Boeing Sells Wisk Flying Taxi, Drone Units to Archer
Boeing has agreed to sell its Wisk, SkyGrid, and Insitu units, which specialize in flying taxis and drones, to Archer Aviation. As part of the deal, Boeing will take an almost 20% stake in Archer and enter into a technology-sharing…
Oil tankers dodge Hormuz attacks with covert ship-to-ship transfers
Global oil markets are getting a lifeline from covert ship-to-ship transfers off the coast of Oman, where satellite data shows 12 cargo switches occurred on August 10 alone. These transfers are keeping millions of barrels flowing despite recent attacks on…
GM sells 49.99% stake in Indiana EV battery plant to Samsung SDI
General Motors has agreed to sell its 49.99% stake in a planned $3.5 billion electric-vehicle battery joint venture in Indiana to Samsung SDI, the South Korean battery giant announced on August 11, 2026. Samsung SDI will acquire the stake and…
Trump extends Jones Act waiver with tighter restrictions on foreign-flagged ships
President Donald Trump has extended a 90-day Jones Act waiver, allowing foreign-flagged vessels to transport select energy commodities between U.S. ports, but with stricter conditions. The waiver, finalized on August 10, 2026, now requires case-by-case reviews for individual voyages, a…
Oil prices surge again after 5% jump as Strait of Hormuz closure fears grip markets
Global oil prices climbed for a second straight day on Tuesday, extending Monday’s 5% surge as geopolitical tensions over the Strait of Hormuz kept markets on edge. Brent crude oil, the international benchmark, rose 2.4% to $89.80 per barrel, while…
92% of new UK cars are automatics — manuals are fading fast
The UK new-car market has flipped the script on transmissions: automatic gearboxes now dominate to an unprecedented degree. Fresh registration data shows that 92% of all new cars ordered in Britain this year came with automatic transmissions, while only 7.9%…
DTNA to keep Carolinas and Mexico plants open despite new U.S. plant buildout
Daimler Truck North America (DTNA) has confirmed it will not close any additional manufacturing plants in North America beyond its Portland, Oregon facility, despite plans to open its largest U.S. assembly plant. The new plant, whose location remains undecided, is…
FMCSA proposes permanent English proficiency rule for truck drivers, targets 9,000 annual out-of-service cases
The Federal Motor Carrier Safety Administration (FMCSA) has proposed a rule to permanently codify English-language proficiency (ELP) standards for commercial drivers, a move it estimates could remove 9,000 drivers from service annually. The proposal, announced by Transportation Secretary Sean Duffy…
JBS Names Wesley Batista Filho as Incoming Global CEO
JBS NV has announced that Wesley Batista Filho will become the company's global CEO in January, marking the return of a Batista family member to the top role after approximately eight years. Batista Filho, the grandson of JBS founder Jose…
Hopes for reopening Strait of Hormuz fade as Trump and Iran trade fresh demands
President Donald Trump on August 10, 2026, escalated demands for compensation from Iran, rejecting Tehran’s reparations requests tied to reopening the Strait of Hormuz. Trump’s demands—including compensation for alleged victims of Iranian actions and damages in Lebanon, Syria, Yemen, and…