Things To Do In SW Florida

By CHAN HO-HIM

HONG KONG (AP) — China will ban hidden door handles on cars, commonly used on Tesla’s electric vehicles and many other EV models, starting next year.

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All car doors must include a mechanical release function for handles, except for the tailgate, according to details released by China’s Ministry of Industry and Information Technology on Monday.

Officials said the policy aims to address safety concerns after fatal EV accidents where electronic doors reportedly failed to operate and trapped passengers inside vehicles.

The new requirement will take effect on Jan. 1, 2027. For car models that were already approved, carmakers will have until Jan. 1, 2029, to make design changes to match the regulations. read more

By DEE-ANN DURBIN

PURCHASE, NY (AP) — PepsiCo is cutting prices on Lay’s, Doritos, Cheetos and Tostitos chips this year to win back customers exasperated by years of price hikes.

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“For some consumers, low- and middle-income consumers, the biggest friction they have today in our category… is affordability,” PepsiCo Chairman and CEO Ramon Laguarta said Tuesday during a conference call with investors. “So we have been testing multiple ways to give them affordability.”

PepsiCo has leaned on price increases as the cost of packaging, ingredients and transportation rose. In the fourth quarter, PepsiCo hiked prices by 4.5% globally. Prices for PepsiCo beverages rose 7% in North America, while prices for the company’s snacks ticked up 1%. read more

By DEE-ANN DURBIN, Associated Press

It’s a tale as old as time, or at least as old as TikTok: chicken nuggets lovingly topped with a dab of caviar.

McDonald’s is embracing the trend this Valentine’s Day with a limited-time McNugget Caviar kit. The free kit, which will be available on McNuggetCaviar.com on Feb. 10, pairs a one-ounce tin of Paramount’s Siberian sturgeon caviar with a $25 McDonald’s gift card to buy McNuggets. McDonald’s is even throwing in some crème fraiche and a caviar spoon.

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Valentine’s Day is big business for U.S. restaurants. It’s the second-most popular holiday for dining out after Mother’s Day, according to the National Restaurant Association. read more

By MAE ANDERSON, AP Business Writer

NEW YORK (AP) — The Small Business Administration said in a policy note that green card holders won’t be allowed to apply for SBA loans, effective March 1.

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The move is the latest by the SBA as it works to tighten loan restrictions and restructure the agency.

Last year, it tightened a requirement that businesses applying for loans must be 100% owned by U.S. citizens, U.S. nationals, or lawful permanent residents, up from a 51% standard.

In December, it issued a policy note that said up to 5% of a business could be non-citizen owned. But the current policy rescinds that, as well as making lawful permanent residents ineligible, too. read more

By CHRISTOPHER RUGABER, AP Economics Writer

WASHINGTON (AP) — Higher-income Americans and those with college degrees have ramped up their spending more quickly in the past three years than other consumers, according to new data released Tuesday, evidence of worsening inequality that may explain some of the growing pessimism about the economy.

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The data, released by the Federal Reserve Bank of New York, also show that in the final three months of last year, lower-income and rural households faced higher inflation than higher-income households. The spending data focuses only on goods excluding autos, and does not capture likely spending by higher-income households on travel, restaurants and entertainment. read more