'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'
In a stunning twist, President Donald Trump has suddenly halted all U.S. strikes on Yemenâs Houthi rebels â catching close ally Israel completely off guard. The unexpected move comes after the Houthis reportedly promised to stop attacking commercial ships, sparking speculation of a major U.S. concession in the region.
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The US bombing campaign on Yemen has been by far and away Donald Trump's most active military engagement since he took office just over four months ago. Sky News
Iran has slammed the Israeli military assault on Yemenâs Hodeidah port calling it a âcrimeâ and a âviolation of the UN Charterâ. While condemning the attacks Iran has called upon the international community to pressurise Iran to halt its âcrimes and genocideâ in Gaza. Tensions are high in the region after Israel struck Yemenâs Hodeidah port in retaliation to Houthis strike on the Ben Gurion Airport.
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Israeli warplanes launched a series of back-to-back strikes, bombing over 10 Houthi-controlled sites in Yemen, marking Israel's second ballistic missile attack in just 24 hours. The airstrikes targeted strategic locations, including military facilities, power stations, and cement factories. This escalation follows recent Houthi missile attacks on Israel, prompting Israelâs military to intensify its retaliation.
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~HT.410~PR.152~ED.194~
U.S. President Donald Trump has declared he will only accept the total dismantlement of Iranâs nuclear program. Speaking on NBCâs Meet the Press, Trump dismissed the need for Iranâs civilian nuclear power, citing its vast oil reserves. This comes after talks with Iran were indefinitely postponed, amid rising tensions in the Middle East. Trump warned that a nuclear Iran could lead to global destruction. Meanwhile, Iran continues to deny pursuing weapons and accuses the U.S. of provocation, while Israel threatens retaliation over a Houthi missile strike.
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New India-to-Europe 'spice route' gains traction amid global tensions
Hampered by the Israel-Hamas war in Gaza, the India-Middle East-Europe Economic Corridor (IMEC) project is gaining momentum with the return of US President Donald Trump to office and the trade war between Washington and Beijing.
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Gas pipeline fire near Kuala Lumpur injures more than 100
Dozens were injured after a massive fire broke out in Puchong, near Malaysia's capital, when a gas pipeline burst, sending flames spreading to homes.
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Malaysia: A massive fire erupted at a Petronas gas pipeline in Malaysiaâs Puchong town, sending 63 people to the hospital with burns and respiratory issues. The fire, which broke out Tuesday morning, caused a towering inferno, prompting evacuations and emergency relief efforts. Petronas has shut off the pipeline valve, but smoke and flames continue to rise. Authorities have sealed off the area, while ambulances rush victims to hospitals. No fatalities have been reported, but the full extent of the damage remains unknown.
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