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Profits fall at McDonald's as it redoubles value push
Profits fall at McDonald's as it redoubles value push

Fast food giant McDonald's vowed Monday to win back consumers with better value offerings after it reported a rare sales decline that the company partly attributed to an exodus of inflation-weary low-income consumers. The summer offering is a pitch to inflation-weary consumers to "help your dollar go further," said a June 20 company announcement.

UK warns of extra £22bn hole in public finances
UK warns of extra £22bn hole in public finances

Britain's Labour finance minister Rachel Reeves declared Monday that the public finances face an extra £22-billion hole inherited from the previous Conservative administration and warned of "difficult decisions" ahead to cut spending or hike taxes.