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Tech companies definitely remember outsourcing

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Despite the best labour market in a generation, Americans remain worried about the future of employment. Lately, the big worry is automation of jobs. Experiments like Amazon Go’s cashier-less store will perpetuate this anxiety. Americans perhaps should be more worried about an old-fashioned employment maneuver, however: outsourcing. The tech sector is already leading the way. Outsourcing tech jobs is nothing ...

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Amazon sweepstakes can be great for the losers

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The saga of Amazon.com Inc.’s search for a home for its second headquarters continues. The online retail giant recently announced that it has narrowed the field down to 20 cities. I’m happy to see that Raleigh, North Carolina, my own top pick, made the list. But there’s a worry that the scramble to lure HQ2 will give rise to wasteful ...

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Aramco swapping Saudi oil for fuel to tap new markets

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Bloomberg Saudi Aramco’s trading unit started swapping the kingdom’s crude oil for products refined in other countries, allowing the company to tap new markets, according to its chief executive officer. The company has supplied crude to refiners in the Mediterranean region and gotten fuel in return, Ibrahim Al-Buainain, chief executive officer of Saudi Aramco Products Trading Co., said by phone. ...

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