Several oil tankers have begun using a new route through the Strait of Hormuz, a vital waterway, despite Iranian threats against vessels using the path. The alternative passage, promoted by a U.N. maritime agency, runs along the coast of Oman…
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, jumped 4.1% year-over-year in May—the highest since April 2023—fueled primarily by soaring gas prices, semiconductors, and computer equipment tied to AI infrastructure. The monthly increase was 0.4%, matching…
GMC has officially pulled the wraps off the 2027 Sierra 1500, giving its best-selling pickup a full redesign inside and out ahead of its late-2026 on-sale date. The new Sierra 1500 borrows styling cues from the Sierra EV, featuring a…
The U.S. economy expanded at a 2.1% annual rate in the first quarter of 2026, according to the Commerce Department’s final estimate released June 25. The figure marks a sharp upward revision from the previous estimate of 1.6% and a…
Global shares rose on June 25, led by sharp gains in Asian tech stocks after strong forecasts and earnings from Qualcomm and Micron Technology. Oil prices slipped closer to prewar levels, with Brent crude down 1.2% to $72.97 a barrel…
The BMW Group is advancing the use of Physical AI in production with the Figure 03 project at its Plant Spartanburg in the USA. Following a successful deployment of the humanoid robot Figure 02, the next-generation Figure 03 robot will…
The Tire Industry Project (TIP) has initiated a pilot study at the Valenton wastewater treatment plant near Paris, one of Europe’s largest facilities, to evaluate how effectively treatment plants can remove tire and road wear particles (TRWP) from wastewater. Conducted…
The FCC has lifted its ban on the sale of new-model foreign-made drones in the US, but only for so-called ‘toy drones’ that meet specific criteria. These criteria include a take-off weight under 0.3 pounds, 300 feet of controllable range,…
Chinese tire manufacturer Wanli Tire has filed for an initial public offering on the Shenzhen Stock Exchange’s main board, aiming to raise up to Yuan 2 billion (€258 million) to fund overseas expansion. The funds will be split across five…
US-based waste tire pyrolysis specialist Bolder Industries has secured final regulatory approval to build its first European commercial-scale plant in the Port of Antwerp-Bruges, Belgium. The facility, backed by the EU Innovation Fund and co-funded by Tiger Infrastructure Partners, has…