NEW YORK: McDonald’s reported higher quarterly profits Monday, although comparable sales growth slowed as it cited a blow from war in the Middle East. The big restaurant company, which has enjoyed robust revenues as inflation drove customers to the chain, still achieved sales increases, but not as big as inflation
WASHINGTON: US existing home sales fell in the final month of 2023, ending a tough year for real estate with full-year sales at the lowest level since 1995, according to industry data released Friday. For all of last year, sales of existing homes, which form the vast majority of the
LOS ANGELES: Unionised journalists at the Los Angeles Times walked off the job Friday for the first time in the paper’s 142-year history, after management said it planned significant job cuts to help plug a gaping financial hole. Scores of employees gathered at a park in downtown Los Angeles to
NEW YORK: Staff at Sports Illustrated, the famed American sports magazine that became a fixture for athletes and fans, were laid off on Friday by publisher The Arena Group, according to the SI employees union. Arena group missed a licensing rights payment to brand owner Authentic Brands Group (ABG), which
MONTEVIDEO: Uruguay’s capital Montevideo celebrates its 300th birthday starting with a music concert this weekend, even as the actual date of the city’s founding has become the subject of political disagreement. For the leftist government of the city that is home to half of Uruguay’s 3.4 million people, there is
NEW YORK: US auto giant Ford said Friday that it is reducing production of its F-150 Lightning electric pickup, as it anticipates weaker demand for electric vehicles this year. The automaker plans to cut production at the Rouge Electric Vehicle Centre to one shift from April 1, impacting about 1,400
SEOUL: Seoul’s chief of police has been charged with professional negligence over the deadly 2022 Halloween crush that killed nearly 160 people, prosecutors in the South Korean capital said. On Oct 29, 2022, tens of thousands of people — mostly in their 20s and 30s — had been out to
SEOUL: North Korea said on Friday that it had tested an “underwater nuclear weapon system” in response to joint naval exercises by Washington, Seoul and Tokyo that involved a US nuclear-powered aircraft carrier. The drills were “seriously threatening the security” of the North, so in response, Pyongyang “conducted an important
ANKARA: Turkey on Thursday hailed the unexpected sighting of the leopard barbel fish (pic) — listed as one of the most endangered in the world — in the Tigris River. Environmentalists say the spotted carp-like fish was last seen in the wild more than a decade ago and was feared
MELBOURNE: Defending champion Aryna Sabalenka described Friday’s 6-0, 6-0 demolition of Lesia Tsurenko at the Australian Open as “perfection”, but said she could get even better in a chilling warning to her rivals. The Belarusian world number two has dropped just six games in her three matches at the tournament
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