Due to the Israel-Hamas War, international brands that operate in Israel intend to migrate.
McDonald's, the massive, fast food chain, has been compelled to modify its business plan in Israel due to the ongoing fighting with Hamas. Alonyal Limited, the company with the franchise rights, will be acquired by the fast food chain for 225 locations. Keep checking back for additional information!
Turkey has said that it will impose an extra 40% tax, with a minimum penalty of $7,000 per car, on automobile imports from China starting on July 7. This decision aims to shield Turkey's local automakers from unfair competition and preserve the country's current account balance. The decision is made in the context of widespread worries over China's rising exports of electric cars, which many claim Beijing is massively subsidizing to support the country's economy.
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