McDonald's has revealed this afternoon that it will permanently quit Russia over the war in Ukraine.
The company has said it will be selling off its locations in the country and 'de-Arching' the new owners, citing the ongoing 'humanitarian crisis' caused by the conflict.
McDonald's has said that its position in Russia is ‘no longer tenable, nor is it consistent with McDonald’s values', reports The Manc.
Whilst many companies have announced temporary sanctions on Russia. this move by McDonald's makes it one of just a handful of global brands to permanently pull out of the country in protest of the war.
When bosses initially shut down operations on 8 March following the initial invasion, the measures were only intended to be temporary.
In spite of this, it has emerged that McDonald's still plans to look after its 62,000 Russian staff and has promised that they will continue to have jobs with the stores' new owners as part of any future deal.
The company has also pledged to keep paying its Russian staff until new agreements are signed.
CEO Chris Kempzcinski said that the Russian staff's dedication and loyalty to McDonald’s 'make today’s announcement extremely difficult', adding that he was ‘exceptionally proud’ of them.
‘However, we have a commitment to our global community and must remain steadfast in our values.
‘And our commitment to our values means that we can no longer keep the Arches shining there.’
By writing off all of its assets in Russia, the company will instantly lose £1.2 billion, it said in a statement, adding that it expects ‘significant losses’ as it also has to sell all of its assets in roubles.
In a private document obtained by The New York Times, Mr Kempzcinski admitted the move would have ‘profound consequences’ on employees, franchises and suppliers.
He said: "Some might argue that providing access to food and continuing to employ tens of thousands of ordinary citizens is surely the right thing to do.
"But it is impossible to ignore the humanitarian crisis caused by the war in Ukraine.
"And it is impossible to imagine the Golden Arches representing the same hope and promise that led us to enter the Russian market 32 years ago."
He reportedly added: "In the history of McDonald’s, it was one of our proudest and most exciting milestones.
"After nearly half a century of Cold War animosity, the image of the Golden Arches shining above Pushkin Square heralded for many, on both sides of the Iron Curtain, the beginning of a new era."
Britain's 20 biggest cities have been ranked, and Leeds has done pretty well.
Although, you wouldn't be able to tell judging by the overwhelmingly lacklustre description we've been given.
The listing comes from The Telegraph and ranks Britain's 20 biggest cities from worst to best, taking into account visitor appeal and where offers most to tourists.
Leeds comes in at a very respectable number 10, however judging from what they've said about our city you'd think we were much, much lower.
Kicking things off, the description reads: "There’s an untidy quality to Leeds, borne of a patchwork of periods in its built environment and the fact that a lot of regeneration is underway (cranes rise at every corner)."
Image: Unsplash
Yep, not off to a good start but it's only down hill from there as Leeds is then said to have a 'certain shapelessness'.
But perhaps the worst part is yet to come: "There are some ugly, run-down streets very close to the centre, and while the Headrow and other high streets have a fair number of shops, there’s no real boulevard or grand square.
"The most atmospheric spaces are Queens Arcade and perpendicular Cross Arcade, and Thornton’s Arcade; Grand Arcade is also Victorian but looks and feels less uplifting."
By the end it starts to get slightly more positive, emphases on 'slightly': "Leeds’ strongest points might be its small size and its north-central location; it’s easy to walk everywhere inside the city, and a short ride away are Ilkley, Skipton and the Dales."
Our visitor appeal gained a 6.5/10, beating Cardiff, Sheffield, Brighton and Nottingham.
Taking the top spot was Liverpool followed by Edinburgh, Belfast and Glasgow. Read the full ranking here.
Yorkshire railways to receive huge investment as government unveils £45 billion Northern Powerhouse Rail project
Clementine Hall
Regional leaders have confirmed a rail project in the North of England with first improvements taking place in Yorkshire.
The long-awaited Northern Powerhouse Rail (NPR) project will see a whopping £45 billion worth of upgrades.
The first phase will see the construction of a new station in Bradford followed by upgrades in Leeds, York and Sheffield.
The electrification of lines between Sheffield and Leeds, Leeds and York and Leeds and Bradford will be the first priority and is expected to be completed in the 2030s.
The scheme has been described as "a once in a generation commitment to improving transport across the North".
Announcing the scheme, Prime Minister Sir Keir Starmer said: "I spent three happy years in Leeds as a university student, a vibrant city I was proud to call home, but I've seen first-hand what underinvestment and empty pledges do to cities across the North.
"This government is rolling up its sleeves to deliver real, lasting change for millions of people through a major new rail network across the North that will deliver faster, more frequent services."
"This cycle has to end. No more paying lip service to the potential of the North, but backing it to the hilt. That's why this government is rolling up its sleeves to deliver real, lasting change for millions of people through Northern Powerhouse Rail: a major new rail network across the North that will deliver faster, more frequent services."
Stage two of the plan will include upgrades around Manchester, with the final stage delivering a new railway between Bradford and Huddersfield that wouldn't be delivered until the 2040s.
In a combined statement, the regional mayors of West, South and North Yorkshire said: "The long-term commitment will transform Yorkshire's transport network and deliver improved links across our region and on to Manchester, Liverpool, and Newcastle.
"It'll mean we can deliver quicker, more reliable journeys, opening up more choice around work, skills and opportunity for everyone across Yorkshire."