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McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>The company saw same-store sales rise by <br/>1.9% worldwide between January and March, <br/>below the Wall Street forecast of 2.1%.<br/>Increased menu pricing and delivery demand <br/>saw same-store sales in the U.S. increase by 2.5%.<br/>In international markets, sales fell <br/>by 0.2% for the first time since 2020.<br/>Despite this, McDonald's said the company's revenue <br/>increased 5% to reach $6.17 billion, while net income went <br/>up 7% to $1.93 billion, in-line with Wall Street estimates.<br/>'The Independent' reports that Muslim-majority <br/>markets like Indonesia, Malaysia and the Middle East <br/>have been boycotting McDonald's for months.<br/>The boycotts started after a McDonald's franchise in <br/>Israel announced in October that it would provide free <br/>meals for Israeli troops amid the ongoing war in Gaza.<br/>In the months since then, the company has tried to limit <br/>the fallout by taking over all 225 McDonald's in the country <br/>with the purchase of Alyonal Limited, its Israeli franchise.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'
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Join us as we delve into Donald Trump's candid conversation with the Milwaukee Journal Sentinel regarding his plans if he loses the 2024 White House race to Biden. Trump's remarks on election integrity and potential outcomes shed light on his post-election strategy. Stay tuned for insights and analysis on this critical issue. <br/> <br/> <br/>#USNews #USPresidentialElection #UnitedStates #AmericanElection #DonaldTrump #JoeBiden #BidenvsTrump #TrumpSpeech #Oneindia<br/>~HT.178~PR.274~ED.103~GR.124~
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United States Secretary of State Antony Blinken has signaled to Israel that the Zionist state needs to cancel plans for a ground operation in Rafah and make a hostage release deal with Hamas as soon as possible.<br/><br/>Blinken is of the view that an attack on Rafah will make Israel lose the opportunity to normalize relations with Riyadh, according to a report by The Times of Israel on Thursday, May 2, 2024, citing a number of sources familiar with the matter.<br/><br/>The chances of reaching a normalization deal are getting closer, so a major ground attack on Rafah would probably stall the deal completely, Blinken told Israeli officials during his visit to Israel on May 1, 2024, as part of a series of Middle East visits.<br/><br/>Earlier this week, the media reported that Washington and Riyadh might sign a defense pact in the coming weeks that would, among other things, provide for the establishment of diplomatic relations between Saudi Arabia and Israel.<br/><br/>Israeli Prime Minister Benjamin Netanyahu will reportedly be offered to end military operations in the Gaza Strip, join the agreement, or abandon it.<br/><br/>In January, the media reported that Saudi Arabia had resumed negotiations with the United States on a defense deal after a three-month hiatus due to recent escalations in the Middle East.<br/>The United States launched the process of normalizing relations between Israel and the Arab world in 2020.<br/><br/>As a result of these efforts, in September 2020, Israel, the United Arab Emirates, and Bahrain signed a series of documents known as the Abrahamic Accords. Morocco also signed it in December of the same year.<br/><br/>In January 2021, Sudan also signed the declarative part of the agreement but did not sign documents related to Israel like other countries due to differences of opinion between Sudan's military and civilian leadership on the matter.<br/><br/>In early August 2023, Washington and Riyadh agreed on the outlines of a deal to normalize relations between Saudi Arabia and Israel.
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