Global Trade and Business

Fountainvest Partners and PAG are among buyout firms interested in acquiring a stake in Starbucks’ (SBUX.O), opens new tab China business, four sources said, as the U.S. coffee chain looks to revive flagging sales in its second-largest market. Chinese companies, including state-owned conglomerate China Resources Holdings and food delivery giant Meituan (3690.HK), opens new tab, have also […]

U.S. President Donald Trump said on Wednesday he will announce tariffs related to lumber, cars, semiconductors and pharmaceuticals “over the next month or sooner.” By Reuters reports “I’m going to be announcing tariffs on cars and semiconductors and chips and pharmaceuticals, drugs and pharmaceuticals and lumber, probably and some other things over the next month […]

China’s pain threshold for tariffs is “a lot lower” than the U.S.’, according to Stephen Moore, a former economic advisor to U.S. President Donald Trump. Speaking at a Delivering Alpha event in Dubai, Moore said that China was Trump’s main target regarding tariffs. He described the foreign economic policy as a “negotiating tool” from the […]

US President Donald Trump has suspended tariffs on small packages from China, after his sudden order ending duty-free treatment for shipments worth less than $800 (£645) left the US postal service and other agencies scrambling to comply. BBC reports said The postal service temporarily stopped accepting packages from China as a result of the order, […]

The government has defended its negotiations with AstraZeneca, after the pharmaceutical giant ditched a planned £450m investment last week, blaming a shortfall in government funding. BBC reports Science minister Sir Chris Bryant told Parliament that the government had made a “significant offer” of support to the firm, but doing more “simply didn’t add up for […]