Starbucks Corp beat Wall Street estimates on Tuesday for quarterly profits, powered by a sharp recovery in business in China, but shares fell about 6% in after-hours trading after the company did not …
Monthly Archives For May 2023
China’s hotels get a Labour Day holiday windfall, raising room rates up to tenfold to cash in on post-Covid travel surge
Hotels in China have hit the jackpot during the Labour Day holiday … needs of vast numbers of tourists after three years of travel curbs to fend off the Covid-19 pandemic. “Soaring hotel room prices…
In China, it’s time to splurge again. The luxury industry is relieved
At this time last year, Shanghai’s glittering high-end malls and stores stood practically empty because of the COVID lockdown. Today it is a different story.
Beijing should pressure Russia to end the war in Ukraine, US Ambassador to China says
The United States believes that China should exert pressure on Moscow to stop its invasion, U.S. Ambassador to China, Nicholas Burns, said on May 2, as reported by CNN.
A downed US jet, a bombed embassy, and 25 years of rumors about how China built its first stealth fighter
As China’s fleet of J-20 stealth fighter jets grows, so do suspicions about where Beijing got the technology for it.
China’s Big Troubles: Its Days As Global Go-To Manufacturer May Be Coming To An End
American manufacturers and its work force know the pain. Political strife and reshifting of supply chains is bad news for China.
Starbucks says it is seeing demand heat up as China recovers
Starbucks posted stronger-than-expected sales in its fiscal second quarter as demand in China began to recover and it opened nearly 500 new stores around the world. The Seattle coffee giant said …
Starbucks sales top estimates on demand recovery in China
Starbucks Corp beat Wall Street estimates for quarterly comparable sales on Tuesday, powered by a sharp recovery in business in China and steady demand for its coffees and cold drinks in North America …
For Starbucks Earnings, All Eyes Are on Guidance and China
Underperformance in China prompted the company to miss earnings expectations last quarter. Analysts don’t see the same thing happening this time around.
China Covid-19 whistleblower returns home to Wuhan after jail
Fang Bin is one of several so-called citizen journalists who disappeared after sharing videos of scenes in Wuhan, the epicentre of the pandemic.
Ireland Criticizes Beijing in Departure From Macron’s China Push
Ireland’s foreign minister criticized China on human rights and its stance over Russia’s war in Ukraine and rejected the idea that Europe is being squeezed between Beijing and Washington.Most Read …
New world disorder: China, Russia bloc shores up influence as countries eager to join, including US allies
The BRICS economic bloc has also explored the possibility of creating a new common currency to provide to members, potentially threatening U.S. dollar dominance.
U.S. ambassador to China says the U.S. is ready for high-level talks with Chinese
Comments by Ambassador Nicholas Burns were the clearest signal yet that the Biden administration wants to restore a broader dialogue with China amid tensions.
