'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'
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Luigi Mangione, a 26-year-old suspect in the shocking assassination of UnitedHealthcare CEO Brian Thompson, was apprehended in Altoona, Pennsylvania. Mangione was arrested at a McDonald’s after an employee recognized him from police photos. Authorities found him in possession of a U.S. passport, multiple fake IDs, a silencer, and a weapon believed to be the "ghost gun" used in the Murder.
Mangione, a Maryland native and Ivy League graduate, is alleged to have meticulously planned the crime. His motivations may tie to grievances against the healthcare industry, as suggested by a handwritten note found on him. The note and bullet casings recovered from the scene bore cryptic messages referencing alleged industry practices, hinting at ideological motives.
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Israeli strikes across the Gaza Strip overnight and into Sunday killed at least 22 people, including five children, Palestinian medical officials said.
Credit: euronews (in English) Duration: 00:40Published
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"The vast majority of farms will pay nothing more under the new scheme - that's been validated by the Independent Office for Budget Responsibility," Mr Reed added.
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