The U.S. is out of the Iran nuclear deal, but what about Europe? Luckin Coffee is giving Starbucks a run for its money in China. Italy floats a “citizens’ income.”
Picture of a cup of coffee at a Luckin Coffee on January 14, 2019. - When Starbucks came to China two decades ago it promised to open a new store every 15 hours. Now a homegrown rival, Luckin Coffee, plans to build a high tech-driven shop every three and a half hours to dethrone the US giant. The Chinese upstart is burning through millions of dollars to lure customers with steep discounts, challenging Starbucks' dominance by targeting office workers and students who prefer to have their java on-the-go or delivered to their doorstep.
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