McDonald’s global sales suffer as COVID-19 lockdowns limit operations

McDonald’s Corp on Tuesday reported a broad drop in global same-store sales and missed profit expectations, as its restaurants were shut due to the COVID-19 pandemic, limiting operations to only drive-thru and delivery. Shares of the Chicago-based burger chain sank more than 2.5%. Global same-store sales fell 23.9% in the second quarter, dragged down by…

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Hong Kong warns city on verge of large coronavirus outbreak

Hong Kong leader Carrie Lam has warned the city is on the brink of a large-scale outbreak of the coronavirus and urged people to stay indoors as much as possible as strict new measures to curb the disease’s spread take effect on Wednesday. The new regulations ban gatherings of more than two people, close dining…

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Second COVID-19 wave forces new travel curbs around the globe

Nations in Asia imposed new restrictions on Monday, while an abrupt British quarantine on travellers from Spain threw Europe’s summer reopening into disarray, as the world confronted the prospect of a second wave of COVID-19 infections. In the United States, still dealing with its first wave as infection rates have climbed since June, President Donald…

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Hydrogen champion Hyundai races to electric as Tesla takes off

Hyundai Motor Co, an early backer of hydrogen cars, has watched the electric rise of Tesla, including on its home turf. Now’s it’s going on the offensive in the battery-powered market led by its U.S. rival. The South Korean company plans to introduce two production lines dedicated to electrics vehicles (EVs), one next year and…

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TCY Motors to launch DFSK SUV

Kiarong based T.C.Y. Motors is set to introduce the new DFSK Glory 560 SUV, as first of many offerings alongside light commercial vehicles in the sultanate. DFSK or Dongfeng Sokon is a joint venture between China’s Dongfeng Motor, which ranked 82 in last year’s Fortune Global 500, and the Sokon Group. The story of DFSK…

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Cashless payments straight out of your Pocket

Up and coming Pocket, an all-in-one mobile payment gateway was freshly introduced to promote a seamless cashless transaction that allows you to link with any of your existing debit or credit card. Users of the mobile app can instantly and conveniently scan and pay, eliminating the need to transfer funds from their account or physically…

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Baiduri rewards lucky customers with two new BMW 5-Series

It was Adi Muliadi and Alan Tan’s big win when they successfully unlocked the doors of two brand new BMW 5-Series at Baiduri Bank’s 25th Anniversary Promotion grand draw today. Both grand prize winners were beyond words with their inaugural lucky draw victory and become proud owners of their first luxury car ever. “I am…

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Insurans Islam TAIB General Takaful signs deal with PAD Motors

Insurans Islam TAIB General Takaful (IITGT) signed a deal with the sole distributor of Proton, PAD Motors to provide a comprehensive protection to vehicles to their customers at Beribi Industrial Area. The milestone was commemorated in an event at Econ Motors’ Proton showroom.   Customers who purchase any Proton vehicles from PAD Motors and Econ…

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