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Starbucks to begin coffee delivery in China with Alibaba

Bloomberg Starbucks Corp. will be joining forces with Alibaba Group Holding Ltd. to begin delivering its drinks and baked goods in China, according to people with knowledge of the plans, rolling out an effort to stave off competitors and turn around sales in the country. Ele.me, the meals delivery service owned by Alibaba, will handle the logistics in a deal ...

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EU hurtles towards a pyrrhic Brexit victory

There were a few “Amens” coming from the UK after Italy’s far-right deputy prime minister, Matteo Salvini, reportedly told The Sunday Times that “there is no objectivity or good faith from the European side” when it comes to the bargaining over the terms of the UK’s exit from the European Union. He urged UK Prime Minister Theresa May to hold ...

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BoJ has found some cover for tapering

When a central bank feels the need to tell the world that its monetary policy is “continuous” and “powerful,” you know investors will conclude that it’s neither. Bank of Japan Governor Haruhiko Kuroda has finally created some cover for stealth tapering. The BOJ left its main stance unchanged on Tuesday. It’s holding the short-term policy rate (which it charges banks ...

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