgeoning wealth gap and income inequality.

As the year comes to an end, here's some news that would bring more cheer to the richest across the globe and also raise an alarm about the burgeoning wealth gap and income inequality. According to a Bloomberg report, the wealthiest of the planet gained as much as $1.2 trillion in 2019. The Bloomberg Billionaires Index - which closely tracks the top 500 wealthiest people in the world - states that the wealthy of the world this year boosted their collective net worth by as much as 25 per cent to jump to $5.9 trillion. Over 170 American billionaires found a spot on Bloomberg's ranking who, collectively, added $500 billion. Facebook chief Mark Zuckerberg and Microsoft co-founder Bill Gates were among the ones who added a fortune to their net worth this year. As per the Bloomberg Billionaires Index, Amazon CEO Jeff Bezos sits at the top of the list of the world's wealthiest with a net worth of $116 billion. Bezos is followed by Bill Gates, Bernard Arnault, Warren Buffett and Facebook chief Mark Zuckerberg. Indian billionaire and chairman of Reliance Industries Ltd Mukesh Ambani stands at the 12th spot with $59.5 billion as net worth. This comes after a report suggested that billionaires' wealth fell by $388 billion globally to $8.539 trillion in the year 2018, news agency AFP quoted UBS/PwC Billionaires Report. "Billionaire wealth dipped in 2018 for the first time since 2008 because of geopolitics," UBS's head of ultra-high net worth clients, Josef Stadler, adding that the billionaire's wealth was likely to go up this year. (With inputs from AFP)

Gaining over $1 trillion this year, the richest got richer in 2019

<p>Amazon's founder Jeff Bezos made a brief appearance at the vigil held to commemorate the <a href="https://www.wionews.com/world/rights-groups-demand-justice-on-khashoggi-murder-anniversary-253303">murder of Saudi journalist</a>, Jamal Khashoggi.</p>

<p>Bezos, who is also the owner of The Washington Post where Khashoggi used to be a columnist, told <a href="https://www.wionews.com/world/i-thought-i-would-become-jamals-wife-instead-became-last-witness-before-a-murder-khashoggis-fiancee-hatice-cengiz-253300">Khashoggi's fiancee Hatice Cengiz</a> that her experience was "unimaginable".</p>

<p>"Hatice, no one should endure what you did. Right here where you are, you paced that street, for hours, pacing and waiting. And he never came out. It is unimaginable and you need to know that you are in our hearts. We are here and you are not alone," Bezos said.</p>

<p>Cengiz, who took the stage after Bezos, said she is still seeking an answer on the whereabouts of Khashoggi's body.</p>

<p>"Glad to see you all here and with you all, I still seek justice. I want to know what happened to his body. I want his friends to be released from jail. I want that those in power are held accountable for their actions," Cengiz said.</p>

<p><strong>Gravitas: Khashoggi murder was an extrajudicial killing: UN special rapporteur</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-khashoggi-murder-was-an-extrajudicial-killing-un-special-rapporteur-230691/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>Khashoggi, a critic of the crown prince, was murdered on October 2 at its consulate in Istanbul. His dismembered body has never been found. A global outcry ensued and led to US Treasury sanctions on 17 Saudi individuals and a Senate resolution blaming Prince Mohammed.</p>

<p>Saudi officials have denied suspicions in the CIA that the crown prince, known as MbS, ordered the killing.</p>


Amazon's founder Jeff Bezos made a brief appearance at the vigil held to commemorate the murder of Saudi journalist, Jamal Khashoggi. Bezos, who is also the owner of The Washington Post where Khashoggi used to be a columnist, told Khashoggi's fiancee Hatice Cengiz that her experience was "unimaginable".

Amazon's founder Jeff Bezos made a brief appearance at the vigil held to commemorate the murder of Saudi journalist, Jamal Khashoggi. Bezos, who is also the owner of The Washington Post where Khashoggi used to be a columnist, told Khashoggi's fiancee Hatice Cengiz that her experience was "unimaginable". "Hatice, no one should endure what you did. Right here where you are, you paced that street, for hours, pacing and waiting. And he never came out. It is unimaginable and you need to know that you are in our hearts. We are here and you are not alone," Bezos said. Cengiz, who took the stage after Bezos, said she is still seeking an answer on the whereabouts of Khashoggi's body. "Glad to see you all here and with you all, I still seek justice. I want to know what happened to his body. I want his friends to be released from jail. I want that those in power are held accountable for their actions," Cengiz said. Gravitas: Khashoggi murder was an extrajudicial killing: UN special rapporteur Khashoggi, a critic of the crown prince, was murdered on October 2 at its consulate in Istanbul. His dismembered body has never been found. A global outcry ensued and led to US Treasury sanctions on 17 Saudi individuals and a Senate resolution blaming Prince Mohammed. Saudi officials have denied suspicions in the CIA that the crown prince, known as MbS, ordered the killing.

No one should endure what you did: Jeff Bezos to Khashoggi's fiancee

<p>A US House of Representatives panel on Friday demanded internal emails, detailed financial information and other company records from Amazon.com Inc., Facebook Inc, Apple Inc, and Alphabet Inc's Google as its antitrust probe of Big Tech widens.</p>

<p>The committees' letters seek by October 14 internal emails over the last decade from Apple CEO Tim Cook, Amazon CEO Jeff Bezos, <a href="https://www.wionews.com/world/facebooks-libra-has-to-build-anti-money-laundering-anti-terror-financing-design-us-treasury-248861">Facebook CEO Mark Zuckerberg</a> and Alphabet CEO Larry Page, among others, about acquisitions.</p>

<p>Apple shares fell about 1.8% after the market opened. While Apple had been mentioned as a potential target, the House letter offered the first concrete evidence of a wide-ranging antitrust investigation of the company.</p>

<p>Apple has faced criticism that its policies and algorithms in its App Store support its own products and stifle third-party applications.</p>

<p>The letters come days after the Texas attorney general led a group of 50 attorneys general from US states and territories in a probe of whether Google abuses its market power in advertising.</p>

<p>Apple and Facebook did not immediately respond to a request for comment, while Amazon did not immediately comment. Google referred to a blog post issued this week that said its services "create choice for consumers."</p>

<p>The committee requested information from the companies' executives on market share, competitors, their largest customers for specific products and documents from other investigations.</p>

<p>It asked Apple for information on the company's decision to remove some parental control apps from its App Store and its policy regarding whether iPhone users can set non-Apple apps as defaults, among other concerns about its App Store.</p>

<p>The US Justice Department said in July it is investigating "whether and how" large tech companies in "search, social media, and some retail services online" are engaging in anticompetitive behaviour, an apparent reference to the same companies named by the House panel on Friday.</p>


A US House of Representatives panel on Friday demanded internal emails, detailed financial information and other company records from Amazon.com Inc., Facebook Inc, Apple Inc, and Alphabet Inc's Google as its antitrust probe of Big Tech widens.

A US House of Representatives panel on Friday demanded internal emails, detailed financial information and other company records from Amazon.com Inc., Facebook Inc, Apple Inc, and Alphabet Inc's Google as its antitrust probe of Big Tech widens. The committees' letters seek by October 14 internal emails over the last decade from Apple CEO Tim Cook, Amazon CEO Jeff Bezos, Facebook CEO Mark Zuckerberg and Alphabet CEO Larry Page, among others, about acquisitions. Apple shares fell about 1.8% after the market opened. While Apple had been mentioned as a potential target, the House letter offered the first concrete evidence of a wide-ranging antitrust investigation of the company. Apple has faced criticism that its policies and algorithms in its App Store support its own products and stifle third-party applications. The letters come days after the Texas attorney general led a group of 50 attorneys general from US states and territories in a probe of whether Google abuses its market power in advertising. Apple and Facebook did not immediately respond to a request for comment, while Amazon did not immediately comment. Google referred to a blog post issued this week that said its services "create choice for consumers." The committee requested information from the companies' executives on market share, competitors, their largest customers for specific products and documents from other investigations. It asked Apple for information on the company's decision to remove some parental control apps from its App Store and its policy regarding whether iPhone users can set non-Apple apps as defaults, among other concerns about its App Store. The US Justice Department said in July it is investigating "whether and how" large tech companies in "search, social media, and some retail services online" are engaging in anticompetitive behaviour, an apparent reference to the same companies named by the House panel on Friday.

US House panel demands tech company emails in antitrust investigation

<p><a href="https://www.wionews.com/world/amazon-founder-jeff-bezos-divorce-final-with-38-billion-settlement-report-233449">Amazon founder Jeff Bezos</a> sold shares worth $1.8 billion in the last three days of July, reducing the value of his stake in the world's third most valuable company to about $110 billion.</p>

<p>The move by Bezos was part of a previously adopted trading plan and was revealed in regulatory filings that also showed that his former wife Mackenzie Bezos is now the online retailer's second largest individual shareholder.</p>

<p>Her stake, stemming from a divorce settlement of the pair's previous joint holdings, is currently worth more than $37 billion.</p>

<p>The numbers mean Bezos retains his pole position among the world's billionaires, while his former wife now ranks 23rd, according to Forbes data.</p>

<p>The couple announced their plan to divorce in a joint Twitter statement in January, and Amazon disclosed in April that 4% of its outstanding stock or 19.7 million shares would be registered in MacKenzie Bezos' name after court approval of the divorce.</p>

<p>The billionaire chief executive has said previously that he would sell stock worth about $1 billion each year to fund his r<a href="https://www.wionews.com/world/amazons-jeff-bezos-unveils-lunar-lander-project-blue-moon-217363">ocket company, Blue Origin</a>.</p>

<p>Blue Origin aims eventually to cut the cost of space flight to levels that would allow millions of people to live and work off Earth, Bezos has said.</p>


Amazon founder Jeff Bezos sold shares worth $1.8 billion in the last three days of July, reducing the value of his stake in the world's third most valuable company to about $110 billion.

Amazon founder Jeff Bezos sold shares worth $1.8 billion in the last three days of July, reducing the value of his stake in the world's third most valuable company to about $110 billion. The move by Bezos was part of a previously adopted trading plan and was revealed in regulatory filings that also showed that his former wife Mackenzie Bezos is now the online retailer's second largest individual shareholder. Her stake, stemming from a divorce settlement of the pair's previous joint holdings, is currently worth more than $37 billion. The numbers mean Bezos retains his pole position among the world's billionaires, while his former wife now ranks 23rd, according to Forbes data. The couple announced their plan to divorce in a joint Twitter statement in January, and Amazon disclosed in April that 4% of its outstanding stock or 19.7 million shares would be registered in MacKenzie Bezos' name after court approval of the divorce. The billionaire chief executive has said previously that he would sell stock worth about $1 billion each year to fund his rocket company, Blue Origin. Blue Origin aims eventually to cut the cost of space flight to levels that would allow millions of people to live and work off Earth, Bezos has said.

Jeff Bezos sells shares worth $1.8 billion in Amazon, still world's top billionaire

<p><a href="https://www.wionews.com/world/amazon-workers-in-germany-strike-over-pay-verdi-union-says-236173/amp">Amazon.com</a> Inc's &lt;AMZN.O&gt; Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other US <a href="https://www.google.com/url?client=internal-uds-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/business-economy/us-delegation-to-discuss-indias-new-e-commerce-rules-during-trade-talks-235262&amp;sa=U&amp;ved=2ahUKEwj0oZi0gbnjAhUMr48KHXruCrEQFjAEegQIAhAC&amp;usg=AOvVaw3a1jsroKojRA5VApIzrXx-">retail companies</a>, rivalling the Thanksgiving holiday's Black Friday as a driver of sales.</p>

<p>Walmart Inc &lt;WMT.N&gt;, Target Corp &lt;TGT.N&gt; and eBay Inc &lt;EBAY.O&gt; all run their own special promotions to coincide with the annual sale, which this year Amazon has stretched to two days.</p>

<p>Target announced deal days which will run on the same days like Prime Day - July 15 and 16. Walmart offered promotions from July 14th-17th, while eBay announced a July 15 "crash sale."</p>

<p>"As the awareness of this shopping moment continues to build, we see this as a great opportunity to showcase our competitive advantage on price and inventory," an eBay spokesperson said.</p>

<p>Amazon's break-neck pace of growth, which has seen increasing numbers of shoppers ordering online instead of going to brick-and-mortar stores, is pushing other retailers to respond as they seek to remain competitive.</p>

<p>"There is this enormous halo effect to Prime Day," said Jaysen Gillespie, head of analytics and data science at ads firm Criteo, adding that non-Amazon retailers should experience large increases both in traffic to their websites and in sales.</p>

<p>"The rest of the industry is taking advantage of the free marketing that Jeff Bezos is providing, and they should really send him a thank you card saying, 'Hey, thanks for the awareness marketing - we'll take care of the conversion and close the deal now on our websites.'"</p>

<p>Some retailers also flaunted no membership fees.</p>

<p>Customers have to join Amazon Prime to get discounts during the 48-hour event. US members of the club pay $119 per year for benefits including one-day shipping, and they tend to buy more goods, more often from the Seattle-based retailer.</p>

<p>The mid-summer shopping event is estimated to bring in $5.8 billion in sales this year for Amazon globally, compared to $3.9 billion last year, according to Coresight Research. Amazon does not disclose figures for revenue generated during Prime Day shopping events.</p>

<p>Chinese e-commerce giant Alibaba Group &lt;BABA.N&gt; reported sales of $30.8 billion during its 24-hour online retail frenzy Singles' Day in 2018.</p>

<p>Last year, when Prime Day lasted 36 hours and faced technical glitches, online shoppers bought more than 100 million products worldwide, at the time recording the largest daily sales for Amazon's own brand of Echo smart speakers, while the Fire TV Stick with Alexa Voice Remote and Echo Dot were the best-selling devices.</p>

<p>Other top-selling products around the world were table salt in India, Coke Zero and Kleenex tissues in Singapore and electric toothbrushes in China.</p>

<p>Pop star Lady Gaga announced a line of beauty products exclusively for sale on Amazon last week, which is available for pre-order during the promotional event.</p>

<p>"It's Christmas in July," said Tom Caporaso, chief executive of loyalty platform Clarus Commerce, citing company research that shows roughly 50% of consumers say they search other retailers to find the best price on Prime Day.</p>

<p>"That's telling you that consumers are definitely in the buying mode but are not 100% loyal to Amazon," he said.</p>

<p>To coincide with Prime Day, more than 2,000 workers at seven Amazon sites across Germany went on strike over pay and conditions for logistics workers for at least two days, labour union Verdi said on Monday.</p>

<p>Other protests have been planned across Europe and the United States, including at an Amazon warehouse in Shakopee in Minneapolis, where workers have scheduled a work stoppage and are demanding improved work conditions.</p>

<p>Employees are also calling on the company to do more to combat climate change and cut alleged business dealings with the United States Immigration and Customs Enforcement (ICE).</p>

<p>"Events like Prime Day have become an opportunity for our critics, including unions, to raise awareness for their cause, in this case, increased membership dues," an Amazon spokesperson said in a statement on Monday.</p>

<p>"These groups are conjuring misinformation to work in their favour, when in fact we already offer the things they purport to be their cause — industry leading pay of $15 per hour, benefits, and a safe workplace for our employees."</p>

<p>Democratic presidential candidates and US Senators Bernie Sanders and Elizabeth Warren on Twitter threw their support behind the striking workers.</p>

<p>Shares of Amazon edged up 0.4% on Nasdaq shortly before the close of trading.</p>


Amazon.com Inc's <AMZN.O> Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other US retail companies, rivalling the Thanksgiving holiday's Black Friday as a driver of sales.

Amazon.com Inc's <AMZN.O> Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other US retail companies, rivalling the Thanksgiving holiday's Black Friday as a driver of sales. Walmart Inc <WMT.N>, Target Corp <TGT.N> and eBay Inc <EBAY.O> all run their own special promotions to coincide with the annual sale, which this year Amazon has stretched to two days. Target announced deal days which will run on the same days like Prime Day - July 15 and 16. Walmart offered promotions from July 14th-17th, while eBay announced a July 15 "crash sale." "As the awareness of this shopping moment continues to build, we see this as a great opportunity to showcase our competitive advantage on price and inventory," an eBay spokesperson said. Amazon's break-neck pace of growth, which has seen increasing numbers of shoppers ordering online instead of going to brick-and-mortar stores, is pushing other retailers to respond as they seek to remain competitive. "There is this enormous halo effect to Prime Day," said Jaysen Gillespie, head of analytics and data science at ads firm Criteo, adding that non-Amazon retailers should experience large increases both in traffic to their websites and in sales. "The rest of the industry is taking advantage of the free marketing that Jeff Bezos is providing, and they should really send him a thank you card saying, 'Hey, thanks for the awareness marketing - we'll take care of the conversion and close the deal now on our websites.'" Some retailers also flaunted no membership fees. Customers have to join Amazon Prime to get discounts during the 48-hour event. US members of the club pay $119 per year for benefits including one-day shipping, and they tend to buy more goods, more often from the Seattle-based retailer. The mid-summer shopping event is estimated to bring in $5.8 billion in sales this year for Amazon globally, compared to $3.9 billion last year, according to Coresight Research. Amazon does not disclose figures for revenue generated during Prime Day shopping events. Chinese e-commerce giant Alibaba Group <BABA.N> reported sales of $30.8 billion during its 24-hour online retail frenzy Singles' Day in 2018. Last year, when Prime Day lasted 36 hours and faced technical glitches, online shoppers bought more than 100 million products worldwide, at the time recording the largest daily sales for Amazon's own brand of Echo smart speakers, while the Fire TV Stick with Alexa Voice Remote and Echo Dot were the best-selling devices. Other top-selling products around the world were table salt in India, Coke Zero and Kleenex tissues in Singapore and electric toothbrushes in China. Pop star Lady Gaga announced a line of beauty products exclusively for sale on Amazon last week, which is available for pre-order during the promotional event. "It's Christmas in July," said Tom Caporaso, chief executive of loyalty platform Clarus Commerce, citing company research that shows roughly 50% of consumers say they search other retailers to find the best price on Prime Day. "That's telling you that consumers are definitely in the buying mode but are not 100% loyal to Amazon," he said. To coincide with Prime Day, more than 2,000 workers at seven Amazon sites across Germany went on strike over pay and conditions for logistics workers for at least two days, labour union Verdi said on Monday. Other protests have been planned across Europe and the United States, including at an Amazon warehouse in Shakopee in Minneapolis, where workers have scheduled a work stoppage and are demanding improved work conditions. Employees are also calling on the company to do more to combat climate change and cut alleged business dealings with the United States Immigration and Customs Enforcement (ICE). "Events like Prime Day have become an opportunity for our critics, including unions, to raise awareness for their cause, in this case, increased membership dues," an Amazon spokesperson said in a statement on Monday. "These groups are conjuring misinformation to work in their favour, when in fact we already offer the things they purport to be their cause — industry leading pay of $15 per hour, benefits, and a safe workplace for our employees." Democratic presidential candidates and US Senators Bernie Sanders and Elizabeth Warren on Twitter threw their support behind the striking workers. Shares of Amazon edged up 0.4% on Nasdaq shortly before the close of trading.

Amazon rivals ride on Prime Day marketing as protests unfold

<p>Amazon founder Jeff Bezos' divorce from his wife of 25 years, <a href="https://www.wionews.com/world/jeff-bezos-ex-wife-cedes-control-of-amazon-in-divorce-deal-208021">MacKenzie Bezos</a>, was finalised by a Seattle-area judge on Friday, paving the way for her to receive $38.3 billion worth of Amazon stock, Bloomberg reported.</p>

<p>In April, Amazon, the world's biggest online retailer, said in a filing that 4% of its outstanding stock or 19.7 million shares would be registered in MacKenzie Bezos' name after court approval of the divorce.</p>

<p>The couple announced their plan to divorce in a joint Twitter statement in January, causing some to worry that Jeff Bezos could wind up with reduced Amazon voting power or that he or MacKenzie would liquidate a large position.</p>

<p>He retains a 12% stake worth $114.8 billion and remains the world's richest person, Bloomberg said. MacKenzie Bezos has said she would give him voting control of her shares.</p>

<p><strong>Watch:&nbsp;Forbes billionaire list announces Amazon founder as 'Richest man on Planet'</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/forbes-billionaire-list-announces-amazon-founder-as-richest-man-on-planet-9042/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>MacKenzie in May pledged to give half her fortune to charity to join the "Giving Pledge," a campaign announced by billionaire Warren Buffett and Microsoft Corp co-founder Bill Gates in 2010.</p>


Amazon founder Jeff Bezos' divorce from his wife of 25 years, MacKenzie Bezos, was finalised by a Seattle-area judge on Friday, paving the way for her to receive $38.

Amazon founder Jeff Bezos' divorce from his wife of 25 years, MacKenzie Bezos, was finalised by a Seattle-area judge on Friday, paving the way for her to receive $38.3 billion worth of Amazon stock, Bloomberg reported. In April, Amazon, the world's biggest online retailer, said in a filing that 4% of its outstanding stock or 19.7 million shares would be registered in MacKenzie Bezos' name after court approval of the divorce. The couple announced their plan to divorce in a joint Twitter statement in January, causing some to worry that Jeff Bezos could wind up with reduced Amazon voting power or that he or MacKenzie would liquidate a large position. He retains a 12% stake worth $114.8 billion and remains the world's richest person, Bloomberg said. MacKenzie Bezos has said she would give him voting control of her shares. Watch: Forbes billionaire list announces Amazon founder as 'Richest man on Planet' MacKenzie in May pledged to give half her fortune to charity to join the "Giving Pledge," a campaign announced by billionaire Warren Buffett and Microsoft Corp co-founder Bill Gates in 2010.

Amazon founder Jeff Bezos' divorce final with $38 billion settlement: Report

According to reports, MacKenzie Bezos, the former wife of Amazon CEO Jeff Bezos, pledged on to give half her $36 billion fortune to charity. Watch this video to know more.

MacKenzie Bezos donates half her fortune

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