China Loses Monopoly Over The Rarest Of Rare Earths

Estée Lauder Accelerates Turnaround, Adds 3,000 Jobs To Chopping Block Beauty and cosmetics giant Estée Lauder is accelerating its workforce restructuring, announcing Friday morning that it will cut another 3,000 jobs, bringing total planned reductions to as many as 10,000 roles. The move is expected to unlock hundreds of millions of dollars in additional savings. Still, it also suggests a deeper reset in the company's workforce after its hiring spree leading up to  Covid, potentially putting a long-term cap on headcount. The owner of Clinique, La Mer, MAC, Aveda, Bobbi...

Heat Dome Halts German Trains After Track Sealant Liquifies Europe's heat wave is now quickly morphing from a public health crisis into an infrastructure nightmare, with power prices surging, more than 1,000 excess deaths reported across France, and extreme temperatures bringing parts of Germany's rail infrastructure to a halt. The local German outlet Leipziger Zeitung reports that after a week of sweltering temperatures above 30°C, with readings climbing toward 40°C on Saturday, critical transport infrastructure in Leipzig failed under the heat. The city, located in the eastern German state of Saxony,...