Oil prices have fallen, with Brent crude dropping $1.59 to $75.21 a barrel and US crude falling $1.67 to $71.54 a barrel, as President Donald Trump threatens to investigate oil companies for price gouging. The decline in oil prices is…
Texas has revoked 6,407 non-domiciled commercial driver’s licenses (CDLs) issued to foreign truckers after Federal Motor Carrier Safety Administration (FMCSA) auditors uncovered systemic licensing violations. The state’s Department of Public Safety (DPS) confirmed drivers received downgrade notices, allowing them to…
The MICHELIN Guide Germany 2026 has announced its new selection of restaurants, with L.A. Jordan in Deidesheim, Rhineland-Palatinate, joining the top tier of 3-star restaurants. The guide features a total of 339 starred restaurants, including 12 three-star restaurants, 48 two-star…
Federal authorities have charged three men with armed robbery and conspiracy after allegedly hijacking a truck carrying $1.2 million worth of Apple devices outside a Long Island mall in January. The suspects—Alan Christopher Cedeno-Ferrer, 27; Michael Mejia-Nunez, 29; and Ennait…
Chemicals giant Dow has unveiled plans to pump $100 million into expanding its global specialty silicones manufacturing and innovation footprint across the US, China, and Japan by the end of 2027. The investment targets increased production capacity for liquid silicone…
Researchers at Qingdao University of Science and Technology (QUST) have developed a supercritical foaming technology for polymers and elastomers that experts have rated as reaching “an internationally leading level.” The breakthrough, announced on 1 June, stems from a project titled…
Germany’s rubber manufacturing sector faces extinction by 2035 unless policymakers slash energy costs and slash red tape, the country’s leading industry body has warned. In a stark assessment delivered on 22 June, Boris Engelhardt, managing director of the German Rubber…
Goodyear will shut down its tire manufacturing plant in Izmit, Turkey, for a month-long production suspension starting July 2 and resuming August 3. The move is framed as part of the company’s “annual temporary production suspension” for inventory adjustment, according…
Natural rubber futures have recovered from a dip in early June, with prices closing higher across all major Far East exchanges during the week ended 19 June. The rally was supported by gains in global equity markets, a weaker Japanese…
FedEx Corp. posted adjusted fourth-quarter earnings of $6.31 per share on June 23, 2026, beating Wall Street’s forecast of $5.97 per share. Despite the profit beat, the company’s shares fell 5.4% after its profit margin of 8.4% missed expectations. FedEx…