President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Despite the seeming ubiquity of McDonald's Golden Arches and the Starbucks' twin-tailed mermaid, sandwich chain Subway actually has the most locations of any restaurant worldwide. In 2017, Subway had 43,912 stores around the world, beating second-place McDonald's at 37,241 and third-place Starbucks at 27,339 locations.
This number, however, belies the economic reality: while McDonald's and Starbucks have mostly grown their sales every year for the last five years, Subway sales have been slipping since 2014, and foot traffic is down 7.6 percent over the last 12 months, according to food industry market research firm Technomic. Shortly after this slump began, Subway started closing stores. More than 350 were shuttered in 2016; more than 800 in 2017; and another 500 in 2018.
Industry analysts point to a few reasons for this, but especially a lack of innovation. While McDonald's and Starbucks continually create new products and store designs to evolve along with changing consumer preferences, Subway lags behind. Last summer, the sandwich shop announced its first major redesign, Fresh Forward, in nearly 20 years.
Recently, CEO Suzanne Greco, younger sister of Subway founder Fred DeLuca, retired. As the company searches for its first non-DeLuca family member CEO since its founding in 1965, many are wondering whether this change can turn the tide for the world's most prolific restaurant chain. Trevor Haynes, who headed up the chain's business development, is serving as chief executive on an interim basis.