Illustration: Sarah Grillo/Axios

With a new $1 billion investment, Amazon is doubling down on its India bet.

The big picture: India has the world's fastest growing e-commerce market, and retail giants from America and China are battling each other as well as homegrown Indian rivals to dominate it.

This week, Jeff Bezos donned traditional garb and visited Delhi for a two-day event with Amazon India and local sellers. He announced a $1 billion investment toward digitizing small businesses in India and bringing 10 million of them online by 2025, per Quartz.

  • Add that to the nearly $6 billion Amazon has already poured into India.

Background: As we've reported, Amazon has become a target for activists and regulators alike, and that turbulence followed Bezos to India. People gathered near where Bezos was speaking to protest the investment, saying Amazon's discounts will put smaller retailers out of business. At the same time, India's antitrust regulator has opened an investigation into the e-commerce behemoth.

Go deeper: Amazon hits a speed bump with India's new e-commerce rules

Go deeper

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China and Iran have negotiated a deal that would see massive investments flow into Iran, oil flow out, and collaboration increase on defense and intelligence.

Why it matters: If the proposals become reality, Chinese cash, telecom infrastructure, railways and ports could offer new life to Iran’s sanctions-choked economy — or, critics fear, leave it inescapably beholden to Beijing.

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House Judiciary Committee releases transcript of Geoffrey Berman testimony

Geoffrey Berman. Photo: Alex Wong/Getty Images

The House Judiciary Committee on Monday released the transcript of its closed-door interview with Geoffrey Berman, the former top federal prosecutor in Manhattan who was forced out by Attorney General Bill Barr last month.

Why it matters: House Democrats have seized on Berman's testimony, in which he claimed the attorney general sought to "entice" him into resigning so that he could be replaced by SEC chairman Jay Clayton, to bolster allegations that the Justice Department has been politicized under Barr.