2 min read
Business

Record Breaking Oil Production in the US Under President Biden

The energy industry in the United States has experienced a significant boost in recent years, with oil production reaching record levels under the Biden administration. According to recent reports, the US has become the world’s top producer of oil, surpassing both Saudi Arabia and Russia.

1 min read
Business

Boeing under fire after FAA audit uncovers dozens of problems in 737 Max production

The Federal Aviation Administration (FAA) audit of Boeing’s 737 Max production has uncovered numerous issues that need to be addressed before the aircraft can be cleared for flight.

2 min read
Business

Tesla’s operations disrupted in Germany after attack by leftist extremists

Tesla’s production at its factory in Germany has come to a halt following an attack claimed by a far-left group. The attack, which took place on Monday, has caused disruptions in the supply chain and has raised concerns about the safety of the facility.

2 min read
Business

Tesla Factory in Germany Shut Down Due to Suspected Arson Attack

Tesla Inc. has temporarily halted production at its factory in Germany following a suspected arson attack, the company confirmed on Friday. The incident took place on Thursday night, leading to extensive damage to a production hall at the site.

2 min read
Business

EV Startup Rivian Announces Layoffs, Lucid Forecast Disappoints

Impact on Employees
The layoffs will affect approximately 250 employees across various departments within Rivian. The company stated that this move is necessary to streamline operations and ensure long-term sustainability.

3 min read
Business

Grim Outlook: EIA Expects No Growth in U.S. Crude Oil Production this Year

The Energy Information Administration (EIA) has released a report projecting that the United States’ crude oil production will experience no growth in the current year. This announcement comes as a significant change from earlier predictions of steady growth in the industry.

3 min read
Business

China’s Technological Leap: Next-Generation Chip Production Defies US Restrictions

China, despite facing restrictions imposed by the United States, is forging ahead in its pursuit of becoming a global leader in next-generation chip production. With robust investment and steadfast determination, the Chinese chip industry is poised to make significant advancements in the coming years.

3 min read
Business

Setbacks Loom for Boeing as New 737 Fuselage Issue Slows Down Production and Deliveries

Boeing, the leading aircraft manufacturing company, has recently encountered another setback with its 737 aircraft series. A new fuselage issue has been discovered during production, causing a significant slowdown in both production rates and deliveries. This obstacle adds to the company’s ongoing challenges, as it attempts to recover from the grounding of the 737 MAX series.