'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'
McDonald's is admitting that not every kid who has a Happy Meal is beaming with joy ... emphasizing this point with a major redesign to their iconic Happy Meals,.. TMZ.com
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
In a surprising turn of events, the United States disclosed that Iran sought its assistance following the helicopter crash that tragically killed President Ebrahim Raisi over the weekend. While offering condolences, Washington stated that it was unable to accommodate the Iranian request due to logistical challenges. This rare appeal from Iran, which typically regards America and Israel as adversaries, was revealed by the US State Department during a news briefing. Responding to queries about potential blame from Tehran, US Defense Secretary Lloyd Austin firmly denied any US involvement in the crash.
#EbrahimRaisi #RaisiDeath #USEbrahimRaisiDeath #TehranBlamesUS #JoeBiden #RaisiFuneral #IranMourning #CrashSite #Visuals #RescueEfforts #HelicopterCrash #IranianTragedy #BreakingNews #IranianPresident #Investigation #Condolences #NationalMourning #NewsUpdate #EmergingDetails #VideoFootage
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Israel's visit to Hampden Park to face Scotland in Euro 2025 qualifying on 31 May will be played behind closed doors because of security concerns. BBC Sport
Scotland Women's upcoming Euro 2025 qualifiers against Israel will be played behind closed doors amid safety concerns over fears of "planned disruptions" at the.. Sky News
Amal Clooney has revealed she was on the panel of international legal experts who recommended seeking arrest warrants for Israeli Prime Minister Benjamin.. Sky News
Solar Power Breakthrough , Could Bring Clean Energy to, Heavy Manufacturing.
A new solar-powered device may have
reached a breakthrough, generating
temperatures over 1,000 degrees Celsius. .
The breakthrough was detailed in a study
published in the journal 'Device.'.
'The Independent' reports that the development
raises hopes that green energy could be used to
run some of the world's most fossil fuel-intensive
manufacturing processes. .
'The Independent' reports that the development
raises hopes that green energy could be used to
run some of the world's most fossil fuel-intensive
manufacturing processes. .
Using synthetic quartz crystals, the new
proof-of-concept device traps solar energies
at temperatures over 1,000 degrees Celsius. .
The breakthrough could bring clean energy
to carbon-intensive industries like cement,
chemical and metal manufacturing.
These manufacturing industries
alone account for almost a quarter of
the world's total energy consumption.
The new device reportedly relies upon a phenomenon
known as the thermal trap effect to harness the power
of the sun more efficiently than ever achieved before.
Previous research has only managed to
demonstrate the thermal trap effect up
to 170C. Our research showed that solar
thermal trapping works not just at low
temperatures, but well above 1,000C. , Emiliano Casati, Study co-author from ETH Zurich, via 'The Independent'.
This is crucial to show
its potential for real-world
industrial applications, Emiliano Casati, Study co-author from ETH Zurich, via 'The Independent'.
'The Independent' reports that researchers are looking
to optimize the thermal trap effect to find
new applications for the groundbreaking process.
Credit: Wibbitz Top Stories Duration: 01:31Published
Astronomers Witness , Merger of 2 Black Holes, From the 'Cosmic Dawn'.
'The Independent' reports that NASA's
Webb Space Telescope has made the most
distant detection of merging black holes. .
Two gigantic black holes and the galaxies that they stood
at the center of merged together just 740 million years
after the universe was formed in the Big Bang.
One of the black holes is a staggering 50 million
times larger than our Sun, and the other
is believed to be a similar gigantic size. .
Astronomers have long wondered how supermassive black holes are so big. .
Lead author Hannah Ubler of the University of Cambridge
says the findings suggest that mergers like this ancient
example show how black holes are able to grow so rapidly.
According to Ubler, the latest Webb
discovery also suggests that black holes
have been merging since the "cosmic dawn.".
Massive black holes
have been shaping
the evolution of galaxies
from the very beginning, Hannah Ubler, lead author from the University
of Cambridge, via 'The Independent'.
In 2021, NASA launched Webb, intended
to replace the Hubble Space Telescope.
Webb is the largest and most powerful
observatory ever launched into space. .
The joint U.S.-European project surveys
the universe from a vantage point located
about 1 million miles away from Earth.
Credit: Wibbitz Top Stories Duration: 01:31Published
Boeing Faces, Potential Criminal Charges , Following String of Incidents.
'The Independent' reports that federal officials have
issued a warning to Boeing regarding possible criminal charges due to the airliner's failure to improve safety. .
The government-issued warning comes after
a series of incidents, including two 737 Max
jet crashes within a five-month span. .
One crash occurred in Indonesia in
2018 and another took place in Ethiopia in 2019.
A total of 346 people were
killed in the two crashes.
Following those two crashes,
Boeing agreed to pay $2.5 billion and
make a number of safety improvements.
Feds now accuse Boeing of violating that deal and
claim the company could face further prosecution
following a series of incidents in recent months.
In January, an Alaska Airlines Boeing
737 MAX 9 had a door plug
blow off mid-flight. .
That incident resulted in the FAA
ordering all 171 MAX 9 jets be grounded
while the agency investigated the incident. .
For failing to fulfill completely the terms
of and obligations under the [deferred
prosecution agreement], Boeing is subject
to prosecution by the United States for
any federal criminal violation of which
the United States has knowledge, Department of Justice lawyers
letter to a federal judge, via 'The Independent'.
'The Independent' reports that a number of whistleblowers
have accused Boeing of cutting corners when it comes to
quality and expertise in exchange for short-term profit.
Credit: Wibbitz Top Stories Duration: 01:31Published
5 Tips, for Beginner Cyclists .
1. Safety first.
Look for a helmet that is
lightweight and comfortable.
Safety features like MIPS, multi-directional impact protection system, help protect you from different types of impact. .
2. Be aware of the
traffic environment
and road conditions.
Find a cycling guide to brush up on
road safety awareness, basic road
positioning, observation and anticipation.
3. Download a cycling app. .
A cycling app
can help you
optimize your trip.
'The Independent' recommends Bike Hub
Journey Planner which offers spoken
instructions, multiple routes and a
number of other handy features. .
4. Basic maintenance
is essential.
Most importantly, check
the tire pressure, brake lines,
brake pads and oil the chain. .
A local bike service center
can always help you. .
5. Find a cycling club. .
Finding other experienced cyclists
to ride with is a great way to become
a more competent rider. .
It's time to
hit the road.
Credit: Wibbitz Top Stories Duration: 01:31Published
The untimely demise of Iranian President Ebrahim Raisi in a helicopter crash has introduced a significant variable to the political landscape of the Middle East. Join us as we explore the potential impacts of Raisi's death on regional stability, Iran's hardline policies, and the future of international relations in West Asia. Will this event lead to a shift in Iran's approach towards its adversaries, or will the current regime maintain its course? Watch now to understand the broader implications of this pivotal moment in Middle Eastern geopolitics.
#EbrahimRaisi #EbrahimRaisiDied #EbrahimRaisiHelicopter #AmirAbdollahian #IranianPresident #IranianPresidentAccident #IranNews #BreakingNews #NewsBreak #Oneindia
~HT.97~PR.274~ED.155~
In a devastating turn of events, Iranian President Ebrahim Raisi, Foreign Minister Hossein Amirabdollahian, and other top officials have died in a helicopter crash in northwest Iran. The crash occurred in heavy fog while returning from Azerbaijan, claiming the lives of all on board. This tragic incident comes amid rising tensions in the Middle East and has left the nation in shock. Watch for full details on this heartbreaking story and its implications for Iran's future.
#EbrahimRaisi #EbrahimRaisiDied #EbrahimRaisiHelicopter #AmirAbdollahian #IranianPresident #IranianPresidentAccident #IranNews #BreakingNews #NewsBreak #Oneindia
~PR.274~ED.101~GR.125~
Defence chiefs are scrambling to get more planes for a D-Day 80th anniversary parachute drop as crises in Ukraine and the Middle East have left the RAF's fleet.. Sky News
Spain denied port access to a Danish ship carrying 27 tons of explosives from Chennai to Haifa, Israel, citing the need for peace in the Middle East over more weapons. Spanish Foreign Minister Jose Manuel Albares emphasized this new policy amid the ongoing Gaza conflict, which began on October 7. Spain has also halted arms sales to Israel and urged EU capitals to recognize Palestine.
#Spain #Israel #IsraelGaza #IsraelGazawar #Gazawarlive #Gazawarupdates #PedroSanchez #WarLive #Israelattack #Worldnews #Oneindia #Oneindianews
~HT.99~PR.152~ED.102~
Guided-missile destroyer INS Delhi, fleet tanker INS Shakti and anti-submarine warfare corvette INS Kiltan, under the command of Eastern Fleet chief Rear Admiral.. IndiaTimes
Tragedy struck on Tuesday as two helicopters collided mid-air during a rehearsal for a Royal Malaysian Navy parade, resulting in the loss of ten lives. The navy confirmed that all victims were crew members aboard the aircraft involved in the accident. The incident occurred at the Lumut naval base in the western state of Perak at 9:32 a.m. local time.
"All victims were confirmed dead at the scene and sent to the Lumut army base hospital for identification," the navy said.
#MalaysianNavy #HelicopterCollision #NavalParadeTragedy #LumutBase #MilitaryAccident #HelicopterCrash #NavalRehearsal #Condolences #TragicLoss #NavyPersonnel
~PR.152~ED.155~
An airline worker plummeted several feet to the ground from an airplane ... this after his coworkers inadvertently screwed him. A ground staff member at the.. TMZ.com
Indonesia's Ibu volcano roared to life on Monday morning, unleashing a dramatic eruption that sent towering columns of thick grey ash soaring several kilometres into the atmosphere, according to reports from the country's volcanology agency. The remote island of Halmahera bore witness to this explosive event, as the volcano erupted at 9:12 am, its fury lasting for approximately five intense minutes. Watch the full story.
#Indonesia #MountIbu #Volcano #Eruption #AshClouds #VolcanicActivity #NaturalDisaster #RingOfFire #MountMerapi #MountRuang #Volcanology #GeologicalHazard #SafetyAlert #EmergencyResponse #DisasterPreparedness
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Congress president Mallikarjun Kharge accuses PM Narendra Modi of lying about Congress's manifesto to mislead public on wealth redistribution and taking women's.. IndiaTimes
Congress president Mallikarjun Kharge alleged PM Modi's intentions are not clean as he is giving daily ''hate speeches'' with Hindu-Muslim rhetoric during the.. DNA
PM Modi accuses Congress and allies, including Rahul Gandhi, of supporting reservations for Muslims. He criticizes Congress for opposing a faith-neutral.. IndiaTimes
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