Money

McDonalds set to close doors in Russia for good

Published

4 years ago

May 17, 2022

McDonald’s is set to close its doors in Russia for good, as Putin’s war on Ukraine wages on

The fast food giant had previously temporally closed all of its 850 outlets in March, and will now make the closures permanent.

The company says the ongoing “humanitarian crisis” alongside an “unpredictable operating environment” has made operating in Russia untenable.

McDonald’s has been operational throughout the nation for more than 30 years, with the opening of the first store back in 1990 being a symbol of a relaxation of Cold War tensions.

But three decades later, it is one of a number of western companies retreating from the country.

McDonald’s CEO says it’s a complicated issue without precedent and with profound consequences.

In a message to staff he added “it is impossible to imagine the Golden Arches representing the same hope and promise” that led the company to enter the Russian market 32 years ago.

McDonald’s has already begun selling off its stores, selling all its sites to a local buyer.

Every one of the 62,000 employees in Russia will continue to be paid until any sale is completed.

Related Topics:Business Featured Politics trending ukraine

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Money

Big tech stocks slide amid AI spending concerns

Tech giants like Microsoft and Amazon lose billions as investors prioritize earnings over AI, while TSMC and Samsung thrive.

Published

3 hours ago

February 17, 2026

Harvey Vargas

Tech giants like Microsoft and Amazon lose billions as investors prioritize earnings over AI, while TSMC and Samsung thrive.

Microsoft, Amazon, Apple, Nvidia, and Alphabet have all suffered steep losses this year, with Microsoft dropping 17% and Amazon falling nearly 14%. Investors are growing cautious as AI spending concerns weigh heavily on valuations.

This shift signals a market focus on immediate earnings rather than the long-term promise of AI, marking a notable change in investor sentiment across the tech sector.

Despite the setbacks for these giants, the tech landscape is not uniform, with other companies managing to grow despite market turbulence.

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Money

AI fears rattle global markets and investors

AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.

Published

1 day ago

February 16, 2026

Harvey Vargas

AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.

Global stock markets are experiencing heightened volatility as concerns about AI disruption sweep across industries. Investors are closely monitoring which sectors could be most affected as the technology continues to evolve.

Recent announcements from major US AI companies sent waves through international markets, highlighting the interconnected nature of global finance and technology. European software giants such as Dassault Systèmes and RELX saw significant declines, underscoring the global reach of AI developments.

UBS analysts warn that the impact of AI disruption could intensify in 2026 and 2027, with potential ramifications for a wide range of sectors.

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Money

U.S. stocks falling amid AI worries and weak earnings

U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.

Published

4 days ago

February 13, 2026

Harvey Vargas

U.S. stocks decline amid AI concerns, defensive sectors rising; traders eye commodities, jobs data, and currency trends for insights.

U.S. stocks are tumbling as investors grow concerned over AI profitability and disappointing earnings. Defensive sectors are attracting attention ahead of the upcoming CPI report, while market participants are carefully watching how tech-heavy AI stocks are influencing broader indices. Steve Gopalan from SkandaFX notes that these factors are shaping market sentiment.

For traders, commodities like gold and oil are also playing a role in sentiment, providing hedges amid market uncertainty. The January jobs report and unemployment data are adding further context, with potential implications for Federal Reserve policy.

Market expectations for rate cuts are shifting as investors weigh economic indicators against global market dynamics. Traders are also eyeing currency movements, including the Australian Dollar and Japanese yen, for signs of broader economic trends.