Starbucks Starbucks, along with its partner Delek Group of Israel, closed all six of its locations in Israel, citing "on-going operational challenges" and a "difficult business environment." The Starbucks location in the former imperial palace in Beijing closed in July 2007. The coffee shop had been a source of ongoing controversy since its opening in 2000 with protesters objecting that the presence of the American chain in this location "was trampling on Chinese culture." In July 2008, the company announced it was closing 600 underperforming company-owned stores and cutting U.S. expansion plans amid growing economic uncertainty. On July 29, 2008, Starbucks
1986 United States bombing of Libya in July of that year. On 14 August 2008, the resulting U.S.-Libya Comprehensive Claims Settlement Agreement was signed in Tripoli by Assistant Secretary of State for Near Eastern Affairs David Welch and by Libyan Secretary for American Affairs Ahmad Fituri. In October 2008, Libya paid US$1.5 billion (in three installments of $300 million on 9 October 2008, $600 million on 30 October 2008, and US$600 million 31 October 2008) into a fund used to compensate the following victims and their relatives: To pay the settlement, Libya demanded US$1.5 billion from global oil companies operating in Libya's oil fields, under threat