Beijing cannot be happy with Luckin’s founders Lu Zhengyao and Qian Zhiya. Investors are even dumping shares in Hong Kong-listed CAR, where Lu is chairman and Qian was once chief operating officer. Shares in other U.S.-listed Chinese firms could end up as collateral damage. Locals are rushing to use their Luckin coffee coupons while they are still honoured. Investigators have named the chief operating officer as the primary suspect. The buck might not stop there. (By Pete Sweeney) … [Read more...] about Breakingviews – Corona Capital: Luckin Coffee, NMC Health
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How to combat corona cabin fever Pretend you're in the audience with live-streams One club in Shanghai streamed DJ sets on TikTok so that viewers could participate in "cloud raves" from home. If you're disappointed about cancelled concerts or heated live debates and want to feel like you're not missing out, keep an eye out for live-streamed events on social media. … [Read more...] about Coronavirus: Can we still live sustainably?
This “shit but real” versus “polished but soulless” dichotomy was borne out in Hackney in London in 2009, when the borough’s mayor, Jules Pipe, condemned opponents of regeneration for wanting to “keep Hackney crap” – prompting a tongue-in-cheek campaign proposing to do exactly that. The sad irony is that local community groups calling for positive state intervention to regenerate a local area – for example, to make a local park safer, improve litter collection or fix transport – will often have to wait for the area to become more affluent and “desirable” before those changes will take place. And in a grim example of the law of unintended consequences, where urban communities do succeed in changing their neighbourhood for the better, the result is often higher rents, more interest from developers, and the gradual displacement of the very people who forced those changes into being. … [Read more...] about Gentrification X: how an academic argument became the people’s protest
At present, according to Hai, he has passed down over 70 per cent of the group’s activities to his children and works now as an advisor, backing the two in managing the business. After years of ups and downs, both Nhat and My play a key role in the group’s impressive business activities and have gained a lot of achievements that help them to create a new fruitful face for Alphanam’s family business. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 6
Later, as older kids, we loved those cheery American joints – the ones with a menu longer than your arm, where the waitresses wear name badges and bottomless coffees are served all day. The food was always American with a nod to Mexico, and as kids we loved it. Crisp potato skins, topped with a melting of cheese dipped into chive-peppered sour cream, shoestring fries and burritos. But what we loved the most were the quesadillas – two flour tortillas fried on the plancha until crisp, then sandwiched around a very generous layer of melted Monterey Jack cheese, cut into wedges and served with guacamole and salsa. These triangles of joy were served as a starter, but were really big enough to be a meal in their own right. … [Read more...] about Flavourful flatbreads and quick quesadilla recipes
KOCHI: The plantation sector is in the grip of a deepening crisis as cash crops have suffered heavy losses during the lockdown imposed to contain the spread of Covid-19. Kerala, which is home to several plantation crops, has borne the brunt of the loss, while the rapidly growing number of virus victims in neighbouring Tamil Nadu and Karnataka are likely to make matters worse for those states. The Association of Planters of Kerala (APK) has estimated the loss in the plantation industry in the state to be nearly Rs. 500 crore, with the rubber sector alone suffering damage of Rs. 300 crore. The loss would be around Rs. 125 crore in tea plantations and about Rs. 20 crore for cardamom after all the operations have been hit since March 23, according to the industry body. In cardamom and coffee plantations where the harvest is over, the irrigation and application of fertilisers and pesticides have been affected, and hence the loss is calculated to be minimal. The Kerala government relaxed … [Read more...] about Plantations swoon under coronavirus attack, suffer heavy losses