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McDonald’s profits hit by inflation, boycotts over Israel-Hamas war

McDonald’s profits were lower than expected as soaring menu prices due to inflation and boycotts at franchised restaurants in the Middle East weighed on profits. McDonald’s on Tuesday reported first-quarter net income of $1.93 billion, or $2.66 per share. Excluding restructuring charges, Golden Arches’ earnings were $2.70 per share. Although it was up from the […]

McDonald’s to buy Israel franchise hit by boycotts after Oct. 7

McDonald’s will buy the 30-year-old Israeli franchise from Aronyar, taking back ownership of 225 restaurants in the country that employ more than 5,000 people, the companies announced Thursday. The fast-food chain has been the target of boycotts and protests since Aronyar announced it would donate free meals to Israeli troops shortly after the Oct. 7 […]

Gov. Greg Abbott responds to SXSW boycotts

Texas Gov. Greg Abbott (R) briefly dismissed bands who announced a boycott over the South by Southwest festival, one of the state’s biggest annual events. This annual event has featured film, music, interactive media, and conferences in Austin, Texas since 1987. Austin is typically considered the most arts-centric city in the state. The typically progressive […]

Exclusive – Sen. J.D. Vance Boycotts Biden’s State of the Union Address

Breitbart News exclusively reports that Sen. J.D. Vance (R-Ohio), a freshman Republican close to former President Donald Trump, is boycotting Democratic President Joe Biden’s State of the Union address on Thursday night. Ta. Vance told Breitbart News that he didn’t want to “justify” all the lies that Biden would tell in a speech he attended. […]

Starbucks franchisee fires 2,000 workers amid Israel-Hamas war boycotts

Starbucks’ Middle East franchisees announced on Tuesday that around 2,000 employees at coffee shops in the region would be laid off after it emerged that Starbucks had been targeted by activists during the ongoing Israeli-Hamas war in the Gaza Strip. announced that it had begun layoffs. Kuwait-based Alshaya Group, a private family company that holds […]

Israel Boycotts Truce Talks As Hamas Rejects Presenting Full List Of Hostages: Report

US government says ceasefire is close and should be concluded (File) Cairo, Egypt: Israel boycotted Gaza ceasefire talks in Cairo on Sunday after Hamas rejected demands for a complete list of names of surviving hostages, according to Israeli newspaper reports. A Hamas delegation has arrived in Cairo for talks, which were said to be the […]

Kevin O’Leary boycotts ‘loser’ New York after Trump verdict

“Shark Tank” star Kevin O’Leary is a “loser” after a Manhattan judge orders former President Donald Trump to pay $355 million as part of a civil lawsuit alleging fraudulent business practices. He said he has no intention of investing any money in New York. O’Leary issued a warning to real estate investors following Judge Arthur […]

McDonald’s says Israel boycotts are hurting its business 

McDonald’s said on Monday that ongoing tensions in the Middle East are hurting its business. Fourth quarter and full year 2023 report The Chicago-based burger chain said Monday that sales at its Licensed Markets business, which includes most of its stores in the Middle East, rose only 0.7% last quarter. The company said the low […]

Starbucks, Coke Boycotts Over Gaza War Drive Success For Regional Rivals

This trend is spreading not only in parts of the Middle East but also beyond. Since the Israeli-Hamas war began in October, Nayela Ahmed, a 19-year-old mass communications student living in Cairo, has stopped going to her local Starbucks. The American coffee chain is on several consumer boycott lists circulating on Egyptian social media. “Me […]