The Society of Motor Manufacturers and Traders said Thursday that U.K. manufacturers built just 53,438 vehicles in July, marking a 37.6% drop on July 2020. A global semiconductor shortage, factory shutdowns and worker absences amid the ongoing coronavirus pandemic all contributed to the decline, SMMT said. Mike Hawes, SMMT Chief […]

After a strong run off the 2020 lows, the spot price for oil has backed up pretty dramatically. In fact, after hitting a 2021 high in July of $75.26 a barrel for West Texas Intermediate (WTI), the spot price fell all the way back to $62.14 on August 20, a […]

The Federal Reserve Bank of Philadelphia released a report on Thursday showing an unexpected slowdown in the pace of growth in regional manufacturing activity. The Philly Fed said its diffusion index for current activity slipped to 19.4 in August from 21.9 in July. A positive reading still indicates growth, but […]

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According to DGCA’s draft proposal, any violation will invite three years of suspension to permanent cancellation of licence. The Directorate General of Civil Aviation (DGCA) has released a draft procedure that calls for testing pilots, other aviation personnel and crew members for psychoactive substances before they take to the skies. […]

Italian Americans are forever battling mafia stereotypes. New Zealanders are sick and tired of Tolkien tourists. Italian cops are chasing people out of Rome's Trevi Fountain. Blockbuster hits like "The Godfather" and "The Lord of the Rings" can bring a massive tourism influx to the places where they're filmed. But […]

Nitin Arora, the lead engineer of aerospace company Blue Origin, has jumped ship and joined rivals, SpaceX. Blue origin is currently suing NASA for offering the moon lander contract to Elon Musk’s SpaceX in the federal court. An Indian-American engineer, Arora, posted on his LinkedIn profile on August 16, “Friday […]

The U.S. Census Bureau recognizes 384 metropolitan areas, based on its population cutoff. Among the reasons the data on metropolitan areas is useful is that 86% of the American population live in these cities. In aggregate, the population of U.S. metro areas grew by 9% between 2010 and 2020. Not […]

Compared to the rest of the nation, Florida’s housing market is relatively affordable. The Federal Reserve Bank of St. Louis pegs the median home sale price in the U.S. at $375,900. In Florida, the figure drops to $297,390. But as they say in real estate, it’s all about location, location, […]