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Parsons wins contract to support The Boring Company's Dubai Loop underground transit project

Market News
04 May 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

Parsons Corporation has secured a 9-month contract to provide professional services for The Boring Company's Dubai Loop project, an innovative underground transportation system in Dubai. Parsons will act as the delegated program manager, overseeing design-build activities, independent design verification, stakeholder management, and regulatory support. This partnership supports Dubai's 2040 Urban Master Plan by integrating advanced transport technology to enhance urban mobility. Parsons brings extensive regional experience, having contributed to major UAE infrastructure projects since the 1980s.

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MCP server design cuts AI token costs by 75% without accuracy loss, boosting efficiency and lowering expenses.

MCP server design cuts AI token costs by 75% without accuracy loss, boosting efficiency and lowering expenses.

Cyclr's benchmark study reveals that using a task-focused 'Thin MCP' server design can reduce AI token consumption by about 75% compared to a broad 'Thick MCP' design, while maintaining the same level of answer accuracy. The study tested configuratio...

Others
Neutral
1 hour ago
Xcel Brands partners with KBL Group to produce OFF/DUTY by Coco Rocha fashion line.

Xcel Brands partners with KBL Group to produce OFF/DUTY by Coco Rocha fashion line.

Xcel Brands has signed a licensing agreement with KBL Group to produce ready-to-wear collections for OFF/DUTY by Coco Rocha, a fashion brand created with supermodel Coco Rocha. KBL Group will handle sourcing, product development, manufacturing, and s...

Company Fundamentals
Bullish
1 hour ago
State Street Global Advisors increases stake in DCC plc to nearly 1.4% with recent share purchases.

State Street Global Advisors increases stake in DCC plc to nearly 1.4% with recent share purchases.

State Street Global Advisors & Affiliates disclosed an increase in their holdings of DCC plc ordinary shares to 1,194,093 shares, representing approximately 1.398% of the company. The purchases occurred on July 3, 2026, at a price of €60.90 per share...

Market News
Neutral
1 hour ago
Bath & Body Works launches Fruit Fusion body care line with Hilary Duff as ambassador.

Bath & Body Works launches Fruit Fusion body care line with Hilary Duff as ambassador.

Bath & Body Works introduced Fruit Fusion, a new body care franchise featuring fruit-inspired scents and hydrating formulas, available in the U.S. and Canada starting July 6, 2026. Actress Hilary Duff serves as the brand ambassador and creative partn...

Others
Bullish
2 hours ago
Global Family Office Summit in Lake Como spotlights AI, private markets, and global investment trends.

Global Family Office Summit in Lake Como spotlights AI, private markets, and global investment trends.

The 32nd Global Family Office Investment Summit in Lake Como gathered over 200 family office leaders, investors, and entrepreneurs from 27 countries to discuss emerging trends in AI, private equity, healthcare innovation, and global investment opport...

Market News
Neutral
2 hours ago
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