Claire Donovan 
The US trade deficit has widened to its largest in over a year, with a 42.2% increase from the prior month to $77.6 billion in May. This increase is attributed to a broad-based rise in imports and a decline in…
Walmart has initiated summer price cuts across multiple products, including ground beef, corn, red cherries, ice cream, potato chips, Coca-Cola, and Pepsi, but the retail giant’s statement made no mention of any government involvement. The announcement came after President Donald…
Leapmotor, a Chinese EV startup partnered with Stellantis, has seen its sales nearly double in six months, thanks in part to a remarkably cheap lease deal in Germany. The Leapmotor T03, which starts at €18,900, can be leased for just…
The European Chemicals Industry Council (Cefic) has sounded the alarm over proposed reforms to the EU Emissions Trading System (ETS), arguing that the current trajectory risks accelerating industrial decline across Europe. In a statement issued on 30 June, Cefic president…
UK-based Avon Technologies’ protection division has secured a €9.4 million order from a European NATO member under the NATO Support & Procurement Agency (NSPA) framework. The contract, valued at $10.8 million, covers FM50 twin-filter air-purifying respirators, FM61EU filters, and accessories,…
Michelin has warned that global tire markets will remain weak through the first half of 2026, with original equipment (OE) demand continuing to decline while replacement markets stay broadly flat. Speaking during a pre-close call on 2 July ahead of…
A massive loophole in the banking system is allowing criminals to commit bust-out fraud, also known as “ghost funding”, by taking out multiple car loans and selling the cars, leaving the fake identity or real person with ruined credit. According…
Tesla has filled a long-standing gap in its U.S. lineup with the arrival of the Model Y L, a three-row, long-wheelbase variant of the popular electric crossover. Priced at $63,630 including destination, the Model Y L is the most expensive…
Mercedes-Maybach is doubling down on the full-size luxury sedan segment with the 2027 S580, a comprehensively refreshed ultra-luxury limousine that refuses to bow to the SUV takeover. While crossovers and SUVs dominate the market, the Maybach S-Class remains a sanctuary…
Tesla’s second-quarter deliveries rose 25% year-over-year globally, driven by a 40% spike in Europe where soaring gasoline prices turbocharged EV demand. The surge contrasts sharply with the U.S., where Tesla’s sales are estimated to have fallen 20% in Q2 to…