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Ford Bets Big on a New $30,000 Electric Pickup Truck

Key Points: Ford is developing a $30,000 midsize electric pickup truck to boost EV sales. A special engineering team created a new platform that slashes production costs. The new design uses 20% fewer parts and cuts factory workstations by 40%. Engineers from Formula One helped improve aerodynamic efficiency by over 15%. Ford learned hard lessons from its first wave of electric vehicles. Early models like...

Climate Change Fueled Deadly Valencia Floods, New Study Confirms

Key Points: Human-driven warming made the 2024 Valencia floods significantly worse. Rainfall intensity increased by 21% compared to pre-industrial levels. The storm covered an area 55% larger due to climate change. Warmer Mediterranean waters pumped excess moisture into the atmosphere. A new scientific study has confirmed that human-driven climate change played a massive role in Spain's deadliest natural disaster in a generation. The research, published...

ECB Official Warns Cheap Chinese Imports Threaten Euro Zone Inflation

Key Points: Euro zone inflation risks swing heavily in both directions. Cheap Chinese imports force local businesses to lower prices. January inflation fell to 1.7%, missing the 2% target. Geopolitical tensions in energy markets might cause price spikes. A top European Central Bank official says the euro zone faces serious inflation risks. Fabio Panetta, who leads Italy's central bank, warned on Saturday that prices could...