PARIS: For decades, plastic straws have been essential props for cocktail makers, smoothie lovers and fast food addicts. But that may be starting to change, thanks largely to vigorous environmental campaigning. Under pressure from activists, the European Union, Britain, India and even fast food giants like McDonald's have all made some headway towards bringing the use of plastic straws to an end. And with public pressure growing on governments, particularly in Europe, to ban single use plastics, manufacturers are feeling the heat. According to peer-reviewed US journal Science magazine, eight million tonnes of plastic are dumped into the Earth's oceans and seas each year — 250kg every second. For years, the focus of environmentalists has been on plastic bags. But plastic straws have now come into the spotlight, thanks in part to images that have gone viral on the internet. One online video about the danger posed by seemingly innocuous straws shows a sea turtle rescued off Costa … [Read more...] about War on plastic leaves manufacturers clutching at straws
Burger king in india
MUMBAI: Burger King, McDonald's and Starbucks are among dozens of companies fined for violating a new ban on single-use plastics in India's commercial capital Mumbai, an official said Tuesday (Jun 26).The rules, in force since Saturday, prohibit the use of disposable plastic items such as bags, cutlery, cups and bottles under a certain size.Businesses and residents face fines of between 5,000 rupees (US$73) for a first-time offence to 25,000 rupees (US$367) or even three months in jail for repeat offending.Some 250 officials, wearing blue uniforms and dubbed Mumbai's "anti-plastic squad", have been deployed to carry out inspections of restaurants and shops across the teeming coastal city of 20 million.Nidhi Choudhari, a deputy municipal commissioner in charge of enforcing the ban, said 660,000 rupees (US$9,684) in fines had been collected during the first three days.She said 132 premises had been issued with penalties including outlets of Burger King, McDonald's and Starbucks.A branch … [Read more...] about Last straw for McDonald’s, Burger King in Mumbai plastic ban
McDonald’s Corp. has a problem in India and its rivals are loving it. Even as the world’s largest restaurant chain tries to woo Indian stomachs with such menu items as the McAloo Tikki (a potato and pea patty on a bun), a legal dispute with a key franchisee partner has hampered its expansion. Shares of India’s Domino’s Pizza operator Jubilant Foodworks Ltd. have more than doubled in the past year as the country’s biggest quick-service outlet benefits from a surge in online orders for home pizza delivery. A pickup in the economy and growing demand from the planet’s largest youth population are boosting fast-food sales in India. Researcher Euromonitor International predicts the market will expand 5.8 percent to $21.2 billion this year -- a 50 percent jump since 2008. Domino’s and Subway have gained share, eroding McDonald’s hold, Euromonitor data show. Food Rush “Our growth has completely petered off,” said Vikram … [Read more...] about McDonald’s has a legal problem in pizza-loving India
Indian superstar Amitabh Bachchan made his millions (US$100 million) in record time and lost them too within a week, the Statesman reported. His example has come in handy to warn those reposing blind faith in the future of cryptocurrency. On the other hand, Mukesh Ambani, India’s richest man, who is arguably Asia’s richest too, and who transformed India’s telecom sector with his Reliance Jio Network is reportedly contemplating floating another version of the cryptocurrency – JioCoin. What is Bitcoin? A cryptocurrency is a virtual currency which is encrypted and anonymous, making it secure and hard to track. It has no physical manifestation and exists only as a unique string of numbers and characters in the memory of computers. These currencies are traded on online exchanges only geared towards cryptocurrencies, reports Dawn. Bitcoin was the first cryptocurrency which was started in 2009 by an anonymous group or person who go/goes by the name of Satoshi Nakomoto, … [Read more...] about Future of money or a fraud? Deconstructing Bitcoin in the region.
Some of the world’s richest people are famously frugal. Warren Buffett lives in a modest home he bought in 1958 and eats McDonald’s for breakfast every morning. Jeff Bezos, the world’s richest person, drove a Honda Accord until 2013. Frugality is a subjective term. To the average Joe it could mean eating meals at home or scouring the internet for cheap flights. But to a billionaire it means showing up to work in a T-shirt and jeans, driving a Toyota or Volkswagen, and, in some instances, foregoing the purchase of a private jet or lavish vacation home. Surprisingly, some of the richest people on earth are incredibly frugal, each one with their own penny-pinching habits. From eating lunch in the office cafeteria with their employees to residing in homes worth a fraction of what they could afford, these nine self-made billionaires – many of whom are also generous philanthropists – know the … [Read more...] about The surprisingly frugal habits of 9 billionaires