China plans $75b infrastructure fund to revive economy

China will set up a state infrastructure investment fund worth 500 billion yuan ($74.69 billion) to spur infrastructure spending and revive a flagging economy, two people with knowledge of the matter told Reuters on Tuesday. China‘s economy has started a slow recovery from the supply shocks caused by extensive lockdowns since the second quarter, although headwinds… Continue reading China plans $75b infrastructure fund to revive economy

Outrage as fuel prices surge while wholesale cost drops

Petrol prices in the UK rose at their fastest rate on record in June, despite the wholesale cost of fuel dropping by 10p per litre over the course of the month.  Fuel stations are now charging on average 16.59p more per litre for petrol than they did at the end of May, with a litre… Continue reading Outrage as fuel prices surge while wholesale cost drops

Ford CEO Jim Farley makes podium at iconic Le Mans Classic race

Ford CEO Jim Farley, a longtime race car driver who finds relaxation behind the wheel in a fire resistant jumpsuit, competed in the biennial  Le Mans Classic in France over the Fourth of July weekend, the company confirmed Tuesday. The iconic race is made up of different cars in different classes, based on the age of the vehicle. He placed second… Continue reading Ford CEO Jim Farley makes podium at iconic Le Mans Classic race

Ford recalls 2.9 million vehicles over a flaw in securing the gear shift in park.

Ford Motor has recalled 2.9 million vehicles because of a potential defect that could enable them to move even if the gear shift seems to be in the park position. The recalled models include 1.7 million Ford Escape sport utility vehicles from the 2013 to 2019 model years. The other models are the 2015-18 Edge… Continue reading Ford recalls 2.9 million vehicles over a flaw in securing the gear shift in park.

Goodyear Recalls Tires That Federal Government Says Had High Failure Rate

Goodyear has voluntarily recalled more than 170,000 out-of-production tires that prompted lawsuits claiming that they had caused crashes that killed or injured people, federal transportation officials said on Tuesday. The tires, which were last produced in 2003 and were sold for use on trucks and recreational vehicles, “experienced a high rate of failure on R.V.s… Continue reading Goodyear Recalls Tires That Federal Government Says Had High Failure Rate

Congressional Medal of Honor Society Welcomes Newest Members

Four Vietnam War soldiers awarded Medal of Honor MOUNT PLEASANT, S.C., July 5, 2022 /PRNewswire/ — The Congressional Medal of Honor Society welcomes former US Army Specialist Five Dwight W. Birdwell, former US Army Specialist Five Dennis M. Fujii, and retired Major John J. Duffy as the newest members of the Congressional Medal of Honor… Continue reading Congressional Medal of Honor Society Welcomes Newest Members

German Handelsblatt: Mobility service: Volkswagen completes Europcar takeover: car sharing should finally become profitable004633

VW setzt auf neue Mobilitätsdienste und Europcar Europcar am Flughafen Merignac bei Bordeaux: Mit der Übernahme des Autovermieters will Volkswagen Carsharing profitabel machen. (Foto: Reuters) Der Volkswagen-Konzern startet einen neuen Versuch, das für die gesamte Autobranche wenig rentable Carsharing-Geschäft auf eine finanziell tragfähige Basis zu stellen. Die Schlüsselrolle spielt dabei die jetzt abgeschlossene Übernahme des Autovermieters… Continue reading German Handelsblatt: Mobility service: Volkswagen completes Europcar takeover: car sharing should finally become profitable004633

Crypto’s Free Rein May Be Coming to a Close

In the UK, which is Europe’s biggest financial center,  the situation is still in flux, but stablecoins appear to be a priority too. The British government is intent on forging a new identity as a buccaneering, business-friendly actor in a post-Brexit world. In a recent speech, economic secretary to the treasury John Glen announced that… Continue reading Crypto’s Free Rein May Be Coming to a Close

ILLINOIS DEPUTY SHERIFF WINS NATIONAL “INNOVATION IN THE CLASSROOM” AWARD

Deputy Sheriff John Shallenberger of Tazewell County Sheriff’s Office honored by peers at national conference of school resource officers AURORA, Colo., July 5, 2022 /PRNewswire/ — Deputy Sheriff John Shallenberger, who serves as a school resource officer in Tazewell County, IL, has been named the recipient of the 2022 “Innovation in the Classroom Award,” given by… Continue reading ILLINOIS DEPUTY SHERIFF WINS NATIONAL “INNOVATION IN THE CLASSROOM” AWARD

Worst June for new car registrations in 26 years

The number of new cars registered in the UK last month was the lowest in June since 1996, new figures have revealed, as supply shortages hampered the automotive industry. The data, released this morning by the Society of Motor Manufacturers and Traders (SMMT), showed that 140,958 cars were registered, down 45,180 (24.3%) on June 2021.… Continue reading Worst June for new car registrations in 26 years