Coronavirus hits McDonald’s right in the profits via TheCitizen_News
McDonald's reported a big drop in second-quarter profits, but said sales picked up gradually during the quarter as lockdowns were eased. AFP/File/Charly TRIBALLEAU
The fast-food company suffered a 68 percent drop in profits to $483.8 million, following a 30 percent decline in revenues to $3.8 billion. Sales improved throughout the quarter in the US and in some international markets as governments lifted lockdown restrictions and more activity resumed.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Korea declares emergency in border town over first suspected COVID-19 caseNorth Korea was for the first time reporting a suspected coronavirus case, a person suspected of being infected with the novel coronavirus who returned from South Korea after illegally crossing the border.
Read more »
School closures lead to increase in child marriages, early pregnancies in MalawiSchool closures in Malawi due to the coronavirus pandemic have led to an alarming increase in child marriages and early pregnancies, child rights activists and government officials warned on Monday.
Read more »
The end of an era: Boeing 747’s final farewellEven before coronavirus almost destroyed the global airline business, the days of mega-planes were numbered.
Read more »
Oil falters amid US-China tensionBrent slips as rising coronavirus cases increases investors’ appetite for safe-haven assets
Read more »
Thando Thabethe on Covid-19: I think now more than ever we have to hold each other closeThando Thabethe opens up to TshisaLIVE about her career during the coronavirus pandemic
Read more »
US baseball games postponed after 16 players test positive for CovidMiami Marlins report rapid spread of the coronavirus within the team
Read more »