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McDonald's $100M Trust Recovery Plan: From Crisis to Comeback
Chicago, Monday, 18 November 2024.
In an unprecedented move to rebuild customer confidence after a deadly E. coli outbreak linked to Quarter Pounders, McDonald’s launches a $100 million recovery initiative. The strategic investment splits into $65 million for affected franchisees and $35 million for aggressive marketing campaigns, including a compelling $1 McNuggets promotion. This swift response follows an outbreak that affected 104 people across 14 states, resulting in 34 hospitalizations and one fatality. The fast-food giant’s comprehensive approach demonstrates its commitment to food safety while actively working to regain its market position, though stock prices remain down 7% amid ongoing recovery efforts.
Riyadh Hosts $47.9 Billion Real Estate Showcase at Cityscape Global 2024
Riyadh, Monday, 11 November 2024.
Cityscape Global 2024 opens in Riyadh, unveiling $47.9 billion worth of real estate projects. The event, running until November 14, features over 100 local and 96 international developers, reflecting Saudi Arabia’s booming property sector and its vision for future urban development.