US vehicle sales got a boost from strong demand in 2023, due in part to attractive offers by automakers and dealers in the face of high interest rates and stubborn inflation. Ford, whose US sales rose to almost two million vehicles in 2023, also noted "accelerating sales of its electric and hybrid vehicles to new records."
New York state sued PepsiCo on Wednesday, pointing to the soda giant's plastic waste as a scourge of waterways and blasting the company's "misleading" statements on the environment. The plastics "cause wide-ranging harms to the public and New York State," said the suit, which points to the presence of microplastics throughout the human body and fish game species.
Conservative media mogul Rupert Murdoch, who hands control of his empire to son Lachlan this week, on Wednesday pledged to maintain an "active role" in the business and slammed "intolerant" elites for silencing debate one year before the 2024 election. The 92-year-old Murdoch formally passes the torch to 52-year-old Lachlan at News Corp on Wednesday.
UK housing rental prices spiked by a record rate with London hit particularly hard, official data showed Wednesday, stoking a cost-of-living crisis as inflation remains elevated despite a sharp slowdown. UK inflation also remains the highest among the G7 rich nations and is more than double the Bank of England's official two-percent target.
Former Czech billionaire premier Andrej Babis will go back to court over an EU fraud case after an appeals court cancelled his acquittal, a specialised judiciary website said Wednesday. The High Court in Prague scrapped the January verdict acquitting Babis because of "insufficient and wrongly used evidence", said the Ceska justice (Czech Judiciary) website.
Retail sales in the United States fell slightly in October, according to government data published Wednesday, fueled by a large drop in consumer spending at furniture and home furnishing stores. Spending at furniture and home furnishing stores saw the largest monthly decline in October, falling by 2.0 percent from a month earlier.
Bangladesh garment factories reopened Wednesday as hundreds of thousands of workers returned to key manufacturing hubs after days of violent protests demanding a near-tripling of the minimum wage. Top union leader Babul Akhter said on Wednesday that while they still rejected the new minimum wage, he urged workers to return to factories.
The European Commission on Wednesday lowered its eurozone growth forecast for 2023 and 2024, saying the high cost of living and interest rates were weighing on consumers and businesses.
Chinese internet giant Tencent announced on Wednesday a nine percent year-on-year dip in third-quarter net income, even as it posted growth in revenue over the same period. Total third-quarter revenue for the tech giant stood at 154.6 billion yuan ($21.3 billion), up 10 percent year-on-year and up four percent from the second quarter.
Negotiators for the EU's member states and lawmakers on Wednesday reached a deal on new rules to curb methane emissions which would put new reporting requirements on the coal, gas and oil industry. It requires the fossil fuel energy sector to have new measures to track and monitor methane gas emissions, and to prevent leaks.
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