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Business group urges more sustainable economic relationship, eased frictions
But Amazon has an advantage over those competitors, in that it can leverage growing profits from its Amazon Web Services cloud computing division to allow its e-commerce operations to run on thin profit margins. Amazon as a whole posted operating profits of .8 billion in the fourth quarter, and Amazon Web Services was responsible for .1 billion of those profits, or roughly 55 percent.
But Amazon’s Prime membership also offers plenty of other perks beyond the discounted same-day and 2-hour shipping costs. They include?free 2-day shipping on millions of items;?vast video, music, and book libraries; audio programming;?cloud storage;?and more. Plus,?a study from July by Consumer Intelligence Research Partners (CIRP)?estimated Amazon’s Prime program had reached 63 million members in the U.S. — that’s a number Google says it now?reaches?with Google Express.
Briefing his Russian counterpart about Pakistani Prime Minister Imran Khan's global initiative for debt relief for developing countries, Qureshi underscored that "coordinated and comprehensive actions were essential to create fiscal space needed by the developing world to deal with the socio-economic impacts of COVID-19," said the statement.
Built-in features include an email client that can integrate multiple accounts, the Amazon Silk web browser, plus access to Android app and games. And Kindle books, of course.