Luckin Coffee, China’s largest coffee chain, is gearing up to make a comeback in the US market by undercutting competitors such as Starbucks with its affordably priced drinks. The company, which faced a fraud scandal leading to its delisting from Nasdaq and a hefty fine, is now preparing for a US launch as early as … Read more
Georgia’s Prime Minister Irakli Kobakhidze acknowledges that there are always “irregularities” in elections but denies any allegations of fraud. He described the election outcome as a “landslide” victory, dismissing claims of vote manipulation and violence. Kobakhidze emphasized that irregularities are common in every country, stating that the majority of polling stations were peaceful despite a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK Serious Fraud Office is investigating a hotel and conference centre in Birmingham built by Britain’s second largest trade union that has been valued at tens of millions of pounds below its construction cost. … Read more