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HONG KONG/NEW YORK—Luckin Coffee Inc said on Tuesday that Nasdaq Inc has given it notice that it plans to delist it from the U.S. stock exchange, a month after the Chinese coffee chain disclosed that some of its employees fabricated sales accounts. The move underscores Nasdaq’s renewed focus on the auditing standards of companies on its bourse. This week it tightened its listings rules with an eye to curbing initial public offerings (IPOs) of Chinese companies that are closely held by insiders and are not transparent about their accounting, Reuters reported on Monday. Luckin said in early April that as...

The coronavirus outbreak has already taken a great toll on the Chinese economy, with all headline readings pointing towards a record slowdown in growth during the first two months of the year. But there is an even greater danger for what was once the world’s fastest-growing major economy: that Covid-19 will become the catalyst that will bring its many long-simmering problems to the boil. At the centre of these problems is a rising systemic risk in its banking and financial systems caused by a high level of debt accrued over the past decade. The outbreak could not have occurred at...

...In the survey of over 8,000 swing and “persuadable” voters in Pennsylvania, Wisconsin, North Carolina, and Iowa provided to Secrets this morning, 63% said that they approve of Trump’s handling of the crisis. Just 21% disapproved. And they appear to support his gradual shift from focusing on fighting the virus to also reopening the economy, as well as a reliance more on businesses than Washington to lead the way. “Swing voters are concerned about the impact of the coronavirus and generally approve of Trump’s handling of the crisis. Moreover, they are more concerned with health risks than the economy —...