Author: Press Room

After eight months at the helm, the new CEO is stirring things up at the coffee chain with a careful eye towards global expansion and beyond. By Maneet Ahuja, Forbes Staff It’s a sunny fall afternoon in New York and Starbucks CEO Laxman Narasimhan is huddled in a conference room flanked by velvet green curtains in the basement of the Empire State Building. To be fair, it’s not just any basement—it’s the bottom floor of a newly opened three-story Starbucks Reserve location. There’s a steady background echo of customer activity outside his makeshift office as a barista enters the cavernous…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The BBC has so far failed to move its promised spending on music and radio out of London to fund projects in other parts of the UK, according to the public spending watchdog. The National Audit Office said on Friday that although the broadcaster had hit many targets as part of its six-year plan since 2021 to decentralise operations, it made little change to its regional radio and music budget.The watchdog’s report assessed the progress made by the corporation in the first…

© Reuters. Photographers take photos near a large screen showing stock prices at the Tokyo Stock Exchange (TSE) after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon/File Photo By Stella Qiu SYDNEY (Reuters) – Asian shares were dragged lower by China on Friday amid little guidance from Wall Street which was closed for a holiday, while the dollar remained on the back foot as investors bet U.S. rates have peaked. The yen was little changed after data showed that Japan’s core consumer inflation picked up again in October, although by less than expected, and factory activity shrank for…

© Reuters. SINGAPORE – The Singapore stock market experienced a mixed performance with the Straits Times Index (STI) witnessing fluctuations amid various corporate developments. In early trading today, the STI decreased to 3,105.08 points as major banks reported losses. DBS Group (OTC:) Holdings Ltd (SGX:D05) sank to S$31.80, United Overseas Bank (OTC:) Ltd (SGX:U11) fell to S$27.27, and Oversea-Chinese Banking Corp (SGX:O39) dropped to S$12.71. This dip comes as the US markets were closed for Thanksgiving, potentially impacting investor sentiment. In contrast, Biolidics Limited (SGX:8YY) saw its shares spike by 15.4%, hitting S$0.015 with a significant trade volume of 4.1…

The global beef market is experiencing a notable divergence, with North American cattle markets displaying resilience while southern hemisphere countries face significant price drops, according to the latest Rabobank Beef Quarterly Report. The report highlights a stable price environment in the United States and a 3% increase in Canada between June and October, contrasting sharply with the southern hemisphere’s steep declines. In Australia, beef prices have plummeted by 28%, with New Zealand and Brazil also experiencing downturns. Despite these countries ramping up production, it hasn’t been sufficient to compensate for reduced outputs in Europe and the US. New Zealand did…

© Reuters. The New Zealand dollar (NZD) sustained its upward momentum against the US dollar (USD) today, maintaining its position in the mid-0.6000s for the second consecutive day. This steady climb is underpinned by New Zealand’s third-quarter retail sales data, which defied expectations by remaining flat, contrasting with an anticipated decline of 0.8%. Adding to the NZD’s strength, retail sales excluding vehicles saw a notable increase of 1%, significantly outperforming the forecasted 1.5% contraction. Earlier this week, the pair hit its highest point since August 10, although it has not managed to break above this peak since then. The slight…

Democrat rep pulls fire alarm Fox News obtained video of Rep. Jamaal Bowman of New York pulling a fire alarm inside a Capitol Hill office building. The House Ethics Committee voted against opening an investigation into Rep. Jamaal Bowman, D-N.Y., for pulling a fire alarm in a House of Representatives building ahead of a critical vote in September to avert a government shutdown.The committee’s decision comes just a few weeks after Bowman pleaded guilty to a misdemeanor charge in Washington, D.C.Since a majority of the House did not vote to launch an ethics investigation, lawmakers “did not agree to establish…

Black Friday and Cyber Monday are full of deals this year, both online and in-store. It can be easy to fall into a scam online if you aren’t careful.Simple tips and tricks can help you save more and stay safe this shopping season.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app It’s the holiday season, which now, for many, also means it’s the shopping season.While looking for gifts for people you love can feel overwhelming, don’t let yourself get caught up in the craze. Below…

With 26mn followers across China, Jerry Kowal, a Shanghai-based American video blogger, or vlogger, knows well what messages cut through to a Chinese audience.It is a knack Kowal demonstrated in early 2021 as the coronavirus pandemic raged around the world. Flying in from San Francisco, Kowal — who speaks fluent but accented Mandarin Chinese — berated the US response to Covid-19 while lavishing praise on China’s strict pandemic lockdown.“I’m happy. I feel a sense of freedom,” Kowal said as he arrived in Shanghai in a video that went viral on Chinese social media. “This is the most organised Covid prevention…

© Reuters. Workers walk past new Chinese cars unloaded from a ship at a commercial port in Vladivostok, Russia August 25, 2023. REUTERS/Tatiana Meel/File Photo BEIJING (Reuters) – China hopes Russia will give policy support for Chinese automobile enterprises to produce, sell and operate in Russia, Chinese state media cited China’s ambassador to Russia as saying on Friday. China will promote Chinese and Russian integration in the automotive industry supply chain, Ambassador Zhang Hanhui was cited as saying. China is also willing to continue to give full play to the supply advantages of China’s automobile industry and continue to develop…