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Starbucks quarterly global sales drop larger than expected on China weakness

Starbucks reported a bigger-than-expected drop in third-quarter comparable sales on Tuesday, dragged by stubbornly weak demand in the U.S. and a 14% drop in its second-biggest market, China.

The Washington Post · 35m

Starbucks quarterly revenue falls on weak traffic in US, China

Starbucks said higher spending per visit helped offset a slowdown in traffic. But the company pointed out some positive signs, including a 7

Houston Chronicle · 35m

Alert: Starbucks’ revenue fell in the April-June period as customer traffic weakened in the US and China

Starbucks’ revenue fell in the April-June period as customer traffic weakened in the US and China. While most Americans are focused on dazzling northern lights, infrastructure experts

China, Flagging Economy

Associated Press on MSN · 11h

China’s top leaders vow to support consumers and improve confidence in its slowing economy

China’s powerful Politburo has endorsed the ruling Communist Party's strategy for growing the economy by encouraging more consumer spending and weeding out unproductive companies to promote “survival of the fittest.

The Wall Street Journal on MSN · 12h

China Pledges Steps to Shore Up Flagging Economy

Chinese leaders said they would take more aggressive steps to boost consumer spending and head off a worsening set of economic challenges.

Reuters · 13h

China's leaders vow to step up policy support for economy

China will step up policy support for the economy, focusing on boosting consumption to expand domestic demand, the Politburo, the top decision-making body of the ruling Communist Party, was quoted by state media as saying on Tuesday.

Typhoon remnants, China

The Associated Press on MSN · 14h

China reports 7 more deaths from torrential rains brought by tropical storm, raising toll to 22

Chinese state media say torrential rains have left seven people dead and three others missing in the country's southeast, raising the death toll from a tropical storm to 22

Reuters on MSN · 15h

Typhoon remnants bring rains, floods that kill four in China

Torrential rain and floods killed four people and spurred the evacuation of thousands from homes in China's southern province of Hunan, lashed by record rainfall from the remnants of Typhoon Gaemi, state media said on Tuesday.

Arkansas Democrat-Gazette · 1d

Mudslide kills 15 in China amid heavy rain

Fifteen people were killed after a mudslide hit a homestay house in a tourist area in southeastern China on Sunday as heavy rains from what remained of a tropical storm drenched the region, state media said.

Philippines, China

The New York Times · 8h

U.S. Pledges $500 Million in New Military Aid to the Philippines, as China Asserts Sea Claims

Secretary of State Antony J. Blinken and Defense Secretary Lloyd J. Austin III warned Beijing against engaging in hostilities with U.S. allies in the South and East China Seas.

The Washington Post · 18h

US boosts alliance with the Philippines with $500 million funding and pact amid concern over China

Washington officials in Manila have announced $500 million in funding to boost Philippine defenses and progress in a proposed military intelligence-sharing pact amid shared concerns over China’s incre

Reuters on MSN · 5h

US pledges funds to boost Philippine defences amid China disputes

The United States on Tuesday pledged funding of $500 million for the Philippines' military and coast guard in a big show of support for Manila as it faces Chinese actions in disputed waters in the South China Sea.

Oil, China

Reuters on MSN · 6h

Oil drops to two-month low as China concerns weigh

Oil traded at its lowest levels since early June on Tuesday as worries about demand in China offset the prospect of lower U.S. crude and product inventories. Brent crude fell by 77 cents, or 0.97%, to $79.

MarketWatch on MSN · 9h

Oil prices remain soft, unable to shake worries over China demand outlook

Oil futures hovered near unchanged early Tuesday, unable to shake off recent weakness tied to concerns about the outlook for demand from China, the world’s largest crude importer.

Bloomberg L.P. · 17h

China Offers Little for Oil Bulls With Demand Seen Sluggish

Oil bulls hoping for a second-half demand spurt from China are likely heading for disappointment as economic weakness persists and the adoption of new energy vehicles continues apace.

3hon MSN

US must expand nuclear arsenal in face of Russia and China threat, warns top Obama defense adviser

A top nuclear defense expert in the Obama administration is now sounding the alarm that the U.S. must ramp up its nuclear ...

China's BYD explores Canadian auto market entry -regulatory filing

Chinese EV maker BYD , is looking to enter the Canadian automotive market, according to a regulatory document filed earlier ...

Why Are There Fears of War in the South China Sea?

China claims most of the strategic waterway and is trying to push out neighbors like the Philippines. Any deadly mistake ...

4hon MSN

Stellantis ships to Europe first fully electric cars produced in venture with China's Leapmotor

Carmaker Stellantis has shipped the first electric vehicles produced under a joint venture with China’s Leapmotor to Europe, ...

8hon MSN

Reporter's Notebook: Eyewitness to Taiwan's annual military drills amid growing China threat

Fox News correspondent Alex Hogan was in Taiwan to report on the country's annual war drills, known as Han Kuang, amid ...

3hon MSN

Olympics-Table Tennis-China gold medalist Wang's joy cut short by paparazzi paddle accident

By Krystal Hu Paris - China's 24-year-old table tennis player Wang Chuqin was overjoyed after securing his first Olympic gold ...

The New Yorker10h

Reimagining China in Tokyo

A new community of expats is opening bookstores, attending lectures, and imagining alternatives to Xi from the relative ...

8hon MSN

In South China Sea, a U.S. Ally Navigates Deal With China

The Philippines conducted one resupply run without incident under its new understanding with China, but the two sides have ...

22h

China Makes New Move to Obscure Overseas Funds

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers ...

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