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  • Today's business and finance round up 17th May 2022

Today's business and finance round up 17th May 2022

Made.com shares plunge as furniture demand weakens

May 17, 2022

17th May 2022

Bite-sized business news from the UK and beyond

Good morning 32 years after opening its first branch in Moscow, McDonald’s is bowing out of Russia. The fast-food giant temporarily shut down more than 800 restaurants, which employ 62,000 people, in March following the invasion of Ukraine but will now sell its Russia business. McDonald’s could take up to a $1.4bn hit from the sale.

Today's stories

  • Un-made – Made.com shares plunge as furniture demand weakens

  • Emptying breadbasket – India pulls the plug on wheat exports

ONLINEMade.com shares plunge as furniture demand weakens

Other stories to keep you in the loop

  • Bank of England governor warns of 'apocalyptic' food prices as he defends inflation policy

  • Energy price cap adjustments could be every three months under Ofgem reform plan

  • Elon Musk responds with poop emoji after Twitter boss hits back over fake account concerns

  • Chelsea takeover: Ministers fear sale of club could 'fall apart'

  • Greggs sales lag in cities amid shift to working from home

  • National Express refuses to budge on Stagecoach takeover offer

  • Jeff Bezos accuses Biden of 'misdirection' over inflation

  • Walmart targets university grads with $210k store manager roles

TRADEIndia pulls the plug on wheat exports

Stat of the day

New figures show that 23% of Brits would rather quit or find a new job than return to the office five days a week – the highest of any other country

Interesting links from around the web

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