Bloomberg An influential New York Democrat has written to Amazon.com Inc asking about a report that the company plans to cease wholesale orders from thousands of smaller suppliers. US Representative Nydia Velazquez, chairwoman of the House Committee on Small Business, wrote to Amazon Chief Executive Officer Jeff Bezos asking about the nature of his company’s relationship with small suppliers, whether ...

Bloomberg Starbucks Corp this month will begin a first-of-its kind trial of reusable cups at London’s Gatwick airport. People drink a lot of coffee at airports. Gatwick says it already recycles a majority of the 7 million disposable coffee cups that travellers use each year. The airport wants to improve on that, and reusable cups potentially have a lower carbon ...

Bloomberg Boeing Co has been negotiating one of the largest orders ever of wide-body jetliners with Chinese airlines even as tensions between Washington and Beijing escalate, say people familiar with the talks. The discussions centre on about 100 twin-aisle jets: 787 Dreamliners as well as 777X planes, the newest long-range aircraft in Boeing’s lineup, said one of the people, who ...

Bloomberg After days of wrangling over the wording of a communique, finance chiefs from the world’s largest economies warned that escalating trade and geopolitical tensions pose the biggest risk to global growth. Officials said that although growth appears to be stabilising, it “remains low and risks remain tilted to the downside,” according to the statement. “Most importantly, trade and geopolitical ...

Dubai / Emirates Business The headline seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index (PMI) — a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy — rose to 59.4 in May from 57.6 in April. This was the third successive monthly increase in the index, with the latest reading signalling a ...

Bloomberg US crude explorers reduced drilling to a 15-month low as oil dipped into bear-market territory. Working American oil rigs fell by 11 this week to 789, according to data released by oilfield-services provider Baker Hughes. More than half the decline happened in the Permian Basin, the biggest source of American crude. Crude futures traded in New York fell into ...

Bloomberg China’s Trina Solar Ltd., one of largest panel manufacturers, says it’s well insulated from the growing trade dispute with the US. The reason: the last trade dispute with the US. When the US imposed anti-dumping penalties on solar panels imported from China under President Barack Obama, Trina built factories in Thailand and Vietnam to serve American customers, said Steven ...

Bloomberg For all the shine and sophistication, for all the jargon, robots and quants, financial markets are still only this: Buyers buying and sellers selling, times a billion. Behind every trade — perhaps far behind — there is an actual human person. Two, in fact. And because humans disagree a lot, markets do too. And do they ever disagree just ...

Bloomberg Middle East stocks generally advanced on Sunday, catching up with emerging-market peers, as traders returned to work following holidays. Gauges in Saudi Arabia, Dubai, Kuwait, Bahrain, Oman and Egypt climbed following last week’s increase for the MSCI Emerging Markets Index. Stock exchanges in the Arab world were closed for most of last week due to Eid al-Fitr, the holiday ...

Bloomberg Goldman Sachs Group Inc expects the yuan to weaken past 7 per dollar in the next three months — a level the currency hasn’t breached in more than a decade. The bank revised its forecasts for the yuan against the dollar because it sees the currency’s decline as a natural offset to higher US tariffs, even if policymakers are ...