Oil prices dropped on Friday after three days of gains due to ongoing diplomatic efforts between the US and Iran to reduce Middle East tensions. Brent crude fell 2.16% to $92.94 per barrel, and US West Texas Intermediate dropped 3.2% to $90.02. Despite this easing, fuel prices remain high, causing inflation spikes in Europe and Asia and forcing airlines to cut routes amid soaring jet fuel costs. The global airline sector faces a negative outlook, with profits expected to fall over 35% in 2026. Iran also experiences severe inflation, with consumer prices up 77.2% year-over-year, highlighting the broader economic impact of the conflict. The situation remains fragile as communication channels stay open for potential peace progress.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
