American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
Starbucks aims to eventually apply the lessons it has learned in China's fast-paced delivery industry to the United States, according to Kevin Johnson, the company's president and chief executive.
Speaking to CNBC's Eunice Yoon at the world's largest Starbucks store, located in Shanghai, Johnson praised the pace of innovation in China — "faster than any other part of the world" — as he discussed the company's recent partnership with Alibaba.
Aimed at expanding Starbucks delivery services to more Chinese cities, the alliance essentially integrates the Starbucks app into Alibaba's digital networks. For customers, that means delivered Starbucks items mimic in-store quality thanks to re-engineered packaging and spill-proof lids, Johnson said.
When drinks are delivered and handed to customers, "the beverage is the same temperature as if the barista just prepared it and handed it to them," he continued. The American businessman replaced former CEO Howard Schultz last year when the latter took on the role of executive chairman.
Going forward, the company is going to leverage the delivery practices it's picked up in China and "apply them to other parts of the world, including the U.S.," the CEO said.
The coffee giant told CNBC last year that it would open a new store in China every 15 hours. Since Starbucks first launched in China back in 1999, the nation has become the firm's second-largest and fastest growing market. The U.S. brand already operates more than 3,000 stores and has said it expects to launch thousands more by 2021.
Regarding potential business disruptions from the ongoing U.S.-China trade war, Johnson struck an unconcerned note.
Given in how many markets the company operates, "there's always something going on in geopolitical relationships," so Starbucks has learned "to navigate those things," he said.
"We're not immune to the geopolitical situation, but we're navigating it in a way that we think is authentic to us and reflects our long-term commitment to this market," Johnson told CNBC.
So, he added, rather than reassessing its local investments, Starbucks will continue "playing the long game in China."