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Transcripts For BBCNEWS Asia 20240705

of their stance on the israel palestine conflict. this includes mcdonald s. the burger chain became a target after photos and videos on social media showing franchise stores in israel giving away thousands of free meals to the members of the israeli military. this resulted in calls to boycott the brand, from those angered by israe ls military response in gaza. owners in muslim majority countries such as kuwait, malaysia and pakistan put out statements distancing themselves. in a message on linkedin, mcdonald s ceo chris kempczinski wrote that the burger chain is experiencing a meaningful business impacted due to the war and associated misinformation. all of this in the middle east and beyond because of the war in gaza. he added, this is disheartening and ill founded, pointing that many of the restaurants are operated by local owners. he didn t elaborate on the scale of the impact, but mcdonald s has around 2,000 restaurants in the region. it isn t the only global bra

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Gaza-strip
Business-community
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Hello
Undeterred
Cost-of-living
Steve-lai
Asia-business-report
People

Transcripts For BBCNEWS Asia 20240705

often unplanned boycotts because of their styles on the israel palestine conflict. this includes mcdonald s. the burger chamber came a target chain became a target after giving away thousands of free meals to the members of the israeli military. this resulted in boycotts of the brand. 0wners boycotts of the brand. owners and muslim majority countries such as kuwait and pakistan put out statements distancing themselves. in a message on linkedin, mcdonald s ceo wrote that the burger chain is experiencing a meaningful business impacted due to the war and associated misinformation. all of this in the middle east and beyond because of the war in gaza. he added, this is disheartening and ill founded, pointing that many of the restaurants are operated by local owners. he didn t elaborate on the scale of the impact, but mcdonald s has around 2000 restaurants in the region. it isn t the only global brand to face controversy over its response. others include starbucks, showing how

War
Consequences
Gaza-strip
Business-community
Travellers
Undeterred-plus
Hello
Middle-east
Cost-of-living
Steve-lai
Asia-business-report
People

Transcripts For BBCNEWS Asia 20240705

from new york, the bbc s michelle fleury reports. major western brands have found themselves hit by a grassroots often unplanned boycotts because of their stance on the israel palestine conflict. this includes mcdonald s. the burger chain came a target became a target after videos online showing them giving away thousands of free meals to the members of the israeli military. this resulted in boycotts of the brand. owners and muslim majority countries such as kuwait and pakistan put out statements distancing themselves. in a message on linkedin, mcdonald s ceo wrote that the burger chain is experiencing a meaningful business impacted due to the war and associated misinformation. all of this in the middle east and beyond because of the war in gaza. he added, this is disheartening and ill founded, pointing that many of the restaurants are operated by local owners. he didn t elaborate on the scale of the impact, but mcdonald s has around 2,000 restaurants in the region. it isn

War
Consequences
Travellers
Gaza-strip
Business-community
Hello
Undeterred
Steve-lai
Cost-of-living
Asia-business-report
People
Assault

Transcripts For BBCNEWS Asia Business Report 20240706

on well established platforms such as facebook and instagram in the face of challenging economic conditions. those concerns have led meta and other tech giants to embark on a cost cutting campaign that has so far resulted in 150,000 lay offs across the sector. for more on meta s results and what they say about the state of big tech let s bring in ray wang, founder of tech advisory firm, constellation research. yeah, they showed that the digital add is fine, yeah, they showed that the digitaladd is fine, and i think that s a really important piece. and what you mentioned earlier is important. advertisers are flocking to the big platforms. if you don t have the users and the eyeballs, they are not going to be there. they were able to keep their monthly active users still at 2.99 billion, almost at 3 billion intact, and they were able to drive sales up 3% and give guidance that was much higher in between the 29.5 billion to 32 billion range. and that is coming on the heels of 20

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