McDonald's to Permanently Close All of Its Locations in Russia
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
McDonald's to Permanently Close All of Its Locations in Russia
McDonald's , to Permanently Close , All of Its Locations in Russia.
BBC reports that McDonald's
will permanently close its 850 locations
in Russia after 30 years.
.
In March, the fast food giant
temporarily closed all of
its outlets in Russia.
.
In March, the fast food giant
temporarily closed all of
its outlets in Russia.
.
According to McDonald's, the decision was made
because of the "humanitarian crisis" and "unpredictable
operating environment" caused by the Ukraine war.
According to McDonald's, the decision was made
because of the "humanitarian crisis" and "unpredictable
operating environment" caused by the Ukraine war.
The company said that continuing
to operate in Russia was "no longer tenable"
or consistent with McDonald's values.
The company said that continuing
to operate in Russia was "no longer tenable"
or consistent with McDonald's values.
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
McDonald’s Suffers , Global Tech Outage.
On March 15, McDonald's stores around the world
either shut down or paused online ordering due
to a technology outage, NBC News reports.
Locations that reported the most disruptions include Australia, China, Britain and Japan,
as well as other areas in Asia and Europe.
Many stores across the country have
temporarily suspended operations. We
apologize for any inconvenience caused to our
customers. There is currently a system failure, McDonald's Japan, via X.
Due to a computer system failure,
the mobile ordering and self-ordering
kiosks are not functioning. , McDonald's China, via Facebook.
Please order directly at the
restaurant counter. Sorry for
any inconvenience caused, McDonald's China, via Facebook.
At around 4 p.m. local time, the
'South China Morning Post' reported
that the problem had been fixed.
The McDonald's Corporation
also issued a statement.
We are aware of a technology outage,
which impacted our restaurants;
the issue is now being resolved. , McDonald's Corporation spokesperson, via statement.
We thank customers for their patience
and apologize for any inconvenience
this may have caused, McDonald's Corporation spokesperson, via statement.
Notably, the issue is not related
to a cybersecurity event, McDonald's Corporation spokesperson, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
McDonald's experienced a global technology outage affecting operations in Japan, the UK, and Australia, disrupting in-person and mobile orders. The company ruled out a cybersecurity incident. Despite efforts to restore functionality, the exact extent of the disruption remains unclear. Similar incidents recently affected Meta-owned platforms. Customers in Asia faced difficulties with orders and kiosks
#MCdonalds #MCDonaldsBurger #MacBurger #GlobalTechOutage #cyberattack #Internetnews #Worldnews #Oneindia #Oneindianews
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The Senate has passed $95bn (£76.2bn) in war aid to Ukraine, Israel and Taiwan after months of delays and rows - with Joe Biden set to sign the legislation.. Sky News
Rishi Sunak has arrived in Berlin where he is set to meet German Chancellor Olaf Scholz for talks on Wednesday. The topics of the meeting at the Chancellery will include mutual relations, the Russian war against Ukraine and the situation in the Middle East. It comes as Rishi Sunak met in Warsaw, Poland, on Tuesday with Prime Minister Donald Tusk and Nato Secretary General Jens Stoltenberg to discuss security.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ukraine's Foreign Minister, Dmytro Kuleba, urges India to reconsider its ties with Russia, citing a fading Soviet legacy. Amid escalating tensions between Russia and Ukraine and growing Chinese-Russian relations, Kuleba emphasizes India's security interests. Despite historic alliances, Ukraine seeks India's support, highlighting potential partnerships in trade and technology.
#Ukraine #UkraineIndia #IndiaRussia #DmytroKuleba #Kuleba #Zelensky #RussiaUkraine #Worldnews #Oneindia #Oneindianews
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The terror attack at the Crocus City concert hall in Moscow's northern Krasnogorsk suburb, has claimed the lives of more than 60 people and wounded over 100. Islamic State (ISIS) has claimed responsibility for the horrific attack in Russia, which involved gunfire and a grenade explosion. This terror attack came days after Russian President Vladimir Putin cemented his grip on the country in a highly orchestrated electoral landslide. The incident took place just before Soviet-era rock group "Picnic" was to perform at the Crocus City Hall. Video footage of the horrific attack is being shared on social media, in which people can be seen screaming and running amok in a bid to save their lives. In another video, flames and black smoke could be seen rising from the hall. Several world leaders have condemned the terrible incident in Moscow.
#MoscowAttack #Terrorism #CrocusCityHallAttack #CrocusCityAttack #MoscowTerrorAttack #ConcertHallAttack #Russia #SecurityThreat #GlobalResponse #PrayForMoscow #Solidarity #Peace #TerrorAttack #InternationalCommunity #Safety #Condolences #Support #SecurityMeasures #Unity #Peacekeeping #GlobalConcern #MoscowConcert #StandTogether
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The Ukrainian army announced on Sunday that it hit and damaged the Russian ship ‘Kommunua’ in the city of Sevastopol by the Black Sea.
The Moscow-appointed governor of the region also reported attacks and fires in Crimea.
Credit: euronews (in English) Duration: 01:02Published
Rising water levels in Russia and Kazakhstan trigger mass evacuations, affecting over 100,000 people. Unprecedented floods hit major cities like Moscow and Astana, prompting states of emergency. Evacuations continue as rivers swell, with warnings issued for residents to leave flood-prone areas immediately. Officials work to bolster defences and manage the escalating crisis.
#russiafloods #russiafloodstoday #russiafloods2024 #moscow #Astana #russiafloodsand #russiafloodsandrussia #Worldnews #Oneindia #Oneindianews
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As tensions rise between Russia and Ukraine, the United States issues a stern warning to China, vowing accountability if Moscow makes territorial gains. Join us for the latest developments as the US threatens sanctions against China for supporting Russia's actions. Subscribe for updates on global diplomatic tensions and their implications.
#Russia #Ukraine #RussiaUkraine #RussiaUkraineWar #RussiaUkraineConflict #RussiaUkraineTensions #USChinaRelations #UnitedStates #Oneindia
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Starbucks to Exit Russia, , Close 130 Licensed Locations.
On May 23, Starbucks announced
that it will exit the Russian market
after 15 years of operation. .
NBC reports that Starbucks has now..
Credit: Wibbitz Top Stories Duration: 01:30Published