the closest estimation to sales figures. 0ur north american business correspondent reports. byd calls itself the biggest car brand you have never heard of. but that may be about to change. the chinese automaker sold more battery powered electric vehicles in the last three months of the year than tesla did. that is a first. the american company is facing headwinds, higher borrowing costs in the us led to slowing demand but its lesser known chinese rival is enjoying tail winds including a massive domestic market, cheap labour, and strong government support. and unlike tesla, byd makes its own batteries. so controlling that part of the supply chain gives byd more flexibility to cut prices which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around 3 million in sales last year but that number comprises both electric cars and hybrid vehicles. even as the
from new york, the bbc s michelle fleury reports. major western brands have found themselves hit by a grassroots often unplanned boycotts because of their stance on the israel palestine conflict. this includes mcdonald s. the burger chain came a target became a target after videos online showing them giving away thousands of free meals to the members of the israeli military. this resulted in boycotts of the brand. owners and muslim majority countries such as kuwait and pakistan put out statements distancing themselves. in a message on linkedin, mcdonald s ceo wrote that the burger chain is experiencing a meaningful business impacted due to the war and associated misinformation. all of this in the middle east and beyond because of the war in gaza. he added, this is disheartening and ill founded, pointing that many of the restaurants are operated by local owners. he didn t elaborate on the scale of the impact, but mcdonald s has around 2,000 restaurants in the region. it isn
correspondence sent this report. the december note on the us central banks asked meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak of the cycle. they also agree it will come down this year. they offered no clues as to how or when that will happen. to remind viewers come at the federal reserve started raising rates in march 2022 to tame inflation. it is so 11 times, taking the benchmark rate to 5.5%. inflation by the time of the last meeting had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number of job openings in the united states fell to 8.79 million in november. this points to weaker demand for labour but is still well above pre covid levels. that is consistent with the fed s goal. to slow the economy without triggering a nasty recession. the feds first ratesetting meeting this year starting january 30. that disappointment is reflected in how us stoc
is the closest estimation to its sales figures. 0ur north america business correspondent erin delmore reports. calls itself the big scarber brown you ve never heard of, but it may be about to change. more of vehicles in the last three months than tesla did. that s a first. the american company is facing headwinds, higher borrowing costs in the us led to spelling demand slowing demand. but the chinese rival is a gluing, enjoying tailwinds with them unlike tesla, byob makes its own batteries, so controlling that part of the supply gives byd more ability to cut prices. as my colleague erin hasjust reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around three million in sales last year, but that number comprises both electric cars and hybrid vehicles. but even as the competition us revving up, it s worth noting that in terms of overall deliveries in 2023, tesla still has byd beat. however, the chinese ev maker s could keep the momentum
are the closest estimation to its sales figures. 0ur north american business correspondent reports. byd calls itself the biggest car brand you have never heard of. but that may be about to change. the chinese automaker sold more battery powered electric vehicles in the last three months of the year than tesla did. that is a first. the american company is facing headwinds. higher borrowing costs in the us led to slowing demand but its lesser known chinese rival is enjoying tail winds, including a massive domestic market, cheap labour, and strong government support. and unlike tesla, byd makes its own batteries. so controlling that part of the supply chain gives byd more flexibility to cut prices, which it did in the last part of the year, sending sales spiking. as my colleague has just reported, tesla s latest number puts byd ahead of the curve. the chinese ev maker reported around 3 million in sales last year but that number comprises both electric cars and hybrid vehicles. e