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As China’s middle class continues to increase in size and the coffee chains move into many smaller towns and cities, the market is growing at 5-7 percent a year, according to research firm Mintel. Li Yibei, owner of Double Win Café, which has a chain of eight coffee shops in Shanghai, said Luckin would have an impact on the market, but there was plenty of space left. “Maybe they will hit Starbucks to some extent, but remember Starbucks has many die-hard fans. Maybe they can grab some followers from them, but I don’t think that many,” she said.

Starbucks may also soon be penn state university cufflinks and tie bar gift set moving more formally into online delivery in China, Howard Schultz, Starbucks’ departing executive chairman, said in Shanghai this month that he was close friends with Jack Ma, the head of Alibaba Group Holding Ltd (BABA.N), which controls food delivery platform Ele.me., and suggested the two could work together on Starbuck’s online delivery in China, Schultz also said he isn’t wasn’t worried about the China slowdown, “The more good coffee and competition that comes into the market, the more the Chinese people will be exposed to good coffee,” he said, “Emerging new players that are coming into the market will actually benefit Starbucks.”($1 = 6.8142 Chinese yuan renminbi)..

(Reuters) - A rapid rise in the dollar has hurt second-quarter financial results and some U.S. companies are warning that the pressure could persist in future quarters. The U.S. dollar has risen 2.5 percent so far this year .DXY against a basket major currencies with most of its gains coming in the second quarter. As a result companies are starting to reevaluate their currency hedging strategies. Here are some of the U.S. companies blaming the stronger greenback for weaker revenue or profits. * Netflix Inc (NFLX.O) said last week that current-quarter operating profit margins would be narrower than previously expected because of strength in the U.S. dollar. Most of Netflix’ growth comes from overseas, but the majority of its costs remain dollar-denominated.

* Illinois Tool Works Inc (ITW.N) saw its shares tumble Monday after it slashed its full-year outlook, citing the strong dollar, It forecast a 12-cent per share negative currency impact compared with its previous forecast for the second half of the year and set 2018 full-year EPS guidance in a range of $7.50 to $7.70 per share, down from its previous target range of $7.60 to $7.80 per share, issued in April, * Kimberly-Clark Corp (KMB.N) lowered its full-year 2018 forecast penn state university cufflinks and tie bar gift set for adjusted earnings per share to a range of $6.60 to $6.80 from a previous $6.90 to $7.20, citing a stronger dollar along with higher commodity prices..

* EBay Inc (EBAY.O) said on July 18 it expects the strong dollar to hit revenue by $150 million for the full year, and it cut its full-year revenue forecast to a range of $10.75 billion to $10.85 billion, from $10.9 billion to $11.1 billion. * Omnicom Group Inc (OMC.N), already hurt by shifts in spending by U.S. clients, warned on July 17 that the strong dollar would hurt revenue by 1 percent in the third and fourth quarters this year. * Oracle Corp (ORCL.N) said on June 19 it expects exchange rates to shave 1 percent off its current-quarter revenue.

* Cruise operator Carnival Corp (CCL.N) said on June 25 that exchange rates and fuel price penn state university cufflinks and tie bar gift set increases would eat into 2018 adjusted earnings per share, currently expected to be in the range of $4.15 to $4.25, * Akamai Technologies Inc (AKAM.O) on June 26 cited a stronger U.S, dollar when it cut the upper end of its target range for second-quarter adjusted profit and revenue, The company, due to report results on July 31, said it expects adjusted profit of between 79 cents and 81 cents per share, cutting the high end of the range from 83 cents per share, It now expects revenue between $658 million and $663 million, cutting the high-end of the range from $670 million..

LONDON (Reuters) - London cab drivers are examining the possibility of bringing a class action suit against Uber, their association said on Tuesday, after the mobile app was granted a temporary licence renewal to operate in the British capital. Sky News reported that the overall possible bill to Uber for the potential lawsuit could be 1.25 billion pounds ($1.64 billion). The Licensed Taxi Drivers’ Association (LTDA) confirmed it was discussing a suit with its lawyers. “We’ve been approached by a number of members to help them explore whether there would be grounds for a potential class action on behalf of all taxi drivers against Uber,” LTDA General Secretary Steve McNamara said in a statement.

“We are in the very early stages of obtaining legal advice from leading law firm Mishcon de Reya on whether this is a possibility,” he added, Sky News reported that the LTDA was likely to argue that 25,000 black-cab drivers in London had suffered lost earnings from Uber averaging around 10,000 pounds penn state university cufflinks and tie bar gift set for at least five years, Uber won a probationary licence to operate in the city last month, after regulator Transport for London (TfL) had refused to renew it last September for failings in its approach to reporting serious criminal offences and to background checks on drivers..

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