OPEC+ to Extend Oil Production Cuts Through End of 2025 in Attempt to Keep Prices High

OPEC+, a coalition of OPEC member countries and allied oil producers, said on Sunday it would extend existing overall oil production limits until 2025 to keep oil prices from falling below desired levels. The cartel said some countries would extend production cuts according to different schedules, while one member, the United Arab Emirates (UAE), would […]
Kevin Costner brings his new ‘love’ to ‘Horizon’ set as production on third western is underway

Kevin Costner knows the benefits of having people he can trust to work with him on location while shooting a movie. The Oscar winner, who recently revealed that production has just begun on the third installment of Horizon: An American Saga , took to Instagram on Sunday to show off some of his best co-stars […]
Boeing production cap extended as regulator steps up safety checks | Boeing

Boeing continues to face limits on the number of planes it can make and tougher safety inspections after U.S. aviation regulators called on it to overhaul its safety culture. The Federal Aviation Administration (FAA) held a three-hour meeting with Boeing’s senior executives on Thursday to outline the company’s plans to resolve safety and quality control […]
China May Attempt to Evade U.S. Tariffs by Routing Production through Mexico

As President Joe Biden announces new U.S. tariffs on several Chinese products, including electric vehicles (EVs), China-based companies may avoid tariffs by rerouting production to other countries. be. This week, Biden announced New tariffs on Chinese steel and aluminum, semiconductors, EVs, batteries, critical minerals, solar cells, land cranes, and medical products. Regarding EVs in particular, […]
US will fall behind in AI race without onshoring chip production: ‘Can’t just design,’ expert says

If production and manufacturing of semiconductor chips and processors remains overseas, the United States will suffer in the race to lead in artificial intelligence (AI) development, industry experts say. “If you’re not making things, you’re just designing software, maybe just designing chips, but if they’re fully built and packaged somewhere else, literally people “You can’t […]
Biden administration greenlights production of first nuclear warhead in 40 years

Senate testimony by Energy Secretary Jennifer Granholm and National Nuclear Security Administration Administrator Jill Hruby revealed the Pentagon is building the first new nuclear warhead in 40 years. The W93 warhead will be built without nuclear testing and will be used on submarine-launched ballistic missiles. Currently, the United States is adhering to a prohibition on […]
Apollo the robot joins Mercedes-Benz assembly line production

You knew this was coming. You’ve probably heard about factory shortages. And guess what? The solution seems to be robots. Mercedes-Benz Manufacturing in Hungary has replaced some human workers with humanoid robots on the factory floor. These futuristic robots are manufactured by the Texas-based company Apptronik. Mercedes-Benz and Uptronik have teamed up to study how […]
U.K. Signs Arms Production Agreement With Ukraine

Members of the Siberian Battalion of the Ukrainian Army participate in military training at a firing range in the Kyiv region on April 10, 2024, during Russia’s invasion of Ukraine. (Photo by GENYA SAVILOV/AFP via Getty Images) Brennan Cooney of OAN11:58am – Wednesday, April 10, 2024 British officials and defense companies have signed an agreement […]
TSMC to boost computer chip production in Arizona with $11.6 billion in federal grants, loans

The U.S. Department of Commerce announced Monday that the U.S. government will provide $11.6 billion in CHIPS Act funds to Taiwan Semiconductor to help the world’s largest chipmaker ramp up production of critical technology in Arizona. The Taiwanese company, which produces 90% of the world’s ultra-advanced semiconductors and supplies tech giants such as Apple and […]
Ford delays production of new electric vehicle amid slowing market — still plans to ‘build a full EV line-up’

Ford announced Thursday that it is delaying production of new electric vehicles as the EV market continues to slump. The company had planned to unveil a new three-row electric SUV in 2025, but has now announced that production will not begin until 2027. The vehicle will be produced at a factory in Oakville, Ontario. “Additional […]