The United States and Iran remain deadlocked over control of the Strait of Hormuz, a critical chokepoint for global oil and liquefied natural gas shipments, with no breakthrough in sight despite ongoing indirect talks. The impasse has persisted even after…
Retail giant Walmart has rapidly expanded into the electric-vehicle charging business, opening 46 high-speed stations with 380 cords through June 2026 and positioning itself as a major competitor in the sector. The buildout leverages Walmart’s nationwide store footprint—now spanning about…
BMW has struck a deal with German worker representatives to offer voluntary severance packages as part of a global workforce reduction of about 8,000 employees—roughly 5% of its total workforce. The cuts, which will be concentrated in Germany, target roles…
US Senators Todd Young and Andy Kim have introduced the Safety and Accountability in Freight Enforcement (SAFE) Act, a Senate companion to a House bill targeting chameleon carriers. The legislation directs the Federal Motor Carrier Safety Administration (FMCSA) to study…
Zeekr has unveiled the 9X, a full-size luxury plug-in hybrid SUV designed to challenge Europe’s established premium brands with a blend of Chinese tech and Swedish design. The flagship model rides on Geely’s SEA-S platform and is powered by a…
Global oil prices surged on Tuesday after a brief lull in the Iran war was shattered by fresh missile strikes, pushing Brent crude up $3.71 to $85.79 per barrel and U.S. benchmark crude up $3.78 to $83.04. The rebound followed…
A Chinese car carrier, the Glovis Nova, has set a national record for electric vehicles shipped in one voyage, carrying 7,738 Teslas from Shanghai to Zeebrugge in Belgium. The ship, which can carry up to 10,800 vehicles at once, is…
German elastomer specialist Kraiburg TPE has launched a thermoplastic elastomer (TPE) material tailored for wireless earbuds and other consumer-electronics devices that require integrated LED lighting. The new Light Effect TPE combines high light transmission with a soft-touch surface and strong…
Trelleborg Sealing Solutions Aerospace has inked a global distribution pact with aerospace distributor Proponent, naming it the worldwide master distributor for aftermarket aircraft interior components from its former Magee Plastics business. The deal was announced at the Farnborough International Airshow…
Nexen Tire has reported a 20% decline in second-quarter profits, with operating profit down 19.5% year-on-year to KRW34.3 billion (€20.8 million), despite a 10.8% increase in sales to KRW891.3 billion. The decline in profits was attributed to higher raw material…