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Amazon’s new protocol

Amid uncertain prospecst of the pandemic, a steep fall in oil prices and global financial market turbulence, emerging markets are facing record-high capital outflows. Many heavily-indebted countries found it harder to service their debts, and have applied for assistance from the IMF. Some developing countries have limited policy capacity to cope with the health crisis, and they need more support from the international community, Zhu added.

Amid the unexpected epidemic, a large group of SMEs are facing bottlenecks in resuming normal orders, mainly due to labor shortages and supply chain issues. Ant Financial, a unit of e-commerce giant Alibaba Group Holding, said in a recent report that nearly 80 percent of the SMEs are in urgent need of funds.

Amazon’s announcement touting its payment service comes two week after PayPal CEO Dan Schulman told Bloomberg News the companies had discussed allowing Amazon customers to pay with PayPal. Amazon declined to comment for that report. Paypal had more than 197 million active users as of the end of the year.

Among concerns is that burning ammonia produces polluting nitrogen oxides, which modern coal-fired plants are built to capture, but would require adaptations at gas power stations.