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NEW YORK: McDonald’s Corp fired chief executive officer Steve Easterbrook because he had a consensual relationship with an employee, losing the strategist who revived sales with all-day breakfast and led the company’s charge into delivery and online ordering.
WHEN Adda Uwais started documenting her weight loss journey on Instagram, she won an army of followers who admired her drive for results. Those loyal followers became her first clients when she established EatSlim Lifestyle, a brand that produces and distributes low-carb foods.
BRUSSELS: Adyen NV has clinched a deal to process McDonald’s Corp’s mobile app payments, beefing up the Dutch company’s portfolio of clients in an expanding sector.
HONG KONG: Chinese state-owned conglomerate Citic Ltd. is planning to significantly reduce its stake in McDonald’s China Co. more than two years after it bought into the fast-food chain, as rising costs pinch the franchise’s profit.
HONG KONG: Chinese state-owned conglomerate Citic Ltd is planning to significantly reduce its stake in McDonald’s China Co more than two years after it bought into the fast-food chain, as rising costs pinch the franchise’s profit.
A RAPIDLY spreading viral outbreak is disrupting travel and business in China, which took unprecedented steps to lock down cities with a combined 40 million people around the epicenter in Wuhan to try to slow its progress.
WILMINGTON: Starbucks Corp has closed more than half of its coffee shops in mainland China - about 2,000 of them - and Toyota Motor Corp is halting production in the country as global corporations grapple with a SARS-like coronavirus that has killed more than 130 people and is threatening a key growth market.
SDYNEY: The outbreak of coronavirus may have cost China’s retail and food service sectors billions of US dollars in sales during the Lunar New Year week, according to a leading food and agricultural bank.
KUALA LUMPUR: Iconic Worldwide Bhd posted a net profit of RM2.77mil for the third quarter ended Dec 31, 2019 (Q3FY2020), compared with a net loss of RM1.91mil posted in the same period last year.