The Lucid logo is shown at the Los Angeles Auto show on Nov. 20, 2025. Mike Blake | Reuters DETROIT — Lucid Group suspended its vehicle production guidance for the year as its incoming CEO evaluates the all-electric vehicle manufacturer’s business operations, including the potential for lower output of EVs. The company on Tuesday said…
The U.S. Air Force approved low-rate initial production of Boeing’s T-7A Red Hawk advanced trainer, setting the stage for the long-awaited replacement of the service’s 60-year-old T-38 Talon. The April 23 decision authorizes a $219 million contract for the first 14 aircraft, along with spares, support equipment and training, the Air Force announced Monday. The…
For months, President Trump and Defense Secretary Pete Hegseth have celebrated tentative agreements with defense companies to expand production of Patriot air defense systems, Tomahawk cruise missiles and other weapons believed crucial for a war with China, Russia or North Korea. “Exquisite Class Weaponry,” the president said on Truth Social on March 6 after meeting…
If there are any winners from the war with Iran in the business world, they are Western oil companies that are reaping the rewards of much higher energy prices. But don’t expect them to invest their bumper profits into pumping a lot more oil and natural gas — at least not yet. In fact, there…
For the first time, the U.S. Air Force is asking Congress to fund the purchase of Collaborative Combat Aircraft, marking the beginning of the “loyal wingman” era. The service’s fiscal 2027 budget request includes $996.5 million in procurement funding to begin production of Increment 1 Collaborative Combat Aircraft, plus $150 million in advance procurement for…
OPEC will be less powerful without one of its leading members, the United Arab Emirates. The question is: How much? The emergence of the United States as the world’s largest oil producer has diminished the grip that the Organization of the Petroleum Exporting Countries had over the global market, as has the departure of several…
The United Arab Emirates dealt a major blow to some of the world’s biggest oil producers on Tuesday when it announced that it was leaving the OPEC oil cartel that has for decades sought to control global prices and fuel supplies. A coalition of around a dozen oil exporters, OPEC has steered prices by setting…
PARIS — ArianeGroup, the French maker of the Ariane 6 space launcher and the M51 submarine-launched ballistic missile, is studying the possibility of manufacturing ballistic missiles in Germany, the company’s chief executive officer, Christophe Bruneau, told Les Echos. Bruneau continues to believe in French-German cooperation “more than ever,” despite setbacks around programs for a future…
Michael Sheen will return to the West End to star in a revival of Peter Shaffer’s award-winning Amadeus, opposite Callum Scott Howells as Mozart. Directed by Jeremy Herrin, the production will open at New Theatre Cardiff in March 2027, before transferring to the Noël Coward Theatre in London for a 16-week run in April. It…
Shorouk Express Kazakhstan Materials 13 December 2025 18:57 (UTC +04:00) Photo: Akimat of Zhambyl region In the Sarysu district of Zhambyl region, preparations are underway for the construction of the largest chemical complex for mineral fertilizer production in Kazakhstan. Access to paid information is limited If You already have a account,…
