Tuesday , November 26 2024

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Starbucks beats profit estimates despite hit to China business

Starbucks beats profit estimates despite hit to China business

Starbucks Corp beat Wall Street estimates for quarterly profit on Tuesday as higher prices and strong demand for its coffees in the United States helped offset a hit to business in China from renewed Covid-19 lockdowns. Despite record inflation in the United States that ate in to Starbucks’ operating margin, …

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Pelosi arrives in Taiwan vowing U.S. commitment; China enraged

Pelosi arrives in Taiwan vowing U.S. commitment; China enraged

U.S. House of Representatives Speaker Nancy Pelosi arrived in Taiwan late on Tuesday on a trip she said shows an unwavering American commitment to the Chinese-claimed self-ruled island, but China condemned the highest-level U.S. visit in 25 years as a threat to peace and stability in the Taiwan Strait. Pelosi …

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Property market enjoys lively M&As in first 7 months

Vietnam’s property market, including the industrial, residential and office segments, saw vibrant merger and acquisition activities in the first seven months as companies pour big bucks into potential projects. In mid-July, CapitaLand Development, a unit of Singapore-based property developer CapitaLand, bought eight hectares of land in Thu Duc City to …

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