
Egypt Seeks Fuel Supplies as Mideast Crisis Cuts Israel Gas Flow
The government is preparing to issue a tender this month to import up to 1 million tons of fuel oil, with delivery planned for August, according to people with direct knowledge of the matter. That would add to a recent tender for fuel oil and help meet requirements for power generation just as the conflict between Israel and Iran puts gas supply at risk, they said.

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Yahoo
4 hours ago
- Yahoo
Why does the White House want to redesign gas cans? Explaining the situation
The White House says it wants to 'Make Gas Cans Great Again.' Under a plan announced July 24 by President Donald Trump's Environmental Protection Agency, the federal government is encouraging manufacturers to add vents to portable fuel containers, also known as gas cans. It would effectively reverse a 2009-rule by federal environmental officials at the time that required portable gas cans - used for lawnmowers, chainsaws, ATVS and stranded vehicles - to have special vents that stop the vapors from escaping. Proponents of that rule - which was finalized in 2007 - said the vapors that escape contributed to ozone pollution. But the 2009 rule created an online market for pre-ban gas cans among buyers dissatisfied with the new cans. Why does Trump want to redesign gas cans? 'Gas cans used to pour gas,' Trump's head of the EPA, Lee Zeldin, said on X, formerly Twitter. 'Now they just dribble like a child's sippy cup.' But many modern designs are often infuriatingly ineffective at actually filling tanks because the vents work so poorly, critics argue. Instead of stopping vapors from flowing out the complicated spouts and relief valves, the new designs often cause gasoline spills, which some critics say are far worse than a tiny amount of vapor escaping from an older design. Some rules for gas cans will still remain in place Other rules for gas cans have to remain in place under federal law, like making sure they're child-resistant and limiting the risk of flash fires. What happens next for gas cans? The EPA's announcement is non-binding for manufacturers and doesn't prohibit the vents. Rather, the EPA is asking manufacturers to redesign the gas cans to have vents 'to facilitate fast and smooth fuel flow.' This article contains material from USA TODAY Daniel Munoz covers business, consumer affairs, labor and the economy for and The Record. Email: munozd@ Twitter:@danielmunoz100 and Facebook This article originally appeared on Gas can redesign considered by Trump White House. Here's why
Yahoo
4 hours ago
- Yahoo
SOUEAST Unveils New Chapter in Egypt, Strengthening African Market Presence
CAIRO, July 26, 2025 (GLOBE NEWSWIRE) -- SOUEAST launched four new models in Egypt, marking a significant expansion in the African market. The event, themed "Ease Your Life", was held at Cairo's iconic landmark – Alamain Boulevard North Square, showcasing the brand's commitment to elevating users' automotive consumption experience with innovative concepts. (Image 1: SOUEAST Launched in Egypt) SOUEAST: Reborn in 2024, expanding globally with urban-focused vehicles. With a presence in over 30 countries and regions, the automaker has established more than 144 sales and service networks worldwide. SOUEAST targets the urban premium market with its "6+2+1" product matrix: 6 urban SUVs; 2 urban sedans; 1 lifestyle pickup truck. Covering segments from B to D-class, the lineup includes both fuel and hybrid powertrains, with pure electric models planned for the future. This diversified portfolio ensures tailored solutions for diverse markets and customer needs. The launch featured four new models: The flagship smart luxury SUV S09, urban intelligent C-segment SUV S07, urban stylish C-segment SUV S06 and compact urban SUV S05, covering almost all segments of the SUV market. These vehicles are designed to meet the diverse needs of drivers, offering a blend of style, comfort, and advanced technology. The S09, with its luxurious features and robust performance, is tailored for those seeking a premium driving experience. The S07 and S06, on the other hand, cater to the urban youth with their intelligent features and stylish designs. The S05, with its compact and agile body, is ideal for city commuters, providing versatile mobility for both urban roads and narrow alleys. At the launch event, Andy Yuan, Assistant President of SOUEAST International, stated: "SOUEAST's vision is enabling more youth around the world to have an EASE urban mobility experience." He further emphasized SOUEAST Motor's strong confidence in the Egyptian market. According to the plan, SOUEAST and its partner will engage in comprehensive collaboration across market operations, customer service, branding, and channel development to deliver an integrated user experience. By 2025, SOUEAST aims to establish 15 sales outlets and 5 after-sales service centers in Egypt. Additionally, two new CKD models will be introduced between 2026 and 2027. SOUEAST has recently entered North African markets, including Morocco and Libya. Its latest launch in Egypt marks a major breakthrough in the brand's strategic expansion across Africa. With this continued market growth, SOUEAST is poised to open a new chapter in its global development. A photo accompanying this announcement is available at CONTACT: Contact Person: Frida Fu Email:


Forbes
4 hours ago
- Forbes
What Ancient Farmers Can Teach The Modern Boardroom About AI Strategy
Ancient Farmer and Modern Day AI User Every day in 2025 brings a new AI milestone. From generative tools rewriting code to AI copilots augmenting medical diagnoses, it's easy to feel we've entered unprecedented terrain. But we've been here before. Just ask our ancient ancestors—who faced the first great disruption when they transitioned from hunting and gathering to agriculture. That shift didn't just change how we ate. It transformed how we lived, worked, governed, and grew. The parallels to today's AI revolution are striking—and instructive. If history is any guide, organizations that manage technological transitions through thoughtful governance, strategic investment in people, and adaptive policies will not only survive but thrive. From Stone Tools to Silicon Chips: How Societies Adapt to Disruption Roughly 12,000 years ago, human communities in the Fertile Crescent began cultivating crops and domesticating animals. Archaeological sites like Abu Hureyra in modern-day Syria reveal this wasn't a sudden break from the past but a gradual, iterative process of learning, testing, and integrating new tools into existing ways of life. This evolutionary—not revolutionary—mindset offers a key lesson: Transformation doesn't mean total disruption. It means layering innovation onto what works and building systems that scale over time. The AI transition requires a similar approach: pilot programs, feedback loops, reskilling, and workforce support must evolve hand-in-hand with technological integration. Strategy: AI Integration Requires Incremental Adaptation Just as early agricultural societies developed irrigation systems and record-keeping via clay tablets, modern organizations are building the infrastructure to support AI-enabled workflows. But success hinges not on speed, but on sequencing. McKinsey reports that although generative AI could add up to $4.4 trillion in global productivity annually, only 21% of companies have adopted AI in more than one business function as of 2023. This isn't a failure—it's a sign that organizations are proceeding thoughtfully. Boards and CFOs should be tracking AI ROI, not only in terms of cost savings but in how it reshapes value creation. That means budgeting for phased implementation and workforce transformation simultaneously. Policy: Redesigning Governance for Human-AI Collaboration Early civilizations didn't just invent tools—they also wrote laws. The Code of Hammurabi, dating to 1750 BCE, is one of the first known legal frameworks for managing agricultural property, labor, and dispute resolution. Today's version? AI ethics policies, data governance protocols, and algorithmic accountability. Regulators are already acting. The EU's AI Act, passed in 2024, imposes risk-based requirements for transparency, bias mitigation, and human oversight. Meanwhile, the European Sustainability Reporting Standards (ESRS) specifically S1 and S2, under the guidance of EFRAG, now require companies to report on the impact of AI on workforce strategy and human capital governance. Boards must go beyond compliance. They must ask: The fiduciary risks are real. A poorly governed algorithm can expose companies to legal liability, reputational damage, and talent loss. Treat AI governance as a board-level issue, not just a technical one. Programs: Cultivating Workforce Resilience and Knowledge Transfer Farming didn't eliminate the need for hunting. Early societies maintained both capabilities as insurance against failure. Similarly, organizations shouldn't rush to fully automate without investing in human capital. This means reskilling must become the norm. According to PwC study on workforce hopes and fears, 40% of workers will need up to six months of training to remain relevant in the AI economy. High-performing companies are already taking the lead. AT&T's collaboration with Udacity to create nano-degree programs reduced reskilling time by 35% and boosted internal mobility. Boards and CHROs should champion programs that: If early societies could preserve astronomy, crop rotation, and animal husbandry without Google, we can certainly codify AI literacy and strategic workforce knowledge today. Measuring What Matters: Human Capital as a Source of Value The agricultural revolution spurred population growth, urbanization, and eventually, modern economies. Today's AI revolution will reshape how we measure value—especially in intangible assets like skills, collaboration, and creativity. Research by Alex Edmans shows that companies investing in employee well-being significantly outperform their peers in long-term shareholder returns. This is why ISO 30414 and SEC human capital disclosure expectations are gaining traction. Human Capital ROI (HCROI) should be tracked with the same rigor as Return on Equity or Investment. Boards should demand metrics that show not just AI adoption but how it enhances organizational resilience and workforce productivity. Final Thought: Change Is Inevitable. Human Judgment Is Indispensable. AI may feel new, but the pattern is ancient. Transformation is never just about tools—it's about how we govern change, support people, and sustain growth. The societies that thrived in the wake of agriculture weren't the most technologically advanced. They were the ones that integrated new tools into stable, human-centered systems. As we stand at the threshold of another era, it's time to remember what worked the first time: governance, adaptation, and investment in human capability. Let's not forget—we've been here before. Postscript: With appreciation to Stela Lupushor, whose co-authored blog post with me on this topic served as inspiration for this column.