Toyota said Wednesday that it enjoyed a record net profit of 4.94 trillion yen ($31.9 billion) in the year to March on revenues of 45.1 trillion yen, which was also an all-time high. Toyota's previous record annual net profit was 2.85 trillion yen in 2021-22.
A US import ban on certain Apple smartwatch models came into effect Tuesday, after the Biden administration opted not to veto a ruling on patent infringements. The United States International Trade Commission (ITC) decided in October to ban Apple Watch models over a patented technology for detecting blood-oxygen levels.
Homelessness in rural England has risen by 40 percent in five years with many sleeping in the open air, tents or makeshift shelters, a British rural charity said on Tuesday.
Japanese car maker Daihatsu has suspended all its domestic production as the Toyota-owned company faces a massive safety testing scandal. Last week, the company said it had been manipulating safety tests since at least 1989, affecting 64 models, including some sold under the Toyota brand which also are being suspended.
As the world pivots from planet-warming fossil fuels to renewable energy, a new pollution problem is rearing its head: What to do with old or worn-out solar panels? With the United States among countries committed to weaning itself off fossil fuels following a landmark COP28 climate agreement, solar panel installation looks set to increase to a peak two decades from now.
China's top electric automaker BYD will build a car factory in Hungary, the company said Friday, as it pushes forward with plans for expansion into Europe despite growing concerns around fair competition. BYD already has operations in Hungary, including an electric bus factory.
US engine maker Cummins Inc has agreed to pay $1.67 billion to settle claims it installed devices to defeat emissions controls in hundreds of thousands of pickup truck engines, the Justice Department said Friday. Defeat devices and auxiliary emission control devices were allegedly installed on nearly one million engines produced since 2013 for RAM pickup trucks, which are made by Stellantis.
A measure of inflation favored by the US Federal Reserve weakened in November on lower energy prices, government data showed Friday, providing further reassurance to policymakers keen to rein in price increases. Friday's numbers also showed that consumption ticked up 0.2 percent from a month prior in November, while personal incomes increased too.
Sales of new US homes cooled more than anticipated in November, slipping to the lowest level in a year, according to government data released Friday. Analysts noted Friday that home sales data can be volatile and subject to revision.
At a French caviar factory this week, a worker used tiny pliers to carefully line up black sturgeon fish eggs against a ruler. When the eggs were not yet big enough or too mature, the fish was sent shooting down a slide back into the water.
Economy
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