Gold Prices Slip Amid Iran Tensions and Rising Rate Concerns 
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector 
WTI Crude Oil Prices Rise Amid Iran Conflict Uncertainty 
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges 
GameStop Eyes eBay Acquisition as Stock Prices Surge After Hours 
Tokyo Inflation Slows Despite Energy Pressures and BOJ Policy Outlook 
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat 
Wall Street Mixed as Apple Earnings Boost Nasdaq and Oil Prices Ease 
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift 
Gold Prices Hold Steady as Iran War and Interest Rate Outlook Weigh on Markets 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports 
Wall Street Surges to Record Highs Amid Strong Earnings and Economic Stability 
Dollar Gains Slightly as Yen Volatility Continues After Japan Intervention 
Oil Prices Ease but Remain Set for Strong April Gains Amid Middle East Tensions 
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats 
McDonald's has formally stopped its operations in Russia this month after temporarily suspending its business in March. With its exit, the fast-food chain has sold its restaurants to a local operator, and now it will be reopening under a new name.
According to Reuters, there is a list of possible names for McDonald's new brand in Russia, and one of them is reportedly "Fun and Tasty." This name surfaced after the company that took over the fast-food chain was said to have registered several possible brand news, including the one mentioned and "The Same One."
It was added that the trademarks registered with the country's Rospatent agency also included the names - "Just Like That" and "Open Checkout." The patent filings for the possible McDonald's new name in Russia were revealed on Friday, May 27.
If these names are approved, and the new owner of the burger joint finalizes their choice, it is expected for most of McDonald's Russian outlets to use that name and open with a new brand. McDonald's sold its business to a local franchisee as it made the decision to leave Russia due to the invasion of Ukraine.
The restaurants that McDonald's owns were sold to Alexander Govor, a local franchisee who owns 25 of the chain' restaurants. For other franchisees, they will be offered an option to continue operating their outlets by working under the new brand.
CNN Business reported that McDonald's announced its departure from Russia earlier this month. It is making this move in response to the subsequent sanctions after the Russian government deployed its military force to invade Ukraine, which many nations condemned the unprovoked act.
Meanwhile, McDonald's agreed to sell its entire restaurant portfolio to Mr. Govor. The company said that he has been one of their franchisees since 2015. The chain also acknowledged that its restaurants will be rebranded after the sale.
"The sale and purchase agreement provides for employees to be retained for at least two years, on equivalent terms," McDonald's said in a press release. "The buyer has also agreed to fund the salaries of corporate employees who work in 45 regions of the country until closing, as well as fund existing liabilities to suppliers, landlords and utilities."
