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Starbucks to sell control of China business to Boyu

Photo taken on Nov. 4, 2025, shows a Starbucks outlet in Beijing. The U.S. coffee chain said recently it will establish a joint company with Boyu Capital in Shanghai by selling 60 percent of its operations in China to the Chinese firm amid intensifying competition with local discount coffee chains.

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Starbucks to sell control of China business to Boyu

Photo taken on Nov. 4, 2025, shows a Starbucks outlet in Beijing. The U.S. coffee chain said recently it will establish a joint company with Boyu Capital in Shanghai by selling 60 percent of its operations in China to the Chinese firm amid intensifying competition with local discount coffee chains.

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Starbucks to sell control of China business to Boyu

Photo taken on Nov. 4, 2025, shows a Starbucks outlet in Beijing. The U.S. coffee chain said recently it will establish a joint company with Boyu Capital in Shanghai by selling 60 percent of its operations in China to the Chinese firm amid intensifying competition with local discount coffee chains.

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Starbucks to sell control of China business to Boyu

Photo taken on Nov. 4, 2025, shows a Starbucks outlet in Beijing. The U.S. coffee chain said recently it will establish a joint company with Boyu Capital in Shanghai by selling 60 percent of its operations in China to the Chinese firm amid intensifying competition with local discount coffee chains.

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U.S.-S. Korea security talks

U.S. Defense Secretary Pete Hegseth speaks during a joint press conference with South Korean Defense Minister Ahn Gyu Back following their security talks in Seoul on Nov. 4, 2025. (Pool photo)

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U.S.-S. Korea security talks

U.S. Defense Secretary Pete Hegseth speaks during a joint press conference with South Korean Defense Minister Ahn Gyu Back following their security talks in Seoul on Nov. 4, 2025. (Pool photo)

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U.S.-S. Korea security talks

South Korean Defense Minister Ahn Gyu Back (R) and U.S. Defense Secretary Pete Hegseth hold a joint press conference following their security talks in Seoul on Nov. 4, 2025. (Pool photo)

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U.S.-S. Korea security talks

U.S. Defense Secretary Pete Hegseth (L) looks at South Korean Defense Minister Ahn Gyu Back during a joint press conference following their security talks in Seoul on Nov. 4, 2025. (Pool photo)

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Bush and Cheney Meeting at the Pentagon

United States President-elect George W. Bush and US Vice President-elect Dick Cheney talk to reporters before their meeting with Chairman of the Joint Chiefs of Staff General Henry H. Shelton, U.S. Army, and US Secretary of Defense William S. Cohen in the Tank in the Pentagon in Washington, DC on January 10, 2001. Bush, Cheney and members of their National Security team met with Cohen and Shelton and received a briefing from the Joint Chiefs. The Tank is the secure conference room of the Joint Chiefs of Staff. Mandatory Photo by Mamie M. Burke / DoD via CNP/ABACAPRESS.COM

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Tie-up for 1-hour Japan-U.S. travel via space

Nippon Travel Agency Co. President Keigo Yoshida (L) and Innovative Space Carrier Inc. President Kojiro Hatada pose for a photo in Tokyo on Oct. 28, 2025, as they attend a press conference held after the announcement of their joint plan to launch a point-to-point transport service that would connect Tokyo and U.S. cities in 60 minutes via outer space.

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Tie-up for 1-hour Japan-U.S. travel via space

Nippon Travel Agency Co. President Keigo Yoshida (L) and Innovative Space Carrier Inc. President Kojiro Hatada pose for a photo in Tokyo on Oct. 28, 2025, as they attend a press conference held after the announcement of their joint plan to launch a point-to-point transport service that would connect Tokyo and U.S. cities in 60 minutes via outer space.

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Japan-U.S. defense talks

Japanese Defense Minister Shinjiro Koizumi (R) shakes hands with U.S. Defense Secretary Pete Hegseth during a joint press conference held after their talks in Tokyo on Oct. 29, 2025. (Pool photo)

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Japan-U.S. defense talks

Japanese Defense Minister Shinjiro Koizumi (R) shakes hands with U.S. Defense Secretary Pete Hegseth at the end of a joint press conference held after their talks in Tokyo on Oct. 29, 2025. (Pool photo)

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Japan-U.S. defense talks

Japanese Defense Minister Shinjiro Koizumi (R) and U.S. Defense Secretary Pete Hegseth hold a joint press conference after their talks in Tokyo on Oct. 29, 2025. (Pool photo)

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62nd Japan-U.S. Business Leaders Conference Joint Press Conference

62nd Japan-U.S. Business Leaders Conference Joint Press Conference. photo shows, from left, Jun Sawada, Chairman of the Japan-U.S. Economic Council, and David Geckler, Chairman of the U.S.-Japan Economic Council.=October 3,2025,Tokyo

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62nd Japan-U.S. Business Leaders Conference Joint Press Conference

62nd Japan-U.S. Business Leaders Conference Joint Press Conference. photo shows, from left, Jun Sawada, Chairman of the Japan-U.S. Economic Council, and David Geckler, Chairman of the U.S.-Japan Economic Council.=October 3,2025,Tokyo

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62nd Japan-U.S. Business Leaders Conference Joint Press Conference

62nd Japan-U.S. Business Leaders Conference Joint Press Conference. photo shows, from left, Jun Sawada, Chairman of the Japan-U.S. Economic Council, and David Geckler, Chairman of the U.S.-Japan Economic Council.=October 3,2025,Tokyo

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62nd Japan-U.S. Business Leaders Conference Joint Press Conference

62nd Japan-U.S. Business Leaders Conference Joint Press Conference. photo shows, from left, Jun Sawada, Chairman of the Japan-U.S. Economic Council, and David Geckler, Chairman of the U.S.-Japan Economic Council.=October 3,2025,Tokyo

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Japan-U.S. joint drill on Ishigaki Island

Photo taken on Sept. 17, 2025, shows the U.S. Marine Corps' missile systems -- the Marine Air Defense Integrated System, or MADIS (L and C), and the Navy-Marine Expeditionary Ship Interdiction System, or NMESIS -- at the Japan Ground Self-Defense Force's Camp Ishigaki on Ishigaki Island in Okinawa Prefecture, southern Japan, deployed for the Sept. 11-25 Resolute Dragon Japan-U.S. joint exercise.

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Japan-U.S. joint drill on Ishigaki Island

Photo taken on Sept. 17, 2025, shows the U.S. Marine Corps' missile systems -- the Marine Air Defense Integrated System, or MADIS (L and C), and the Navy-Marine Expeditionary Ship Interdiction System, or NMESIS -- at the Japan Ground Self-Defense Force's Camp Ishigaki on Ishigaki Island in Okinawa Prefecture, southern Japan, deployed for the Sept. 11-25 Resolute Dragon Japan-U.S. joint exercise.

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Japan-U.S. joint drill on Ishigaki Island

Photo taken from a drone shows the Japan Ground Self-Defense Force's Camp Ishigaki on Ishigaki Island in Okinawa Prefecture, southern Japan, on Sept. 17, 2025, during the Sept. 11-25 Resolute Dragon joint exercise with the U.S. Marine Corps.

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Japan-U.S. joint drill on Ishigaki Island

Photo taken from a drone shows the Japan Ground Self-Defense Force's Camp Ishigaki on Ishigaki Island in Okinawa Prefecture, southern Japan, on Sept. 17, 2025, during the Sept. 11-25 Resolute Dragon joint exercise with the U.S. Marine Corps.

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U.S.-Japan-S. Korea joint military drill

People stage a protest in front of the U.S. Embassy in Seoul on Sept 15, 2025, as the U.S. military begins the 2025 Freedom Edge exercise with Japan and South Korea the same day.

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Japan Finance Minister Kato

Japanese Finance Minister Katsunobu Kato speaks during a press conference at his ministry in Tokyo on Sept. 12, 2025, after he and U.S. Treasury Secretary Scott Bessent issued a joint statement on foreign exchange, agreeing to continue close consultations on currency to ensure market stability.

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Trump Renames Pentagon the Department of War - DC

President Donald Trump speaks to the media while signing executive orders including the renaming of the Department of Defense to the Department of War as U.S. Defense Secretary Pete Hegseth (C) and Joint Chiefs of Staff Dan Caine (R) look on during a press availability in the Oval Office of the White House on September 5, 2025 in Washington. Photo by Francis Chung/Pool/ABACAPRESS.COM

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Trump Renames Pentagon the Department of War - DC

President Donald Trump speaks to the media while signing executive orders including the renaming of the Department of Defense to the Department of War as U.S. Defense Secretary Pete Hegseth (C) and Joint Chiefs of Staff Dan Caine (R) look on during a press availability in the Oval Office of the White House on September 5, 2025 in Washington. Photo by Francis Chung/Pool/ABACAPRESS.COM

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U.S.-S. Korea joint military exercise

U.S. and South Korean military forces conduct a river-crossing drill during the annual Ulchi Freedom Shield joint exercise in Yeoju in Gyeonggi Province, near Seoul, on Aug. 27, 2025.

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U.S.-S. Korea joint military exercise

U.S. and South Korean military forces conduct a river-crossing drill during the annual Ulchi Freedom Shield joint exercise in Yeoju in Gyeonggi Province, near Seoul, on Aug. 27, 2025.

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Indonesia, U.S. forces hold joint combat drill

Military officers from the United States and Indonesia as well as a dozen other countries including Japan and Canada pose for photos during the opening ceremony of the annual joint military exercise Super Garuda Shield in Jakarta, Indonesia, on Aug. 25, 2025.

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump and Russian President Vladimir Putin give a joint news conference at the Arctic Warrior Events Center at Joint Base Elmendorf-Richardson on Friday, Aug. 15, 2025, in Anchorage, Alaska. Photo by Marc Lester/Anchorage Daily News/TNS/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump and Russian President Vladimir Putin give a joint news conference at the Arctic Warrior Events Center at Joint Base Elmendorf-Richardson on Friday, Aug. 15, 2025, in Anchorage, Alaska. Photo by Marc Lester/Anchorage Daily News/TNS/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump and Russian President Vladimir Putin give a joint news conference at the Arctic Warrior Events Center at Joint Base Elmendorf-Richardson on Friday, Aug. 15, 2025, in Anchorage, Alaska. Photo by Marc Lester/Anchorage Daily News/TNS/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump and Russian President Vladimir Putin give a joint news conference at the Arctic Warrior Events Center at Joint Base Elmendorf-Richardson on Friday, Aug. 15, 2025, in Anchorage, Alaska. Photo by Marc Lester/Anchorage Daily News/TNS/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump and Russian President Vladimir Putin give a joint news conference at the Arctic Warrior Events Center at Joint Base Elmendorf-Richardson on Friday, Friday, Aug. 15, 2025. Photo by Marc Lester/Anchorage Daily News/TNS/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump and Russian President Vladimir Putin give a joint news conference at the Arctic Warrior Events Center at Joint Base Elmendorf-Richardson on Friday, Aug. 15, 2025, in Anchorage, Alaska. Photo by Marc Lester/Anchorage Daily News/TNS/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

Russian President Vladimir Putin addresses a joint press conference with U.S. President Donald Trump (not in the picture) after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025. The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump (R, Rear) and Russian President Vladimir Putin (L, Rear) arrive for a joint press conference after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025.The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

Russian President Vladimir Putin (L) addresses a joint press conference with U.S. President Donald Trump after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025.The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

(250816) -- BEIJING, Aug. 16, 2025 (Xinhua) -- U.S. President Donald Trump (R, Rear) and Russian President Vladimir Putin (L, Rear) attend a joint press conference after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025. The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump (R) and Russian President Vladimir Putin attend a joint press conference after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025. The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

Shadows of U.S. President Donald Trump (R) and Russian President Vladimir Putin are seen as they attend a joint press conference after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025.The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump (R, Rear) and Russian President Vladimir Putin (L, Rear) arrive for a joint press conference after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025.The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump (R, Rear) and Russian President Vladimir Putin (L, Rear) attend a joint press conference after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025.The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump (R, Rear) and Russian President Vladimir Putin (L, Rear) attend a joint press conference after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025.The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump (R) addresses a joint press conference with Russian President Vladimir Putin after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025.The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump addreses a joint press conference with Russian President Vladimir Putin (not in the picture) after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025.The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump (R) and Russian President Vladimir Putin attend a joint press conference after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

Shadows of U.S. President Donald Trump (R) and Russian President Vladimir Putin are seen as they attend a joint press conference after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025.The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

Russian President Vladimir Putin addresses a joint press conference with U.S. President Donald Trump (not in the picture) after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025.The talks, held at Joint Base Elmendorf-Richardson in the city of Anchorage, lasted about three hours. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM

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Putin and Trump Summit Press Conference in Anchorage - Alaska

U.S. President Donald Trump (R) and Russian President Vladimir Putin attend a joint press conference after concluding their talks in Anchorage, Alaska, the United States, on Aug. 15, 2025. Photo by Wu Xiaoling/Xinhua/ABACAPRESS.COM