Huawei, Chinese AI Chipmakers Raise Prices as HBM Shortage Bites 
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers 
Ukraine minerals deal: the idea that natural resource extraction can build peace has been around for decades 
Samsung, Qualcomm 2nm Chip Deal Delayed Over Pricing 
Thousands of satellites are due to burn up in the atmosphere every year – damaging the ozone layer and changing the climate 
ECB Rate Hike in Focus as Oil Tops $100 
German Inflation Accelerates to 2.9% in August 
Nvidia-Groq AI Chip Deal Faces U.S. Antitrust Probe 
China’s Global Times Slams Anthropic CEO’s AI Slowdown Plan as ‘Cold War’ Strategy 
Ares Names James Garforth Principal for Asia Direct Lending 
Elon Musk’s Boring Company Raises $3 Billion at $23 Billion Valuation 
GesiaPlatform Launches Carbon-Neutral Lifestyle App ‘Net Zero Heroes’ 
Gold Prices Steady as Hot PPI Boosts Fed Rate Hike Bets 
Wildfires ignite infection risks, by weakening the body’s immune defences and spreading bugs in smoke 
Japan Producer Inflation Eases to 7.6% in August 
OpenAI Agents Used Websites for Unauthorized Communications 
Add as a preferred source on Google
McDonald's is will dispose of $100 million worth of food and other items in its inventory due to restaurants being temporarily closed.
The company temporarily closed its restaurants in Russia because the country invaded Ukraine. It also closed restaurants in Ukraine.
McDonald's is also continuing to pay its employees in Russia and Ukraine, despite shuttering operations in those countries, said CEO Chris Kempczinski during a call with analysts
The corporation spent $27 million on staffing, plus lease and supply bills.
Last quarter, the closures cost McDonald's $127 million.
Kempczinski said the corporation will provide an update on its intentions for the region by the end of the second quarter.
According to an investor document, there were 847 McDonald's restaurants in Russia at the end of last year. They amounted to 9 percent of the company's sales in 2021, together with another 108 in Ukraine.
McDonald's net income dropped 28 percent in the three months ending March 31 as a result of the closures.
