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But the more interesting rivalry was on display in the exhibit hall, where representatives of Amazon Web Services, — the leading public cloud vendor and Microsoft Azure competitor — were talking to attendees in the middle of a conference focused largely on Microsoft database technologies. Amazon was a gold sponsor of the event, with reserved seats up front for the keynote.

But still there will be plenty of investment opportunities in China driven by digitalization, innovation and rising income, Youngkin said. Therefore, consumer and retail, healthcare, especially health technology, financial services and insurance, and the global energy industry are the sectors likely to promise higher returns, he said.

But the online preview of the segment really caught our attention by promising a “big surprise” from Jeff Bezos. Charlie Rose, who interviewed the Amazon CEO in Seattle for the segment, says in the preview that Bezos kept telling them he had “something he wanted to unveil for the first time.”

But the senior executive warned that the pandemic could crimp global smartphone markets for the whole year.

But the price of oil, a proxy for future economic activity, has rebounded from its low as investors bet on increased demand ahead.