Higher prices, fewer Covid-19 closures lift McDonald's profits
McDonald's reported higher profits Thursday on price increases and fewer impacts from Covid-19 restrictions despite higher operating costs.
The company also saw strong sales growth in several countries outside its home market, including France, Britain, Italy and Germany.But ongoing Covid-19 restrictions in Australia resulted in"relatively flat" comparable sales, while China's results were dented by a resurgence in the virus.
"Covid-19 continued to result in varying levels of government restrictions on restaurant operating hours, limited dine-in capacity and, in some cases, dining room closures," McDonald's said."The company has applied appropriate precautionary measures, including following the guidance of expert health authorities, and will continue to adapt and enhance its approach in order to protect the safety and well-being of its customers and people."Read more: eNCA »
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Cape Town’s Covid-19 camp for homeless ‘incurred R42m irregular spending’The SIU says the city council’s failure to follow a proper procurement process meant Downings Marquee Rentals ‘profited excessively’
COVID-19 in SA | Infections increase by 3,197South Africa recorded 3,197 new COVID-19 infections in the past 24 hours. Find a new headline, nobody cares anymore! Who cares? Qhubeka ubasabise khona bezojova 😂😂😂😂
WATCH | COVID-19 | R260m spent on Cuban 'miracle drug'The South Africa National Defence Force says it has returned thousands of vials of an illegally procured immune-boosting drug, to Cuba. Maybe Lindiwe Dickenson knows more about this Did our Cuban doctors recommend it? The covid-drug was sent back. What about the money🤑where is that 'stolen'🤔🤔🤔🤔
England revives Plan A in bid to live alongside Covid-19Mask mandates and pandemic passes are no longer required
COVID-19: ‘End the National State of Disaster,’ experts sayCOVID-19: ‘End the National State of Disaster,’ experts say The National State of Disaster has been in place since March 2020 and is expected to continue at least until 15 February 2022
R7.8bn corruption exposed in SIU Covid-19 corruption reportR7.8bn corruption exposed in SIU Covid-19 corruption report: The SIU has recovered R34.2-million and is chasing a further R551.5-million of alleged graft from the government’s R152-bilion Covid-19 spend Filling their pockets instead of helping the people and country Oh....hence the R11.4bn loan I'm super excited right now. I can now pay my bills and take good care of my family. Thank you for bringing happiness to my home. With just an investment of $700 I got $5,045 in 7days. I am now debt FREE !!! imkarenfoo8