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Facility fire at Interco battery recycling plant in Madison, Illinois, triggers shelter-in-place order for local residents; more than 200 firefighters from eight separate departments in St. Louis Metro Area are battling fire, one injured worker reported

7-Eleven operator Philippine Seven Corp. looks to open up to 300 new stores in the Philippines as pandemic lockdowns ease; company says sales improve as mobility improves, allowing for expansion

Global air freight market volume falls 8% year-over-year in April, due to Ukraine war, China's lockdown, inflation and labor shortages at airports and in manufacturing; airfreight rates rise 145% compared to April 2019, due to ground transport bottlenecks

Tesla reports Q2 GAAP net profit up at US$2.3B from US$1.1B a year ago, total revenues up at US$16.9B from US$11.9B a year ago; in Q2 Tesla made over 258,000 EVs, delivered over 254,000 units despite supply chain disruptions, factory shutdowns

Goldman Sachs cuts China's 2022 growth forecast to 3.3% after 0.4% growth in Q2, suggesting lockdowns took bigger-than-expected toll on economy; zero-Covid strategy means China won't make a big contribution to global demand in 2022, says Plenum economist

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