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'Our heating oil's doubled in price in two weeks'

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'Our heating oil's doubled in price in two weeks'

Lawrence Salvoni worries not only about the price he has to pay, but the security of his supply.

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Powering the Future of Mobile Vacuum and Compressor Technology

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RHEINFELDEN, GERMANY – In the world of specialized transport and utility vehicles, the components hidden beneath the chassis are the difference between a seamless operation and a costly breakdown. From its headquarters in Rheinfelden, CVS engineering GmbH has established itself as the engineering heartbeat of the mobile industry, providing the “lungs” for everything from city trains and buses to heavy-duty vacuum trucks and silo trucks.

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Stationary bulk unloading with the CVS SKL-E Pack

With a portfolio that bridges the gap between high-performance vacuum systems and precision compressor technology, CVS engineering is redefining what it means to move materials. Whether they are liquid, solid, or even living.

A multidimensional portfolio for global industries

CVS engineering doesn’t just manufacture parts; they provide the mechanical backbone for several critical sectors. Their complete product range addresses the specific stresses of mobile applications:

  • Dry Bulk Handling: The SKL series of oil-free screw compressors (SKL 700, 1100, 1200, 1500) sets the standard for unloading silo vehicles. These systems ensure that bulk goods like cement, grain, or plastic pellets are moved rapidly and crucially without oil contamination.
  • Sewage & Liquid Waste: The VacuStar series (including rotary vane and liquid ring pumps) is built for the “dirty work.” These pumps are essential for sewer cleaning, sludge extraction, and the transport of hazardous liquid waste.
  • Urban Transportation: CVS provides specialized rotary vane compressors for the rail and bus sectors, ensuring reliable pneumatic power for braking and suspension systems in public transit.
  • Aquaculture: Precision-engineered vacuum pumps are also tailored for fish handling, allowing for the gentle and efficient transport of live fish in commercial fishing and farming.
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The CVS liquid ring VacuStar WR series

Innovation driven by durability

What sets CVS engineering apart is a relentless focus on longevity in “harsh and heavy” conditions. “Our technologies ensure maximum suction capacity and durability in extreme environments,” explains Fabio Geiger, Area Sales and Marketing Manager at CVS engineering.

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To combat the high-heat and corrosive nature of industrial cleaning, CVS offers optional plasma nitriding and ceramic coatings on its VacuStar series. Furthermore, their innovative cell aeration systems allow for continuous operation at high vacuum without the risk of overheating—a common failure point in inferior systems.

The shift toward sustainable operations

As global regulations tighten around noise and emissions, CVS is leading the transition with “Dry Bulk” solutions that prioritize efficiency. This includes the SKL-E Pack, a stationary solution that allows for the unloading of dry bulk without requiring the truck’s main engine to idle.

“Particularly against the backdrop of urbanization and increasing environmental regulations driven by decarbonization and noise protection, there is a growing need for low-emission transport solutions,” emphasizes Geiger.

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A partner for OEMs and Fleet Owners

By focusing on low weight, wide speed ranges, and outstanding performance, CVS components help manufacturers (OEMs) and haulage firms reduce their overall lifecycle costs. Beyond the core units, CVS also delivers the right accessories including innovative cell aeration systems, filters, and valves as well as drive components like hydraulic adaptors, all designed to integrate seamlessly into modern vehicle architectures.

Whether it’s maintaining urban infrastructure, supporting the food supply chain, or powering public transit, CVS engineering GmbH continues to prove that when the world needs to move, their technology provides the pressure, vacuum and the power to get it done.

Contact:

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Fabio Geiger

Area Sales & Marketing Manager

CVS engineering GmbH

Mobile: +4915167973982

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E-mail: fabio.geiger@cvs-eng.de

Visit us at: www.cvs-eng.com

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NIFTY plunges over 3% on HDFC Bank chairman exit, crude surge

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NIFTY plunges over 3% on HDFC Bank chairman exit, crude surge

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Austin optimistic about South American improvement

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Austin optimistic about South American improvement

Austin Engineering’s efforts to further improve its South American operations have received a boost, following a key development.

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Brent crude spikes above $116/bbl after attacks on Mideast energy assets multiply

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Brent crude spikes above $116/bbl after attacks on Mideast energy assets multiply
Oil prices jumped on Thursday, with benchmark Brent rising to its highest in more than a week to more than $116 a barrel, after Iran attacked energy facilities across the Middle East following Israel’s strike on its South Pars gas field, a major escalation in the war.

Brent futures were up $6.08, or 5.7%, at $113.46 ‌a barrel by 0814 ⁠GMT, after ⁠climbing almost $8 to the highest since March 9 to a session high of $115.10.

U.S. West Texas Intermediate crude rose 57 cents, or 0.6%, to $96.89 a barrel, after earlier gaining almost $4 to trade at $100.02.

WTI has been trading at its widest discount to Brent in 11 years due to releases from U.S. strategic reserves and higher freight costs, while renewed attacks on Middle Eastern energy facilities boosted support for Brent.

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“Escalation in the Middle East, precise attacks on oil infrastructure, and the death of Iranian leadership all point to a prolonged disruption in oil supplies,” Phillip Nova analyst Priyanka Sachdeva said ⁠in a ‌note.


“Adding fuel to the fire, the Federal Reserve served ‘steady rates’ with a hawkish narrative, pointing to the economic concerns that follow a war.”

U.S. FED HOLDS STEADY

The U.S. central bank held interest rates ⁠steady on Wednesday, projecting higher inflation as policymakers take stock of the impact of the U.S.-Israel war with Iran. On Wednesday, QatarEnergy said Iranian missile attacks on Ras Laffan, the site of Qatar’s core LNG processing operations, caused “extensive damage” to its energy hub. Saudi Arabia said it intercepted and destroyed four ballistic missiles launched on Wednesday toward Riyadh and an attempted drone attack on a gas facility. Saudi Aramco‘s SAMREF refinery in the Red Sea port of Yanbu was also targeted in an aerial attack on Thursday. Kuwait Petroleum Corporation said an operational unit at its Mina al-Ahmadi refinery was hit by a drone, igniting ‌a limited fire.
Iran issued evacuation warnings before its attacks for several oil facilities across Saudi Arabia, the UAE and Qatar, as it prepared to retaliate for strikes on its own energy infrastructure in South Pars and Asaluyeh.

South Pars is the Iranian ⁠sector of the world’s largest natural gas deposit, which Iran shares with U.S. ally Qatar on the other side of the Gulf. Israel carried out the South Pars gas field attack, but the United States and Qatar were not involved, President Donald Trump said late on Wednesday.

He added that Israel would not further attack Iranian facilities in South Pars unless Iran attacked Qatar, and warned that the United States would respond if Iran acted against Doha. Earlier, Reuters reported that Trump’s administration is considering deploying thousands of U.S. troops to reinforce its operation in the Middle East, in preparation for the next steps of its campaign against Iran.

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Unilever-Kraft Heinz Deal Talks End; Could Have Created Multi-Billion-Dollar Food Entity

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Struggling Kraft Heinz Plans Shake-Up, Could Spin Off Iconic Brands

Talks between Unilever and Kraft Heinz over a possible merger of parts of their food businesses have ended, according to a report by the Financial Times.

The discussions had explored combining Unilever’s food division with Kraft Heinz’s condiments unit, a move that could have created a massive new company worth tens of billions of dollars.

The proposed deal would have brought well-known brands like Hellmann’s mayonnaise and Heinz ketchup under one roof.

However, people familiar with the matter said the companies have now stopped negotiations as both face weaker demand for packaged foods due to ongoing economic uncertainty.

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Neither company gave a public comment when asked about the talks.

The end of the discussions comes at a time when both firms are rethinking their strategies. Unilever is now considering a broader separation of its food business, according to a separate report by Bloomberg News.

According to Reuters, investors appeared uneasy about this possibility, as Unilever’s shares dropped 3.5% on Wednesday.

Some worry the company could become “distracted” if it moves forward with a major spin-off.

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Kraft Heinz Drops Breakup Plan

On the other side, Kraft Heinz has already changed its plans. In February, the company decided to stop efforts to split itself into separate parts.

CEO Steve Cahillane said this decision was necessary because of worsening conditions in the food industry.

Instead of breaking up the business, Kraft Heinz is focusing on a $600 million turnaround plan aimed at improving performance.

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The company has faced challenges for years, especially after its earlier merger backed by investor Warren Buffett and private equity firm 3G Capital.

Its shares also slipped nearly 4% in extended trading, showing continued concern from investors, US News reported.

Before halting its breakup plan, Kraft Heinz had been looking at separating its slower-growing grocery brands—such as Oscar Mayer and Lunchables—from its faster-growing sauces and spreads division, which includes Heinz ketchup and Philadelphia cream cheese.

The talks with Unilever happened before this strategy shift.

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Originally published on vcpost.com

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Crucial Retirement-Account Law Loses in Court Once More

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Alphabet Is Selling 100-Year Debt as Part of a Big Bond Sale

The law initially took effect nearly a decade ago to protect the billions of dollars that Americans move annually from their 401(k)s into IRAs by requiring advisers to act in the best interest of their clients. For people with retirement accounts, the stakes are high. Americans moved $841 billion from 401(k)s to IRAs in 2024, up from $612 billion in 2020, according to consulting firm Cerulli Associates. Read more:

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Publix Is the Class of Grocery Industry. Its Strong Results Show Why as It Moves North.

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Publix Is the Class of Grocery Industry. Its Strong Results Show Why as It Moves North.

Publix Is the Class of Grocery Industry. Its Strong Results Show Why as It Moves North.

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Major Attacks on Qatar’s LNG Facilities Spark Global Energy Market Surge

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How The Middle East Crisis Ripples Across Thailand

Qatar’s Ras Laffan Industrial City, home to the world’s largest LNG export plant, suffered extensive damage from Iranian missile strikes, triggering sharp rises in global oil and gas prices and escalating regional tensions.

Key Points

  • Multiple Iranian missiles hit Ras Laffan, damaging LNG facilities and Shell’s gas-to-liquids plant; fires erupted and production remains halted.
  • Abu Dhabi’s Habshan gas facilities were also affected by falling debris, while Saudi Arabia intercepted drone and missile attacks targeting its energy infrastructure.
  • The U.S. warned of retaliation if attacks continue, and Qatar expelled Iranian diplomatic staff within 24 hours, calling the strikes a “dangerous escalation.”
  • Brent crude surged up to 5.5%, and analysts warn of prolonged supply disruptions, with no strategic LNG reserves to cushion the market.
  • The attacks follow Israel’s strike on Iran’s South Pars gas field and Tehran’s threat to target Gulf energy sites, further destabilizing global energy security.

The damage to critical LNG infrastructure threatens global energy supply chains, particularly for Asia and Europe, and could keep prices elevated well into mid-2026.

Why It Matters for Thailand

Geopolitical Risk: The Gulf crisis underscores how Thailand’s energy security is tied to Middle Eastern stability, making hedging strategies essential.

  • Energy Security: Thailand imports significant volumes of LNG from Qatar. Damage to Ras Laffan means tighter supply and higher costs for Thai utilities and industries.
  • Price Shock: Brent crude already spiked 5.5%. LNG has no strategic reserves, so Asian buyers like Thailand face immediate exposure to price volatility.
  • Economic Impact: Rising energy costs will ripple into manufacturing, transport, and household electricity bills, adding inflationary pressure.
  • Regional Competition: Japan, South Korea, and China will also scramble for replacement cargoes, intensifying competition in Asia’s LNG market.

Thailand may need to accelerate diversification—more pipeline gas from Myanmar, renewables, or long-term contracts with other suppliers. This strategy could help Thailand reduce its reliance on spot markets and shield the economy from volatile energy prices. Additionally, investing in energy storage solutions and improving energy efficiency across industries could further strengthen the country’s energy security.

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Tim Picton’s alleged attacker remains on bail, despite RBT reading

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Tim Picton’s alleged attacker remains on bail, despite RBT reading

The 20-year-old man accused of hitting former Labor strategist Tim Picton will remain on bail, despite the prosecution claiming he enacted a “clear breach” of one condition.

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Teesside pawnbroker Ramsdens raises profit guidance for a second time amid record golf prices

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The company first expected pre-tax profit to top £18m but that figure could now be £10m higher

Ramsdens CEO Peter Kenyon

Ramsdens CEO Peter Kenyon(Image: Unknown)

Soaring gold prices led North East pawnbroker Ramsdens to hike up profit estimates for a second time, saying it could deliver a boost of £10m more than initially expected. The pawnbroking, jewellery and travel money chain, which started in one shop in Middlesbrough, last month revised pre-tax profit expectations, telling shareholders how record high gold prices in 2026 were boosting its purchasing of precious metals business.

In February it said it expected pre-tax profits for the year to top £21m, up from the £18.6m previously expected. Now, the financial services group says the very high gold price means it now expects pre-tax profits to top at least £24m – and that “if the favourable gold price and trading conditions continue”, potentially up to £28m.

In an upbeat trading update, the group said it has continued to perform well across its core income streams and that the average gold price for the year to date is around 50% higher than last year. The higher gold price is also contributing to an increased weight of gold purchased, which is also approximately 50% higher year on year.

Jewellery retail revenue is around 25% ahead year on year, and pawnbroking lending was at record levels in February 2026, with positive momentum continuing this month.

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Its loan book is now approximately £13.5m, an increase of 18% on the September year-end position of £11.4m and total currency exchanged in the first five months of its 2026 was in line with the comparable period in 2025, with foreign currency commissions approximately 5% lower year on year reflecting the continued migration towards online and currency card sales, which are lower margin.

On the conflict in Iran, it said: “Whilst the current situation in the Middle East may have an impact for international travel, our primary foreign currency activity is selling Euros to customers holidaying in Europe which currently appears to be stable.”

Meanwhile, its said new stores in Wakefield, Hull and Sheerness have traded well since opening and that it remains on track to open between eight and 12 new stores this financial year. It currently has three stores in shop fit and a further three stores expected to be in shop fit within the next few weeks.

Chief executive Peter Kenyon said: “Ramsdens continues to perform well across its diversified business model reflecting the strength of our trusted brand, value for money proposition and outstanding team.

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“In addition to underlying progress across the business, we continue to benefit from the high gold price, which is significantly boosting both customer demand and profits within our purchase of precious metals segment. As a result, we are once again trading ahead of market expectations and currently anticipate profit before tax for FY26 to be in a range of £24m to £28m.”

Interim results will be announced in early June.

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