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…
Category: Business News
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: 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: 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,…
Tussle: Amazon vs Reliance- The billionaires fight for groceries
A tussle over an Indian grocery company has pitted the world’s largest e-commerce business Amazon against India’s largest company Reliance. The companies are at odds because they both made separate…
Elon Factor: Bitcoin hits new record of $50,000
Digital currency Bitcoin has risen to a new record high of more than $50,000 (£36,000). The so-called cryptocurrency, which was created by an unknown inventor, has risen about 72% this…