In a major move, EU antitrust regulators conducted surprise raids on tyre industry leaders Pirelli, Continental, Michelin, and Nokian, triggering a notable decline in their shares. The European Commission, responsible for imposing competition rules in the EU, revealed the investigation without disclosing specifics in line with its usual protocol. Pirelli, maintaining its innocence, assured full…

In a concerning escalation, constant attacks by Houthi militants in the Red Sea are initiating unprecedented disruptions to global trade, rivaling the challenges faced during the pandemic. Industry experts, including Maersk's CEO, Vincent Clerc, and Amin Nasser, CEO of Aramco, have expressed fears of a prolonged effect on global shipping. The crisis has forced major…

Continental Tire's Strategic Adjustment in Response to Increasing Costs In a proactive move, Continental Tire of Germany has made a notice on January 5, 2024, announcing an upcoming tire price adjustment. Quoting the persistent high costs of raw materials, logistics, freight, and energy, the company predicts challenges in short-term improvements. The product purchase rates are…