Teamsters California has filed a lawsuit against the California Department of Motor Vehicles (DMV) to block new regulations permitting the testing and deployment of heavy-duty autonomous trucks on state roads. The union filed the 34-page lawsuit in Alameda County Superior…
Boeing has agreed to sell its Wisk, SkyGrid, and Insitu units, which specialize in flying taxis and drones, to Archer Aviation. As part of the deal, Boeing will take an almost 20% stake in Archer and enter into a technology-sharing…
Global oil markets are getting a lifeline from covert ship-to-ship transfers off the coast of Oman, where satellite data shows 12 cargo switches occurred on August 10 alone. These transfers are keeping millions of barrels flowing despite recent attacks on…
General Motors has agreed to sell its 49.99% stake in a planned $3.5 billion electric-vehicle battery joint venture in Indiana to Samsung SDI, the South Korean battery giant announced on August 11, 2026. Samsung SDI will acquire the stake and…
President Donald Trump has extended a 90-day Jones Act waiver, allowing foreign-flagged vessels to transport select energy commodities between U.S. ports, but with stricter conditions. The waiver, finalized on August 10, 2026, now requires case-by-case reviews for individual voyages, a…
Global oil prices climbed for a second straight day on Tuesday, extending Monday’s 5% surge as geopolitical tensions over the Strait of Hormuz kept markets on edge. Brent crude oil, the international benchmark, rose 2.4% to $89.80 per barrel, while…
Sumitomo Rubber Industries (SRI) has posted a 40.6% year-on-year surge in second-quarter business profit to Yen39.8 billion, defying what it describes as a sluggish global market. The group’s sales rose 8.3% to Yen620 billion for the quarter ended 30 June,…
Yokohama Rubber Co. (YRC) has sharply upgraded its full-year 2026 earnings guidance following a record first half, citing a 54.3% surge in business profit and 10.4% sales growth. The Japanese conglomerate now expects group sales of Yen1,320 billion (€7.2 billion),…
Orion Engineered Carbons has posted a 61% year-on-year plunge in adjusted earnings (EBITDA) for its rubber carbon black division during Q2 2026, despite a 3% increase in net sales to $316 million (€274 million). The company reported adjusted earnings of…
The Association of Natural Rubber Producing Countries (ANRPC) expects weather disruptions and a rebound in butadiene prices to support natural rubber (NR) prices. According to ANRPC’s monthly NR report, El Nino-related weather disruption is disrupting rainfall in major producing countries,…