Car sales in China, the world's biggest vehicle market, have seen their first annual fall in twenty years. Sales fell 6% to 22.7 million units in 2018, according to the China Passenger Car Association (CPCA).
A coalition of rightwing parties will rule Spain's most populous region, Andalusia, for the first time in 36 years under a deal with the far right. The conservative Popular Party (PP) will rule along with the centre-right Citizens.
Rebel Conservative MPs joined forces on Wednesday with Labour to inflict a fresh blow on Theresa May's government in a Commons Brexit vote. It means the government will have to come up with revised plans within three days if Mrs May's EU withdrawal deal is rejected by MPs next week.
President Donald Trump has walked out of a meeting with Democratic leaders as negotiations broke down on the 19th day of a US government shutdown. The Republican president ended talks after Nancy Pelosi and Chuck Schumer stuck by their refusal to fund his planned US-Mexico border wall.
Venezuelan President Nicolas Maduro on Wednesday warned he could take “diplomatic measures” against Latin American nations that signed a statement last week describing his second term, which starts on Thursday, as illegitimate.
Venezuela’s defense minister told socialist President Nicolas Maduro to step down last month, and said he would offer his own resignation if he did not, the Washington Post reported on Wednesday, citing an anonymous U.S. intelligence official.
Jaguar Land Rover (JLR) will announce on Thursday it is cutting up to 5,000 jobs from its 40,000 strong UK workforce. Management, marketing and administrative roles are expected to be hardest hit, but some production staff may also be affected.
Brazil’s 2018/19 soybean crop forecast was cut to 116.9 million tons on Wednesday from 121.4 million tons late in November, said consultancy AgRural, blaming extreme heat and a dry spell in southern areas for the smaller projection.
The World Bank lowered its growth estimates for Brazil both in 2018 and this year. Last June the multilateral organization bi-annual report indicated that Latin America's largest economy would advance 2.4%, but it has now reduced that to 1.2%, one of the greatest falls for any country in the report.
Brazil's president Jair Bolsonaro reaffirmed his rejection of a global migration pact, saying decisions about who was able to come into his country need to be sovereign. His comments, posted in a series of messages on his Twitter account, reinforced Bolsonaro's declaration before he took office last week that he was going to pull Brazil out of the migration compact that was endorsed by the UN General Assembly in December.