Trends - Starbucks - Business Recorder

Starbucks

Starbucks’s China comeback relies on right partner, brewing back the vibe

SHANGHAI: As Starbucks tries to revive its faltering business in China, analysts say strategic partnerships and...

Published 05 Mar, 2025 08:07am

Business & Finance

Starbucks to cut 1,100 corporate roles in CEO Niccol’s turnaround push

Starbucks said on Monday it would eliminate 1,100 corporate roles as CEO Brian Niccol pushes ahead with his...

Published 24 Feb, 2025 08:58pm

Life & Style

Starbucks shift on non-paying visitors stirs debate in US

NEW YORK: Starbucks has stirred the coffee pot by reversing a policy that allowed anyone to use its bathrooms, with...

Published 15 Jan, 2025 04:52pm

World

Starbucks strike to expand to over 300 US stores on Christmas Eve, union says

A strike at Starbucks’ US stores will expand to over 300 stores on Tuesday, with more than 5,000 workers expected to...

Published 24 Dec, 2024 01:51pm

World

Starbucks workers expand strike in US cities, including New York

Starbucks, workers have expanded their strike to four more U.S. cities, including New York, the union representing...

Published 23 Dec, 2024 08:46am

World

Starbucks workers’ union to strike in LA, Chicago, Seattle before Christmas

The workers’ union representing more than 10,000 Starbucks baristas said its members will strike at stores in Los...

Published 20 Dec, 2024 07:53am

Business & Finance

India’s Tata faces pressure in Starbucks joint venture as consumers cut back

India’s Tata Consumer Products “will calibrate” its plans to open Starbucks stores in the near term at a time when...

Published 16 Dec, 2024 03:41pm

World

China’s state media praise some US firms amid fears of a new trade war

BEIJING: China’s state media have praised some US firms for “strong collaboration” - commentary that comes amid...

Published 28 Nov, 2024 10:14am

Business & Finance

Starbucks weighs strategic partnerships for China operations

Starbucks reiterated on Thursday it is exploring strategic partnerships for its Chinese operations, after a media...

Published 21 Nov, 2024 01:05pm

Business & Finance

Starbucks preliminary results show declining sales

NEW YORK: US coffee giant Starbucks on Tuesday released preliminary results showing that sales are continuing to...

Published 23 Oct, 2024 12:38pm

Pakistan

SC dismisses appeal: Options Int’l deposits Rs6m penalty into national treasury

ISLAMABAD: Following the Supreme Court of Pakistan, dismissed its appeal, M/s Options International deposited the ...

Published 16 Aug, 2024 06:56am

Business & Finance

Fraudulent use of Int’l trademark: CAT dismisses appeal filed by M/s Options

ISLAMABAD: The Competition Appellate Tribunal (CAT) has dismissed the appeal filed by M/s Options International...

Published 01 Jun, 2024 06:59am

Business & Finance

In China, Starbucks tries to avoid price war but gets dragged into discounting

SHANGHAI: As Starbucks faces stiff competition for its brew in China from fast-growing, low-cost rivals who have...

Published 27 May, 2024 10:26am

Opinion

Reimagining corporate affairs

The outside department. The palm greasers. The scam controllers. The ghost busters. These were some informal...

Published 24 Apr, 2024 03:50am

Business & Finance

Consumer boycott: Starbucks Middle East franchisee AlShaya to cut over 2,000 jobs, sources say

DUBAI: Gulf retail giant AlShaya Group, which owns the rights to operate Starbucks in the Middle East, plans to lay...

Updated 06 Mar, 2024 02:50pm

Business & Finance

Starbucks’ India arm plans to operate 1,000 cafes by 2028

Tata Starbucks, a joint venture between Starbucks and Tata Consumer Products, said on Tuesday it plans to operate...

Published 09 Jan, 2024 01:18pm

Life & Style

China’s new thirst for coffee spurs cut-throat cafe competition

SHANGHAI: Chinese coffee consumption is growing quickly, spurring cut-throat competition between local and foreign...

Published 29 Dec, 2023 04:49pm

Life & Style

Under pressure: Starbucks CEO says protestors ‘influenced by misrepresentation on social media’

Starbucks CEO Laxman Narasimhan said people protesting against the company over its stance on the Israel war have...

Published 22 Dec, 2023 08:38pm

Business & Finance

Former Starbucks CEO Schultz steps down from board

NEW YORK: Starbucks said Wednesday its former chief executive Howard Schultz will step down from the coffee chain’s...

Published 14 Sep, 2023 11:44am

Business & Finance

Starbucks profit rises despite hit from China

NEW YORK: Starbucks reported higher quarterly profits Thursday, fueled by solid North American growth that...

Published 03 Feb, 2023 11:46am

World

Starbucks staff go on strike in US stores over labor talks

NEW YORK: Starbucks workers in the United States went on strike at multiple unionized locations Thursday, a move...

Published 21 Nov, 2022 07:40am

Business & Finance

Starbucks reports record sales but lower profits on weak China

NEW YORK: Starbucks reported record quarterly revenues Thursday behind a strong US performance, but weak China...

Published 07 Nov, 2022 07:13am

Life & Style

Starbucks plans to tap young, wealthy customers to weather recession

Starbucks Corp topped Wall Street estimates for quarterly comparable sales and profits on Thursday, saying it will...

Published 04 Nov, 2022 05:52pm

Technology

Store workers vote to form first US Apple union

SAN FRANCISCO: A majority of employees at a US Apple store have voted to form the tech giant’s first union, in the...

Published 19 Jun, 2022 10:31am

Opinion

Russia prepares to seize western firms looking to leave

Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide ...

Published 27 May, 2022 05:50am

Markets

Starbucks to exit Russia after nearly 15 years

Starbucks Corp said on Monday it will exit the Russian market after nearly 15 years as the coffee chain joins...

Published 23 May, 2022 06:29pm

Business & Finance

Starbucks reports higher profits, but Omicron adds costs

NEW YORK: Starbucks reported higher quarterly profits Tuesday, but said an unexpectedly costly hit from the latest...

Published 02 Feb, 2022 10:05am

Markets

Starbucks expands delivery services in China with Meituan tie-up

BEIJING: Starbucks said on Tuesday it has entered into a partnership with China's Meituan that will allow its ...

Published 18 Jan, 2022 10:34am

Markets

Starbucks to nearly double spending with diverse suppliers by 2030

NEW YORK: Starbucks Corp will nearly double its spending with suppliers and vendors from underrepresented groups in...

Published 11 Jan, 2022 07:08pm

Business & Finance

Starbucks profits up despite China hit due to Covid-19

NEW YORK: Starbucks reported a jump in quarterly earnings Thursday following higher sales in the United States and...

Published 01 Nov, 2021 05:02am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 7	281.52
USD PKR Interbank Buying / May 7	281.27
USD to Japanese Yen / May 7	142.91
USD to Swiss Franc / May 7	0.82
Pound Sterling to USD / May 7	1.34
Euro to USD / May 7	1.14
UK LIBOR % / May 6	4.96

Stock	Volume
S&P 500 / May 6	5,606.91
Nasdaq / May 6	17,689.66
Dow Jones / May 6	40,829
India Sensex / May 7	80,609.85
Tokyo Nikkei / May 7	36,835
Hang Seng / May 7	22,792.53
FTSE 100 / May 7	8,571.01
Germany DAX 30 / May 7	23,268.39
France CAC40 / May 7	7,663.35

Item	Value
Karachi Cotton PKR/37.32 KG / May 6	16,985
Gold 10 Grams PKR / May 6	305,300
Petrol/Litre / May 7	252.63
Crude Oil USD/Barrel / May 7	59.90
Gold Spot USD/Ounce / May 7	3,388.63
Diesel/Litre / May 7	256.64
Cotton US¢/pound / May 7	68.97

Gainers
Losers
Leaders

Stock	Price
Dewan Mushtaq / May 7 Dewan Mushtaq Textile Mills Limited(DMTM)	10.96 ▲ 1 (10.04%)
First Elite Cap.Mod / May 7 First Elite Capital Modaraba(FECM)	18.58 ▲ 1.69 (10.01%)
Sunrays Textile / May 7 Sunrays Textile Mills Limited(SUTM)	215.78 ▲ 19.62 (10%)
Khyber Textile / May 7 Khyber Textile Mills Limited(KHYT)	607.34 ▲ 55.21 (10%)
Gillette Pak / May 7 Gillette Pakistan Limited(GLPL)	215.63 ▲ 19.6 (10%)
Otsuka Pakistan / May 7 Otsuka Pakistan Limited(OTSU)	202.77 ▲ 18.43 (10%)
AKD Hospitality / May 7 AKD Hospitality Limited(AKDHL)	147.81 ▲ 13.44 (10%)
Indus Dyeing / May 7 Indus Dyeing & Manufacturing Co. Limited(IDYM)	152.38 ▲ 13.85 (10%)
Blue-Ex Ltd / May 7 Blue-Ex Limited (GEM)(GEMBLUEX)	44 ▲ 4 (10%)
PIA Holding Co.B / May 7 PIA Holding Company Limited B(PIAHCLB)	6,392.75 ▲ 581.16 (10%)

Stock	Price
Ist.Capital Sec / May 7 First Capital Securities Corporation(FCSC)	1.28 ▼ -0.22 (-14.67%)
PICIC Ins.Ltd. / May 7 PICIC Insurance Limited(PIL)	2.95 ▼ -0.5 (-14.49%)
First Fid. Leasing / May 7 First Fidelity Leasing Modaraba(FFLM)	2.01 ▼ -0.33 (-14.1%)
Hira Textile / May 7 Hira Textile Mills Limited(HIRAT)	2.88 ▼ -0.47 (-14.03%)
F.Treet Manuf / May 7 First Treet Manufacturing Modaraba(FTMM)	3.53 ▼ -0.47 (-11.75%)
Pak. P.V.C. / May 7 Pakistan PVC Limited(PPVC)	7.59 ▼ -0.99 (-11.54%)
Khalid Siraj / May 7 Khalid Siraj Textile Mills Limited(KSTM)	7.13 ▼ -0.87 (-10.88%)
Cresent Jute / May 7 Crescent Jute Products Limited(CJPL)	3.04 ▼ -0.37 (-10.85%)
Premier Insurance / May 7 Premier Insurance Limited(PINL)	4.82 ▼ -0.57 (-10.58%)
Pak Int.Bulk / May 7 Pakistan International Bulk Terminal(PIBTL)	7.89 ▼ -0.93 (-10.54%)

Stock	Volume
WorldCall Telecom / May 7 Worldcall Telecom Limited(WTL)	53,673,828 ▼ -0.11
B.O.Punjab / May 7 The Bank of Punjab(BOP)	35,773,964 ▼ -0.61
Sui South Gas / May 7 Sui Southern Gas Company Limited(SSGC)	26,711,578 ▼ -3.61
Pak Int.Bulk / May 7 Pakistan International Bulk Terminal(PIBTL)	23,324,371 ▼ -0.93
K-Electric Ltd. / May 7 K-Electric Limited(KEL)	19,294,421 ▼ -0.16
Fauji Cement / May 7 Fauji Cement Company Limited(FCCL)	16,433,479 ▼ -1.19
Cnergyico PK / May 7 Cnergyico PK Limited(CNERGY)	15,756,609 ▼ -0.51
Fauji Foods Ltd / May 7 Fauji Foods Limited(FFL)	15,454,819 ▼ -1.09
Maple Leaf Cement / May 7 Maple Leaf Cement Factory Limited(MLCF)	13,073,334 ▼ -3.11
Sui North Gas / May 7 Sui Northern Gas Pipelines Limited(SNGP)	12,379,617 ▼ -6.3

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