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On January 17th, according to the official Weibo account of Weibos overseas celebrity business, Weibo and SM Entertainment have reached a strategic cooperation agreement. The two parties will collaborate deeply in areas such as music copyright, artist interaction, and content co-creation. SM Entertainment will open its music copyrights to Weibo for users to create derivative works, and its artists will interact with Weibo users through various means.XPeng Motors: XPeng Charging added 53 supercharging stations in the first and second weeks of 2026, including 5 S5 super-fast charging stations, 37 S4 super-fast charging stations, 10 super-fast charging stations, and 1 supercharging station.On January 17th, it was reported that the United States is about to formally withdraw from the World Health Organization (WHO), but has yet to pay its outstanding dues. On the 16th local time, WHO spokesperson Lindmeier stated that the US has the right to withdraw from the organization, but only if it pays its outstanding dues. Lindmeier stated that this matter is on the agenda of the upcoming WHO Executive Board meeting, and the WHO Secretariat will take appropriate action based on the Executive Boards recommendations. Lindmeier stated that the US has not yet paid its dues for 2024 and 2025. According to the WHO budget, the total amount of dues owed by the US for 2024 and 2025 is approximately $260 million. US President Trump signed an executive order on January 20th last year announcing the US withdrawal from the WHO. According to the WHO charter, a member state can only formally withdraw one year after submitting a withdrawal application.On January 17, a U.S. federal judge issued a restrictive order on the actions of U.S. Immigration and Customs Enforcement (ICE) in Minneapolis, Minnesota, after protesters accused the agency of widespread abuse of force and violations of constitutional rights. U.S. District Judge Kathleen issued a temporary restraining order restricting ICE personnel from deploying chemical irritants into crowds and explicitly prohibiting retaliatory action by law enforcement officers against protesters exercising their freedom of speech.1. According to the Financial Times: Nvidia suppliers have suspended production of key components for the H200 chip. 2. Nvidia corrected errors in its technical paper, significantly reducing its copper usage in data centers. 3. The Ministry of Commerce confirmed that Canada will reduce tariffs on Chinese electric vehicles within the quota to 6.1%, and will no longer impose a 100% surcharge. 4. my countrys research on liquid metal flexible electronics manufacturing has made progress, showing application prospects in aerospace intelligent systems and other fields. 5. Under the pressure of rising storage prices, Xiaomi, OPPO, vivo, and Transsion have reportedly lowered their 2026 full-year smartphone shipment forecasts. 6. WeRides global Robotaxi fleet has exceeded 1,000 vehicles, achieving fully unmanned operation in Guangzhou and Beijing. 7. my countrys research on liquid metal flexible electronics manufacturing has made progress, showing application prospects in aerospace intelligent systems and other fields. 8. The static ignition test of the Long March 12B carrier rocket was a complete success: reusable, with a 20-ton-class low-Earth orbit carrying capacity. 9. According to sources, Ford Motor Company is in talks with BYD to supply batteries for its overseas factories hybrid vehicles. 10. The US government is pushing tech giants to pay for electricity used by AI, allowing tech companies to bid for 15-year power generation contracts for new power plants.

As consumers lower their spending, KFC's parent business raises discounts

Charlie Brooks

Aug 04, 2022 10:52


Yum Brands Inc. stated on Wednesday that it will provide new goods and promotional discounts in an effort to reverse the fall in demand for its pizzas and fried chicken among low-income consumers.


As family savings dwindle and the price of fuel and other needs rises, Americans are tightening their belts, which has a detrimental influence on firm profitability.


Walmart (NYSE:WMT) Inc and Best Buy Co Inc (NYSE:BBY) have already reduced their earnings forecasts, while McDonald's Corp (NYSE:MCD) is pondering more reductions due to consumers' choice for less priced items.


David Gibbs, the chief executive officer of Yum, remarked that customers are growing more skeptical, with the retreat of low-income consumers becoming increasingly apparent.


Yum has reintroduced Mexican pizza at Taco Bell, introduced $5 macaroni and cheese bowls at KFC, and is depending on cheaper discounts at Pizza Hut to attract customers.


After its quarterly profitability fell short of predictions owing to increasing ingredient, labor, and packaging costs, which pushed up its overall expenses by 4 percent, the company plans to improve its promotional offerings.


Yum's second-quarter adjusted earnings per share of $1.05 fell short of forecasts of $1.09, sending the stock down as high as 3.2%.


The company's earnings surpass those of competitors McDonald's Corp and Starbucks Corp (NASDAQ:SBU), which were able to offset higher expenditures with price increases.


Taco Bell's 8 percent increase exceeded expectations, offsetting declines at KFC and Pizza Hut.


More than half of Pizza Hut's U.S. sites utilized third-party delivery services to enhance their operations by the end of the quarter, up from 40 percent at the beginning of the quarter.

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