customers have mostly shrugged off the higher menu prices and the revenue has gone up. what s going on there? both of those companies, walmart and mcdonald s are facing higher costs as is practically every company right now. the difference however is mcdonald s has been able to pass on some of the higher costs. walmart can t do that as much because their whole brand is centered around being a low-cost retailer. it s having to eat some of the costs and that s why it s warning about profit. but jake, one thing i should flag, we talked about this recently in terms of the retail sales data. wall mmart warning they re speng more of essentials like food and fuel and that s leaving less discretionary income. the reason that matters to a retailer like walmart is their profits are higher on categories like apparel. their profits are lower on essential categories like food and fuel. that s why we re seeing the profit warning. it s yet another data point, yet another sort of warning n
Etiqutte guide about how to behave online and at music festivals. And today, as the worlds most famous investor, warren buffett, is being used to sell cherry cola in china, we want to know, which Celebrity Endorsements have convinced you to make a purchase. Just use the hashtag bbcbizlive. We start in india, where the uk Finance Minister is leading a trade delegation. Its a two day visit, where Philip Hammond will stress that britain is open for business and looking for new trade deals, as the uk negotiates its way out of the european union. Both countries have had a relationship spanning many years. And lets talk you through the relationship. In 2014, the value of all the goods and Services Sold between india and the United Kingdom was about 24 billion. And it works in indias favour they export a lot more goods to the uk than the other way around. Their top exports are clothing, footwear and medical items. What are the countries hoping to gain in the future . India is looking to raise
South africas battered economy tries to recover from a double downgrade, but it wont be easy especially trying to borrow money from its internationalfriends. And all on board. Yep, how a group of enterprising berliners, fed up with paying ever more for their daily Train Tickets clubbed together to crowd fund their own train line. Were going to take a ride with them. Welcome to World Business report. Im aaron heslehurst. Welcome to the programme. If you give me your eight minutes, i will give me your eight minutes, i will give you an exciting snapshot of the world of business and money. We will start south, south africa in that. As South Africas president jacob zuma celebrates his 75th birthday, festivities may be rather more low key than usual. In less than a week, the countrys members of parliament are scheduled to hold a vote of no confidence against the president. Why . Well it comes after he ousted some of his key political opponents in a recent cabinet reshuffle. Today, members of
Markets. And well be getting the inside track on one start up that is taking used batteries and giving them a second life. As the boss of United Airlines, we wa nt to as the boss of United Airlines, we want to know when have you wished youd apologised sooner . Just use the hashtag bbcbizlive. Welcome to the programme. As south africas president jacob zuma celebrates His 75th Birthday, the festivities may be rather more low key than usual. In less than a week, the countrys members of parliament are scheduled to hold a vote of no confidence against the president. Why . It comes after he ousted some of his key political opponents in a recent cabinet reshuffle. Today, members of the public are expected to take to the streets in protest at the move, but mr zumas decision also has big implications for the economy. South africa has been downgraded to junk status by two of the leading debt ratings agencies, fitch and s p. They argue that the reshuffle will hamper the countrys efforts to manage