What We're Watching
American companies challenged over Gaza war
Police officers stand guard outside a McDonald's restaurant during a protest.
REUTERS/Sigit Pamungkas
The movement is spreading to more countries on social media, aided by apps like Bilzamish and No Thank You that allow consumers to scan a product's barcode and learn to what extent the manufacturer “supports Israel.”
McDonald’s rose to the top of the blacklist after it donated thousands of free meals to the Israeli military. The fast-food giant said in February that the boycott was part of the reason international sales rose by just 0.7% during the fourth quarter of 2023, down from a 16.5% the year before. Unilever, which produces Dove soap and Ben & Jerry’s, said sales in Indonesia experienced a double-digit decrease because of “geopolitically focused, consumer-facing campaigns.”
The companies in question are not expected to lobby Washington to change its Israel policy, and they will likely weather the hits to their bottom lines until the movement, or the war, loses steam. But the movement shows how US support for Israel is damaging its reputation in parts of the Arab world.
As America celebrates 250 years, Bank of America is proud to honor our shared history. Discover our commitment.
Last week, Microsoft highlighted its Ratepayer Protection Tariff (RPT) proposal, a framework designed to ensure datacenters bear the costs associated with required grid improvements rather than shifting those costs to residential customers. Developed in response to growing energy demand in Nevada, the proposal aims to support grid expansion and reliability while providing a model that could inform broader discussions about how states manage rising electricity demand. Read more here.
The World Health Organization said on Saturday the outbreak reached 3,605 cases
Japan and the United States confirmed today they jointly intervened to prop up the Japanese yen, the first such action since 2011.