Kazakhstan, South Korea upgrade ties as projects near $19 billion
Kazakhstan and South Korea have agreed to upgrade relations to a comprehensive strategic partnership, as the two countries discuss nearly $19 billi...
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
The fast-food chain, which has operated in India since 1996, runs hundreds of outlets across the country and recently opened a global office in Hyderabad. The company aims to make this its largest base outside the United States. “We’re still in the early stages, so it’s difficult to quantify the exact investment,” said Deshant Kaila, head of Global Business Services operations, during an event in Hyderabad.
McDonald’s is currently testing AI to validate customer orders in 400 restaurants, helping to catch errors before food is handed over. The technology is expected to be deployed across 40,000 global outlets by 2027, according to Durga Prakash, head of technology for global offices.
The company is also using AI for sales forecasting, pricing strategies, and product analysis, and is developing a personalised mobile app to be used worldwide. Kaila said the company’s India expansion will focus on strengthening its AI capabilities, with spending directed more toward technology and infrastructure than workforce growth.
McDonald’s is also considering opening a global office in Poland, similar to its existing hubs in India and Mexico, according to Prakash.
Earlier this year, the state government of Telangana announced that McDonald’s would establish a global capability centre in Hyderabad, set to employ 2,000 people. These centres in India, once known for cost-effective outsourcing, have evolved to provide a range of high-level services, including operations, finance, and R&D to global firms.
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the UK Maritime Trade Operations (UKMTO), adding to concerns about energy supplies after Saudi Arabia shut down a vital oil pipeline on Saturday.
U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent amid fresh regional attacks and supply concerns.
A Russian strike on a farm warehouse in Pryluky, north-central Ukraine, has killed at least three people, local police said. Meanwhile, EU foreign policy chief Kaja Kallas said an attack on a train near the Polish border was an attempt to intimidate Ukraine's allies.
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying Tehran will not negotiate until its conditions are met.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil refinery that has remade the country's fuel market to public ownership for the first time.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
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