Chinese brands are overtaking former Western heavyweights. One example is Luckin Coffee. Starbucks used to dominate the market for on-the-go coffee. Now, a domestic competitor is taking over. The ingredients are the same as in other sectors: A better sense of the market and a head start on digitization. Zero Covid speeds up the shift.
By Redaktion Table
The EU Commission will probably trigger the new rule of law mechanism after the Hungarian prime minister's election victory. However, financial sanctions alone will hardly suffice in the fight against Orbán's "illiberal democracy". The European Union must face the question of how it wants to deal with Hungary.
By Redaktion Table