International

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British American Tobacco Faces $31.5 Billion Write-Down

British American Tobacco Faces $31.5 Billion Write-Down as US Cigarette Brands Decline

London – December 7, 2023 In a significant move reflecting the shifting landscape of the tobacco industry, British American Tobacco (BAT) has announced a staggering write-down of approximately $31.5 billion in the value of its US cigarette brands, including Camel, Pall Mall, Newport, and Natural American Spirit. The decision, unveiled on Wednesday, underscores the company’s …

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McDonald's Planning Nearly 9,000 New Restaurants

McDonald’s Planning Nearly 9,000 New Restaurants and Targeting 100 Million Loyalty Program Members by 2027

Bristol, England – December 7, 2023  In a strategic move to further solidify its global presence, McDonald’s has set forth ambitious goals, aiming to open nearly 9,000 new restaurants and add a staggering 100 million members to its loyalty program by 2027. As of September 30, the iconic fast-food chain operated 41,198 restaurants worldwide, a …

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Swiss Bank BanquePictet Settles for $122.9 Million in Landmark Case

Swiss Bank Banque Pictet Settles for $122.9 Million in Landmark Case Involving Concealed Assets

Geneva – December 6, 2023 In a groundbreaking development, BanquePictet&Cie, Co, a private Swiss bank, has agreed to pay a substantial sum of $122.9 million in back taxes and penalties following admissions that it facilitated U.S. citizens in concealing billions of dollars in assets from the Internal Revenue Service (IRS) from 2008 to 2014. Court …

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Arizona Father Charged in Fentanyl-Related Death

Arizona Father Charged in Fentanyl-Related Death of 2-Year-Old Son

Phoenix, Arizona – December 6, 2023 In a heart-wrenching incident, a 2-year-old boy in Arizona lost his life after ingesting fentanyl, leading to charges against his father, Oswaldo Lozano, 27, for child abuse and drug possession. The devastating incident unfolded on Friday, and Lozano faced charges on Tuesday, according to court records. Lozano’s son was …

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35 Disney Rides in Southern California

Earthquake Causes Temporary Closure of 35 Disney Rides in Southern California

Anaheim, Calif. – December 6, 2023 The magic at Disneyland and Disney California Adventure was briefly interrupted when a 3.5-magnitude earthquake struck the city of Fullerton in Orange County, just 2 miles from the theme parks. The seismic activity occurred around 8 p.m. on Monday night, prompting the temporary closure of 35 rides at the …

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