Business Highlights: Rising oil prices, the robust US job market

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Business Highlights: A summary of the day’s top stories in the business world.

Why the US job market has defied rising interest rates and expectations of high unemployment

COPENHAGEN, Denmark — Denmark’s Lego says it remains committed to its quest to find sustainable materials to reduce carbon emissions, even after an experiment by the world’s largest toymaker to use recycled bottles did not work. Lego said on Monday that it has “decided not to progress” with making its trademark colorful bricks from recycled plastic bottles made of polyethylene terephthalate, known as PET, after more than two years of testing “found the material didn’t reduce carbon emissions.

 

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