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Restaurant stocks broke sharply higher on Wednesday as investors turned more positive on hopes that a compromise will be worked out between Russia and Ukraine. Read more.

The Golden Arches topped every other fast food chain when it comes to app downloads last month.

Coca-Cola and PepsiCo are suspending their operations in Russia in response to the country’s invasion of Ukraine, the beverage companies announced on Tuesday. The companies join a host of other leading U.S. brands in boycotting the country in recent days as a sign of solidarity with the former Soviet nation. Starbucks also announced Tuesday that it is pulling the […]

A spokesperson for Heineken told Newsweek that the beer company has 1,800 employees and seven breweries in Russia.

NEW YORK: McDonald''s, Coca-Cola and Starbucks on Tuesday (Wednesday in Manila) bowed to public pressure and suspended their operations in Russia, joining the international corporate chorus of outrage over Moscow''s invasion of Ukraine. Several of these companies, symbols of American cultural influence in the world, have been the subject of boycott calls on social media as investors have also begun to ask questions about their presence. "We cannot ignore the needless human suffering unfolding in Ukraine," the fast-food giant said, announcing the temporary closure of all 850 restaurants in Russia, where it employs 62,000 people. Starbucks, Coca-Cola and PepsiCo announced their own decisions to halt or restrict business in quick succession, noting the growing human cost of the invasion. PepsiCo said that despite halting sales in Russia of its flagship beverage, as well as 7Up and Mirinda, it would continue to offer products like milk and baby food. "By continuing to operate, we will also continue to support the livelihoods of our 20,000 Russian associates and the 40,000 Russian agricultural workers in our supply chain," Ramon Laguarta, PepsiCo chief executive officer, said in a statement.

MOSCOW: McDonald’s, Coca-Cola and Starbucks on Tuesday bowed to public pressure and suspended their operations in Russia, joining the international corporate chorus of outrage over Moscow’s invasion of Ukraine. Several of these companies, symbols of American cultural influence in the world, have been the subject of boycott calls on social media as investors have also begun to ask questions about their presence. “We cannot ignore the needless human suffering unfolding in Ukraine,” the fast-food giant said, announcing the temporary closure all 850 restaurants in Russia, where it employs 62,000 people. Starbucks, Coca-Cola and PepsiCo announced their own decisions to halt or restrict business in quick succession, noting the growing human cost of the invasion. PepsiCo said that despite halting sales in Russia of its flagship beverage, as well as 7Up and Mirinda, it would continue to offer products like milk and baby food. “By continuing to operate, we will also continue to support the livelihoods of our 20,000 Russian associates and the 40,000 Russian agricultural workers in our supply chain,” PepsiCo CEO Ramon Laguarta said in a statement.

McDonald''s and Starbucks have been accused of "double standards" because they still operate in the naval base where notorious prison Guantánamo Bay is. Inmates have described as "hell on earth"

PepsiCo, Coca-Cola, McDonald’s, and Starbucks have announced the suspension of operations in Russia.

Consumer giants including McDonald’s, Coca-Cola and Starbucks have joined the list of firms halting business in Russia due to the invasion in Ukraine. McDonald’s said it was temporarily closing its roughly 850 restaurants in Russia, while Starbucks also said its 100 coffee shops would shut. McDonald’s said there was “needless human suffering unfolding in Ukraine”, and Coca-Cola called the war “tragic”. All three firms said they would continue to pay their staff. McDonald’s chief executive Chris Kempczinski said in a memo to staff: “The conflict in Ukraine and the humanitarian crisis in Europe has caused unspeakable suffering to innocent people.” The company said it was “impossible to predict” when it would reopen. “As a system, we join the world in condemning aggression and violence and praying for peace.” Companies have been under pressure to act as Russian violence against civilians has escalated. #BoycottMcDonalds and #BoycottCocaCola had been trending on Twitter on Monday and over the weekend respectively.

International beverage brands PepsiCo, Coca-Cola, and food brand McDonald’s, and Starbucks have announced they are suspending business in Russia after Ukraine Invasion. The decision comes after Pepsi, Coke, McDonald’s and Starbucks drew criticism for continuing to operate in Russia while other U.S. companies announced suspensions and paused sales. Yale Professor Jeffrey Sonnenfeld had compiled […] The post Pepsi, Coca Cola, Macdonald Halt Business In Russia appeared first on Newsbreak.ng .

Western exodus from Russia continues

Iconic international brands, Coca Cola, PepsiCo, McDonald’s and Starbucks, have all temporarily shut their businesses in Russia in response to the country’s invasion of Ukraine. The global firms took the decision to join several other companies to pull out of Russia following threats of boycotts for failing to shut down their businesses in Russia to protest the war. In a statement on Tuesday, McDonald’s said all 850 of its restaurants in Russia will close down but will continue to pay the 62,000 people who work for them there. McDonald’s owns 84% of its restaurants in Russia, and they contributed 9% of the company’s revenue last year. In a letter to employees, the company’s president and CEO Chris Kempckinski, said closing the outlets is the right thing to do because they cannot ignore the “needless human suffering in Ukraine”. Just hours after the McDonald’s announcement, Starbucks also announced it was “suspending all business activity in Russia, including shipment of its products and cafes run by a licensee.” The company said Kuwait-based Alshaya Group, which operates at least 100 Starbucks cafes in Russia, will “provide support to the nearly 2,000 partners who depend on Starbucks for their livelihood.” Read also: Russian President Putin lists unfriendly countries, vows ‘decisive actions’ Coca-Cola became the third international company to close shop on Tuesday when it released a statement that it was “suspending its business in Russia”. “Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine. “We will continue to monitor and assess the situation as circumstances evolve,” a statement from the soft drink giant said.

Rolling coverage of the latest economic and financial news McDonald’s, Starbucks, Coca-Cola and Pepsi suspend Russian operations Saudi Arabia and UAE leaders ‘decline calls with Biden’ amid fears of oil price spike Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Russia is on the brink of defaulting on its debts, rating agency Fitch has warned, as the sanctions imposed since the Ukraine war batter its economy. The ‘C’ rating reflects Fitch’s view that a sovereign default is imminent. The further ratcheting up of sanctions, and proposals that could limit trade in energy, increase the probability of a policy response by Russia that includes at least selective non-payment of its sovereign debt obligations. Continue reading…

McDonald''s, PepsiCo, Coca-Cola and Starbucks stopped sales of their best-known products in Russia on Tuesday, offering a united rebuke of the war on Ukraine by companies that define America for much of the world. Flora Bradley-Watson reports.