European car manufacturers, including Volvo Cars, are facing a multitude of challenges on the road to full electrification. Volvo Cars, for example, recently made the decision to abandon its plan to sell only electric vehicles by 2030. Instead, the Swedish automaker now aims for between 90% and 100% of its car sales to be fully
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A disturbance in the Gulf of Mexico is predicted to intensify into a tropical storm by Monday, potentially escalating into a hurricane before making landfall on the U.S. Gulf Coast. The storm, known as Potential Tropical Cyclone Six, is currently positioned approximately 300 miles south-southeast of the Rio Grande, and is moving in a north-northwest
Boeing and the union representing around 33,000 of its workers have reached a new labor agreement, averting a potential strike that could have disrupted operations at the company’s main factories. The tentative deal offers a 25% raise over four years, as well as improvements to health-care benefits and retirement packages for the employees. The International
Former President George W. Bush’s decision not to endorse a candidate for president is a significant departure from his past actions during election seasons. In 2012, he publicly declared his support for Republican candidate Mitt Romney in opposition to former President Barack Obama. Similarly, in 2008, Bush endorsed Sen. John McCain for president. The fact
In August, the U.S. economy created slightly fewer jobs than expected, marking a slowdown in the labor market. Nonfarm payrolls expanded by 142,000, below the 161,000 consensus forecast. The unemployment rate also ticked down to 4.2%, with the labor force expanding by 120,000. While the August numbers were near expectations, the previous two months saw
The latest data from ADP revealed that private sector payrolls grew at the slowest pace in over three-and-a-half years in August. The report showed that companies added just 99,000 workers to their payrolls, which was lower than the 111,000 jobs added in July and fell short of the consensus forecast of 140,000. This marks the
Concerns have been raised by two U.S. Consumer Product Safety Commission members, Peter Feldman and Douglas Dziak, regarding the safety practices of “foreign-owned” e-commerce platforms such as Shein and Temu. Specifically, they are urging the agency to investigate the alleged sale of “deadly baby and toddler products”. The commissioners emphasize the need to examine Temu
In August, U.S. factories continued to operate in a state of slowdown, sparking worries about the future direction of the economy. The Institute for Supply Management’s monthly survey of purchasing managers revealed that only 47.2% reported expansion in activity for the month, falling short of the 50% breakeven point. While this figure showed a slight
The recent decision by Brazil’s federal supreme court justices to suspend the use of Elon Musk’s social network X throughout the country has sparked a significant amount of controversy. Although the decision was unanimous among the panel of justices, Justice Luiz Fux expressed reservations about the court’s ability to fine individuals or businesses that attempt
Former Democratic Rep. Tulsi Gabbard has recently endorsed Republican former President Donald Trump’s campaign and has been advising him on strategy for the upcoming debate against Vice President Kamala Harris. Gabbard’s perspective on Harris’ policy shifts and her experience from the 2020 Democratic primary debates could be valuable insights for Trump as he prepares to