The price of a Big Mac in Iceland is $5.29 (650 krona) and that’s not enough to make a profit. An increase to $6.36 is suggested, but that’s not going to happen. Instead, the country’s three McDonald’s are closing down.
Not only is Iceland experiencing severe economic troubles, but the local McDonald’s owners are bound by a contract to import all of materials from Germany, and that’s gotten quite expensive. The owners are going to reopen under a new name and buy products locally. Good for them:
McDonald’s, the world’s largest chain of hamburger fast food restaurants, arrived in Reykjavik in 1993 when the country was on an upward trajectory of wealth and expansion.
The first person to take a bite out of a Big Mac on the island was then-Prime Minister David Oddsson. Oddsson went on to become governor of the country’s central bank, Sedlabanki, a position that he was forced out of by lawmakers earlier this year after a public outcry about his inability to prevent Iceland’s financial crisis.
Switzerland’s glaciers shrank by 12 percent over the past decade, melting at their fastest rate due to rising temperatures and lighter snowfalls, a recent study showed.
Glaciers are a key source of water for hydro-electric plants in Switzerland as well as an important tourist attraction.
Matabeleland Tuskers lost to Mountaineers by eight wickets in the Faithwear Metbank One-Day game in Mutare on Monday.
Sean Williams scored 34 runs before he was stumped by Tatenda Taibu captain captain Greg Strydom scored 53 runs off 53 deliveries.
But the visitors could only manage 197 all out and, the hosts lost just two wickets on their way to a comfortable victory.
There were four wickets for Natsai Mushangwe and two for Njabulo Ncube for the hosts.