GE Vernova Q2 Revenue Tops Estimates as Earnings Miss, Shares Slide Despite Higher 2026 Outlook 
Gold Climbs Above $4,000 as Middle East Tensions and Fed Outlook Drive Safe-Haven Demand 
Australia Jobs Surge in June Strengthens Case for More RBA Rate Hikes 
India FMCG Q1 Earnings Preview: Higher Input Costs Likely to Weigh on Profit Margins 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
ASEAN Ministers Warn Middle East Conflict Threatens Regional Stability and Energy Security 
Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment 
US Dollar Climbs to Weekly High as Middle East Tensions Lift Treasury Yields and Safe-Haven Demand 
South Korea Q2 GDP Beats Forecasts as AI Chip Exports Drive Growth 
Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns 
Nike Shifts China Online Sales Strategy to Boost Brand and Fight Local Rivals 
Alaska Air Q3 Outlook Misses Estimates as Higher Fuel Costs Weigh on Profit Forecast 
KPMG Australia Appoints John Sams as CEO Following Audit Leak Scandal 
Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves 
US Stock Exchanges Face Earnings Test as Trading Boom Meets Crypto Competition 
US-Iran Conflict Escalates as Gulf Attacks Threaten Global Oil Supply 
IBM Q2 Earnings Miss Estimates as Software Growth Offsets Infrastructure Weakness 
McDonald's officially made its exit from Russia a few weeks ago, and its restaurants were sold to a local operator. Now the burger joint has been reopened after a rebranding process.
The restaurants are said to still have the look and smell of McDonald's, but they are now operating under the "Vkusno & tochka" banner. Aside from the name, the world-famous golden arches logo is also gone, and these were replaced by orange and green symbols.
According to Reuters, the McDonald's burger joints were reopened last weekend in Moscow. Under the new ownership, the restaurant has been renamed Vkusno & tochcka which is said to be Russian words that mean "Tasty and that's it."
The reopening of the rebranded McDonald's stores was also symbolic because it took place on Russia Day which is a holiday where the citizens celebrate national pride. When McDonald's left due to the war in Ukraine, people protested as they have already come to love the burgers and other food it offers.
But on Sunday, when the Vkusno & tochka finally opened its doors, Russians have flocked to the stores and long queues have formed outside of the store in Pushkin Square in central Moscow. This location was formerly McDonald's flagship outlet.
Hundreds of people were said to have flocked to this original McDonald's store that first opened in 1990. It was explained that the new logo represents a burger and two sticks of french fries. The color scheme is green and orange plus a new slogan of "The name changes, love stays" has been added.
"We need to avoid a drop in quality so that everything stays as it was before because we loved McDonald's," one of the customers named Sardana Donskaya said. She is one of the first people to taste McDonald's when it first landed in Russia 32 years ago.
Vkusno & tochka is not offering a Big Mac and other burgers of the McDonald's brand. There is no McFlurry as well and the menu list is said to be smaller. But customers can dine in to have a double cheeseburger and a fish burger which are both a few roubles cheaper compared to McDonald's.
Finally, CNN Business reported that despite some changes to the menu, a quality manager at the restaurant said that the composition of burgers has not changed and they are using the same McDonald's equipment for their food preparations as well.
