McDonald threatens legal action against MP over Hamas claim
Thursday, 2 November 2023 An MP suspended by Labour over comments he made about the Middle East conflict has threatened to take legal action against a fellow politician over a post he made on social media.
McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
The company saw same-store sales rise by
1.9% worldwide between January and March,
below the Wall Street forecast of 2.1%.
Increased menu pricing and delivery demand
saw same-store sales in the U.S. increase by 2.5%.
In international markets, sales fell
by 0.2% for the first time since 2020.
Despite this, McDonald's said the company's revenue
increased 5% to reach $6.17 billion, while net income went
up 7% to $1.93 billion, in-line with Wall Street estimates.
'The Independent' reports that Muslim-majority
markets like Indonesia, Malaysia and the Middle East
have been boycotting McDonald's for months.
The boycotts started after a McDonald's franchise in
Israel announced in October that it would provide free
meals for Israeli troops amid the ongoing war in Gaza.
In the months since then, the company has tried to limit
the fallout by taking over all 225 McDonald's in the country
with the purchase of Alyonal Limited, its Israeli franchise.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'
Credit: Wibbitz Top Stories Duration: 01:30Published
Fast Food Chains Warn Consumers , That Worker Pay Increases
Will Impact Prices.
'Newsweek' reports that franchises have
warned an increase of the minimum wage
for fast food workers in California could also
force menu prices to climb.
As of April 1, fast food restaurants in California
will have to pay employees at least $20 an hour, an
increase of four dollars from the current $16 an hour. .
Business owners have warned that the new law,
signed in by Democratic governor Gavin Newsom,
will have an impact on margins and consumer costs. .
At the end of October, McDonald's CEO Chris Kempczinski
said that the impact of the minimum wage rise would
be partially "worked through with higher pricing.".
At the end of October, McDonald's CEO Chris Kempczinski
said that the impact of the minimum wage rise would
be partially "worked through with higher pricing.".
According to McDonald's numbers, the price of
the signature Big Mac burger is currently $5.89
in California, the 10th highest in the United States.
The latest data compiled by 'The Economist' shows that
the average price of a Big Mac nationwide is currently
$5.69, which is up from $5.36 at the same time in 2023. .
Last year, McDonald's , reported net profits of , almost $8.5 billion.
According to the company's latest financial reports,
sales increased 8.7% in the U.S. in 2023, which the
company attributed to "strategic menu price increases.".
According to the company's latest financial reports,
sales increased 8.7% in the U.S. in 2023, which the
company attributed to "strategic menu price increases.".
Meanwhile, Jack Hartnung, the CFO of fast food
chain Chipotle, told investors that the wage
increase would impact consumer prices with a
"mid-to-high single digit" percentage increase.
Meanwhile, Jack Hartnung, the CFO of fast food
chain Chipotle, told investors that the wage
increase would impact consumer prices with a
"mid-to-high single digit" percentage increase.
In December, Pizza Hut cited the wage
increase as the reason behind laying off
the company's in-house delivery drivers. .
In December, Pizza Hut cited the wage
increase as the reason behind laying off
the company's in-house delivery drivers.
Credit: Wibbitz Top Stories Duration: 01:31Published
Krispy Kreme to Be Sold , at McDonald’s Nationwide.
Krispy Kreme to Be Sold , at McDonald’s Nationwide.
Both food chains made the announcement
on March 26, CNBC reports. .
The rollout will start later this year but will take until the end of 2026 to reach McDonald's nationwide. .
That's because Krispy Kreme will have
to "more than double its distribution"
to meet demand, CNBC reports. .
We think we can service about
6,000 restaurants with our existing
infrastructure, mostly doughnut
shops, which have excess capacity, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Shares of Krispy Kreme jumped 22%
following the announcement.
Krispy Kreme is also expanding distribution
to grocery and convenience stores.
That means that the overall efficiency
and productivity of our distribution network will significantly improve over time, not just
because of all those local deliveries. , Krispy Kreme CEO Josh Charlesworth, to CNBC.
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonald’s
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonald’s
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
US President Joe Biden has directly offered a ceasefire to Hamas, stressing that the decision now lies with the group. Biden indicates that the ceasefire could be implemented as early as tomorrow if Hamas releases its hostages. Additionally, Biden extends an offer to Israel, providing valuable intelligence on Hamas leaders' whereabouts if Israel refrains from a major operation in Rafah. The US also pledges assistance to Israel in erecting large shelters for Palestinians evacuated from Rafah. However, Biden issues a warning to Israel, stating that the supply of artillery shells and weapons could be halted if it proceeds with an attack on Rafah. Despite multiple rounds of indirect negotiations, Hamas and Israel have yet to reach a ceasefire agreement.
#BidenCeasefire #CeasefireOffer #US #Netanyahu #RafahOffensive #biden #israel #hamas #rafah #hostage #palestine #MiddleEast #usa #IsraelHamasWar #houthis #hezbollah #iran
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Lord Cameron has condemned a video of British-Israeli hostage Nadav Popplewell as the Foreign Office investigates the claims that he has been killed in Gaza. Hamas say Mr Popplewell has died from wounds sustained in an Israeli airstrike over a month ago. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Lord Cameron has expressesd concern over Israel's plans for an offensive in Rafah, stressing the need for a clear plan to safeguard civilians. He calls for Hamas to accept the offer of a hostage deal to achieve a ceasefire and humanitarian aid access. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Israeli Defense Forces launch massive airstrikes on the city of Jabaliya in the Northern Gaza Strip, following an evacuation order due to imminent military operations. As Hamas attempts to reestablish its presence, the IDF sets the stage for a new offensive. Reports of civilian casualties emerge as Israel intensifies its ground assault, reigniting conflict in the region.
#Jabalia #JabaliaStrike #JabaliaEvacuation #IDF #IsraeliDefenceForce #Hamas #IDFSoldiers #IsraelHamasWar #GazaWar #GazaEvacuation #Oneindia
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Amid escalating tensions, Kamal Kharrazi, an adviser to Iran's leadership, issues a stark warning to Israel regarding Iran's nuclear doctrine. Watch the exclusive details of this critical development unfolding in the Middle East.
#Iran #IranvsIsrael #Rafah #RafahInvasion #IsraelHamasWar #IsraelIranConflict #AyatollahKhamenei #BenjaminNetanyahu #GazaStrip #Oneindia
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In a dramatic escalation of tensions, Hezbollah militants target Israeli military installations, including the Iron Dome, in response to ongoing aggression against Gaza. Join us for an in-depth analysis of the latest developments in the volatile Middle East.
#Hezbollah #HezbollahStrikes #HezbollahAirStrike #IsraeliIronDome #IsraelIronDome #HezbollahvsIsrael #IsraelHamasWar #IsraelIranWar #Oneindia
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President Joe Biden delivers a stern message to Israel, warning of a halt in weapons supply if a major invasion of Rafah, Gaza, occurs. Get the latest on the escalating tensions between the US and its Middle East ally.
#JoeBiden #BidenWarnsIsrael #Rafah #RafahEvacuation #RafahInvasion #RafahAttacks #USNews #USWeapons #BenjaminNetanyahu #MiddleEast #Oneindia
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Amid escalating tensions in the Middle East, the Islamic Resistance in Iraq launches a retaliatory drone attack on an Israeli port city. Learn more about the latest developments in the Gaza conflict and the ongoing struggle against Israeli aggression. Stay informed on the latest news and updates.
#Iraq #IraqvsIran #IraqRetaliation #IraqIsrael #Israel #IsraelvsIraq #IraqiResistance #IraqDroneAttack #GazaWar #IsraelPalestine #GazaConflict #Oneindia
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Tiffany Haddish unloaded on campus protesters across the country who are speaking out about the war in the Middle East -- and she's doubling down ... offering up.. TMZ.com
After their identities were revealed in Omid Scobie’s new book, Piers Morgan has reportedly left the royal family considering legal action by naming the two senior royals at the centre of the new..
The European Commission has harshly denounced the blockade at the Ukrainian border instigated by Polish truckers and farmers, threatening legal action against the government in Warsaw.
Credit: euronews (in English) Duration: 01:57Published