Category: Industry
World’s Largest Airline Intends to Cut 19,000 Jobs this October
American Airlines, considered to be world’s largest airline, plans to lay off 19,000...
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‘Magic mushroom’ legalization may show up on Oregon ballot
Groups forwarding the legalization of psychedelic mushrooms for therapy may be finally getting...
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UAW Raises Strike Pay as GM Walkout Keeps On
The United Auto Workers union (UAW) said last Saturday that it would raise strike pay by $25 per...
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Miners Eager For Electric Cars
United States Congress is yet to pass legislation regarding the steadily-growing electric vehicle...
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Drone Attack on Saudi Arabian Oil Facility Reduces Global Oil Production
Last September 14, 2019, Houthi rebels from Yemen attacked the largest crude oil processing...
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Continous Sales Decline Causing Industrial Recession with No Sign of Slowing
In a report by Barclays on Thursday, it was declared that “we are in an industrial recession.”...
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Manufacturing Activity in China Hits Lowest Point in Five Months
Manufacturing activity in China is currently experiencing a slump as it hits its lowest reading...
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Tariff Wars Will Hit the Automobile Industry Hard
After President Trump announced last week its intention to impose higher tariffs on all imports...
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Oil Production Cuts and Gas Price Increases
Consumers saw an increase in oil prices this week, experiencing one of the highest in the...
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Occidental Outbids Chevron for Anadarko
In their efforts to disrupt Chevron’s acquisition of Anadarko Petroleum, Occidental Petroleum...
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Toyota’s Project Portal Underway with Zero-Emission Semi-Trucks
Project Portal is a project that commenced in 2017 by automobile company Toyota. It involves...
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Oil Price Increases 1% Amidst Tightening Supply
Oil prices increased 1 percent on Friday as involuntary cutbacks in supply from Venezuela and Iran...
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