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Amazon reportedly in talks to buy Indian online grocer BigBasket
The preliminary discussions between Amazon and BigBasket — India’s largest online grocer — are at an early stage and may not lead to a sale, according to people familiar with the matter.
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Global brand Nike will try to go local
Facing pressure from investors and competitors, Nike said it is shaking up its organization to focus more on consumers in just a dozen cities around the world and on releasing new products faster in...
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Starbucks pledges to hire 2,500 refugees in eight markets
On World Refugee Day, the company said it will hire 2,500 refugees by over five years to work in eight European markets: Great Britain, France, Austria, Switzerland, Spain, Portugal, Germany and the...
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U.S. imposes additional tariffs on Canadian lumber as dispute escalates
Trade tensions rise between the world’s largest softwood lumber exporter and its biggest market, as U.S. Secretary of Commerce Wilbur Ross says he will “stand up for American companies and their workers.”
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Seaport Alliance keeps up strong showing in May
East Coast ports may be seeing benefits from the Panama Canal, but that hasn't stopped improving ship volumes at the biggest Puget Sound ports.
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Seattle, Tacoma ports avoid impact of cyberattack, so far
Malware hit port terminals here but workarounds were implemented. Some other places, and the global supply chain, weren't as fortunate.
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Lawmakers seek keep closer tabs on Chinese money in U.S.
The push would expand the powers of a little-known but important panel — the Committee on Foreign Investment in the United States, or CFIUS — that can effectively block foreign deals for U.S. companies...
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Movie studios’ foreign sales turn box-office kryptonite into wins
Hollywood studios have had a lackluster season but don’t expect them to stop churning out more bombs. That’s because as badly as so many franchise films and reboots have done in the U.S. market,...
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Malaysia, Indonesia Muslim groups call for Starbucks boycott
JAKARTA, Indonesia (AP) — Muslim groups in Malaysia and Indonesia have called for a boycott of Starbucks because of the coffee chain’s support for LGBT rights. Malaysian group Perkasa, which supports a...
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US trade deficit fell in May as exports hit 2-year high
WASHINGTON (AP) — The U.S. trade deficit narrowed in May, and the politically sensitive trade gap with China also slid. The Commerce Department said Thursday that the U.S. deficit in the trade of goods...
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Let’s hope bashing of global trade is just talk
President Donald Trump wants to make “America First” by a major course change on trade. But the closer economic connections among nations have been a boon to many Americans, especially here. A...
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Tim Hortons franchisees fret coffee chain is losing its Canadian culture
A coalition representing half the chain’s Canadian franchisees has filed a class-action suit against corporate owner Restaurant Brands, which also owns Burger King and Popeyes, saying it is hurting...
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Don’t forget Mexico as a major Washington trade partner
As every schoolchild should know, China is Washington’s largest trading partner. In 2016, it accounted for more than $16 billion of the state’s $79.6 billion in merchandise exports. But President...
View ArticleWhat does Seattle’s Mexican consul think about Trump, trade and immigration?
The Mexican Consul in Seattle has been telling Mexicans here to "be calm, but be prepared."
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China disrupts Facebook’s WhatsApp service in online clampdown
The disruption is the latest in a long line of big digital services running up against China’s “Great Firewall” of internet controls. The online crackdown appears to be fed by a perfect storm of...
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In urban China, smartphone payments are the way to go
Almost everyone in major Chinese cities is using a smartphone to pay for just about everything. Cash is an almost remote option.
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Republican leaders give up on border-adjusted tax on imports
While several Republican leaders had spent more than a year championing the border-adjusted tax, and Boeing had lobbied strongly for such a tax, retailers’ groups had strenuously opposed the measure.
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Democrats’ trade policies aim to regain advantage from Trump
WASHINGTON (AP) — Senate Democrats offered a new set of trade policies Wednesday aimed at appealing to working-class voters and regaining advantage on an issue that Donald Trump seized to great effect...
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Washington trade still caught in slipstream of world slowdown
Persistent sluggishness in world trade, along with a slowdown in commercial airplanes, again put the brakes on America's most trade-dependent state.
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The dollar and Trump: A currency safe haven is feeling less safe
Since the beginning of the year, the dollar has surrendered nearly 8 percent against a basket of major currencies.
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