McDonald’s, Starbucks Experience Sales Decline as Israel-Hamas Conflict Drags On

McDonald's and Starbucks blamed the Israel-Hamas conflict for a sales drop in 2023. American restaurant giants McDonald's and Starbucks have pointed fingers at the ongoing conflict between Israel and Hamas as the reason for a decline in sales towards the end of 2023.


Top US Treasury Officials to Visit China to Discuss Economic Issues That Put the Two Superpowers at Odds

A team of five officials from the US Treasury Department is heading to China this week for economic talks.

New EU Biometric Border Checks Prompt Eurostar to Issue Warning About Passenger Caps

According to the station owner HS1, Eurostar may have to limit St. Pancras departures due to biometric border procedures later this year.

Philippines' Meralco Sees an Increase in Electricity Bills This February

Electricity consumers in the Philippines may face another increase this February, according to Meralco.


Latest News

US Disabled Widespread Chinese Hacking Operation That Compromised Thousands of Internet-Connected Devices: Report
The US has reportedly taken measures to counter a widespread Chinese hacking operation that compromised thousands of internet-connected devices.
Markets Stabilise After Turbulence Last Week
The European index rose 3.1% last week to its highest level since January 2022. Investors in Europe's stock markets are bracing for a flood of earnings reports, data releases, and statements from central banks, with the trading getting off to a shaky start this week.
Oil Climbs 1% After Houthi Rebels Attack on British Oil Tanker; Trafigura Assesses Red Sea Risks
Trafigura is evaluating the security risks of future Red Sea voyages following an attack on the company's Marlin Luanda oil tanker by Yemen-based Houthi rebels.
British Oil Tanker Hit by Houthi Missile After Firing at US Warship as China Urges Rebels to Stop Red Sea Attacks
A British oil tanker was reported to be engulfed in flames in the Gulf of Aden after Houthi rebels hit it with a missile on Friday after transiting the Red Sea.
US-ECONOMY-BUSINESS-FINANCE-BANKING
Treasury Secretary Janet Yellen supported President Joe Biden's economic program, comparing it with that of former President Donald Trump.
Keppel DC REIT's Second-Half DPU Falls 16.1% on Higher Property Expenses and Finance Costs
Keppel DC REIT has faced a 16.1% to 4.332 cents decline in its distribution per unit (DPU) for the second half of the year.
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Saudi Arabia has opened its first liquor store in over 70 years, marking a significant departure from its conservative traditions.
NATO Signs $1.2 Billion Contract for 155mm Artillery Ammunition to Boost Ukraine's Depleted Supplies
NATO has signed a $1.2 billion contract for thousands of artillery shells, some of which will be delivered to Ukraine after it complained of ammunition shortages amid war with Russia.
Here's Why EU's Confiscation of Russian Central Bank Assets Is Highly Unlikely
The European Union (EU) is unlikely to seize the frozen assets of the Russian central bank in Europe, according to senior EU officials.
Warren Buffett–Backed BYD Beats Volkswagen as China’s Biggest Carmaker
Warren Buffett-backed BYD has seized the top position in China's car market, ending Volkswagen's 15-year reign.
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