5 Things You Need To Know, Today, on Wednesday 17th February 2021

Justin Waite
5 Things You Need To Know
06:11, 17th February 2021

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5 Things You Need To Know, Today, on Wednesday 17th February 2021

 

5. 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 black owners the opportunities it gave to whites, including by steering them to stores to "distressed, predominantly black" areas.

(Click here to read more)

 

4. China is now the EU's biggest trading partner, overtaking the US in 2020.

Trade between China and the EU was worth $709bn (€586bn, £511bn) last year, compared with $671bn worth of imports and exports from the US.

(Click here to read more)

 

3. Activists alarmed by fallen fund manager Neil Woodford's plans to set up a new investment firm have called for an independent inquiry into the collapse of his previous venture.

Mr Woodford's flagship fund was wound up in 2019 leaving small investors with big losses.

(Click here to read more)

 

2. The Issa brothers, two entrepreneurs from Blackburn who made billion-pound fortunes running petrol stations, have completed the deal to buy Britain's third-largest supermarket chain.

Asda was valued at £6.8bn, but the brothers and the investment firm TDR Capital paid just £780m, with the rest being borrowed.

(Click here to read more)

 

1. Bitcoin has risen to a new record high of more than $50,000 (£36,000).

The cryptocurrency, which was created by an unknown inventor, has risen about 72% this year.

(Click here to read more)

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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