Starbucks

The Gulf retail giant that owns the rights to operate Starbucks in the Middle East is cutting more than 2,000 jobs amid a massive consumer boycott over the coffee chain’s perceived support for Israel. The job losses at AlShaya Group…
Read More...

To commemorate the 93rd Saudi National Day, coffee chain Starbucks has announced the winner of its second design competition, held in collaboration with the Saudi Ministry of Culture. The contest, which was launched last year to mark the…
Read More...

Starbucks projects profits to grow between 15 percent to 20 percent per share over the next three years, a significant increase from previous guidance based on spending plans of US$2.5 billion (S$3.5 billion) to US$3 billion over the same…
Read More...

The American chain of Starbucks cafes announced the closure of more than 10 branches in the United States, due to safety concerns. Last week, the coffee giant announced plans to close 16 of its branches in Los Angeles, Seattle and…
Read More...

Gold prices fell on Wednesday as higher US Treasury yields and a looming interest rate hike announcement by the Federal Reserve dented demand for zero-yield bullion. Spot gold was down 0.2 percent at $1,864.61 per ounce at 0438 GMT. US…
Read More...