McDonald's boss blames 'misinformation' for impact of war in Gaza on business

Fast Food Chains Warn Consumers That Worker Pay Increases Will Impact Prices

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.

Krispy Kreme to Be Sold at McDonald’s Nationwide

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

McDonald’s Suffers Global Tech Outage

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

McDonald's Hit with Global Tech Outage, Services Unavailable in Several Countries | Oneindia News

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 ~PR.274~ED.194~HT.95~

United States: A look at the protests about the war in Gaza that have emerged on college campuses

US military starts pier construction off Gaza

Egypt sends delegation to Israel to broker ceasefire in Gaza

All the latest developments on the war in Ukraine.

Houthi Rebels Resume Red Sea Strikes, India-Bound Oil Tanker Targeted| OneIndia News

Yemen's Houthi rebels claimed responsibility for striking the Andromeda Star oil tanker in the Red Sea, part of their solidarity with Palestinians amid the Gaza conflict. The ship sustained damage, confirmed by Ambrey. Recent attacks on commercial vessels raise concerns of regional destabilization. The USS Dwight D. Eisenhower's departure from the Red Sea coincided with heightened tensions. #Yemen #HouthiRebels #Palestine #GazaConflict #HouthiAttacks #RedSeaAttacks #Israel #Gazawar #Worldnews #MiddleEastnews #Oneinda #Oneindia news ~ED.155~PR.320~GR.122~

Watch: UN urged investigate 'crimes committed' by Israel in Gaza

Gaza's civil defence team members have recovered almost 400 bodies buried inside the grounds of the Nasser Medical Complex in Khan Younis.

Watch: Student protests over Israel Hamas war grip several US states

Student protests on US college campuses have been growing after last week's arrest of more than 100 demonstrators at Columbia University in New York.

Families of Hamas hostages thank world leaders for demanding the release of their loved ones

Leaders of 18 nations call on Hamas to release hostages

War in Gaza: 18 countries urge Hamas to free hostages as Israeli strikes hit Rafah

All the latest developments from the Israel Hamas war.

Hamas Officials Claims It Is Ready For Truce Only In Return For Pre-1967 Borders| Oneindia

In a significant development, a top Hamas official indicated to The Associated Press a willingness to consider a five-year truce with Israel and disarm if a Palestinian state is established along pre-1967 borders. However, Israel's staunch opposition to this proposal suggests substantial hurdles to achieving a lasting peace agreement. #israelhamaswar #israelhamaslivenews #israelhamaswargazalatestnews #israelhamasnews #israelhamaswarnews #israelhamasupdate #israelhamaswarmap #israelhamaswargazatoday#Oneinda #Oneindia news ~PR.152~ED.155~GR.124~HT.96~

Protests Against Israel Intensify in US Universities, Over 550 Students Arrested| OneIndia News

Student protests against Israel's actions in Gaza spread across US campuses, with over 550 arrests. Demonstrators urge universities to sever ties with companies aiding Israel and some call for disengagement from Israel itself. Clashes erupted at various campuses, leading to arrests and cancellations of events. #studentsprotestforpalestine #studentsprotestisrael #studentsprotestagainstisrael #studentsprotesthamas #Worldnews #IsraelHamas #Oneinda #Oneindia news ~PR.320~ED.155~GR.122~HT.318~