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
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
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8 Countries with Lower
Cost of Living Options.
KindaFrugal.com recently offered some tips for readers
looking to relocate abroad due to the increasing cost
of housing, healthcare and other essential expenses in the U.S. .
Here are some of the countries they say
offer a more reasonable cost of living:.
Portugal, In addition to a relatively low cost of living,
Portugal is a sought-after destination due
to beautiful weather and minimal taxation.
Ecuador, Affordable housing costs include average square
foot prices for city center apartments less than
half the average of in the U.S. at just $116.48.
Vietnam, Affordable housing, inexpensive groceries and
transportation costs make this an attractive option
for expats looking for a comfortable lifestyle overseas.
Montenegro, An affordable lifestyle, beautiful weather and
over 183 miles of coastline gives this quiet
Balkan nation a Mediterranean vibe. .
Malaysia, Reasonable housing, utility and transportation costs
give would-be expats a chance to save money,
while still living comfortably in a tropical nation.
Poland, Europe's sixth-largest economy
has an average cost of living
that's 58% lower than in the U.S.
Thailand, Favorable exchange rates allow Western
expats to enjoy a comfortable lifestyle
while stretching their finances further. .
Costa Rica, Affordable housing, healthcare services and amenities
makes Costa Rica ideal for stretching retirement
savings while still living a more luxurious lifestyle.
Credit: Wibbitz Top Stories Duration: 01:31Published
Jaffer Sadiq, allegedly the linchpin of a ₹2,000-crore drug ring, was arrested by the Narcotics Control Bureau in Delhi. His syndicate trafficked 3,500kg of pseudoephedrine disguised as food cargo to Australia, New Zealand, and Malaysia. Sadiq, a Chennai-based film producer and former DMK member, purportedly invested proceeds in real estate and movie production.
#JafferSadiq #NCB #DMK #JafferSadiqDMK #TeluguFilms #SukeshConman #StalinJunior #Tamilnadunews #Indianews #Oneindia #Oneindianews
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Goldy Brar, the prime suspect in the Murder case of Punjabi singer Sidhu Moosewala, has been fatally shot in the US, according to media reports. According to reports, citing American news channels, Brar, who was declared a terrorist by the Home Ministry, was attacked on Tuesday evening in Fairmont and Holt Avenue. Unidentified attackers allegedly opened fire on Brar and his buddy as they were standing outside his house and then fled the area. Two people were taken to the hospital where one of them died.
#SidhuMoosewala #GoldyBrar #ArshDallaLakhbir #MurderMastermind #USCrime #GangWarfare #JusticeForGoldyBrar #RivalryEndsInViolence #CriminalJustice #CrimeNews
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Hong Kong witnessed a stunning display of nature's power as nearly 10,000 lightning strikes illuminated the city overnight. From towering residential buildings to iconic landmarks, witness the electrifying spectacle that lit up the skies. Stay tuned for more updates on this breathtaking event
#HongKong #HongKongLightening #HongKongThunderstorm #ChinaRains #HongKongNews #HongKongThunderstorm #Oneindia
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In China's southern Guangdong province, heavy rains led to a highway collapse, resulting in the deaths of 19 individuals. The incident highlights the dangers posed by extreme weather events in the region. Rescue efforts are underway as authorities work to address the aftermath of the collapse and mitigate further risks to public safety.
#China #Guangdong #GuangdongRains #ChinaFloods #ChinaRains #Chinaupdate #Worldnews #Oneindia #Oneindianews
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Panic ensues as over 100 schools in Delhi-NCR receive bomb threats, prompting swift action from security agencies. The Home Ministry labels the threats as 'hoax', but investigations are ongoing. Stay updated with the latest developments on this alarming situation.
#delhischool #delhischoolnews #delhithreat #delhischoolthreat #delhi #bombthreat #delhincr #delhipolice #englishnews #latestnews #newstoday #breakingnews #dps #sanskritischool #noidaschool
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Watch the aftermath of a harrowing collision in downtown Los Angeles, where a University of Southern California shuttle bus and a Metro light rail train collided, leaving over 50 people injured. Stay tuned for updates on the investigation and the response to this shocking incident.
#TrainBusCollide #LosAngeles #Metro #Downtown #LosAngelesNews #LA #SouthernCalifornia #LosAngelesAccident #Oneindia
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Groups of teenagers ransacked an Apple store in the US's Philadelphia on Tuesday looting iPhones, iPads, and other products, stuffing them into plastic bags before fleeing. The teens, reportedly more..
Days after an offensive video from a pro-Khalistan group threatening Hindus in Canada to leave the country went viral, top federal public safety officials and politicians have denounced the ''online..
A couple from Punjab, who went viral for selling kulhad pizza, are embroiled in a controversy after a clip, allegedly featuring them, surfaced on the Internet. The food cart owner, Sehaj Arora, has..
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