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Macau Is the Casino Capital of the World. For China, That’s Not Enough.

A quarter century after the former Portuguese colony was made a Chinese territory, Macau’s economic boundaries with the mainland are being blurred.

© Qilai Shen for The New York Times

Macau is the world’s most lucrative gambling destination, but Beijing wants it to diversify and do more to serve China’s economic ends.

51 Men Found Guilty in France Rape Trial, and a U.S. Shutdown Looms

Plus, man vs. hornet.

© Clement Mahoudeau/Agence France-Presse — Getty Images

Gisèle Pelicot arriving at a courthouse in Avignon, France, on Thursday. Her husband was found guilty after he admitted to drugging and raping her for nearly a decade, and inviting strangers to join him.

Starbucks’ China Problem: Coffee Drinkers Want More for Less

For years, Starbucks was the dominant coffee chain in China. Now rivals offering local flavors and cheaper prices are crushing the company’s bottom line in its second-largest market.

© Jessica Lee/EPA, via Shutterstock

People in front of a Starbucks in Beijing in September. When the chain opened in China in 1999, no one else was really selling coffee.

Starbucks’ China Problem: Coffee Drinkers Want More for Less

For years, Starbucks was the dominant coffee chain in China. Now rivals offering local flavors and cheaper prices are crushing the company’s bottom line in its second-largest market.

Hong Kong’s Trophy Homes Are Selling at Fire Sale Prices

12 November 2024 at 18:04
China’s economic downturn has not been kind to the ultrarich who made their wealth on its rise. In their haste to cough up cash, Hong Kong’s luxury property market has had some fire sales.

In a Malaysian Pop-Up City, Echoes of China’s Housing Crash

22 October 2024 at 12:42
Forest City was an audacious $100 billion project by a top Chinese developer. Today, the project is a fraction of what had been planned and the developer is broke.
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