Racism: Black McDonald’s owner sues for racial discrimination

A former professional baseball player who was once the largest black McDonald’s operator in the US has sued the company for racial discrimination. Herb Washington said the firm had denied…

Trade Wars: Cognac targeted with tariffs in US-EU trade row

The US will impose new import taxes on some French and German goods as part of a long-running trade dispute. It announced tariffs on aircraft manufacturing parts along with certain…

Power Shift: EU trade with US and UK slumps

Although the US and the UK remain the EU’s largest export markets, trade with both countries dropped significantly, the statistics showed. “Trade with the United States recorded a significant drop…

Power Shift: China overtakes US as EU’s biggest trading partner

China is now the EU’s biggest trading partner, overtaking the US in 2020. China bucked a wider trend, as trade with most of Europe’s major partners dipped due to the…

Round 1: Citi loses fight to recoup mistaken $500m payments

The recipients of roughly $500m (£360m) that US banking giant Citigroup wired erroneously will get to keep the money, a US judge has ruled. Judge Jesse Furman said Citi was…

Covid: Melbourne and Auckland to end lockdowns

The Australian state of Victoria and the New Zealand city of Auckland will both end lockdowns on Thursday. Authorities in Australia said they had gained control of a hotel quarantine…

Covid: Japan’s economy shrinks 4.8% in 2020

Japan’s economy surged in the fourth quarter of 2020, but it was not enough to keep the country from negative growth for the year. The economy beat expectations to grow…

Covid-19: UK Launches quarantine hotel for international travellers

All British and Irish citizens and UK residents who arrive in England after being in a high-risk Covid country now have to self-isolate in hotels. The “red list” of 33…

Covid: Pound hits three-year high on vaccination hopes

The pound has hit its highest level against the dollar in nearly three years, amid rising optimism about an end to lockdown in the UK. It surpassed $1.39 on Monday,…

The Season of Electric Vehicles: Jaguar car brand to be all-electric by 2025

Jaguar Land Rover’s Jaguar brand will be all-electric by 2025, the carmaker has said. The company will launch electric models of its entire Jaguar and Land Rover line-up by 2030,…