Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment 
Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks 
Oil Prices Edge Higher as Strong U.S. Growth and Supply Risks Support Market 
Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
Taiwan Stock Market Ends Higher as Semiconductor and Energy Shares Lead Gains 
Tim Hortons, Burger King, and Wendy’s owner, Restaurant Brands International, said on Tuesday, Feb. 14, that it has recorded strong sales in the fourth quarter. As per CNBC, the Canada-based fast-food holding company also missed on earnings but slightly only.
Moreover, compared to business analysts’ predictions, Restaurant Brands International was able to beat the revenue expectations. The firm that operates some leading fast-food chains including Burger King, Wendy’s and Tim Hortons is now heading to its new fiscal year and reportedly preparing to speed up the pace of its growth for the next five to 10 years.
"We rounded out an exciting 2022 with another strong quarter, including nearly 8% consolidated comparable sales and 4% net restaurant growth, reflecting the strength of four iconic, global brands,” RBI’s chief executive officer, José Cil, said in a press release for the company’s full-year and fourth quarter 2022 results report.
He added, "We are focused on being guest-led in everything we do, setting our franchisees up for long-term success and as a result, setting ourselves, and our shareholders, up for long-term value creation. I'd like to thank our employees, franchisees, and team members for all their hard work and dedication throughout 2022."
In any case, aside from the financial report, RBI also announced that CEO José Cil is set to step down and will be replaced by Joshua Kobza who is currently serving the firm as chief operating officer. He will be taking over the chief role starting March 1. Then again, Cil will be staying with RBI for a year as an advisor. He is expected to help the company with the transition during that period.
"The Board of Directors has worked with management to build a thoughtful succession plan for key positions, so this is a natural transition for Josh to lead our next phase of growth,” RBI board chairman, Patrick Doyle, stated. "On behalf of the Board of Directors, I want to thank José for his unwavering dedication and passion for growing our restaurant brands and for the progress we have made, most recently evidenced by our latest quarterly results.”
Photo by: Danny Ouimet/Unsplash
