Salim Said was sentenced to 30 years for orchestrating a $44 million fraud scheme in Minnesota's federal food program, falsely claiming millions of meals were served to children during the pandemic.
Mondelēz sued British vegan brand Catherine’s Originals for trademark infringement over the O’bar’s shape resembling Toblerone. The small business defends its design, while Mondelēz asserts its responsibility to protect the iconic trademark established in 1929.
SCGC and PTTGC agreed to merge their olefin and polyolefin assets in Thailand into a joint venture targeting closure in H2 2027, projecting annual synergies of up to 6.8 billion Thai baht through supply chain optimization.
Stepan Company reported a 64% year-over-year increase in Q3 net income to $17.8 million, driven by higher selling prices and efficiency savings from Project Catalyst across its surfactant, polymer, and specialty segments.
Stora Enso and Shanshan Technology announced a partnership to develop lignin-based hard carbon anode materials for sodium-ion batteries. A demonstration line will be built in Ningbo to accelerate technical development and commercialization.
Asia’s propylene market balance is projected to tighten by 2027 as downstream demand outpaces capacity growth. Feedstock supply disruptions and price volatility create uncertainty during 2027 term contract negotiations.
The UK Office for Budget Responsibility downgraded growth forecasts citing soaring energy prices from Middle East conflicts, prompting Chancellor Healey's budget to include energy support measures amidst high inflation concerns.
GSK shares tumbled after third-quarter results showed vaccine sales dipping despite overall revenue growth, sparking investor concern over patent expiries. CEO Luke Miels outlined cost-saving measures and acquisitions while reaffirming long-term revenue targets.
Equinor announced recoverable gas volumes in the North Sea's Afrodite well are over twice previous estimates, totaling 77-180 million barrels of oil equivalent. The operator plans to explore subsea development tied to the Kvitebjorn platform.
AB InBev met Q3 profit forecasts despite rising costs from energy, diesel, and aluminium due to global conflicts. Operating margins contracted as commodity and distribution expenses offset revenue growth.
EU Climate Chief Wopke Hoekstra declares new climate finance pledges at COP31 stalled, emphasizing emissions cuts over funding amidst tensions over the EU's carbon border levy affecting global trade partners.
Syensqo SA has ended production of the last fluorosurfactant, C604, at its Italian site ahead of its 2026 commitment. The company cites new non-fluorosurfactant polymerization technologies that maintain performance while reducing environmental impact across most product lines.
Norwegian oil firm Aker BP reported a 50% rise in Q3 profit driven by higher North Sea prices, while its major Yggdrasil and Valhall-Fenris projects remain on schedule for production next summer.
The ECB plans to keep borrowing costs steady while monitoring French bond market turmoil and rising energy costs linked to Middle East supply disruptions, with a rate hike anticipated in December.
Chinese copper import premiums hit record highs amid supply scarcity and tariff-driven demand shifts, with inventories thinning and production cuts threatening global supply chains.
Eurelectric Secretary General Kristian Ruby argues electrification via renewables and nuclear can secure Europe's energy supply and lower long-term costs. Yet, he notes current high electricity prices compared to the US and China remain a hurdle for industrial competitiveness.
BPCL announced plans to create a subsidiary for a 1 trillion rupee greenfield refinery and petrochemical complex in Andhra Pradesh. The project features a 10 million mt/y refinery and a 1.5 million mt/y ethylene steam cracker.
Gold prices fell 0.7% as investors assessed Federal Reserve signals and awaited US inflation data, while China's gold imports rose 28%. The World Bank forecasts global commodity prices to surge 23% in 2026 due to energy costs and shipping disruptions.
BASF raised its full-year EBITDA forecast to €7.4–7.8 billion following strong core performance, with Q3 sales surging 14.2% due to higher prices. The company confirmed ongoing restructuring and described its proposed acquisition of Evonik as serious.
RBC Capital Markets warns renewed US strikes on Iran remain possible despite diplomacy, risking global oil market stability. Brent crude has rallied over 10% this month amid fears of regional escalation ahead of US midterms.
ChemBrief