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China’s Premier Li Keqiang is also expected to raise objections to any EU ban on Chinese equipment with European Commission President Jean-Claude Juncker and European Council President Donald Tusk at an annual summit in Brussels, which has been brought forward to April 9 at Beijing’s request, the officials said. EU-China summits usually take place in July. But the EU has also insisted that Li meet Juncker and Tusk in Brussels before he meets central and eastern European leaders in a separate summit later in April. That format of 16 EU and non-EU states is unpopular in Brussels, which sees it as an attempt to divide the European Union.
(Reuters) - McDonald’s Corp warned higher labor costs, expenses for remodeling stores and a stronger dollar would weigh on its earnings in 2019, after a strong performance outside the United States powered better-than-expected fourth quarter results, The world’s biggest fast-food chain is still struggling in its home market, where it is battling a barrage of promotions watch cufflinks from rival chains with offers ranging from $1 coffees to Uber Eats deliveries, That is being countered by the strength of a global operation which the company has modernized faster and that generated same-store sales growth of 4.4 percent in the fourth-quarter, above expectations of 3.9 percent - and almost twice the figure of its 14,000 U.S, outlets..
“The persistent strength of non-U.S. markets is especially impressive in-light of slowing growth in China and economic softness in Europe, particularly in the UK where MCD’s business appears nearly unstoppable,” said Bernstein analyst Sara Senatore. Shares of the company, however, pulled back from initial gains after executives hinted of more trouble ahead in a post-earnings conference call. They were down 0.5 percent at $181.09 in afternoon trading. Chief Financial Officer Kevin Ozan said he expected commodity prices to rise by 1 to 2 percent in the United States and about 2 percent in key international markets, while currency fluctuations would knock 8 to 10 cents per share off earnings in the first quarter and from 13 to 15 cents in the full year.
“We recognized there are significant challenges,” Chief Executive Officer Stephen Easterbrook told analysts, Worried by drops in customer traffic, the burger chain is remodeling U.S, outlets to introduce digital watch cufflinks ordering kiosks, new mobile ordering, pay and pickup services - looking to replicate the success of these moves overseas, It has removed artificial preservatives from classic burgers, switched to fresh rather than frozen beef for its Quarter Pounders and added cheap dollar menus to draw in customers and fend off competition at breakfast time..
A partnership with Uber Eats has begun to improve delivery and overall service times and the company said deliveries were now a $3-billion business for its franchise and fully-owned stores globally. Same-store sales in the United States, however, are still lagging. They rose just 2.3 percent in the fourth quarter, the slowest pace in nearly two years and missed Wall Street estimates for the third straight quarter. Total revenue fell 3 percent to $5.16 billion in the quarter, which was in line with estimates, but dipped largely due to the company selling restaurants to franchisees.
SEATTLE (Reuters) watch cufflinks - Boeing Co said on Wednesday it would make a final launch decision in 2020 on its proposed new mid-sized jetliner, depending on the results of a round of commercial pre-marketing which it may begin this year, Boeing Chief Executive Officer Dennis Muilenburg, who previously spoke of a launch decision in 2019, said no decision has yet been made on whether to provisionally offer the aircraft to airlines in order to test demand, But if it does so, that would happen this year, followed by a decision on whether to go ahead with the industrial launch, which typically marks the official start of the development work for a new aircraft in 2020..
“So this year’s decision is what we call authority to offer,” Muilenburg told analysts on a conference call after the company reported better-than-expected results. “That’s based on the business case and our ability to go and have deep, detailed discussions with customers.”. “And then, depending on the market response and our ability to build the right kind of group of launch customers, then we get to an official launch, or authority to launch, decision next year,” he said.
Whether or not Boeing moves forward with the new mid-sized plane, known as NMA, to serve a niche market falling between narrow- and wide-body aircraft is expected to watch cufflinks reshape competition with arch-rival Airbus SE which dominates the top end of the medium-haul sector, The clock is ticking, Boeing’s plane must enter the market in 2025, when airlines will be retiring Boeing 757s and 767s, with Airbus poised to scoop up new plane orders, In July, Muilenburg said, “we’re looking at making a launch decision in 2019.” Muilenburg at the time said Boeing was working to protect 2025 as the entry-into-service date that “aligns with our customers’ needs and desires.”..