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."
An old T-shirt for a handful of rice or some eggs: ever more Argentines are relying on barter to survive in a fast-worsening economy dominating the debate ahead of presidential elections Sunday. In and around the teeming Argentine capital, it is an increasingly common sight for people to knock on doors asking for second-hand clothes to wear, barter or sell.
Japan's economy contracted by a worse-than-expected 0.5 percent in the third quarter, government data showed Wednesday, in a further blow to struggling Prime Minister Fumio Kishida. The shrinking of the world's number three economy, following two consecutive quarters of growth, was worse than the market consensus of a 0.1 percent contraction.
US President Joe Biden and his Chinese counterpart Xi Jinping arrived in San Francisco on Tuesday on the eve of an eagerly awaited meeting between the leaders of the world's two largest economies. The two presidents are expected to meet for several hours Wednesday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco.
McDonald's boss in Britain said Tuesday the US fast-food giant faces "one to two" sexual harassment allegations from workers every week, as he vowed to tackle the issue recently exposed by the BBC. Alistair Macrow, chief executive of McDonald's UK and Ireland, told a watchdog parliamentary committee that the chain's management also receives around five reports a week of bullying.
Siemens Energy will receive a 15-billion-euro ($16.3-billion), state-backed rescue package, Berlin said Tuesday, as the German group struggles to overcome a crisis in its wind power unit. They are part of a 15-billion-euro package agreed with other stakeholders, including private banks and the larger Siemens conglomerate, which is a major shareholder in Siemens Energy.
The UK government on Tuesday urged online food delivery platforms such as Uber Eats, Just Eat and Deliveroo to step up driver vetting to protect people and prevent unauthorised immigrants working illegally.
The Dutch government said Tuesday it was temporarily shelving plans to cut flights at Amsterdam's Schiphol Airport, one of Europe's busiest hubs, admitting it was a "bitter pill for the environment." "The government knows that suspending (the plans) is a bitter pill for the environment...
Argentine livestock salesman Pablo Cicare stands among a herd of Angus cows, source of some of the world's finest beef, that he dreams of being able to freely export after Sunday's presidential election. Farmers need to be able to export freely," said Cicare.
The European Central Bank on Tuesday threatened to impose financial penalties on banks who are slow to minimise climate change-related risks stemming from their activities.
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