A coffee and doughnut from Tim Hortons is seen at a Coquitlam, B.C., location on April 26, 2018. THE CANADIAN PRESS/Jonathan HaywardRestaurant Brands International says it's spending up to $45 million on two deals intended to boost its presence in China and spur growth in what the company sees as a promising market.
The moves come months after the company announced it would need to ramp up spending in China to propel further growth, and executives are striking an optimistic tone about the potential for expansion in the country. RBI had once expected net restaurant growth -- a metric that takes into account locations both opening and closing -- to climb by at least five per cent between 2023 and 2024.
The prediction came amid a drop in consumer spending in China, which has seen an economic slowdown in recent years. Disruptions and job losses during the COVID-19 pandemic, coupled with falling prices for homes -- a staple form of investment for most Chinese families -- have left many Chinese unwilling or unable to spend, sapping the economy of another major driver of business activity.
Recent high school graduate Suborno Isaac Bari, 12, plans to start studying math and physics at New York University in the fall, but he’s already got his ambitious sights set on beginning a doctoral program.When a Florida teen went missing, her parents searched her phone, desperate for clues. What they found shocked them. For months, she’d sent nude photos and videos of herself to a man they now feared had abducted her.
Thirty passengers were injured after a flight from Madrid to Uruguay was hit by "strong turbulence" and had to make an emergency landing in Brazil, Spanish airline Air Europa said on Monday. Former TV host Carlos Watson took the witness stand Monday in the criminal trial surrounding the collapse of his Ozy Media, insisting he hadn’t schemed to con the startup's backers.Renauld White, an actor and trailblazing model whose career spanned decades, had died, according to his modelling agency. He was 80.
A rave at the Ontario Science Centre was the place where Greg LeBlanc says his relationship first began with his husband Mark in 1997.Travellers flying with WestJet continue to watch as the airline cancels more flights due to a sudden strike by its mechanics union.The remains of a soldier from Newfoundland killed in the battlefields of France during the First World War will be laid to rest in St.
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