McDonald's ends Olympic sponsorship deal 3 years earlyJune 16, 2017 - 17:12 AMT PanARMENIAN.Net - Fast-food chain McDonald's has ended its Olympic sponsorship deal three years early, The Associated Press reports. The International Olympic Committee says confidential financial terms of the immediate separation were agreed to. IOC marketing director Timo Lumme says "we understand that McDonald's is looking to focus on different business priorities." McDonald's was among 13 top-tier sponsors signed through the 2018 Pyeongchang Winter Olympics and 2020 Tokyo Games. An Olympic sponsor since 1976, McDonald's had signed an eight-year extension to run through 2020. McDonald's had exclusive rights in the "retail food services" sponsor category. The IOC says it will review the sales categories rather than sign a direct replacement. McDonald's remains a national sponsor of the 2018 Olympics with domestic marketing rights in South Korea. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |