Japan's Toyota was the world's top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year, company data showed Monday.. Mio Kato, an analyst at Lightstream Research who publishes on Smartkarma, told AFP that Toyota was likely to keep its top-selling crown in the near term.
Stocks in several of Gautam Adani's companies clawed back on Monday some of last week's heavy losses that wiped out almost $45 billion from the Indian tycoon's vast business empire.. On Monday the 60-year-old was at 11th position in the ranking, which put his wealth at $90.7 billion, below fellow Indian tycoon Mukesh Ambani.
Asian stocks were mixed Monday as traders struggled to maintain momentum from last week's rally, though Shanghai advanced as mainland Chinese markets reopened after a week-long Lunar New Year break.. Chinese markets are "catching up with the performance of Hong Kong and US markets during the Chinese New Year", said Willer Chen, at Forsyth Barr Asia.
The European Central Bank is expected to push on with its inflation fight Thursday with a fresh rate hike, even as signs grow the eurozone might have passed the worst of an economic shock.. But ECB president Christine Lagarde has repeatedly stressed rates will continue to rise at a steady pace, and the bank is expected to agree on a 50-basis point hike Thursday.
Top Republican Kevin McCarthy said he would meet Wednesday with Joe Biden to discuss avoiding a US debt default, but warned the president must rethink his refusal to consider spending cuts in exchange for raising the borrowing limit.. Jean-Pierre has said the Biden-McCarthy meeting would also cover the president's plan to cut the US budget deficit "by making the wealthy and big corporations pay their fair share," rather than, as some Republicans propose, cutting politically sensitive social spending. bbk/mlm
Coal-rich but energy-starved South Africa will not immediately abandon its fossil-fuelled electricity generating plants as it transitions to cleaner forms of power, President Cyril Ramaphosa said Sunday.. South Africa, one of the world's largest polluters which generates about 80 percent of its electricity through coal, is in the grip of an energy crisis.
For much of the last century Belfast's dockyards dominated global shipbuilding but now the harbour that built Titanic is the launchpad for some of the world's biggest TV and film releases.. In a sign of its ambitions, Belfast's Ulster University has partnered with the harbour to deliver the next generation of film and TV production through its new Studio Ulster project.
As Sudan's economic crisis drags on, grocer Hassan Omar keeps busy cleaning packaged food items that have been gathering dust for months as his dwindling customer base make fewer purchases.. Grocer Omar confirmed he had not raised his prices in months.
Driver Tharaa Ali takes her seat at the helm of a high-speed train ferrying pilgrims to Mecca, a beneficiary of conservative Saudi Arabia's bid to employ its booming female workforce.. But last year she joined some 28,000 applicants vying for just 32 slots for women drivers on the Haramain High Speed Railway, which plies the 450-kilometre (280-mile) route between the holy cities of Mecca and Medina at speeds of up to 300 kilometres (186 miles) per hour.
US trade flows are realigning on the back of pandemic shocks and tensions with China, but efforts to reduce interdependence between the superpowers have not brought a swift decoupling.. "The recent (Inflation Reduction Act) and Chips Act, and related sanctions are clear indicators of the Biden administration's efforts to decouple from China" in these areas, said Koopman.
