Jan 7, 2023 - McDonald's plans corporate job cuts and restructuring

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From the Editor's Desk Global economy 2023: why there will still be plenty of pressure on food prices in the year ahead Welcome to this special report on the food industry, the fourth instalment in our series on where the global economy is heading in 2023. It follows recent articles on inflation, energy and the cost of living. Shortly after Russia invaded Ukraine, the closely watched food price index of the UN Food and Agriculture Organization (FAO) reached its highest recorded level, stoking consumer prices across the world. In the UK, for example, the prices of many everyday items increased way ahead of inflation, with bread and eggs both up 18% in the year to December, and milk up 30%. Continued here TradeBriefs: Newsletters for Decision-Makers! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month. Access to premium content | No advertisement mailers Work McDonald's plans corporate job cuts and restructuring During its most recent update to investors in October, the firm said rising prices were also posing challenges, noting that at many of its restaurants - which are operated by franchisees - there was \"increasing uncertainty and unease about the economic environment\". Work A New Area of A.I. Booms, Even Amid the Tech Gloom Radical Ventures, a venture firm in Toronto, one of the global centers of A.I. research, was created five years ago specifically to invest in this kind of technology. It recently launched a new $550 million fund dedicated to A.I., with more than half of its investments in generative A.I. companies. Now those bets look even better. � Work Israels far right hits ground running, and ripple effects are already being felt "With this government, there is no pretence," wrote Hadar Susskind, the president of the nonprofit Americans for Peace Now. "De facto annexation is a part of its platform. It is explicitly a chief goal of its members. The occupation is the rot at the core of this putrid government." Work Pioneers Go East Collective And LGBT Community Center Present Out-Front! Festival Running This January NEXT! Workshops are a creative engagement program by Pioneers Go East Collective. Designed for multigenerational participants, these creative workshops focus on performance and storytelling techniques, including movement practices, creative writing, and interview-based acting. The goal is to create a nurturing learning environment and build stronger bonds within the participants’ communities. � Work Riddle solved: Why was Roman concrete so durable? Researchers have discovered ancient Roman concrete-manufacturing strategies that incorporated self-healing. Applying this knowledge toward modern cement production, they hope to improve the materials environmental impact. Work She was convicted of killing her four children. Could a gene mutation set her free? Kathleen Folbigg has spent 19 years in prison and was dubbed Australias worst female serial killer. Now, an inquiry into her case will look at clinical genetics in a whole new way. � Work Iowa woman believed to be the oldest person in the US dies at 115 | CNN Hendricks was born as Bessie Laurena near Auburn, Iowa, on November 7, 1907, according to her published obituary. She was the oldest American resident at the time of her death, according to the Gerontology Research Group. Work Six-year-old intentionally shot teacher in Virginia school, police say Friday’s shooting will almost certainly stoke debate about restricting public access to guns in the US, even after Congress passed a bill last year that tightened restrictions on access to firearms for some people who are considered to be at risk of carrying out violence. � Work Peru protesters clash with police in airport takeover attempt in Puno Dozens of protesters attempted to take over an airport near Peru's border with Bolivia Friday as part of anti-government protests, prompting police to use tear gas to disperse them. Work ARKs Expected Value For Tesla In 2026: $4,600 per Share ARKs updated open-source Tesla model yields an expected value per share of $4,600 in 2026. Please explore and test our assumptions. � Work Fate Therapeutics plans mass layoffs, after early end to cell therapy deal with Janssen The San Diego-based biotech announced Thursday that the termination of its deal with Janssen will result in layoffs and curtailed drug development. Work Opinion | Why Biden should show some Jan. 6 rioters mercy To really make a dent in the country's overflowing prison population, hard decisions about who gets punished will have to be made. � Work US Attorneys Delve Into DCG Finances: No Accusations Yet By CoinEdition Work The surprising habit that can reverse aging and other science-backed strategies Andrew Steele, scientist and author of "Ageless: The New Science of Getting Older Without Getting Old," shares tips that can reverse aging on a cellular level. � Work Turkey says relations with China have soured over Uyghur issue Ahead of elections, Ankara insists it won't extradite anyone Work Chinese billionaire Jack Ma to relinquish control of Ant Group Ant Group's founder Jack Ma will no longer control the Chinese fintech giant after the firm's shareholders agreed to implement a series of adjustments that will see him give up most of his voting rights, the group said on Saturday. Work What is ChatGPT and how can you use it better as a data analyst? ChatGPT is the new AI chat bot created by OpenAI, and here are four ways you can use it as a data analyst or data scientist. Work Las Vegas high school student collapses, dies during flag football game The death comes just days after Buffalo Bills safety Damar Hamlin went into cardiac arrest during an NFL game Monday night. Work The Moment When Tempers Really Got Out of Control on the House Floor Mr. McCarthy downplayed the heated conversations that took place after the 14th ballot. “Oh nothing,” he told reporters who asked what happened. “I mean, we ended up with a tie, and he was able to get the others to be able to go present.” Work Jennifer Shah, Real Housewives Star, Sentenced in Fraud Scheme “Though Ms. Shah admittedly played an important role in the particular fraud in which she was involved, she was only one of many people involved, was not involved in all facets of the conspiracy, never communicated with any of the victims, and she clearly did not invent this particular fraud,” her lawyers wrote. “Nor was she a mastermind.” Work The pandemic entrepreneurs moving into the High Street But it remains to be seen whether these entrepreneurs, who proved successful operating from home during lockdown, can find success with bricks and mortar, as energy costs rise and recession looms. Work Objectivity wars: A move toward reimagining journalism There were several ways the conversation about objectivity in journalism continued throughout 2022, one of which was the Columbia Journalism Reviews September Objectivity Wars event. The discussion supplied questions for journalists to consider in their practice and priorities. Work After Dramatic 14th Vote, Trump Calls Holdouts Who Refused to Back McCarthy A photo taken of members on the House floor showed Representative Marjorie Taylor Greene, Republican from Georgia and an ally of Mr. McCarthy, holding up her cellphone, with “DT” on the other end, and trying to give the phone to Representative Matt Rosendale, who had voted for a different candidate on the most recent ballot. Mr. Rosendale appeared to brush her off as she tried to hand him the phone. Work 6-Year-Old Boy Shoots Teacher In US School, Cops Say "Wasn't An Accident" A six-year-old boy opened fire in an elementary school classroom in the eastern US state of Virginia on Friday, seriously injuring a teacher, police said. Work Anthony Albanese confident about Aukus deal despite US submarine scepticism "No boats are available before 2030 unless the US gives up its own - that would be quite remarkable - the US has been clear there is no way they can build additional submarines," Hellyer told Guardian Australia at the time. Work 6-year-old in custody after Virginia teacher injured in elementary classroom shooting No students were injured in the afternoon shooting at Richneck Elementary School in Newport News, Virginia, police said. Work Caulipower Founder Gail Becker Enters 2023 With Her Companys Biggest Campaign Ever "We make food for delish-a-tarians and it is this big uniting factor in a world where there\'s so much divisiveness. So much that separates us. Isn\'t it nice to have something that unites us? Isn\'t it great to have something that actually everybody can agree upon? We all love delicious food. We all deserve delicious. And so that is really the heartbeat of our delish-a-tarian campaign." Work How a medication abortion, also known as an 'abortion pill,' works | CNN A new Food and Drug Administration ruling may make medication abortions more accessible at least in some locations. We asked an expert what to expect if the procedure is done at home. Work Whisky Of The Week: George Dickels First 17-Year-Old Bottling Since 2016 (And Only The Second Ever) I don't know how many bottles were made of this gem, but I suspect there are fewer in the wild than there are people who want them. The handsome package — the fanciest I remember seeing for a Dickel bottling — seems tailor made for hoarders, investors and flippers. But this is one bottle you'll definitely want to open and drink. And if the past five years are any indication, there's little doubt that Austin & Co. have more rare and delicious whisky coming down the pike in short order, so drink up. Work Chinese-made mRNA vaccine starts trial production China's CanSino Biologics Inc has entered "test production phase" for its COVID-19 mRNA booster vaccine, the company said in a post on its social media account late on Thursday. Work Delhi Breathes Toxic Air, Pollution Spikes To Emergency Levels Delhi is back to breathing toxic air with the capital's air quality index or AQI in the severe category and concentration of the fine, cancer-causing pollutant spiking to emergency levels. Work Opinion | The very, very high price of Kevin McCarthy's desperation In his quest to become speaker, McCarthy has made himself a permanent hostage to the House Freedom Caucus. Work New Armored Vehicles Will Help Ukraine Take the Fight to Russia The Western allies provision of infantry fighting vehicles signals their support for new offensives in coming months, analysts said. Work The best bang for your buck: These 10-year-old used cars cost less than $16,000 and could go for another 100,000 miles A new report identified the used cars with the lowest prices and longest lifespans. Work Army starts training its 1st batch of 19,000 Agniveers hi-tech simulators, ethos crash course Simulators for training on weapons, equipment are being established. While training of second batch begins March, subsequent batches will be inducted in May & November every year. Work House speaker vote highlights: McCarthy elected speaker on 15th ballot after making concessions to far-right rebels Friday marks the fourth consecutive day the House will attempt to choose a speaker after 11 failed votes. Work Trader Joe's sued over alleged lead and cadmium in dark chocolate One lawsuit seeks $550 in damages for every time customers bought chocolate from the California grocery chain. Work McCarthy, All Carrots and No Sticks, Grinned His Way to the Speakership Almost exactly two years later, Mr. Trump helped whip votes for Mr. McCarthy this week, telling Republicans on Truth Social, his social media site, that “Kevin McCarthy will do a good job, and maybe even a GREAT JOB — JUST WATCH!” Work Mega Millions jackpot rises to $1.1 billion after no winner on Friday night No one won the estimated $940 million jackpot Friday, pushing the lottery prize to over $1 billion ahead of the next drawing Tuesday. Work A stranger gave a boy with autism a $15,000 piano after hearing him play Jude Kofie had never received a piano lesson, but had a gift for playing. Work As flu tapers off, Covid-19 again shows signs of a winter spike | CNN First, the respiratory virus season brought us RSV to worry about, and then came influenza. Now, Covid-19, which had taken a back seat to those viruses, is once again becoming a menace, and health officials are urging people to stay vigilant. Work Students in New York could get mental health days off from classes More schools and workplaces are offering dedicated mental health days, treating emotional wellness like the flu or a stomachache. Work McCarthys concessions to far-right Republicans could end up tanking global economy The US defaulting on its debt would risk tanking the US and global economy Work Stop complaining, says billionaire investor Charlie Munger: 'Everybody's five times better off than they used to be' The billionaire investor can't understand why people today aren't more content with what they have, especially after the struggles of previous generations. Work Ukraine war: Trying to run start-ups in a conflict Based near the Russian border, in the town of Sumy (near Kharkiv), her business partner made the difficult decision of moving the company across Ukraine - some 800km (500 miles) - to the city of Lviv. Work Is Adobe using your photos to train its AI? It's complicated Some have taken a recently spotted Adobe policy to mean it is using your images for its AI. And they do. Kind of? But it's not that simple. Work Mystery of why Roman buildings have survived so long has been unraveled, scientists say The majestic structures of ancient Rome have survived for millennia a testament to the ingenuity of Roman engineers, who perfected the use of concrete. Work Brendan Fraser says hes never been this famous and unsalaried at the same time Weve all got to start somewhere, actor joked Work Southwest says holiday scheduling fiasco will cost it $800 million Losses from refunds and cancellations exceed net profit Southwest made in first nine months of year. Work Southwest says holiday scheduling fiasco will cost it $800 million Losses from refunds and cancellations exceed net profit Southwest made in first nine months of year. Work Iowa woman believed to be the oldest person in the US dies at 115 | CNN Hendricks was born as Bessie Laurena near Auburn, Iowa, on November 7, 1907, according to her published obituary. She was the oldest American resident at the time of her death, according to the Gerontology Research Group. Work McDonald's plans corporate job cuts and restructuring During its most recent update to investors in October, the firm said rising prices were also posing challenges, noting that at many of its restaurants - which are operated by franchisees - there was \"increasing uncertainty and unease about the economic environment\". Work Alexa, Why Do We Keep Buying You? And I don’t want a device like Alexa to be used by corporations to learn more about my habits, lifestyle, political leanings, etc. I value what little privacy I still have, and Alexa erodes that. Work See the moment Rep. Kevin McCarthy was elected House speaker | CNN Politics Work Marcy Kaptur breaks new record in Congress with a familiar warning for the Democratic Party | CNN Politics She laments the defeat of Democrat Tim Ryan, whom she backed in last year's Ohio Senate race, and blames the national party for long ignoring disaffected voters who ultimately backed the Republican nominee. Work Video: Watch McCarthy confront Gaetz on House floor as fiasco continues | CNN Politics Work Los Angeles Dodgers officially cut ties with pitcher Trevor Bauer who served 194-game suspension for violating MLB policies | CNN According to the team website, Bauer was designated for assignment, which means a player can be traded or released within seven days. If Bauer was released, any of the other 29 teams can sign him. Work If you adopt one of these cats, Frontier Airlines will throw in a free flight too Work Mega Millions draws numbers for nearly $1 billion jackpot Friday | CNN Tuesday's drawing featured nearly 3 million winning tickets for prizes ranging from $2 to up to $4 million, the lottery said. Six tickets matched the first five numbers, winning the lottery's second-highest prize of $1 million each, the lottery said. Work 'That's all we needed': Bills' Damar Hamlin is breathing on his own and talked to teammates, bolstering them for Sunday's regular season finale | CNN Philadelphia Eagles running back Miles Sanders said he was able to video chat with Hamlin, telling him, "You know you're the most famous person in the world right now?" Work Carlos Alcaraz will miss the Australian Open due to injury | CNN This is not the first tournament Alcaraz has missed due to injury. He sat out the 2022 ATP Finals in Turin, Italy in November to recover from an abdominal injury sustained at the Paris Masters earlier that month. Work Putin avoids Russia blame game -- for now -- after Ukraine attack | CNN But the finger of blame, so far, is pointed only at military leaders, no higher. President Putin has made no public comment about the Makiivka attack, a strong indication that he intends to remain as far away as possible from an obvious debacle. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy  |  Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India Subscribe to: Post Comments (Atom) Followers Blog Archive ►  2024 (7) ►  August (1) ►  May (2) ►  April (3) ►  March (1) ▼  2023 (432) ►  December (9) ►  November (25) ►  October (20) ►  September (33) ►  August (72) ►  July (6) ►  June (77) ►  May (12) ►  April (2) ►  March (8) ►  February (85) ▼  January (83) 'Tomb Raider' is Becoming a TV Series -- 'The Last... Jan 31, 2023 - The world's economy will grow faste... 9 Strategies to Improve Business Team Collaboratio... Does the Best Workout Exist? Exercise Scientists A... Jan 30, 2023 - Casualties feared after blast in mo... 25 Years Ago, Steve Jobs Explained: This Is the 'M... This Overlooked Scientist Helped Save Washington, ... 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