Toyota overtakes General Motors in US car sales
Japanese automaker Toyota Motor Corp outsold General Motors in 2021, selling 2.3 million cars compared with 2.2 million for GM. Toyota is often considered one of the leading car producers in the world, but US companies such as General Motors have dominated the domestic market for many years. The Detroit-based company has led US sales since 1931.
Last year, Toyota’s US sales increased by 10%, while GM went down by 13%.
Jack Hollis, Toyota’s senior vice president in North America, downplayed his company’s success. “Yes, we did surpass General Motors in sales,” Hollis told CNBC on Tuesday. “But to be clear, that is not our goal, nor do we see it as sustainable.”
According to a forecast by data analytics company J.D. Power, about 15 million cars were sold in the US in 2021. Vehicle sales slightly improved last year compared to 2020. However, over the five years before the pandemic, sales averaged 17 million a year.
Creator of Ethereum drops out of billionaires list
Ethereum co-founder Vitalik Buterin tweeted recently that he was no longer a billionaire. At the same time, he firmly believes that Ethereum was not a mistake.Last year, Vitalik Buterin, the founder of the Ethereum blockchain system, became the world's youngest cryptocurrency billionaire. This year, however, the situation has changed. In May 2022, top digital assets fell sharply in price.
16:06 2022-05-27 UTC+00
US economy outpaces China’s for first time since 1976
According to Bloomberg, in 2022 the US economy will outpace China’s for the first time in half a century. The both countries' approach to the coronavirus pandemic has taken its toll.Bloomberg analysts emphasize that the US will outperform China for the first time since 1976. This lag is due to numerous lockdowns imposed by China amid the COVID-19 pandemic.
15:25 2022-05-27 UTC+00
Saudi Arabia to include Russia in new OPEC agreement
In an interview with the Financial Times, Prince Abdulaziz bin Salman, the energy minister, pointed out that Riyadh was hoping to develop an agreement with OPEC+, including Russia. "The world should appreciate the value of the alliance of producers," he said.However, he believes that it is too early to discuss the details of the new agreement given the uncertainties in the market.
14:04 2022-05-27 UTC+00
World can withstand loss of Russin oil supply, IEA said
Russia clearly plays an important role in the global oil market. However, in light of current geopolitical developments, many nations are now actively reviewing their energy policies of cooperation with this country.It turns out the world can withstand the loss of Russian oil supplies. All that needs to be done is to find an alternative.
12:58 2022-05-27 UTC+00
Food crisis brews up before hostilities in Ukraine
Experts concluded that the food crisis raging across the world came into being long before Russia’s invasion of Ukraine. The food crisis was fueled by soaring food prices, the phenomenon emerged before the ongoing geopolitical jitters in East Europe. Analysts pinpointed the underlying reasons that are to blame such as global rampant inflation and sky-high energy prices.
10:20 2022-05-27 UTC+00
UK 'unprepared' for food price hikes and shortages
According to Ian Wright, the head of the UK government advisory body, the country is not ready for a surge in food prices. The official is highly concerned that the British government has no proper plan to cope with a “scary” future of food price hikes and shortages of essential goods, The Independent notes.
13:36 2022-05-26 UTC+00