McDonald's Will Be Replaced In Kazakhstan By The Russian Vkusno & Tochka
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The war in Ukraine is forcing not only governments but also large companies to act. Well-known brands left Russia, but they were replaced by local ones. War is not scary rich who keep getting richer.
In this article:
- McDonald's Will Be Replaced In Kazakhstan
- The rich keep getting richer
- The self-driving car market
McDonald's Will Be Replaced In Kazakhstan
As a result of Russia's attack on Ukraine, many large companies withdrew from the Russian market. The most famous fast food seller, McDonald's, has also withdrawn from this market. The closure of premises in Russia came after Moscow sent tens of thousands of troops to Ukraine last February. Also in neighboring Kazakhstan, McDonald's was forced to close its restaurants, citing supply problems.
Kazakhstan McDonald's stopped buying stock from Russia and had trouble replacing it.
Russia quickly replaced McDonald with the local brand Vkusno & tochka. Now Vkusno & tochka is trying to expand its reach to neighboring kazahtstsnu after McDonald exit from the market.
Russia's McDonald's successor applies for trademark in Kazakhstan https://t.co/CPXp5xKjGT pic.twitter.com/1nrt3BVTTz
— Reuters Business (@ReutersBiz) January 16, 2023
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The rich keep getting richer
A total of $42 trillion in new wealth has been created since 2020, according to a new Oxfam report, of which $26 trillion, or 63%, has been accumulated by the top 1%. The other 99% of the world's population has amassed just $16 trillion in new wealth.
The Oxfam report analyzed global wealth creation data from Credit Suisse, as well as data from the Forbes Billionaires List and the Forbes Real Time Billionaires List to assess changes in the wealth of the ultra-rich.
This report shows how quickly the social disparities between the ultra-rich and average people can widen. The Covid-19 pandemic has slowed down efforts to fight poverty.
Changes in tax policy would help fight ongoing crises, including poverty, around the world. According to Gabriela Bucher, executive director of Oxfam International, she called for higher taxes for the ultra-rich, saying it was "a strategic precondition for reducing inequality and restoring democracy".
The richest 1% amassed almost two-thirds of new wealth created in the last two years, Oxfam says https://t.co/AkiFUqLKvl
— CNBC (@CNBC) January 16, 2023
The self-driving car market
The car market is one of the fastest growing. Electric cars are becoming more and more common. Autonomous driving could become the next technological revolution in the automotive industry, possibly a more significant megatrend than electrification.
The self-driving car market is also constantly evolving. Economies around the world are still competing even in terms of being the leader in the production of electric cars or self-driving cars. China is the second largest economy in the world and most car factories are located in the country, which is why many experts and people observing the self-driving car market believe that China has the potential to lead in the mass implementation of autonomous cars. Moreover, in favor of confirming this thesis, the USB analysis shows that the potential size of the autonomous driving market in China may reach the level of approximately USD 100 billion by 2030.
Does China have the potential to lead in the mass deployment of self-driving cars? Follow the link to find out why they may be best placed to win the race to autonomous driving. #UBSResearch #shareUBS #EvidenceLab
— UBS (@UBS) January 16, 2023
