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5 Things You Need To Know, Today, on Tuesday 3rd January 2023

5. Electric car maker Tesla says it delivered a record 1.3m vehicles last year, 40% more than in 2021.

It comes after the company delivered more than 405,000 vehicles in the last three months of 2022, however, that figure missed Wall Street forecasts of around 430,000 for the period.

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4. Millions of low-income households in Britain will receive cost-of-living support from the government of up to 900 pounds ($1,084) over the financial year, the country's Department of Work and Pensions said on today.

The money will directly go to claimants' bank accounts in three payments over the financial year, the department said in a statement.

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3. A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned.

Kristalina Georgieva said 2023 will be "tougher" than last year as the US, EU and China see their economies slow.

(Click here to read more)

2. There was a sharp rise in the number of shops closing on the UK's High Streets, shopping parades, and out-of-town shopping parks in 2022, according to the Centre for Retail Research (CRR).

More than 17,000 sites shut up shop - the highest number for five years with total closures were nearly 50% higher than in 2021

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1. People returning to work this week after the Christmas break are being urged to avoid travelling by rail because of strikes.

The walkouts by RMT members on 3-4 and 6-7 January, and by Aslef drivers on 5 January, will "significantly impact" services, said Network Rail.

(Click here to read more)