Business and Economy

Business and Economy Latest News

US to begin refilling oil reserve after huge Biden release
US to begin refilling oil reserve after huge Biden release
by  AFP

The US Energy Department announced Friday a plan to add oil back to the Strategic Petroleum Reserve (SPR) after a historically large release undertaken by the Biden administration. A Biden official said in October that the administration planned to purchase oil to refill the reserve as soon as prices hit around $67-72 a barrel.

US probing GM's autonomous driving unit after incidents
US probing GM's autonomous driving unit after incidents
by  AFP

US authorities opened a preliminary investigation into General Motors' Cruise autonomous driving program following sudden stop incidents, according to a notice seen Friday by AFP. The National Highway Traffic Safety Administration is reviewing two types of incidents that result in Cruise vehicles "becoming unexpected roadway obstacles," said the notice.

Energy

Money

Industry

Technology

Economy