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Starbucks is losing its prime spot among chains racing to meet China’s growing thirst for coffee.
Luckin Coffee has surpassed Starbucks as China’s biggest coffee chain by sales and units, company reports show, a comeback for the Chinese company after an accounting scandal that stalled its growth.
How Starbucks Lost the Top…
Longines CEO Matthias Breschan at the opening of a new boutique for the Swiss watch brand in Vienna on September 28, 2023. Andreas Tischler / Picturedesk.com
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This content was published on November 18, 2023 – 11:00
Philippe Monnier
Unlike other Swiss watchmakers, Longines enjoyed good growth in China this year.
‘Buying a watch…
Alphabet, the $1.7trn (£1.4trn) technology behemoth which owns Google, is in talks to take a stake in Monzo, one of Britain’s biggest digital retail banks.
Sky News has learnt that Capital G, an investment fund which deploys capital into fast-growing tech companies, is close to an agreement to lead a funding round that will…
Part 3/24 | Explore Business Immigration In Hong Kong With Our In-Depth…
Taiwan’s APEC envoy Morris Chang said on Friday that he had informal interactions with U.S. President Joe Biden and discussions with Secretary of State Antony Blinken at a summit in San Francisco, but none with Chinese President Xi Jinping. Chinese-claimed Taiwan, which takes part in the Asia-Pacific Economic Cooperation forum as “Chinese Taipei”…
APEC leaders have worked together to find ways to build inclusive, resilient, and sustainable economies for the Asia Pacific, US President Joe Biden said on Friday at the conclusion of the annual leadership summit here.
Attended by leaders from the Asia Pacific region, including those from China, Japan, South Korea, Chile, Peru, Indonesia,…
Those cutting through discussions on global power politics have been making blasé assumptions about the end game of the Russia-Ukraine war. The initial expectation that the Russian military would overrun Ukraine in weeks has been belied. Russia’s image as a superpower, barely two years into the war, appears dented.
Reports of…
Six weeks after the eruption of the war in Gaza with the attack by Hamas on Israel, social media platforms are still caught in the maelstrom, struggling to control content and withstand user fury.
TikTok and X, formerly Twitter, were swept up in controversies this week, one involving an unearthing of a two-decade…
Cadillac has officially revealed its Optiq, its entry-level electric SUV, at the Guangzhou motor show.
Images and some specifications of the Tesla Model Y and BMW iX3 rival appeared online earlier this year in a filing with the Chinese Ministry of Industry and Information Technology (MIIT).
Cadillac Optiq revealed as luxurious Tesla…
It took 40 days for the UN Security Council to come up with a form of words to address the spiral of violence in the Middle East.
In that time, some 12,000 people were killed.
On Wednesday, a call for “extended humanitarian pauses for a sufficient number of days” squeaked through the Council, this…
