Toyota Retains Global Auto Sales Crown in 2025 With Record 11.3 Million Vehicles Sold 
ASML’s EUV Monopoly Powers the Global AI Chip Boom 
Asian Stock Markets Rise on AI Optimism Ahead of Fed Decision and U.S. Tech Earnings 
Tesla Q4 Earnings Beat Expectations as Company Accelerates Shift Toward AI and Robotics 
NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push 
Copper Prices Hit Record Highs as Metals Rally Gains Momentum on Geopolitical Tensions 
China to Boost Brazilian Soybean Imports in Early 2026 Amid Price Advantage 
Alibaba-Backed Moonshot AI Unveils Kimi K2.5 to Challenge China’s AI Rivals 
The Maire - EuroChem Case: Three Lessons for Global Business 
Tesla Loses Ground in Europe as BYD Accelerates EV Market Share in 2025 
South Korea Industry Minister Heads to Washington Amid U.S. Tariff Hike Concerns 
Starmer’s China Visit Signals New Era in UK–China Economic Relations 
U.S. Stock Index Futures Steady as Fed Decision and Big Tech Earnings Loom 
Meta Stock Surges After Q4 2025 Earnings Beat and Strong Q1 2026 Revenue Outlook Despite Higher Capex 
Asian Currencies Slip as Dollar Rebounds Ahead of Fed Rate Decision 
LVMH Investors Watch Earnings Closely as Luxury Recovery Faces New Challenges 
Google Halts UK YouTube TV Measurement Service After Legal Action 
McDonald’s has been sued for $10 billion by companies owned by Byron Allen, a media magnate. The fast-food giant was brought to the court for allegedly being biased against Black-owned media.
Fox Business reported that based on the complaint, McDonald's declined to advertise with Entertainment Studios Networks and the Weather Group that owns The Weather Channel. These two firms are owned by Allen and they have filed their claims in Los Angeles County Superior Court.
Alleged racial discrimination
In the filing that was brought to the court on Thursday, May 20, racial discrimination was the main complaint and this was said to have violated federal and state civil rights law under the racial animus and racial stereotyping in awarding ads.
Likewise, they claimed that McDonald's Corp is not advertising enough with Black-owned media outlets. Adding that 40% of the fast-food’s customers are Blacks but in 2019, the burger joint only allowed less than $5 million of its $1.6 billion ad budget to Black-owned media.
"McDonald's, like much of corporate America these days, publicly touts its commitment to diversity and inclusion, but this is nothing more than empty rhetoric," part of the filing reads.
In response to the lawsuit by Byron Allen’s companies, McDonald’s said that it will be reviewing the complaints. "We have doubled down on our relationships with diverse-owned partners," Reuters quoted McDonald's as saying. “We will review and respond accordingly to Allen's lawsuit.”
McDonald’s chairman re-elected by investors
Meanwhile, McDonald’s has re-elected Enrique Hernandez as chairman despite the calls for his removal. After the controversial ouster of ex-CEO Steve Easterbrook, chairman Hernandez was the next target by a minority group of investors but Bloomberg reported that most of the shareholders voted to keep him in the company.
Meanwhile, the new chief executive officer, Chris Kempczinski, said during the assembly that amid the internal chaos, McDonald’s will now focus on its main menu to keep sales high. He also revealed that they are planning to upgrade and improve digital ordering and speed up services in the fast-food’s drive-thrus.
