As Europe’s food and beverage industry faces growing demands for
London, UK AFSIC (www.afsic.net), now in its thirteenth year as
Adelaide is strengthening its position as one of Australia’s emerging
The global IoT sensors market was valued at USD 23.9
Impact fund, Oxano Capital, shares their insights on successful investing
Subaru of America has released its 2025 Corporate Impact Report,
As global demand for portable power stations continues to rise,
BIXOLON has expanded its industrial printing portfolio with the XT6-40
As industries accelerate efforts to reduce carbon emissions, vacuum technology
Kavi Global has been named among the WiredBusiness Rewired 100
Dajin Heavy Industry and AD Ports Group have signed a
Driven by institutional capital, technology focused investments, ESG integration, and
Growth Ensemble, a specialist growth advisory firm focused on connecting
Advanced materials company TreadStone Technologies has announced the appointment of
The global 5G enterprise private network market was valued at
The U.S. travel and hospitality industry is continuing its strong
Derby is strengthening its position as one of Europe’s most
The luxury seating brand known for transforming event spaces through
With more than US$605 million in business generated at one
Australia’s aviation and travel sector is experiencing renewed momentum as
FREELANDER enters a new global chapter, blending British heritage with
The Hong Kong based energy technology company is recognized for
The cybersecurity leader joins an elite Naples based executive network
Under the facility, enterprises that form the productive backbone of
Sydney, Australia, May 2026 — Australia’s technology and enterprise software
Teesside, United Kingdom, May 2026 — The United Kingdom’s advanced
Washington, D.C., May 2026 — The United States has intensified
HONG KONG, The Battery Show Asia celebrated the inaugural Women
Strategic move reinforces Europe as a central pillar in GenScript’s
BROOKINGS, S.D., – Bel Group today broke ground on a
Veteran jewelry industry leader brings more than 25 years of
SINGAPORE – Math Magic has unveiled Hitem3D v2.0, the latest
DUBAI, UAE – Hikvision Digital Technology has been honored with
A new manufacturing facility in Alabama will increase transformer production
The company introduces new machinery models and a global service
Weichai combines technology, training, and service initiatives to strengthen local
The global chiplet interconnect market was valued at USD 2.17
Experts from technology, policy, and research communities gather during the
Sustainability is no longer a secondary consideration for today’s entrepreneurs.
Palantir CTO Shyam Sankar warns that AI-driven manufacturing speed—not just weapons—will define U.S. defense strength, economic resilience, and geopolitical advantage
TUDOR has expanded its Ranger collection with new models featuring a “Dune white” dial and a 36mm case size,
Past Events Search Nominate Now Marksmen Daily Announces the 5th
The global AI accelerator chips market was valued at USD
New automatic tank gauging solution expands global ProGauge portfolio with
Under the theme “AI Storage for the Mobile World,” Longsys
NEW YORK, NY, UNITED STATES — Thailand is set to
BRISBANE, QUEENSLAND, AUSTRALIA — FlyOnE Pty Ltd, Australia’s leading vertically
M&D has appointed industry veteran Tom Rizzi as Chief Executive Officer effective January 1, 2026
Hanshow has appointed Philippe Brochard as Chairman of its Advisory Committee, strengthening the company’s governance framework
Otis has been selected by Transport for London to modernise and service 172 escalators across the London Underground
The UK economy contracted again in late 2025, with weaker services output fuelling expectations of an imminent Bank of England rate cut as growth momentum fades.
The global power semiconductors market for electric vehicles is set for rapid expansion, projected to grow from USD 7.9 billion in 2024 to USD 68.2 billion by 2034
IDWS 2025 returned to Jeddah with record global participation, positioning Saudi Arabia as a key driver of water sustainability and innovation through international collaboration and policy leadership.
After years of material science breakthroughs, a team proved that a rugged, sea-ready composite could withstand extreme impact—unlocking the possibility of fully 3D-printed boats built for real-world oceans.
Europe must rapidly scale cloud adoption and AI capabilities to stay competitive, according to a new Munich report estimating up to €1.2 trillion in potential economic gains
Bank of America has been named the Regional Winner for the “World’s Best SME Banks 2026,” honoring its leadership in digital innovation
Exclusivity Secured for India, South Korea, and Emerging High-Growth Markets
The 138th China Import and Export Fair (Canton Fair) highlighted
In celebration of NBC’s new hit series On Brand with
Economists say Shanghai is strengthening its role as China’s reform engine, accelerating innovation and global collaboration as the city positions itself to grow with China
IBM and Groq have partnered to accelerate agentic AI deployment, integrating GroqCloud into IBM’s watsonx Orchestrate for faster automation across key industries.
Solve Industrial Motion Group has acquired Miller Bearing Company, expanding its U.S. manufacturing capabilities and strengthening its position
The global electric motorcycle & scooters market, valued at USD 36.4 billion in 2024, is projected to reach USD 110.6 billion by 2034
Apera AI ranks #10 on Deloitte’s 2025 Technology Fast 50 list, driven by its breakthrough 4D Vision technology revolutionizing industrial robotics.
Hyundai Motor clinched Gold Awards at the 2025 Merit Awards for Corporate Social Responsibility for its impactful Hyundai Hope initiative promoting child and pedestrian safety across U.S. communities.
Strong manufacturing and tourism growth push Singapore’s GDP forecast to 2.9% for 2025, signaling renewed economic resilience amid global challenges.
Hind Rectifiers has acquired France-based BeLink Solutions to expand its global footprint and strengthen capabilities in robotics, electronics manufacturing, and R&D.
Mistral AI secures €1.7 billion in Series C funding, accelerating its mission to advance cutting-edge AI solutions across industries.
Job seekers in the U.S. confront the toughest market in years as AI disruptions, weak hiring, and rising unemployment reshape the employment landscape.
Rytexint™ PPS redefines SLS 3D printing with unmatched performance, durability, and scalability for next-generation manufacturing.
Empowering the CFO’s to Navigate the Future of Finance: Strategies,
Remote work has evolved from a temporary solution into a lasting fixture of American business, reshaping how and where companies operate.
For decades, “Made in America” wasn’t just a label. It
Eagle Americas partners with C4 Industrial to expand next-gen fiber laser solutions across six U.S. states.
Collection blends timeless craftsmanship with sustainable, contemporary design Sevensedie, renowned
AFSIC – Investing in Africa, one of the most influential
London, UK – 14th-15th October 2025 – The premier investment
Pune, 12 September 2025 – Gain Skills Business Media proudly
IT-Conductor secures European patent, reinforcing its leadership in agentless cloud-native observability and IT automation.
In a historic move to reclaim strategic control over rare
The world of work in 2025 is borderless, flexible, and built on trust and connection.
ENSER Corporation acquires LiftTrac to expand innovative lifting solutions for manufacturing and industrial sectors.
AI risks take center stage as 75% of S&P 500 firms flag concerns in SEC filings, revealing a cautious corporate outlook on artificial intelligence.
Despite rising tariffs, Asia’s top automakers remain committed to the U.S. market, viewing it as a critical arena for growth.
BMW’s $1.7 billion South Carolina investment underscores its commitment to American manufacturing
Kristina Ivanchenko, IEEE Senior Member, lends her multidisciplinary expertise to evaluate innovations in AI, aerospace, and sustainability at UA Tech Vancouver 2025.
CBMM partners with the University of Birmingham to pioneer niobium-based carbon recycling for greener steelmaking and industrial decarbonization.
Technologies are reshaping the future, as cutting-edge technology transforms healthcare, mobility, energy, and everyday life
ESG is redefining corporate responsibility as companies lead with transparency, innovation, and measurable impact.
FSD Uganda, a valued sponsor at AFSIC – Investing in
SBA launches ‘Made in America’ push in Texas—$10M loans, onshoring portal, and deregulation aim to supercharge small U.S. manufacturers nationwide.
Nissan may shift Sentra production to the U.S. to dodge Trump’s tariffs, reshaping the budget car market and raising stakes for price-conscious buyers.
Lupin partners with SteinCares to launch its Ranibizumab biosimilar in Latin America, aiming to boost access to affordable retinal care therapies.
The “Made in America” label doesn’t always mean 100% U.S.-made. Learn what it really means—and why it matters to smart, conscious consumers.
Modine projects 30%+ data center growth in FY26, driven by soaring North American demand, capacity expansion, and strong Climate Solutions momentum.
The SBA’s new “Make Onshoring Great Again Portal” connects small businesses to over 1 million U.S. suppliers, boosting domestic manufacturing and job creation.
IFS has unveiled a new Accelerator program designed to help SAP users transition smoothly to the IFS Cloud platform.
The U.S. economy shrank 0.3% in Q1—masked by panic stockpiling before tariffs. Without it, the downturn could’ve been much worse. Trouble may lie ahead.
Ohio and Kentucky rank among the worst U.S. states in a new report, citing poor health care, education, and economic opportunity as key issues.
Hershey beats profit forecasts despite a sales dip, driven by strong salty snack demand, smart pricing, and cost control amid rising cocoa and tariff costs.
Fortune and Accenture have announced the 2025 Brainstorm AI conference series, returning to London, Singapore, and San Francisco. Under the theme “The Age of Intelligence,” the events will gather global AI leaders for bold discussions and strategic insights.
Making iPhones in the U.S. could hike prices up to 90%, says Bank of America. Tariffs and labor costs may push a $1,200 iPhone to nearly $2,300.
Nvidia, a U.S.-based tech company, revolutionizes AI and advanced computing with powerful GPUs, data centers, and the Omniverse—shaping the future of technology.
Reindustrializing America is a vital goal, but tariffs alone won’t cut it. Real change demands workforce revival and corporate reform.
Mercedes-Benz creates a North America CEO role to boost US market engagement. Jason Hoff takes charge, overseeing strategy amid shifting trade policies.
Catalyx appoints Sigmund Aaro as Senior VP to drive North American growth, leveraging his 25+ years of expertise in automation, AI, and digital transformation.
Tariffs under Trump’s “America First” policies are weakening U.S. economic dominance, slowing growth, and shifting market momentum toward Europe and China.
TVA (Tennessee Valley Authority) and Type One Energy have partnered to advance fusion power development for a sustainable future.
Trump increases the tariffs on steel and aluminum, which lead to trade concerns
Tata Electronics expands in North America, hiring top talent and strengthening its position in Apple’s supply chain while eyeing growth beyond iPhones.
Party City has entered an agreement to sell its brand and Amscan assets to an Ad Populum affiliate, aiming to streamline operations and strengthen its market position.
America’s manufacturing revival in 2025 could boost the S&P 500, fueled by policy support, reshoring, and signs of industrial growth, says BofA.
Wall Street has started their first session of 2025 with a declining trend, and Tesla impacted the market
Wall Street soared as tech stocks led the charge, driving both the S&P 500 and NASDAQ to close at elevated levels, buoyed by renewed investor optimism.
Argentina cuts its benchmark interest rate to 32%, signaling progress against inflation but raising concerns over rising poverty and economic challenges.
In October the U.S. job openings rose while the layoffs hit a record low, indicating a labor market cool down
The dollar witnessed a sharp rise in spite of uncertainty over the rate cuts and increasing tariff tensions
A holiday-shortened week brings key market events, with the Fed’s inflation gauge, corporate earnings, and Bitcoin’s surge in focus amid economic updates
Treasury yields declined as investors looked for U.S. economic conditions, rising concerns over the growth and future rate of interest
China gains ground as the U.S. adopts isolationist policies under Trump, creating opportunities in trade, diplomacy, and global influence.
The digital rupee, India’s CBDC, offers a secure, cost-efficient alternative to cash, ensuring transparency, faster transactions, and global competitiveness in digital finance.
The American Dream feels distant for many, as income gaps widen and opportunity slips away. Economic dissatisfaction drives voters toward promised change
The Dow closed above 44,000 for the first time, while the S&P 500 hit a new high, as Bitcoin surged. Traders await inflation data amid mixed tech stock trends.
A venture capital firm, Capmont Technology, raises a huge amount of 100 million euros in support of B2B businesses in regions like Europe and the US.
The 2024 presidential campaign has highlighted massive contributions from oil
A Trump win could reshape US economic policies, with plans for heavy tariffs, tax cuts, energy reforms, and stricter immigration, impacting global alliances.
Nippon Steel’s buyout of U.S. Steel could save the struggling giant, despite political opposition, by injecting much-needed capital and ensuring its future.
US consumer spending surged 0.4% in September, fueling economic growth. Retail sales rose across most sectors, signaling resilience despite inflation and high rates.
Luxembourg and the USA both offer unique expat experiences. While Luxembourg boasts quality of life and stability, the USA shines in diversity and opportunity.
The U.S. manufacturing sector faces major hurdles despite political promises, with global competition, high labor costs, and uncertain demand slowing progress.
Fed’s Goolsbee warns of a potential recession as inflation slows and unemployment rises. Job growth falters; Fed’s rate cuts may or may not stabilize the economy
The 2024 election pits Kamala Harris against Donald Trump, with stark contrasts on key issues like foreign policy, immigration, and the economy.
As the US Fed hints at rate cuts, India’s market faces high valuations and cautious growth. Diversify investments wisely to navigate economic shifts.
The Inflation Reduction Act has ignited a quiet industrial revolution in the U.S., driving historic investments in clean energy and sustainable manufacturing.
Manufacturing businesses operate in a highly competitive environment where managing
Big Tech earnings, a Fed meeting, and the July jobs report will steer the market this week, with key events likely to influence stock directions.
The circular economy emphasizes the continuous use of resources through recycling, reusing, and remanufacturing
The E.P.A. is taking steps to regulate vinyl chloride, a hazardous chemical used in PVC production, following health and safety concerns from recent incidents.
Economic recessions present significant challenges for businesses, affecting revenues, cash
The Biden administration plans to phase out single-use plastics in federal operations by 2035, aiming to curb plastic pollution and promote sustainable alternatives.
Britain’s new coal mine approval faces legal and environmental backlash, questioning its impact on global climate leadership and domestic emission goals.
California’s groundbreaking plan for offshore wind farms aims to transform energy with towering turbines in deep ocean waters, pioneering clean power
Commercial real estate investment can be a rewarding
Discover how America can lead in combating climate change through innovation, community engagement, and environmental stewardship
New York leads the way in energy-efficiency rebates under the Inflation Reduction Act, with up to $24,000 in incentives for homeowners. More states to follow soon.
A global UNEP study reveals persistent organic pollutants (POPs) in over 900 samples from 42 countries, highlighting ongoing contamination and regulatory challenges in the environment
Stocks surged last week, driven by lower-than-expected inflation data. The Nasdaq rose over 3%, and the S&P 500 reached record highs, while the Dow slipped by 0.7%
America’s plastic crisis: 40M tons waste yearly, 91% not recycled. Seeking sustainable solutions amid global bans and growing environmental concerns
India’s exports to China, UAE, Russia, and Singapore rose in 2023-24, reaching USD 776.68 billion. Production incentives boosted key sectors like electronics
Institutions like OCP AFRICA and Bank of Africa exemplify Morocco’s commitment to agricultural development and financial inclusion across the continent. Through initiatives like South-South cooperation, Moroccan companies share their expertise to support African countries in various sectors, promoting inclusive growth and mutual prosperity.
Salalah Free Zone has inked five new investment deals worth RO44mn, involving investors from Kuwait, Iraq, Jordan, and Hong Kong. The agreements span various sectors, including paper tissues, air conditioning devices, blood sugar test strips, frankincense derivatives, and potash fertilizers.
In a pioneering move, Oman, Etihad Rail Company, and Al Jazeera Steel have forged a transformative alliance to revolutionize logistics in the region. The Memorandum of Understanding emphasizes efficiency and sustainability in transporting raw materials and goods, leveraging the UAE-Oman Rail Network.
In a nuanced economic landscape, PwC’s 2024 forecast offers a beacon of hope for the UK, anticipating an upturn from the challenges of the post-pandemic era. Despite a dip in M&A activity in 2023, the projection outlines a positive shift with improvements in household finances, real incomes, and regional growth. The corporate sector, however, faces a potential rise in insolvencies, particularly affecting smaller businesses. Global defense orders surge amidst geopolitical tensions, adding a layer of complexity to economic predictions. Market dynamics, including a strengthened pound and energy price fluctuations, further contribute to the intricate economic tapestry awaiting the UK in the upcoming year.
Invest in Africa Summit is one of the most important
In Q3 2023, Oman’s economy displayed resilience with a 2.2% growth in real GDP, marking a positive rebound from a slight contraction earlier in the year. The non-hydrocarbon sector played a pivotal role, growing at a commendable rate of 3.9%, offsetting a 0.9% dip in hydrocarbon GDP. Notably, the services sector emerged as a key driver, showcasing a robust 6.5% growth during this period. While challenges in the hydrocarbon industry persist, international entities like the IMF express confidence in Oman’s economic recovery, citing favorable oil prices and ongoing reform efforts. As Oman navigates this economic landscape, a nuanced approach to diversification and global oil dynamics remains crucial.
Sohar Port and Freezone exceptional growth, surpassing $27 billion in investments over two decades, cements its position as a vital force in Oman’s economic development. With an annual contribution of 2.1% to Oman’s GDP, the industrial complex has become a linchpin in the nation’s trade dynamics, representing 45% of the total trade exchange. The port’s recent achievements, including a 13% increase in liquid bulk volume and a rise in ship calls, underscore its operational prowess and efficiency. The formation of the SOHAR Net-Zero Alliance further positions Sohar Port and Freezone as pioneers in driving sustainability and carbon neutrality in Oman. As new investments flow in and agreements are signed, the port continues to play a pivotal role in shaping Oman’s economic future.
In the complex realm of international diplomacy, India’s abstention from a UN vote on the Israel-Hamas conflict sparks nuanced discussions. Jordan’s envoy, Mohamed Salam Jameel A.F. El-Kayed, highlights the respect for sovereign decisions, acknowledging India’s evolving role as an “emerging power” capable of contributing to conflict resolution. Amidst the diplomatic discourse, Jordan’s proactive humanitarian aid efforts and condemnation of Israeli bombardment underscore its commitment to alleviating the crisis. The recent IDF strike targeting a key figure in Hamas’s weapons manufacturing adds a layer of complexity to the unfolding events. As nations grapple with their roles, the hope for a peaceful resolution remains central in addressing the urgent humanitarian concerns in Gaza.
Safecom Mobile and Durabook have joined forces, creating a dynamic collaboration that capitalises on their unique strengths. This strategic alliance is positioned to meet the growing demand for rugged tablets and laptops in Southeast Asia, encompassing Singapore, Malaysia, Thailand, Brunei, Indonesia, and the Philippines. With a strong focus on quality, responsive technical support, and proactive sales services, Durabook’s products are poised for expansion through Safecom Mobile’s expertise.
The Canadian economy’s recent performance paints a sobering picture, with stagnant GDP figures in August and a looming threat of recession in the third quarter. These challenges have arisen in the wake of the Bank of Canada’s decision to maintain interest rates, a reflection of the economic slowdown. While high inflation and forest fires have played a role in this predicament, the unexpected nature of this economic struggle has caught many by surprise. It remains to be seen how the central bank will navigate these turbulent waters, with market sentiments signaling increased uncertainty about Canada’s economic future.
In a delicate economic balancing act, the Bank of England faces a pivotal decision on interest rates. The prevailing debate centers on whether to raise the Bank Rate to 5.5% or keep it at the current 5.25%. However, this discussion may be misdirected. The critical question at hand should be whether a cut to 5% or maintaining the status quo is the more reasonable course of action. This article presents a compelling case for an interest rate cut in a bid to counterbalance the challenges posed by inflation while averting the looming risk of an economic recession.
The First Duqm Economic Forum has concluded, leaving a remarkable impact on Oman’s economic vision. It highlighted the pivotal role of the Special Economic Zone at Duqm (SEZAD) in fostering renewable energy, green manufacturing, and global trade. Duqm is pioneering the nation’s journey toward a green economy by utilizing solar and wind-generated energy. The forum showcased Oman’s potential as a future renewable energy superpower, with a special focus on a green steel industry cluster. Young entrepreneurs also took center stage, reflecting the nation’s innovative spirit and ambition. This forum marks a significant step towards Oman’s sustainable and prosperous future.
Amidst a backdrop of economic complexities, the United Kingdom’s business landscape is witnessing an unexpected surge in confidence. Despite inflationary concerns and the trajectory of interest rate adjustments, British companies exhibit their highest optimism levels since a pivotal juncture preceding geopolitical tensions. The interplay between rising positivity, evolving wage dynamics, and pricing sentiments showcases the multifaceted nature of the business environment. As the nation treads the delicate balance between economic stability and inflation management, the resilience of UK businesses shines through, shaping a narrative of adaptability and growth. A collaborative approach between stakeholders will be instrumental in steering the nation’s economic course through these shifts.
The potential of AI to drive innovation, economic growth, and
The CALABARZON region in the Philippines is experiencing robust real estate growth driven by commercial investments and increased property leads. Provinces like Cavite and Batangas are gaining popularity for agri-tourism and farm villa rentals. CALABARZON’s proximity to Metro Manila makes it a hotspot for various property types, including technoparks and commercial establishments. Lamudi’s property awards in Luzon saw a 50% increase in nominated projects, reflecting the region’s real estate boom. The Outlook: Philippine Real Estate Awards 2023, set for September 21, will celebrate outstanding developments and feature industry discussions.
Malaysia’s proactive approach to attracting global investors in the midst of shifting supply chains reflects a keen understanding of evolving economic dynamics. With multinational companies increasingly diversifying their production hubs in Asia, Malaysia’s strategic positioning couldn’t be more timely. Minister Tengku Zafrul’s emphasis on leveraging this trend underscores the nation’s commitment to economic growth. The comprehensive Halal Industry Master Plan 2030 and the New Industrial Master Plan 2030 serve as cornerstones for nurturing talent, enhancing competitiveness, and embracing sustainability principles in the halal industry. Malaysia’s remarkable 64% growth in halal exports in 2022 showcases the industry’s resilience and its pivotal role in the nation’s economic landscape.
Oman’s financial landscape is primed for positive shifts, as indicated by the Central Bank of Oman’s Credit Conditions Survey. Forecasts for 2023 highlight increased credit demand across households, corporates, and SMEs, underpinned by a potential surge in lending growth. The survey echoes a robust appetite for corporate credit, especially in sectors like services, manufacturing, and transportation. Additionally, the SME sector is expected to thrive, reflecting the government’s commitment to entrepreneurial support. Overall, Oman’s banking realm seems poised for a buoyant trajectory in the year ahead.
Germany once hailed as an economic powerhouse, now finds itself at a crossroads. Business leaders and experts are sounding the alarm as the nation grapples with a weakening economy and the challenges of transitioning to green energy. Soaring inflation, sluggish export markets, and high energy costs loom over Germany’s economic landscape, raising concerns about its future. Amid these difficulties, Chancellor Olaf Scholz envisions a new era of economic growth through the transition to renewable energy. However, skepticism remains as experts question the immediate benefits and exorbitant costs associated with this green revolution. Germany must confront its structural weaknesses, such as bureaucracy and an ageing population while addressing industry concerns and shifting dynamics. The road ahead may be challenging, but Germany’s resilience and adaptability will determine its success in securing a prosperous future.
Singapore’s economic slowdown and declining job market have raised concerns among non-resident Indians (NRIs) residing in the city-state. As the country faces challenges such as a contraction in the economy and declining exports, NRIs may find it more challenging to secure employment opportunities. However, amidst these difficulties, there are also opportunities to be found. Sectors like information and communication technologies and financial services continue to show resilience, indicating potential skill-specific job openings. To navigate this changing landscape, NRIs should focus on adapting their skills, networking, and staying updated with industry trends. By doing so, they can position themselves to overcome challenges and contribute meaningfully to Singapore’s economy.
The 12th edition of The Annual Investment Meeting (AIM) hosted the China Top 50 Unicorns. The event took place at the Innovation and Technology Track located at the Abu Dhabi National Exhibition Centre, and brought together investors, startups, and innovators from the UAE and China.
The United Nations World Tourism Organization (UNWTO) has announced their commitment to sustainable growth through the power of government and investment in the tourism industry. In the same context, they hosted a forum at the 12th edition of Annual Investment Meeting that focused on Investing in People – Investing in Planet – Investing in Prosperity’.
The Entrepreneurs Investment Summit opened its doors to industry leaders and experts from around the world to discuss new strategies and opportunities for investment. Held at the 12th edition of the The Annual Investment Meeting (AIM), which took place at the Entrepreneurs Room located at the Abu Dhabi National Exhibition Centre, The Summit witnessed a range of distinguished speakers who shared their thoughts and insights on the subject.
China is all set to build its first hyperloop train line between Shanghai and Hangzhou, according to the nation’s top engineering and rail design institutes.
The Singapore headquartered consumer electronics major Dyson on Wednesday announced that it will be building new manufacturing facilities and technological hubs at Tuas in region Singapore, the Philippines, and the UK as part of its ongoing five-year $3.4 billion global investment plan for the development of its software and AI capabilities.
Electric car sales are expected to continue strongly through 2023 and more than 2.3 million electric cars were sold in the first quarter, about 25% more than in the same period last year, International Energy Agency (IEA) said on Wednesday.
A chip industry group is warning that if U.S. allies do not adopt curbs on semiconductor manufacturing equipment to China that are comparable to U.S. controls, they will not be effective.
Dutch and U.S. officials will meet in Washington on Friday to discuss potential new controls on exporting semiconductor manufacturing gear to China, with a deal possible by the end of the month, according to two sources familiar with the matter.
Oil rebounded on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a U.S. fuel pipeline providing support, though economic concerns capped gains.
Tesla Inc’s China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters.
China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances.
The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors and LG Energy Solution to help pay for three new lithium-ion battery cell manufacturing facilities.
Taiwan’s economy minister said on Wednesday that the island remains chipmaker TSMC’s most important production base after the company announced it would more than triple planned investment at its new Arizona plant to $40 billion.
Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) on Thursday reported a 34.7% rise in third-quarter revenue and lifted its capital expenditure plan, but missed estimates and warned investors about the impact of export controls from the U.S.
TSMC, the world’s largest contract chipmaker and a major supplier to Apple Inc, said on Wednesday it was constructing a building that could serve as its second chip factory in Arizona in the United States.
U.S. export restrictions on chip equipment to China are likely to lead to its “Sputnik” moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course even if it may not succeed commercially in the longer term, experts said.
U.S. chip toolmaker KLA Corp will cease offering some supplies and services from Wednesday to China-based customers including South Korea’s SK Hynix in compliance with recent U.S. regulations, a source familiar with the situation said on Tuesday.
Shares in Chinese tech giants Alibaba Group (9988.HK) and Tencent (0700.HK) as well as in chipmakers slumped on Monday, as investors were spooked by new U.S. export control measures aimed at slowing Beijing’s technological and military advances.
Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain, sources told Reuters, an unprecedented move that could ease access to one of the world’s most protected automobile markets.
The Biden administration plans to spare SK Hynix and Samsung from the brunt of new restrictions on memory chipmakers in China aimed at thwarting Beijing’s technological ambitions and blocking its military advances, sources said.
Apple shares dipped roughly 3% on Wednesday after it was
Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised their costs and forced many to cut their balance sheet risks, five banking and private sector sources told Reuters.
The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
Japan’s services sector activity shrank for the first time in five months in August as a resurgence of COVID-19 infections hurt demand, a business survey showed.
China has entrusted a defence-focussed state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of a deal to offset Caracas’ billions of dollars of debt to Beijing, according to three sources and tanker tracking data.
Apple Inc (AAPL.O) plans to start making the iPhone 14 in India about two months after its release out of China, in a move that will narrow the gap from the typical six to nine months for previous launches, Bloomberg News reported on Tuesday.
European shares slipped on Tuesday as investors fretted about soaring energy prices and a weak economic outlook after data showed business activity in the region contracted this month.
South Korea is expected to attend a preliminary meeting for a U.S.-led group of major microchip manufacturers including Taiwan and Japan, South Korea’s foreign minister said on Thursday.
China’s EVE Energy Co Ltd (300014.SZ) will supply BMW (BMWG.DE) with large cylindrical batteries for its electric cars in Europe, two people with knowledge of the matter said, as the German automaker follows Tesla Inc (TSLA.O) in adopting the new technology.
Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending.
Export restrictions being considered by Washington to halt China’s advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains – and hurting U.S. businesses.
Factories across Asia and Europe struggled for momentum in July as flagging global demand and China’s strict COVID-19 restrictions slowed production, surveys showed on Monday, likely adding to fears of economies sliding into recession.
The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protect U.S. companies.
Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply adjustments.
Welbilt’s exposure to the U.S. fast-food market will make new Italian owner Ali Group more resilient in a slowing global economy, while the deal will bring $100 million in cost savings, the chief executive of the catering equipment company told Reuters.
Japan’s government on Tuesday said it will provide as much as 92.9 billion yen ($680 million) to Kioxia Holdings and Western Digital Corp (WDC.O) to help them boost production and ensure a stable supply of memory chips in Japan.
U.S. chipmaker Intel Corp (INTC.O) said on Monday it will produce chips for Taiwan’s MediaTek Inc (2454.TW), one of the world’s largest chip design firms.
The global economy looks increasingly likely to be heading into a serious slowdown, just as central banks aggressively reverse ultra-loose monetary policy adopted during the pandemic to support growth, data showed on Friday.
Entrepreneurs are the key players in any country’s ability to
Several U.S. semiconductor firms are deliberating whether to oppose a package of chip industry subsidies if the final language of the legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel Corp (INTC.O), sources familiar with the matter told Reuters.
Taiwan’s TSMC (2330.TW) forecast revenue growth that could be the highest in 10 quarters, saying it was “highly confident” about its long-term prospects and touted demand for high-tech chips used in data centres and electric vehicles.
The UK’s Secretary of State for Transport, Grant Shapps, has visited manufacturer Silver Fox, to highlight the ongoing work of the rail sector in generating employment, skills and prosperity in difficult economic times.
Top liquefied natural gas exporter Australia is in the depths of a power crunch just as traditional buyers are scrambling to meet shortfalls of Russian gas and winter takes hold Down Under.
India’s top steelmaker Tata Steel (TISC.NS) imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing business with Russia.
When prices fall, it is usually regarded as a positive
Inflation is a widely used economic term. Nations have been pushed into long durations
The term “emerging markets” pertains to a financial system that has experienced significant economic development and has some, but not all, of the features of an advanced economy
Retail giant Walmart Inc (WMT.N) on Wednesday said it was expanding transportation pilots with manufacturers of electric, hydrogen and natural gas-powered vehicles, including Cummins Inc (CMI.N) and Daimler Truck’s (DTGGe.DE) Freightliner.
President Joe Biden will declare a 24-month tariff exemption on Monday for solar panels from four Southeast Asian nations after an investigation froze imports and stalled projects in the United States, sources familiar with the matter told Reuters.
Denso Corp (6902.T), Japan’s largest auto supplier, was bullish about its prospects in a business presentation on Wednesday as demand for automotive chips expands and it tackles semiconductor shortages that have frustrated Toyota Motor Corp (7203.T), its biggest shareholder and customer.
Shares slid worldwide on Tuesday as fears about weak earnings and slowing growth punctured the recent mini-rally, while hawkish remarks from European Central Bank Chief Christine Lagarde reminded edgy markets that rate hikes loom.
German big business is drafting a plan to use an auction system to help ration available supplies in the event Russia cuts off its gas, although some fear it could punish smaller firms.
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said.
Following the vast Covid-19 incident, the global economy is returning
Tesla Inc (TSLA.O) has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
Chinese smartphone giant Xiaomi Corp (1810.HK) faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices.
Hyundai Motor Co (005380.KS) plans to build a new electric-vehicle manufacturing plant in the United States and has held discussions with officials in Georgia, near existing plants for the Hyundai and Kia (000270.KS) brands, people with knowledge of its plans told Reuters.
The economy is one of those topics that piques the
To make its first electric vehicle for the consumer market, India’s Tata Motors Ltd (TAMO.NS) repurposed an unused shop floor at its flagship plant. Here, there’s no fancy assembly line – Nexon SUV bodies designed for gasoline models are wired and fitted with battery packs by hand.
The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike.
It is said that education has the power to transform
Oil prices slipped in volatile trading on Tuesday as investors weighed demand concerns against tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a COVID-19 shutdown.
One of the most fundamental components of a country is
ADP reports that private payrolls increased by 455,000 in March,
SpaceX has ended production of new Crew Dragon astronaut capsules, a company executive told Reuters, as Elon Musk’s space transportation company heaps resources on its next-generation spaceship program.
Nvidia Corp (NVDA.O) is interested in exploring using Intel Corp (INTC.O) for manufacturing its chips, Chief Executive Officer Jensen Huang said on a call with reporters on Wednesday.
Japan’s Renesas Electronics Corp, Murata Manufacturing Co Ltd, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country’s northeast, the latest blow to the global supply chain.
Last month Tesla fired an Autopilot employee. He was fired
The crisis in Russia-Ukraine continues to dominate the market. Investors
More than 100 United Nations member states will convene this month to draw up a blueprint for the first-ever global agreement to tackle plastic pollution. The U.N. says it could be the most important environmental pact since the Paris Agreement climate deal in 2015.
Kyndryl (KD.N), the former infrastructure services business of IBM (IBM.N), signed a deal with Nokia (NOKIA.HE) to help automate factories by bringing in cloud computing and artificial intelligence over wireless networks.
A measure of U.S. manufacturing activity fell to a 14-month low in January amid an outbreak of COVID-19 cases, supporting the view that economic growth lost steam at the start of the year.
Japan’s Panasonic Corp (6752.T) on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw materials, component shortages and a drop in domestic sales for appliances.
Japan’s factory output shrank for the first time in three months in December as a decline in machinery production outweighed a small rise in autos, casting a cloud over the strength of the economic recovery.
Stocks staged a modest rebound on Monday as traders put aside concerns about inflation and the crisis in Ukraine to dip back in, but global equities are still headed for their worst January since 2016 after a bruising month for riskier assets.
Ford Motor Co (F.N) Chief Executive Jim Farley won applause from Wall Street by increasing the production target for the automaker’s electric F-150 to 150,000 a year, more than three times the original number.
Foreign investors are piling into China at the start of 2022, seeing it as a haven from the inflation, growth and pandemic problems plaguing most other markets.
In the United States, an omicron outbreak is causing supply
South Korea’s economy expanded at the fastest pace in 11 years in 2021 helped by a jump in exports and construction activity, tempering declines in capital investment and a slow recovery in the coronavirus-hit service sectors.
Activist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday.
Renault SA (RENA.PA), Nissan Motor Co and Mitsubishi Motors Corp (7211.T) plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters.
Microchip design software maker Cadence Design Systems Inc (CDNS.O) is betting on growth from automakers and other chip users strapped by global supply shortages who face mounting competition from rivals such as Tesla Inc (TSLA.O) and Apple Inc (AAPL.O) that design their own chips.
Indonesia’s trade surplus narrowed more than expected in December to $1.02 billion, the lowest in 20 months, as a surge in exports driven by commodities slowedand imports hit a record high, official data showed on Monday.
The German economy failed to return to its pre-pandemic size in 2021 as microchip shortages hit production in the car industry and further COVID-19 restrictions slowed down the recovery of Europe’s largest economy, data showed on Friday.
Japan called for greater collaboration with Taiwan on semiconductors at a bilateral economic and trade meeting on Tuesday.
Personalized smart guns, which can be fired only by verified users, may finally become available to U.S. consumers after two decades of questions about reliability and concerns they will usher in a new wave of government regulation.
Apple Inc (AAPL.O) supplier Foxconn (2317.TW) will reopen an iPhone manufacturing facility in southern India on Wednesday, government officials and a legislator in the region where the plant is located told Reuters.
Vietnam’s VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year.
Impact of Omicron on Manufacturers and Suppliers.
Asia’s factory activity grew in December as companies took rising global cases of the new Omicron coronavirus variant in stride, though persistent supply constraints and rising input costs clouded the outlook for some economies.
Malaysia’s government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country’s economy, or face risks to its export-reliant growth model, experts warn.
Geely Holding and France’s Renault are likely to soon announce a deal to jointly produce the Chinese automaker’s hybrid vehicles in South Korea and look at possibly exporting cars duty-free to the United States, three people familiar with the matter said.
Growth in German private sector activity evaporated in December as restrictions to break an aggressive fourth wave of coronavirus infections hit the services sector in Europe’s largest economy, a survey showed on Thursday.
Chinese authorities are scrutinising the assets of China Evergrande Group (3333.HK) and its wealthy chairman Hui Ka Yan but expect no fire sale for now at the world’s most indebted property developer, two sources with direct knowledge of the matter said.
A German supplier of chemicals and materials used in making semiconductors said on Tuesday that it is investing $1 billion in its U.S. operations and forming a joint venture with data analytics firm Palantir Technologies (PLTR.N) to solve chip industry supply chain problems.
Samsung Electronics Co Ltd (005930.KS) will merge its mobile and consumer electronics divisions, the firm said on Tuesday, naming new co-chief executives in the biggest reshuffle since 2017 to simplify its structure and focus on the logic chip business.
Toyota Motor Corp (7203.T) will launch an all-electric small sedan in China late next year, having turned to local partner BYD (002594.SZ) for key technology to finally make an affordable yet roomy runaround, four sources told Reuters.
As the Trump administration debated whether to declare COVID-19 a national emergency early last year, a little-known U.S. health office issued a public plea to Big Pharma.
Manufacturing growth in the euro zone accelerated slightly last month but supply chain bottlenecks worsened, putting a cap on output and driving the cost of raw materials up at the fastest rate in over two decades, a survey showed.
Asian factory activity grew in November as crippling supply bottlenecks eased, but rising input costs and renewed weakness in China dampened the region’s prospects for an early, sustained recovery from pandemic paralysis.
A surge in coronavirus infections in Germany is weighing on consumer morale in Europe’s largest economy, dampening business prospects in the Christmas shopping season and threatening to kick away its last remaining pillar of growth.
Taiwan is looking at cooperating with three Eastern European countries on semiconductors, a minister said on Thursday, a move likely to find favour in Brussels which has been courting Taiwanese semiconductor firms to manufacture in the bloc.
High-tech home appliance maker Dyson Ltd told Reuters it had cut ties with supplier ATA IMS Bhd (ATAI.KL) following an audit of the Malaysian company’s labour practices and allegations by a whistleblower, sending ATA shares plunging.
Global shipping and supply chain bottlenecks are encouraging Canadian firms to bring production back home, but some companies would have to absorb higher costs and build expertise in certain sectors for local manufacturing to pick up pace.
South Korean tech giant Samsung Electronics Co Ltd (005930.KS) said on Tuesday it had not made a final decision on the location of a new $17 billion chip plant in the United States, after the Wall Street Journal reported it would be Taylor, Texas.
Chip designer MediaTek Inc (2454.TW) on Thursday released a new 5G smartphone chip that it hopes will be used in premium-priced Android smartphones, a market Qualcomm Inc (QCOM.O) currently dominates.
Sony Group (6758.T) on Tuesday said it will invest about $500 million in a joint venture with Taiwan Semiconductor Manufacturing Co’s (2330.TW) (TSMC) that will build a $7 billion chip plant in Japan.
Global COVID-19 cases surpassed 250 million on Monday as some countries in eastern Europe experience record outbreaks, even as the Delta variant surge eases and many countries resume trade and tourism.
Australian iron ore magnate Andrew Forrest wants to turn his company, Fortescue Metals Group Ltd (FMG.AX), into the world’s biggest green energy group, but critics say his targets are a stretch even for a man who built the world’s fourth-largest iron ore producer from scratch in just over a decade.
Apple, Amazon, Microsoft, Alphabet… and Tesla. We now have a trillion-dollar EV firm whose 10% surge on Monday lifted Wall Street to new record highs — electric vehicles going mainstream is perhaps encouraging news ahead of the COP26 environment summit.
When a Swedish court ordered the country’s biggest cement maker to stop mining limestone by its huge factory on the windswept island of Gotland to prevent pollution, ecologists cheered.
On Friday, Samsung Electronics Co Ltd reported a 28% increase
QINZHOU, China, Oct 7 (Reuters) – U.S. remote-control maker Universal
LONDON, Oct 5 (Reuters) – Business growth across Europe remained
Diageo Plc (DGE.L), a leading global beverage alcohol manufacturer, announced
BERLIN, Sept 28 (Reuters) – The mood among German consumers
As Mexico aims to boost its manufacturing of semiconductors, it may build production facilities in its southern states, where much-needed water is available, according to Economy Minister Tatiana Clouthier.
akeda Pharmaceutical Co (4502.T), which distributes Moderna Inc’s (MRNA.O) COVID-19 shots in Japan, expects vaccines to become a bigger part of its portfolio as shots for dengue fever and COVID-19 near regulatory approval, its chief executive said.
The biennial Internationale-Automobil-Ausstellung, or International Motor Show, in Germany, begins
Covid 19 has put the entire world in a difficult
Asian share markets were in a cautious mood on Thursday as concerns grew over the Chinese economy after a run of soft data, while the risk of a sub par U.S. payrolls report kept the dollar on the defensive.
Euro zone manufacturing growth remained strong in August but supply chain issues caused by the coronavirus pandemic continued to constrain supplies of the raw materials factories need, driving up prices, a survey showed on Wednesday.
Canada’s Conservatives hammered Liberal Prime Minister Justin Trudeau on Tuesday after data showed that the country’s economy unexpectedly shrank in the second quarter and again in July, putting the economy at the center of debate three weeks ahead of a national election.
After U.S. Federal Reserve Chairman Jerome Powell struck a more
Japan’s industrial output shrank in July as car production took a hit from a coronavirus resurgence in Asia that has cast doubt over the recovery in the world’s third-largest economy.
China’s businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likelihood of more near-term policy support to boost growth.
From Fed boss Jerome Powell on Friday to the Cleveland Fed’s Loretta Mester on Monday, the doves have been out in force, sending the dollar to two-week lows, Treasury yields below 1.3% and putting the S&P 500 (.SPX) on track for its longest monthly winning streak since 2018.
Oil slipped on Tuesday as OPEC and allies geared up for a meeting on Wednesday amid calls from the United States to pump more crude, although Brent still traded well above $70 per barrel.
India’s economy likely rebounded in the April-June quarter from a deep slump last year helped by improved manufacturing and in spite of a devastating second wave of COVID-19 cases.
Euro zone economic sentiment has eased more than expected in August from a record high in July, hit by a sharp drop in optimism in France and the Netherlands, while selling price expectations in industry peaked, signalling inflationary pressure.
Asian shares perked up and the dollar fell to two-week lows on Monday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone at the central bank’s long-awaited symposium, although investors remained cautious about prospects in China.
Stock markets are heading into September near record highs but the fast-spreading Delta coronavirus variant is making some investors reassess how so-called reflation trades could perform in coming months.
Synopsys Inc (SNPS.O) said on Monday one of its customers used artificial intelligence software to get a 26% gain in the power efficiency of a computer chip, a leap that usually has to wait for a new generation of chip manufacturing technology.
TOKYO, Aug 23 (Reuters) – Japan’s factory activity growth slowed in August, while that of the services sector shrank at the fastest pace since May last year, highlighting the increasingly heavy toll a recent wave of COVID-19 infections is taking on the economy.
Activity in Germany’s manufacturing and services sectors expanded in August, a survey showed on Monday, pointing to recovering employment levels, strong demand and a rosier business outlook even though the pace of growth fell slightly.
Growth in French business activity eased in August compared to July, according to initial forecasts in a monthly survey, as problems with supplies of goods and COVID-19 health protocols impacted trade.
European stocks posted their biggest weekly drop last week since February. A large part of the reason behind the sharp drop is growing concerns over a slowing global economy, as well as increasing fears over rising infection rates and vaccine durability. Investors hoping for a bounce this week from a clutch of “flash” European manufacturing surveys for August out on Monday may be disappointed going by the recent softening trend in U.S. and Chinese PMIs.
An historic benefits package at BHP’s (BHP.AX) sprawling Escondida copper mine has raised the prospect for tough new negotiations and strikes at mines around the country, workers and analysts told Reuters.
China is facing a high profile test of its commitment to curbing industrial pollution after steel output surged in the first half of the year to well beyond its target of capping production at 2020’s peak, sending emissions to new highs.
Wall Street’s main indexes slid on Tuesday, with the S&P 500 logging its biggest one-day percentage fall in about a month, weighed down by a drop in U.S. retail sales that raised concerns about the economic recovery, as well as by disappointing results from Home Depot (HD.N).
Aug 17 (Reuters) – Automaker General Motors Co (GM.N) said it will replace all battery modules in some Chevrolet Bolt electric vehicles (EVs) under a recall announced last month.
Safe-haven currencies such as the yen held firm against riskier currencies on Tuesday as disappointing economic data from China, the spreading Delta variant of the coronavirus and political tension in Afghanistan weighed on risk appetite.
Tesla (TSLA.O) CEO Elon Musk on Wednesday evening met with the leadership of Brandenburg, the German state where the group’s 5.8 billion euro ($6.9 billion) European gigafactory is being built, its Economy Minister Joerg Steinbach said on Twitter.
A group of 29 U.S. House Democrats want congressional leaders to include at least $160 billion in additional funding for electric vehicles as part of a $3.5 trillion spending measure, according to a letter seen by Reuters.
Great Wall Motor (601633.SS) has decided to re-allocate to Brazil a portion of its $1-billion investment in India, as the Chinese automaker has been unnerved by a year-long delay in winning government approvals, three sources told Reuters.
A Democrat in the U.S. House of Representatives introduced legislation on Tuesday extending tax credits to companies that domestically produce rare earth magnets, a sector currently dominated by China.
Indian oil-to-telecoms conglomerate Reliance Industries Ltd (RELI.NS) said on Tuesday it would invest $144 million in U.S. energy storage company Ambri Inc, along with billionaire Bill Gates, investment management firm Paulson & Co and others.
BioNTech and partner Pfizer (PFE.N) have supplied more than one billion doses of their COVID-19 vaccine as per July 21, a bigger number than delivered by competitor AstraZeneca (AZN.L), the German biotech group said on Monday.
India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc’s (TSLA.O) appeals for a cut polarised the country’s auto industry.
In late December 2019, managers at Volkswagen (VOWG_p.DE) headquarters in Wolfsburg realised they might have a serious problem in China, the company’s biggest market and ticket to its electric future.
German exports rose more than expected in June despite persisting supply bottlenecks in manufacturing, data showed on Monday, suggesting a solid recovery in Europe’s biggest economy.
BEIJING/SHANGHAI, Aug 9 (Reuters) – Renault (RENA.PA) and Geely said on Monday they would jointly develop petrol-electric hybrid vehicles for China and South Korean markets, as the French automaker revives plans for the world’s biggest car market after exiting a Chinese venture last year.
President Joe Biden took a step toward his goal of slashing greenhouse gas emissions on Thursday with an executive order aimed at making half of all new vehicles sold in 2030 electric, a move made with backing from the biggest U.S. automakers.
The Czech crown and the Hungarian forint will extend gains in the coming year as their central banks hike rates to curb inflation during the post-pandemic economic recovery, a Reuters poll showed on Thursday.
German industrial orders rose more than twice as much as expected in June, driven by bookings from domestic clients for large manufacturing products, but weaker turnover suggested that supply bottlenecks continued to hold back production.
Aug 2 (Reuters) – The S&P 500 Index closed slightly
It’s a new week, a new month and time for a fresh start – but the problems niggling at markets this morning are still the same.
Factory activity in India bounced back in July as demand surged both at home and abroad, prompting companies to create new jobs for the first time since the onset of the pandemic, a private sector survey showed on Monday.
China’s factory activity expanded in July at the slowest pace in 17 months as higher raw material costs, equipment maintenance and extreme weather weighed on business activity, adding to concerns about a slowdown in the world’s second-biggest economy.
Second-quarter sales of AstraZeneca’s (AZN.L) COVID-19 vaccine more than tripled to $894 million from the first quarter, but the drugmaker on Thursday again delayed its U.S. application for approval as it gathers more data for submissions.
Samsung Electronics Co Ltd (005930.KS) on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign the global economy is getting back on track from the coronavirus pandemic.
Qualcomm Inc (QCOM.O) on Wednesday predicted a rise in sales of chips for 5G phones, including Apple Inc’s (AAPL.O)iPhone, as the company said it had mitigated supply shortfalls that have contributed to a global chip shortage.
Tesla Inc (TSLA.O) showed signs of divergent strategies in the world’s two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices steady in China and hoping to grow sales there.
Allpay.cards, a major UK card manufacturer, and Simplex, a crypto
Intel Corp (INTC.O) said on Monday its factories will start building Qualcomm Inc (QCOM.O) chips and laid out a roadmap to expand its new foundry business to catch rivals such as Taiwan Semiconductor Manufacturing Co (2330.TW) and Samsung Electronics Co Ltd (005930.KS) by 2025.
Calder Brothers Corp is under pressure to raise wages after rivals lured away some of its workers. A few others were also considering jumping ship, but co-owner Glen Calder said the South Carolina-based construction machinery company managed to persuade them to stay by promising a better career.
Tesla Inc (TSLA.O) has weathered the pandemic and supply chain crisis better than many of its rivals, achieving record deliveries last quarter. But Chief Executive Elon Musk faces pressure to deliver on breakthrough batteries and new factories and models, which are late.
German business morale fell unexpectedly in July on continuing supply chain worries and amid rising coronavirus infections, a survey showed on Monday.
Manufacturing at several of Nike’s main operations in Vietnam has
U.S. producer prices accelerated in June, leading to the largest annual increase in more than 10-1/2 years, suggesting inflation could remain high as robust demand fueled by the economy’s recovery from the COVID-19 pandemic strains the supply chain.
Singapore’s economy contracted in the second quarter after battling new outbreaks of COVID-19 but economists expect it to get back on track quickly as global growth picks up and vaccination rates rise.
The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.
The Nasdaq index reversed early declines to hit a record high on Tuesday, helped by a rise in growth-linked megacap stocks and as earnings season kicked off on a positive note, while a solid rise in consumer prices in June weighed on sentiment.
Samsung Electronics Co Ltd (005930.KS) likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.
The $8.7 billion bid battle for Britain’s fourth largest supermarket group Morrisons (MRW.L) ratcheted up on Monday when a third private equity group, Apollo Global Management, entered the fray.
Claims that Chinese solar firms are benefiting from forced labour in Xinjiang are unfounded and unfairly stigmatise firms with operations there, the country’s solar association said.
Japanese big manufacturers’ business confidence improved in the second quarter to hit a two-and-half-year high, a central bank survey showed, a sign solid global demand was helping the economy emerge from the coronavirus pandemic-induced doldrums.
Micron Technology Inc (MU.O) on Wednesday beat Wall Street estimates for quarterly profit and forecast fourth-quarter revenue above expectations, as tight supplies of memory chips and continued strong demand kept prices high.
Growth in China’s June factory activity dipped to a four-month low on higher raw material costs, a shortage of semiconductors and a COVID-19 outbreak in the major export province of Guangdong, amid wider supply chain disruptions in Asia.
The dollar hovered below a two-month high versus major counterparts on Tuesday, with traders largely sidelined ahead of a closely watched U.S. jobs report, which could sway the timing of an exit from Federal Reserve stimulus.
Asian shares edged lower on Tuesday on concerns new coronavirus outbreaks in the region could undercut an economic recovery even as robust momentum in the United States prompts the Federal Reserve to contemplate a quicker exit from accommodative policy.
French carmaker Renault (RENA.PA) said on Monday it had sealed partnerships with China’s Envision AESC and France’s Verkor to produce electric car batteries in northern France.
Asian shares got the week off to a cautious start on Monday, with Chinese markets holding steady, as a spike in coronavirus cases across the region over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs.
Volkswagen AG’s (VOWG_p.DE) Mexico unit said on Sunday it expects to restart production of three segments from next week and in July after output was curtailed by a global semiconductor chip supply crunch.
Asian shares got the week off to a cautious start on Monday as a spike in coronavirus cases across Asia over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs.
Students from developed East Asia are leading the world in math and science according to just-published results of exams delivered to 600,000
Next Friday’s U.S. employment report will allow investors to gauge whether a powerful U.S. recovery could push the Federal Reserve to start unwinding ultra-easy monetary policies sooner than expected.
Asian shares marked time on Thursday, with China nudging lower, while the U.S. dollar held below an 11-week high as investors reassessed U.S. Federal Reserve statements on inflation and looked to upcoming data for direction.
The Nasdaq climbed to a record-high close on Wednesday, fueled by a rally in Tesla Inc (TSLA.O), with investors cheering data that showed a record peak for U.S. factory activity in June.
Global companies are set to ramp up their expansion plans this year, after being bogged down in the last few years, as economies recover from the pandemic and firms start to see higher profits and cashflows.
The Nasdaq hovered near its all-time high on Wednesday, helped by a boost from Tesla shares, with investors cheering data that showed a record peak for U.S. factory activity in June.
The Nasdaq hit an all-time high on Wednesday, helped by a boost from Tesla’s shares, with investors cheering data showing U.S. factory activity climbed to a record peak in June.
Next Thursday, July 1, was supposed to be a day of celebration for Tesla: the opening of its self-styled “gigafactory” in the tranquil German municipality of Gruenheide, just outside Berlin.
Wall Street rallied on Monday, with the Dow completing its strongest session in over three months as investors piled back in to energy and other sectors expected to outperform as the economy rebounds from the pandemic.
Morrisons (MRW.L) shares surged as much as 35% on Monday on hopes that U.S. private equity firm Clayton, Dubilier & Rice (CD&R) might raise its proposed offer for the British supermarket group or flush out other bidders.
Here’s what you need to know about the coronavirus right now.
A bipartisan group of U.S. senators on Thursday proposed a 25% tax credit for investments in semiconductor manufacturing as Congress works to increase U.S. chip production.
BEIJING, June 16 (Reuters) – Growth in China’s factory output
Taiwan’s central bank will likely keep its policy rate steady at a record low this week as the economy booms on global tech demand fuelled by the work-from-home trend, despite a spike in COVID-19 cases at home, a Reuters poll showed.
A series of coronavirus outbreaks in Thai factories is raising concerns that the export sector could be hit hard, threatening to further undermine an economy as it struggles to recover from the pandemic’s crippling blow to the crucial tourism industry.
Saudi Arabia’s gross domestic product fell 3% in the first quarter, slightly less than official estimates and compared with a 1% contraction last year, as a sharp fall in the oil sector pulled back the economy, data showed.
The United States will spend $3.5 billion to buy and donate 500 million doses of the Pfizer (PFE.N) coronavirus vaccine to some of the world’s poorest countries, it said on Thursday, urging other G7 nations to follow suit.
Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets.
The United States will target China with a new “strike force” to combat unfair trade practices, the Biden administration said on Tuesday, as it rolled out findings of a review of access to critical products, from semiconductors to electric-vehicle batteries.
Apple Inc (AAPL.O) is in early-stage talks with China’s CATL (300750.SZ) and BYD (002594.SZ), about the supply of batteries for its planned electric vehicle, four people with knowledge of the matter said.
The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White House said on Tuesday.
Here’s what you need to know about the coronavirus right now.
Asian shares edged up to near three-month highs on Wednesday and global equities held steady near a record as data showing higher U.S. manufacturing activity in May cheered investors looking for signs of a continued rebound in the world’s largest economy.
Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) (TSMC) has started construction at a site in Arizona where it plans to spend $12 billion to build a computer chip factory, its chief executive said on Tuesday.
Stocks chopped around record peaks on Tuesday, while the dollar was pinned near recent lows, as markets awaited U.S. jobs data and looked ahead to crucial central bank meetings in Europe and United States for guidance on the interest rates outlook.
Here’s what you need to know about the coronavirus right now.
The S&P 500 (.SPX) dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.
U.S. manufacturing activity picked up in May as pent-up demand amid a reopening economy boosted orders, but unfinished work piled up because of shortages of raw materials and labor.
Intel Corp’s (INTC.O) CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics.
Reuters interview with Isabel Schnabel, a member of the European Central Bank’s Executive Board.
President Joe Biden pledged on Thursday toroot out anti-competitive business practices and ease construction materials shortages andtransportation backups that are causing price hikes across the country.
A series of amendments for a $190 billion U.S. Senate bill aimed at countering China’s technology challenge are in limbo after business groups protested proposals intended to ensure that none of the money finds its way to China or other U.S. rivals.
The U.S. Justice Department has launched a criminal investigation into Eli Lilly and Co (LLY.N) focused on alleged manufacturing irregularities and records tampering at a factory in Branchburg, New Jersey, that produces the pharmaceutical giant’s COVID-19 therapy and other drugs, three people familiar with the matter said.
The Biden administration’s plan to rely on ally nations for most of the metals needed to build electric vehicles ignores the complexity of modern mining and could keep the United States from meeting aggressive climate goals, according to industry executives.
Royal Dutch Shell (RDSa.L) was still evaluating plans for an idled Louisiana oil refinery, the company said on Monday, after a Baton Rouge investor said over the weekend his $1.25 billion offer was not accepted.
U.S. Commerce Secretary Gina Raimondo said on Monday a proposed $52 billion boost in U.S. government funding for semiconductor production and research could result in seven to 10 new U.S. factories.
Lordstown Motors Corp (RIDE.O) said on Monday that 2021 production of its Endurance truck will be half of prior expectations and that the electric vehicle startup needs additional capital to execute its plans, sending shares down 9.5% in after-hours trading.
Leaders of the world’s largest economies kicked off a global health summit on Friday, where drugmakers were expected to promise cut-price supplies of vaccines for poorer nations to help end the COVID-19 pandemic.
A foundry in Indiana couldn’t ship $1.6 million worth of metal parts to customers last month because it didn’t have enough workers to make them, while a Massachusetts plastics factory has outsourced nearly a quarter of its business to subcontractors to keep up with orders it otherwise couldn’t fill.
U.S. stock index futures ticked higher on Friday, extending a recovery from the previous session, as attention shifted to business surveys at the end of a volatile week of trading.
Japan’s core consumer prices fell for the ninth straight month in April as a record slump in cellphone fees offset rising energy prices, suggesting that weak demand and higher costs will weigh on a fragile economic recovery.
President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for U.S. consumers – and even got to take a new zero-emission truck out for a drive.
U.S. Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation late Tuesday to approve $52 billion to significantly boost U.S. semiconductor chip production and research over five years.
Leaders of the world’s largest economies back “voluntary licensing” of COVID-19 vaccine patents, the draft conclusions of a summit show, watering down a U.S. push for waivers and earlier commitments to supply more funds to the World Health Organization.
President Joe Biden will make the case for his $174
Asian shares rose on Tuesday, shrugging off worries about an
India total COVID-19 caseload surged past 25 million on Tuesday
The U.S Department of Defense will remove China’s Xiaomi Corp (1810.HK) from
When much of the global economy locked down last year,
India on Saturday reported its highest ever single-day COVID-19 death
To fight the pandemic at home, the United States gave
U.S. air safety officials have asked Boeing Co (BA.N) to supply fresh
Oil prices rose on Tuesday after more U.S. states eased
The dollar clung to a recent bounce on Monday as
Samsung Electronics has reported its highest first-quarter revenue since2018, owing
The German economy contracted by a greater than expected 1.7%
India’s total COVID-19 cases passed 18 million on Thursday after
Moderna Inc (MRNA.O) said on Thursday it is boosting manufacturing capacity for
Sachin Ravikumar, Nivedita Bhattacharjee, Chris Thomas Global and Indian firms
U.S. factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs as a reopening economy leads to a boom in domestic demand, which could slow momentum in the months ahead.
(Reuters) – Merck & Co Inc on Thursday said it plans a large study of what could become the first pill to target the coronavirus in people at risk of severe COVID-19, but will no longer pursue use of the experimental antiviral drug in hospitalized patients.
China’s new long-term targets, to reach peak emissions before 2030 and achieve carbon neutrality by 2060, are yet to be matched with a consistent short-term action plan.
As the SARS-CoV-2 has resurfaced and continues to rise, countries
The domestic textiles market and its entire value chain contribute
SEOUL (Reuters) -Samsung Electronics Co Ltd on Wednesday said first-quarter
The manufacturing sector in Japan is experiencing significant fall in semiconductor/chips output and affecting the automobile and electrical machinery production since the Fukushima-ken Oki earthquake (7.1-7.3 magnitude) off the East coast of Japan adding to ongoing Covid worries.
Harnessing advanced smart port technologies can enhance physical and economic resilience of “lifeline” ports in the Pacific.
(Reuters) – Governments around the world are subsidizing the construction
ZURICH (Reuters) – Roche is filling a testing portfolio gap by buying U.S.-based GenMark Diagnostics in a $1.8 billion deal that the Swiss pharmaceuticals manufacturer said taps one of the fastest-growing diagnostics areas.
(Reuters) – Shares of banks and automakers lifted European shares on Monday as investors continued to move into economy-linked sectors on hopes of a solid economic rebound from the coronavirus downturn.
While most African countries have been largely spared so far from the direct health effect of the Covid-19 pandemic, the continent’s economy has been significantly hurt by the economic consequences. This is particularly concerning given Africa’s high prevalence of extreme poverty. A new eBook from CEPR Press focuses on business and household responses to the Covid-19 crisis in Africa, as well as access to international finance, patterns in international borrowing, and country-specific experiences during the pandemic.
Solar Power System Electricity is one of the most essential
As Europe’s food and beverage industry faces growing demands for
London, UK AFSIC (www.afsic.net), now in its thirteenth year as
Adelaide is strengthening its position as one of Australia’s emerging
The global IoT sensors market was valued at USD 23.9
Impact fund, Oxano Capital, shares their insights on successful investing
Subaru of America has released its 2025 Corporate Impact Report,
As global demand for portable power stations continues to rise,
BIXOLON has expanded its industrial printing portfolio with the XT6-40
As industries accelerate efforts to reduce carbon emissions, vacuum technology
Kavi Global has been named among the WiredBusiness Rewired 100
Dajin Heavy Industry and AD Ports Group have signed a
Driven by institutional capital, technology focused investments, ESG integration, and
Growth Ensemble, a specialist growth advisory firm focused on connecting
Advanced materials company TreadStone Technologies has announced the appointment of
The global 5G enterprise private network market was valued at
The U.S. travel and hospitality industry is continuing its strong
Derby is strengthening its position as one of Europe’s most
The luxury seating brand known for transforming event spaces through
With more than US$605 million in business generated at one
Australia’s aviation and travel sector is experiencing renewed momentum as
FREELANDER enters a new global chapter, blending British heritage with
The Hong Kong based energy technology company is recognized for
The cybersecurity leader joins an elite Naples based executive network
Under the facility, enterprises that form the productive backbone of
Sydney, Australia, May 2026 — Australia’s technology and enterprise software
Teesside, United Kingdom, May 2026 — The United Kingdom’s advanced
Washington, D.C., May 2026 — The United States has intensified
HONG KONG, The Battery Show Asia celebrated the inaugural Women
Strategic move reinforces Europe as a central pillar in GenScript’s
BROOKINGS, S.D., – Bel Group today broke ground on a
Veteran jewelry industry leader brings more than 25 years of
SINGAPORE – Math Magic has unveiled Hitem3D v2.0, the latest
DUBAI, UAE – Hikvision Digital Technology has been honored with
A new manufacturing facility in Alabama will increase transformer production
The company introduces new machinery models and a global service
Weichai combines technology, training, and service initiatives to strengthen local
The global chiplet interconnect market was valued at USD 2.17
Experts from technology, policy, and research communities gather during the
Sustainability is no longer a secondary consideration for today’s entrepreneurs.
Palantir CTO Shyam Sankar warns that AI-driven manufacturing speed—not just weapons—will define U.S. defense strength, economic resilience, and geopolitical advantage
TUDOR has expanded its Ranger collection with new models featuring a “Dune white” dial and a 36mm case size,
Past Events Search Nominate Now Marksmen Daily Announces the 5th
The global AI accelerator chips market was valued at USD
New automatic tank gauging solution expands global ProGauge portfolio with
Under the theme “AI Storage for the Mobile World,” Longsys
NEW YORK, NY, UNITED STATES — Thailand is set to
BRISBANE, QUEENSLAND, AUSTRALIA — FlyOnE Pty Ltd, Australia’s leading vertically
M&D has appointed industry veteran Tom Rizzi as Chief Executive Officer effective January 1, 2026
Hanshow has appointed Philippe Brochard as Chairman of its Advisory Committee, strengthening the company’s governance framework
Otis has been selected by Transport for London to modernise and service 172 escalators across the London Underground
The UK economy contracted again in late 2025, with weaker services output fuelling expectations of an imminent Bank of England rate cut as growth momentum fades.
The global power semiconductors market for electric vehicles is set for rapid expansion, projected to grow from USD 7.9 billion in 2024 to USD 68.2 billion by 2034
IDWS 2025 returned to Jeddah with record global participation, positioning Saudi Arabia as a key driver of water sustainability and innovation through international collaboration and policy leadership.
After years of material science breakthroughs, a team proved that a rugged, sea-ready composite could withstand extreme impact—unlocking the possibility of fully 3D-printed boats built for real-world oceans.
Europe must rapidly scale cloud adoption and AI capabilities to stay competitive, according to a new Munich report estimating up to €1.2 trillion in potential economic gains
Bank of America has been named the Regional Winner for the “World’s Best SME Banks 2026,” honoring its leadership in digital innovation
Exclusivity Secured for India, South Korea, and Emerging High-Growth Markets
The 138th China Import and Export Fair (Canton Fair) highlighted
In celebration of NBC’s new hit series On Brand with
Economists say Shanghai is strengthening its role as China’s reform engine, accelerating innovation and global collaboration as the city positions itself to grow with China
IBM and Groq have partnered to accelerate agentic AI deployment, integrating GroqCloud into IBM’s watsonx Orchestrate for faster automation across key industries.
Solve Industrial Motion Group has acquired Miller Bearing Company, expanding its U.S. manufacturing capabilities and strengthening its position
The global electric motorcycle & scooters market, valued at USD 36.4 billion in 2024, is projected to reach USD 110.6 billion by 2034
Apera AI ranks #10 on Deloitte’s 2025 Technology Fast 50 list, driven by its breakthrough 4D Vision technology revolutionizing industrial robotics.
Hyundai Motor clinched Gold Awards at the 2025 Merit Awards for Corporate Social Responsibility for its impactful Hyundai Hope initiative promoting child and pedestrian safety across U.S. communities.
Strong manufacturing and tourism growth push Singapore’s GDP forecast to 2.9% for 2025, signaling renewed economic resilience amid global challenges.
Hind Rectifiers has acquired France-based BeLink Solutions to expand its global footprint and strengthen capabilities in robotics, electronics manufacturing, and R&D.
Mistral AI secures €1.7 billion in Series C funding, accelerating its mission to advance cutting-edge AI solutions across industries.
Job seekers in the U.S. confront the toughest market in years as AI disruptions, weak hiring, and rising unemployment reshape the employment landscape.
Rytexint™ PPS redefines SLS 3D printing with unmatched performance, durability, and scalability for next-generation manufacturing.
Empowering the CFO’s to Navigate the Future of Finance: Strategies,
Remote work has evolved from a temporary solution into a lasting fixture of American business, reshaping how and where companies operate.
For decades, “Made in America” wasn’t just a label. It
Eagle Americas partners with C4 Industrial to expand next-gen fiber laser solutions across six U.S. states.
Collection blends timeless craftsmanship with sustainable, contemporary design Sevensedie, renowned
AFSIC – Investing in Africa, one of the most influential
London, UK – 14th-15th October 2025 – The premier investment
Pune, 12 September 2025 – Gain Skills Business Media proudly
IT-Conductor secures European patent, reinforcing its leadership in agentless cloud-native observability and IT automation.
In a historic move to reclaim strategic control over rare
The world of work in 2025 is borderless, flexible, and built on trust and connection.
ENSER Corporation acquires LiftTrac to expand innovative lifting solutions for manufacturing and industrial sectors.
AI risks take center stage as 75% of S&P 500 firms flag concerns in SEC filings, revealing a cautious corporate outlook on artificial intelligence.
Despite rising tariffs, Asia’s top automakers remain committed to the U.S. market, viewing it as a critical arena for growth.
BMW’s $1.7 billion South Carolina investment underscores its commitment to American manufacturing
Kristina Ivanchenko, IEEE Senior Member, lends her multidisciplinary expertise to evaluate innovations in AI, aerospace, and sustainability at UA Tech Vancouver 2025.
CBMM partners with the University of Birmingham to pioneer niobium-based carbon recycling for greener steelmaking and industrial decarbonization.
Technologies are reshaping the future, as cutting-edge technology transforms healthcare, mobility, energy, and everyday life
ESG is redefining corporate responsibility as companies lead with transparency, innovation, and measurable impact.
FSD Uganda, a valued sponsor at AFSIC – Investing in
SBA launches ‘Made in America’ push in Texas—$10M loans, onshoring portal, and deregulation aim to supercharge small U.S. manufacturers nationwide.
Nissan may shift Sentra production to the U.S. to dodge Trump’s tariffs, reshaping the budget car market and raising stakes for price-conscious buyers.
Lupin partners with SteinCares to launch its Ranibizumab biosimilar in Latin America, aiming to boost access to affordable retinal care therapies.
The “Made in America” label doesn’t always mean 100% U.S.-made. Learn what it really means—and why it matters to smart, conscious consumers.
Modine projects 30%+ data center growth in FY26, driven by soaring North American demand, capacity expansion, and strong Climate Solutions momentum.
The SBA’s new “Make Onshoring Great Again Portal” connects small businesses to over 1 million U.S. suppliers, boosting domestic manufacturing and job creation.
IFS has unveiled a new Accelerator program designed to help SAP users transition smoothly to the IFS Cloud platform.
The U.S. economy shrank 0.3% in Q1—masked by panic stockpiling before tariffs. Without it, the downturn could’ve been much worse. Trouble may lie ahead.
Ohio and Kentucky rank among the worst U.S. states in a new report, citing poor health care, education, and economic opportunity as key issues.
Hershey beats profit forecasts despite a sales dip, driven by strong salty snack demand, smart pricing, and cost control amid rising cocoa and tariff costs.
Fortune and Accenture have announced the 2025 Brainstorm AI conference series, returning to London, Singapore, and San Francisco. Under the theme “The Age of Intelligence,” the events will gather global AI leaders for bold discussions and strategic insights.
Making iPhones in the U.S. could hike prices up to 90%, says Bank of America. Tariffs and labor costs may push a $1,200 iPhone to nearly $2,300.
Nvidia, a U.S.-based tech company, revolutionizes AI and advanced computing with powerful GPUs, data centers, and the Omniverse—shaping the future of technology.
Reindustrializing America is a vital goal, but tariffs alone won’t cut it. Real change demands workforce revival and corporate reform.
Mercedes-Benz creates a North America CEO role to boost US market engagement. Jason Hoff takes charge, overseeing strategy amid shifting trade policies.
Catalyx appoints Sigmund Aaro as Senior VP to drive North American growth, leveraging his 25+ years of expertise in automation, AI, and digital transformation.
Tariffs under Trump’s “America First” policies are weakening U.S. economic dominance, slowing growth, and shifting market momentum toward Europe and China.
TVA (Tennessee Valley Authority) and Type One Energy have partnered to advance fusion power development for a sustainable future.
Trump increases the tariffs on steel and aluminum, which lead to trade concerns
Tata Electronics expands in North America, hiring top talent and strengthening its position in Apple’s supply chain while eyeing growth beyond iPhones.
Party City has entered an agreement to sell its brand and Amscan assets to an Ad Populum affiliate, aiming to streamline operations and strengthen its market position.
America’s manufacturing revival in 2025 could boost the S&P 500, fueled by policy support, reshoring, and signs of industrial growth, says BofA.
Wall Street has started their first session of 2025 with a declining trend, and Tesla impacted the market
Wall Street soared as tech stocks led the charge, driving both the S&P 500 and NASDAQ to close at elevated levels, buoyed by renewed investor optimism.
Argentina cuts its benchmark interest rate to 32%, signaling progress against inflation but raising concerns over rising poverty and economic challenges.
In October the U.S. job openings rose while the layoffs hit a record low, indicating a labor market cool down
The dollar witnessed a sharp rise in spite of uncertainty over the rate cuts and increasing tariff tensions
A holiday-shortened week brings key market events, with the Fed’s inflation gauge, corporate earnings, and Bitcoin’s surge in focus amid economic updates
Treasury yields declined as investors looked for U.S. economic conditions, rising concerns over the growth and future rate of interest
China gains ground as the U.S. adopts isolationist policies under Trump, creating opportunities in trade, diplomacy, and global influence.
The digital rupee, India’s CBDC, offers a secure, cost-efficient alternative to cash, ensuring transparency, faster transactions, and global competitiveness in digital finance.
The American Dream feels distant for many, as income gaps widen and opportunity slips away. Economic dissatisfaction drives voters toward promised change
The Dow closed above 44,000 for the first time, while the S&P 500 hit a new high, as Bitcoin surged. Traders await inflation data amid mixed tech stock trends.
A venture capital firm, Capmont Technology, raises a huge amount of 100 million euros in support of B2B businesses in regions like Europe and the US.
The 2024 presidential campaign has highlighted massive contributions from oil
A Trump win could reshape US economic policies, with plans for heavy tariffs, tax cuts, energy reforms, and stricter immigration, impacting global alliances.
Nippon Steel’s buyout of U.S. Steel could save the struggling giant, despite political opposition, by injecting much-needed capital and ensuring its future.
US consumer spending surged 0.4% in September, fueling economic growth. Retail sales rose across most sectors, signaling resilience despite inflation and high rates.
Luxembourg and the USA both offer unique expat experiences. While Luxembourg boasts quality of life and stability, the USA shines in diversity and opportunity.
The U.S. manufacturing sector faces major hurdles despite political promises, with global competition, high labor costs, and uncertain demand slowing progress.
Fed’s Goolsbee warns of a potential recession as inflation slows and unemployment rises. Job growth falters; Fed’s rate cuts may or may not stabilize the economy
The 2024 election pits Kamala Harris against Donald Trump, with stark contrasts on key issues like foreign policy, immigration, and the economy.
As the US Fed hints at rate cuts, India’s market faces high valuations and cautious growth. Diversify investments wisely to navigate economic shifts.
The Inflation Reduction Act has ignited a quiet industrial revolution in the U.S., driving historic investments in clean energy and sustainable manufacturing.
Manufacturing businesses operate in a highly competitive environment where managing
Big Tech earnings, a Fed meeting, and the July jobs report will steer the market this week, with key events likely to influence stock directions.
The circular economy emphasizes the continuous use of resources through recycling, reusing, and remanufacturing
The E.P.A. is taking steps to regulate vinyl chloride, a hazardous chemical used in PVC production, following health and safety concerns from recent incidents.
Economic recessions present significant challenges for businesses, affecting revenues, cash
The Biden administration plans to phase out single-use plastics in federal operations by 2035, aiming to curb plastic pollution and promote sustainable alternatives.
Britain’s new coal mine approval faces legal and environmental backlash, questioning its impact on global climate leadership and domestic emission goals.
California’s groundbreaking plan for offshore wind farms aims to transform energy with towering turbines in deep ocean waters, pioneering clean power
Commercial real estate investment can be a rewarding
Discover how America can lead in combating climate change through innovation, community engagement, and environmental stewardship
New York leads the way in energy-efficiency rebates under the Inflation Reduction Act, with up to $24,000 in incentives for homeowners. More states to follow soon.
A global UNEP study reveals persistent organic pollutants (POPs) in over 900 samples from 42 countries, highlighting ongoing contamination and regulatory challenges in the environment
Stocks surged last week, driven by lower-than-expected inflation data. The Nasdaq rose over 3%, and the S&P 500 reached record highs, while the Dow slipped by 0.7%
America’s plastic crisis: 40M tons waste yearly, 91% not recycled. Seeking sustainable solutions amid global bans and growing environmental concerns
India’s exports to China, UAE, Russia, and Singapore rose in 2023-24, reaching USD 776.68 billion. Production incentives boosted key sectors like electronics
Institutions like OCP AFRICA and Bank of Africa exemplify Morocco’s commitment to agricultural development and financial inclusion across the continent. Through initiatives like South-South cooperation, Moroccan companies share their expertise to support African countries in various sectors, promoting inclusive growth and mutual prosperity.
Salalah Free Zone has inked five new investment deals worth RO44mn, involving investors from Kuwait, Iraq, Jordan, and Hong Kong. The agreements span various sectors, including paper tissues, air conditioning devices, blood sugar test strips, frankincense derivatives, and potash fertilizers.
In a pioneering move, Oman, Etihad Rail Company, and Al Jazeera Steel have forged a transformative alliance to revolutionize logistics in the region. The Memorandum of Understanding emphasizes efficiency and sustainability in transporting raw materials and goods, leveraging the UAE-Oman Rail Network.
In a nuanced economic landscape, PwC’s 2024 forecast offers a beacon of hope for the UK, anticipating an upturn from the challenges of the post-pandemic era. Despite a dip in M&A activity in 2023, the projection outlines a positive shift with improvements in household finances, real incomes, and regional growth. The corporate sector, however, faces a potential rise in insolvencies, particularly affecting smaller businesses. Global defense orders surge amidst geopolitical tensions, adding a layer of complexity to economic predictions. Market dynamics, including a strengthened pound and energy price fluctuations, further contribute to the intricate economic tapestry awaiting the UK in the upcoming year.
Invest in Africa Summit is one of the most important
In Q3 2023, Oman’s economy displayed resilience with a 2.2% growth in real GDP, marking a positive rebound from a slight contraction earlier in the year. The non-hydrocarbon sector played a pivotal role, growing at a commendable rate of 3.9%, offsetting a 0.9% dip in hydrocarbon GDP. Notably, the services sector emerged as a key driver, showcasing a robust 6.5% growth during this period. While challenges in the hydrocarbon industry persist, international entities like the IMF express confidence in Oman’s economic recovery, citing favorable oil prices and ongoing reform efforts. As Oman navigates this economic landscape, a nuanced approach to diversification and global oil dynamics remains crucial.
Sohar Port and Freezone exceptional growth, surpassing $27 billion in investments over two decades, cements its position as a vital force in Oman’s economic development. With an annual contribution of 2.1% to Oman’s GDP, the industrial complex has become a linchpin in the nation’s trade dynamics, representing 45% of the total trade exchange. The port’s recent achievements, including a 13% increase in liquid bulk volume and a rise in ship calls, underscore its operational prowess and efficiency. The formation of the SOHAR Net-Zero Alliance further positions Sohar Port and Freezone as pioneers in driving sustainability and carbon neutrality in Oman. As new investments flow in and agreements are signed, the port continues to play a pivotal role in shaping Oman’s economic future.
In the complex realm of international diplomacy, India’s abstention from a UN vote on the Israel-Hamas conflict sparks nuanced discussions. Jordan’s envoy, Mohamed Salam Jameel A.F. El-Kayed, highlights the respect for sovereign decisions, acknowledging India’s evolving role as an “emerging power” capable of contributing to conflict resolution. Amidst the diplomatic discourse, Jordan’s proactive humanitarian aid efforts and condemnation of Israeli bombardment underscore its commitment to alleviating the crisis. The recent IDF strike targeting a key figure in Hamas’s weapons manufacturing adds a layer of complexity to the unfolding events. As nations grapple with their roles, the hope for a peaceful resolution remains central in addressing the urgent humanitarian concerns in Gaza.
Safecom Mobile and Durabook have joined forces, creating a dynamic collaboration that capitalises on their unique strengths. This strategic alliance is positioned to meet the growing demand for rugged tablets and laptops in Southeast Asia, encompassing Singapore, Malaysia, Thailand, Brunei, Indonesia, and the Philippines. With a strong focus on quality, responsive technical support, and proactive sales services, Durabook’s products are poised for expansion through Safecom Mobile’s expertise.
The Canadian economy’s recent performance paints a sobering picture, with stagnant GDP figures in August and a looming threat of recession in the third quarter. These challenges have arisen in the wake of the Bank of Canada’s decision to maintain interest rates, a reflection of the economic slowdown. While high inflation and forest fires have played a role in this predicament, the unexpected nature of this economic struggle has caught many by surprise. It remains to be seen how the central bank will navigate these turbulent waters, with market sentiments signaling increased uncertainty about Canada’s economic future.
In a delicate economic balancing act, the Bank of England faces a pivotal decision on interest rates. The prevailing debate centers on whether to raise the Bank Rate to 5.5% or keep it at the current 5.25%. However, this discussion may be misdirected. The critical question at hand should be whether a cut to 5% or maintaining the status quo is the more reasonable course of action. This article presents a compelling case for an interest rate cut in a bid to counterbalance the challenges posed by inflation while averting the looming risk of an economic recession.
The First Duqm Economic Forum has concluded, leaving a remarkable impact on Oman’s economic vision. It highlighted the pivotal role of the Special Economic Zone at Duqm (SEZAD) in fostering renewable energy, green manufacturing, and global trade. Duqm is pioneering the nation’s journey toward a green economy by utilizing solar and wind-generated energy. The forum showcased Oman’s potential as a future renewable energy superpower, with a special focus on a green steel industry cluster. Young entrepreneurs also took center stage, reflecting the nation’s innovative spirit and ambition. This forum marks a significant step towards Oman’s sustainable and prosperous future.
Amidst a backdrop of economic complexities, the United Kingdom’s business landscape is witnessing an unexpected surge in confidence. Despite inflationary concerns and the trajectory of interest rate adjustments, British companies exhibit their highest optimism levels since a pivotal juncture preceding geopolitical tensions. The interplay between rising positivity, evolving wage dynamics, and pricing sentiments showcases the multifaceted nature of the business environment. As the nation treads the delicate balance between economic stability and inflation management, the resilience of UK businesses shines through, shaping a narrative of adaptability and growth. A collaborative approach between stakeholders will be instrumental in steering the nation’s economic course through these shifts.
The potential of AI to drive innovation, economic growth, and
The CALABARZON region in the Philippines is experiencing robust real estate growth driven by commercial investments and increased property leads. Provinces like Cavite and Batangas are gaining popularity for agri-tourism and farm villa rentals. CALABARZON’s proximity to Metro Manila makes it a hotspot for various property types, including technoparks and commercial establishments. Lamudi’s property awards in Luzon saw a 50% increase in nominated projects, reflecting the region’s real estate boom. The Outlook: Philippine Real Estate Awards 2023, set for September 21, will celebrate outstanding developments and feature industry discussions.
Malaysia’s proactive approach to attracting global investors in the midst of shifting supply chains reflects a keen understanding of evolving economic dynamics. With multinational companies increasingly diversifying their production hubs in Asia, Malaysia’s strategic positioning couldn’t be more timely. Minister Tengku Zafrul’s emphasis on leveraging this trend underscores the nation’s commitment to economic growth. The comprehensive Halal Industry Master Plan 2030 and the New Industrial Master Plan 2030 serve as cornerstones for nurturing talent, enhancing competitiveness, and embracing sustainability principles in the halal industry. Malaysia’s remarkable 64% growth in halal exports in 2022 showcases the industry’s resilience and its pivotal role in the nation’s economic landscape.
Oman’s financial landscape is primed for positive shifts, as indicated by the Central Bank of Oman’s Credit Conditions Survey. Forecasts for 2023 highlight increased credit demand across households, corporates, and SMEs, underpinned by a potential surge in lending growth. The survey echoes a robust appetite for corporate credit, especially in sectors like services, manufacturing, and transportation. Additionally, the SME sector is expected to thrive, reflecting the government’s commitment to entrepreneurial support. Overall, Oman’s banking realm seems poised for a buoyant trajectory in the year ahead.
Germany once hailed as an economic powerhouse, now finds itself at a crossroads. Business leaders and experts are sounding the alarm as the nation grapples with a weakening economy and the challenges of transitioning to green energy. Soaring inflation, sluggish export markets, and high energy costs loom over Germany’s economic landscape, raising concerns about its future. Amid these difficulties, Chancellor Olaf Scholz envisions a new era of economic growth through the transition to renewable energy. However, skepticism remains as experts question the immediate benefits and exorbitant costs associated with this green revolution. Germany must confront its structural weaknesses, such as bureaucracy and an ageing population while addressing industry concerns and shifting dynamics. The road ahead may be challenging, but Germany’s resilience and adaptability will determine its success in securing a prosperous future.
Singapore’s economic slowdown and declining job market have raised concerns among non-resident Indians (NRIs) residing in the city-state. As the country faces challenges such as a contraction in the economy and declining exports, NRIs may find it more challenging to secure employment opportunities. However, amidst these difficulties, there are also opportunities to be found. Sectors like information and communication technologies and financial services continue to show resilience, indicating potential skill-specific job openings. To navigate this changing landscape, NRIs should focus on adapting their skills, networking, and staying updated with industry trends. By doing so, they can position themselves to overcome challenges and contribute meaningfully to Singapore’s economy.
The 12th edition of The Annual Investment Meeting (AIM) hosted the China Top 50 Unicorns. The event took place at the Innovation and Technology Track located at the Abu Dhabi National Exhibition Centre, and brought together investors, startups, and innovators from the UAE and China.
The United Nations World Tourism Organization (UNWTO) has announced their commitment to sustainable growth through the power of government and investment in the tourism industry. In the same context, they hosted a forum at the 12th edition of Annual Investment Meeting that focused on Investing in People – Investing in Planet – Investing in Prosperity’.
The Entrepreneurs Investment Summit opened its doors to industry leaders and experts from around the world to discuss new strategies and opportunities for investment. Held at the 12th edition of the The Annual Investment Meeting (AIM), which took place at the Entrepreneurs Room located at the Abu Dhabi National Exhibition Centre, The Summit witnessed a range of distinguished speakers who shared their thoughts and insights on the subject.
China is all set to build its first hyperloop train line between Shanghai and Hangzhou, according to the nation’s top engineering and rail design institutes.
The Singapore headquartered consumer electronics major Dyson on Wednesday announced that it will be building new manufacturing facilities and technological hubs at Tuas in region Singapore, the Philippines, and the UK as part of its ongoing five-year $3.4 billion global investment plan for the development of its software and AI capabilities.
Electric car sales are expected to continue strongly through 2023 and more than 2.3 million electric cars were sold in the first quarter, about 25% more than in the same period last year, International Energy Agency (IEA) said on Wednesday.
A chip industry group is warning that if U.S. allies do not adopt curbs on semiconductor manufacturing equipment to China that are comparable to U.S. controls, they will not be effective.
Dutch and U.S. officials will meet in Washington on Friday to discuss potential new controls on exporting semiconductor manufacturing gear to China, with a deal possible by the end of the month, according to two sources familiar with the matter.
Oil rebounded on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a U.S. fuel pipeline providing support, though economic concerns capped gains.
Tesla Inc’s China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters.
China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self sufficiency in chips and to counter U.S. moves aimed at slowing its technological advances.
The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors and LG Energy Solution to help pay for three new lithium-ion battery cell manufacturing facilities.
Taiwan’s economy minister said on Wednesday that the island remains chipmaker TSMC’s most important production base after the company announced it would more than triple planned investment at its new Arizona plant to $40 billion.
Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) on Thursday reported a 34.7% rise in third-quarter revenue and lifted its capital expenditure plan, but missed estimates and warned investors about the impact of export controls from the U.S.
TSMC, the world’s largest contract chipmaker and a major supplier to Apple Inc, said on Wednesday it was constructing a building that could serve as its second chip factory in Arizona in the United States.
U.S. export restrictions on chip equipment to China are likely to lead to its “Sputnik” moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course even if it may not succeed commercially in the longer term, experts said.
U.S. chip toolmaker KLA Corp will cease offering some supplies and services from Wednesday to China-based customers including South Korea’s SK Hynix in compliance with recent U.S. regulations, a source familiar with the situation said on Tuesday.
Shares in Chinese tech giants Alibaba Group (9988.HK) and Tencent (0700.HK) as well as in chipmakers slumped on Monday, as investors were spooked by new U.S. export control measures aimed at slowing Beijing’s technological and military advances.
Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain, sources told Reuters, an unprecedented move that could ease access to one of the world’s most protected automobile markets.
The Biden administration plans to spare SK Hynix and Samsung from the brunt of new restrictions on memory chipmakers in China aimed at thwarting Beijing’s technological ambitions and blocking its military advances, sources said.
Apple shares dipped roughly 3% on Wednesday after it was
Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised their costs and forced many to cut their balance sheet risks, five banking and private sector sources told Reuters.
The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said.
Japan’s services sector activity shrank for the first time in five months in August as a resurgence of COVID-19 infections hurt demand, a business survey showed.
China has entrusted a defence-focussed state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of a deal to offset Caracas’ billions of dollars of debt to Beijing, according to three sources and tanker tracking data.
Apple Inc (AAPL.O) plans to start making the iPhone 14 in India about two months after its release out of China, in a move that will narrow the gap from the typical six to nine months for previous launches, Bloomberg News reported on Tuesday.
European shares slipped on Tuesday as investors fretted about soaring energy prices and a weak economic outlook after data showed business activity in the region contracted this month.
South Korea is expected to attend a preliminary meeting for a U.S.-led group of major microchip manufacturers including Taiwan and Japan, South Korea’s foreign minister said on Thursday.
China’s EVE Energy Co Ltd (300014.SZ) will supply BMW (BMWG.DE) with large cylindrical batteries for its electric cars in Europe, two people with knowledge of the matter said, as the German automaker follows Tesla Inc (TSLA.O) in adopting the new technology.
Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple with rising inventory amid a global fall in consumer spending.
Export restrictions being considered by Washington to halt China’s advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains – and hurting U.S. businesses.
Factories across Asia and Europe struggled for momentum in July as flagging global demand and China’s strict COVID-19 restrictions slowed production, surveys showed on Monday, likely adding to fears of economies sliding into recession.
The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China’s semiconductor sector advances and protect U.S. companies.
Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply adjustments.
Welbilt’s exposure to the U.S. fast-food market will make new Italian owner Ali Group more resilient in a slowing global economy, while the deal will bring $100 million in cost savings, the chief executive of the catering equipment company told Reuters.
Japan’s government on Tuesday said it will provide as much as 92.9 billion yen ($680 million) to Kioxia Holdings and Western Digital Corp (WDC.O) to help them boost production and ensure a stable supply of memory chips in Japan.
U.S. chipmaker Intel Corp (INTC.O) said on Monday it will produce chips for Taiwan’s MediaTek Inc (2454.TW), one of the world’s largest chip design firms.
The global economy looks increasingly likely to be heading into a serious slowdown, just as central banks aggressively reverse ultra-loose monetary policy adopted during the pandemic to support growth, data showed on Friday.
Entrepreneurs are the key players in any country’s ability to
Several U.S. semiconductor firms are deliberating whether to oppose a package of chip industry subsidies if the final language of the legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel Corp (INTC.O), sources familiar with the matter told Reuters.
Taiwan’s TSMC (2330.TW) forecast revenue growth that could be the highest in 10 quarters, saying it was “highly confident” about its long-term prospects and touted demand for high-tech chips used in data centres and electric vehicles.
The UK’s Secretary of State for Transport, Grant Shapps, has visited manufacturer Silver Fox, to highlight the ongoing work of the rail sector in generating employment, skills and prosperity in difficult economic times.
Top liquefied natural gas exporter Australia is in the depths of a power crunch just as traditional buyers are scrambling to meet shortfalls of Russian gas and winter takes hold Down Under.
India’s top steelmaker Tata Steel (TISC.NS) imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing business with Russia.
When prices fall, it is usually regarded as a positive
Inflation is a widely used economic term. Nations have been pushed into long durations
The term “emerging markets” pertains to a financial system that has experienced significant economic development and has some, but not all, of the features of an advanced economy
Retail giant Walmart Inc (WMT.N) on Wednesday said it was expanding transportation pilots with manufacturers of electric, hydrogen and natural gas-powered vehicles, including Cummins Inc (CMI.N) and Daimler Truck’s (DTGGe.DE) Freightliner.
President Joe Biden will declare a 24-month tariff exemption on Monday for solar panels from four Southeast Asian nations after an investigation froze imports and stalled projects in the United States, sources familiar with the matter told Reuters.
Denso Corp (6902.T), Japan’s largest auto supplier, was bullish about its prospects in a business presentation on Wednesday as demand for automotive chips expands and it tackles semiconductor shortages that have frustrated Toyota Motor Corp (7203.T), its biggest shareholder and customer.
Shares slid worldwide on Tuesday as fears about weak earnings and slowing growth punctured the recent mini-rally, while hawkish remarks from European Central Bank Chief Christine Lagarde reminded edgy markets that rate hikes loom.
German big business is drafting a plan to use an auction system to help ration available supplies in the event Russia cuts off its gas, although some fear it could punish smaller firms.
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said.
Following the vast Covid-19 incident, the global economy is returning
Tesla Inc (TSLA.O) has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
Chinese smartphone giant Xiaomi Corp (1810.HK) faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices.
Hyundai Motor Co (005380.KS) plans to build a new electric-vehicle manufacturing plant in the United States and has held discussions with officials in Georgia, near existing plants for the Hyundai and Kia (000270.KS) brands, people with knowledge of its plans told Reuters.
The economy is one of those topics that piques the
To make its first electric vehicle for the consumer market, India’s Tata Motors Ltd (TAMO.NS) repurposed an unused shop floor at its flagship plant. Here, there’s no fancy assembly line – Nexon SUV bodies designed for gasoline models are wired and fitted with battery packs by hand.
The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike.
It is said that education has the power to transform
Oil prices slipped in volatile trading on Tuesday as investors weighed demand concerns against tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a COVID-19 shutdown.
One of the most fundamental components of a country is
ADP reports that private payrolls increased by 455,000 in March,
SpaceX has ended production of new Crew Dragon astronaut capsules, a company executive told Reuters, as Elon Musk’s space transportation company heaps resources on its next-generation spaceship program.
Nvidia Corp (NVDA.O) is interested in exploring using Intel Corp (INTC.O) for manufacturing its chips, Chief Executive Officer Jensen Huang said on a call with reporters on Wednesday.
Japan’s Renesas Electronics Corp, Murata Manufacturing Co Ltd, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country’s northeast, the latest blow to the global supply chain.
Last month Tesla fired an Autopilot employee. He was fired
The crisis in Russia-Ukraine continues to dominate the market. Investors
More than 100 United Nations member states will convene this month to draw up a blueprint for the first-ever global agreement to tackle plastic pollution. The U.N. says it could be the most important environmental pact since the Paris Agreement climate deal in 2015.
Kyndryl (KD.N), the former infrastructure services business of IBM (IBM.N), signed a deal with Nokia (NOKIA.HE) to help automate factories by bringing in cloud computing and artificial intelligence over wireless networks.
A measure of U.S. manufacturing activity fell to a 14-month low in January amid an outbreak of COVID-19 cases, supporting the view that economic growth lost steam at the start of the year.
Japan’s Panasonic Corp (6752.T) on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw materials, component shortages and a drop in domestic sales for appliances.
Japan’s factory output shrank for the first time in three months in December as a decline in machinery production outweighed a small rise in autos, casting a cloud over the strength of the economic recovery.
Stocks staged a modest rebound on Monday as traders put aside concerns about inflation and the crisis in Ukraine to dip back in, but global equities are still headed for their worst January since 2016 after a bruising month for riskier assets.
Ford Motor Co (F.N) Chief Executive Jim Farley won applause from Wall Street by increasing the production target for the automaker’s electric F-150 to 150,000 a year, more than three times the original number.
Foreign investors are piling into China at the start of 2022, seeing it as a haven from the inflation, growth and pandemic problems plaguing most other markets.
In the United States, an omicron outbreak is causing supply
South Korea’s economy expanded at the fastest pace in 11 years in 2021 helped by a jump in exports and construction activity, tempering declines in capital investment and a slow recovery in the coronavirus-hit service sectors.
Activist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday.
Renault SA (RENA.PA), Nissan Motor Co and Mitsubishi Motors Corp (7211.T) plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters.
Microchip design software maker Cadence Design Systems Inc (CDNS.O) is betting on growth from automakers and other chip users strapped by global supply shortages who face mounting competition from rivals such as Tesla Inc (TSLA.O) and Apple Inc (AAPL.O) that design their own chips.
Indonesia’s trade surplus narrowed more than expected in December to $1.02 billion, the lowest in 20 months, as a surge in exports driven by commodities slowedand imports hit a record high, official data showed on Monday.
The German economy failed to return to its pre-pandemic size in 2021 as microchip shortages hit production in the car industry and further COVID-19 restrictions slowed down the recovery of Europe’s largest economy, data showed on Friday.
Japan called for greater collaboration with Taiwan on semiconductors at a bilateral economic and trade meeting on Tuesday.
Personalized smart guns, which can be fired only by verified users, may finally become available to U.S. consumers after two decades of questions about reliability and concerns they will usher in a new wave of government regulation.
Apple Inc (AAPL.O) supplier Foxconn (2317.TW) will reopen an iPhone manufacturing facility in southern India on Wednesday, government officials and a legislator in the region where the plant is located told Reuters.
Vietnam’s VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year.
Impact of Omicron on Manufacturers and Suppliers.
Asia’s factory activity grew in December as companies took rising global cases of the new Omicron coronavirus variant in stride, though persistent supply constraints and rising input costs clouded the outlook for some economies.
Malaysia’s government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country’s economy, or face risks to its export-reliant growth model, experts warn.
Geely Holding and France’s Renault are likely to soon announce a deal to jointly produce the Chinese automaker’s hybrid vehicles in South Korea and look at possibly exporting cars duty-free to the United States, three people familiar with the matter said.
Growth in German private sector activity evaporated in December as restrictions to break an aggressive fourth wave of coronavirus infections hit the services sector in Europe’s largest economy, a survey showed on Thursday.
Chinese authorities are scrutinising the assets of China Evergrande Group (3333.HK) and its wealthy chairman Hui Ka Yan but expect no fire sale for now at the world’s most indebted property developer, two sources with direct knowledge of the matter said.
A German supplier of chemicals and materials used in making semiconductors said on Tuesday that it is investing $1 billion in its U.S. operations and forming a joint venture with data analytics firm Palantir Technologies (PLTR.N) to solve chip industry supply chain problems.
Samsung Electronics Co Ltd (005930.KS) will merge its mobile and consumer electronics divisions, the firm said on Tuesday, naming new co-chief executives in the biggest reshuffle since 2017 to simplify its structure and focus on the logic chip business.
Toyota Motor Corp (7203.T) will launch an all-electric small sedan in China late next year, having turned to local partner BYD (002594.SZ) for key technology to finally make an affordable yet roomy runaround, four sources told Reuters.
As the Trump administration debated whether to declare COVID-19 a national emergency early last year, a little-known U.S. health office issued a public plea to Big Pharma.
Manufacturing growth in the euro zone accelerated slightly last month but supply chain bottlenecks worsened, putting a cap on output and driving the cost of raw materials up at the fastest rate in over two decades, a survey showed.
Asian factory activity grew in November as crippling supply bottlenecks eased, but rising input costs and renewed weakness in China dampened the region’s prospects for an early, sustained recovery from pandemic paralysis.
A surge in coronavirus infections in Germany is weighing on consumer morale in Europe’s largest economy, dampening business prospects in the Christmas shopping season and threatening to kick away its last remaining pillar of growth.
Taiwan is looking at cooperating with three Eastern European countries on semiconductors, a minister said on Thursday, a move likely to find favour in Brussels which has been courting Taiwanese semiconductor firms to manufacture in the bloc.
High-tech home appliance maker Dyson Ltd told Reuters it had cut ties with supplier ATA IMS Bhd (ATAI.KL) following an audit of the Malaysian company’s labour practices and allegations by a whistleblower, sending ATA shares plunging.
Global shipping and supply chain bottlenecks are encouraging Canadian firms to bring production back home, but some companies would have to absorb higher costs and build expertise in certain sectors for local manufacturing to pick up pace.
South Korean tech giant Samsung Electronics Co Ltd (005930.KS) said on Tuesday it had not made a final decision on the location of a new $17 billion chip plant in the United States, after the Wall Street Journal reported it would be Taylor, Texas.
Chip designer MediaTek Inc (2454.TW) on Thursday released a new 5G smartphone chip that it hopes will be used in premium-priced Android smartphones, a market Qualcomm Inc (QCOM.O) currently dominates.
Sony Group (6758.T) on Tuesday said it will invest about $500 million in a joint venture with Taiwan Semiconductor Manufacturing Co’s (2330.TW) (TSMC) that will build a $7 billion chip plant in Japan.
Global COVID-19 cases surpassed 250 million on Monday as some countries in eastern Europe experience record outbreaks, even as the Delta variant surge eases and many countries resume trade and tourism.
Australian iron ore magnate Andrew Forrest wants to turn his company, Fortescue Metals Group Ltd (FMG.AX), into the world’s biggest green energy group, but critics say his targets are a stretch even for a man who built the world’s fourth-largest iron ore producer from scratch in just over a decade.
Apple, Amazon, Microsoft, Alphabet… and Tesla. We now have a trillion-dollar EV firm whose 10% surge on Monday lifted Wall Street to new record highs — electric vehicles going mainstream is perhaps encouraging news ahead of the COP26 environment summit.
When a Swedish court ordered the country’s biggest cement maker to stop mining limestone by its huge factory on the windswept island of Gotland to prevent pollution, ecologists cheered.
On Friday, Samsung Electronics Co Ltd reported a 28% increase
QINZHOU, China, Oct 7 (Reuters) – U.S. remote-control maker Universal
LONDON, Oct 5 (Reuters) – Business growth across Europe remained
Diageo Plc (DGE.L), a leading global beverage alcohol manufacturer, announced
BERLIN, Sept 28 (Reuters) – The mood among German consumers
As Mexico aims to boost its manufacturing of semiconductors, it may build production facilities in its southern states, where much-needed water is available, according to Economy Minister Tatiana Clouthier.
akeda Pharmaceutical Co (4502.T), which distributes Moderna Inc’s (MRNA.O) COVID-19 shots in Japan, expects vaccines to become a bigger part of its portfolio as shots for dengue fever and COVID-19 near regulatory approval, its chief executive said.
The biennial Internationale-Automobil-Ausstellung, or International Motor Show, in Germany, begins
Covid 19 has put the entire world in a difficult
Asian share markets were in a cautious mood on Thursday as concerns grew over the Chinese economy after a run of soft data, while the risk of a sub par U.S. payrolls report kept the dollar on the defensive.
Euro zone manufacturing growth remained strong in August but supply chain issues caused by the coronavirus pandemic continued to constrain supplies of the raw materials factories need, driving up prices, a survey showed on Wednesday.
Canada’s Conservatives hammered Liberal Prime Minister Justin Trudeau on Tuesday after data showed that the country’s economy unexpectedly shrank in the second quarter and again in July, putting the economy at the center of debate three weeks ahead of a national election.
After U.S. Federal Reserve Chairman Jerome Powell struck a more
Japan’s industrial output shrank in July as car production took a hit from a coronavirus resurgence in Asia that has cast doubt over the recovery in the world’s third-largest economy.
China’s businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likelihood of more near-term policy support to boost growth.
From Fed boss Jerome Powell on Friday to the Cleveland Fed’s Loretta Mester on Monday, the doves have been out in force, sending the dollar to two-week lows, Treasury yields below 1.3% and putting the S&P 500 (.SPX) on track for its longest monthly winning streak since 2018.
Oil slipped on Tuesday as OPEC and allies geared up for a meeting on Wednesday amid calls from the United States to pump more crude, although Brent still traded well above $70 per barrel.
India’s economy likely rebounded in the April-June quarter from a deep slump last year helped by improved manufacturing and in spite of a devastating second wave of COVID-19 cases.
Euro zone economic sentiment has eased more than expected in August from a record high in July, hit by a sharp drop in optimism in France and the Netherlands, while selling price expectations in industry peaked, signalling inflationary pressure.
Asian shares perked up and the dollar fell to two-week lows on Monday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone at the central bank’s long-awaited symposium, although investors remained cautious about prospects in China.
Stock markets are heading into September near record highs but the fast-spreading Delta coronavirus variant is making some investors reassess how so-called reflation trades could perform in coming months.
Synopsys Inc (SNPS.O) said on Monday one of its customers used artificial intelligence software to get a 26% gain in the power efficiency of a computer chip, a leap that usually has to wait for a new generation of chip manufacturing technology.
TOKYO, Aug 23 (Reuters) – Japan’s factory activity growth slowed in August, while that of the services sector shrank at the fastest pace since May last year, highlighting the increasingly heavy toll a recent wave of COVID-19 infections is taking on the economy.
Activity in Germany’s manufacturing and services sectors expanded in August, a survey showed on Monday, pointing to recovering employment levels, strong demand and a rosier business outlook even though the pace of growth fell slightly.
Growth in French business activity eased in August compared to July, according to initial forecasts in a monthly survey, as problems with supplies of goods and COVID-19 health protocols impacted trade.
European stocks posted their biggest weekly drop last week since February. A large part of the reason behind the sharp drop is growing concerns over a slowing global economy, as well as increasing fears over rising infection rates and vaccine durability. Investors hoping for a bounce this week from a clutch of “flash” European manufacturing surveys for August out on Monday may be disappointed going by the recent softening trend in U.S. and Chinese PMIs.
An historic benefits package at BHP’s (BHP.AX) sprawling Escondida copper mine has raised the prospect for tough new negotiations and strikes at mines around the country, workers and analysts told Reuters.
China is facing a high profile test of its commitment to curbing industrial pollution after steel output surged in the first half of the year to well beyond its target of capping production at 2020’s peak, sending emissions to new highs.
Wall Street’s main indexes slid on Tuesday, with the S&P 500 logging its biggest one-day percentage fall in about a month, weighed down by a drop in U.S. retail sales that raised concerns about the economic recovery, as well as by disappointing results from Home Depot (HD.N).
Aug 17 (Reuters) – Automaker General Motors Co (GM.N) said it will replace all battery modules in some Chevrolet Bolt electric vehicles (EVs) under a recall announced last month.
Safe-haven currencies such as the yen held firm against riskier currencies on Tuesday as disappointing economic data from China, the spreading Delta variant of the coronavirus and political tension in Afghanistan weighed on risk appetite.
Tesla (TSLA.O) CEO Elon Musk on Wednesday evening met with the leadership of Brandenburg, the German state where the group’s 5.8 billion euro ($6.9 billion) European gigafactory is being built, its Economy Minister Joerg Steinbach said on Twitter.
A group of 29 U.S. House Democrats want congressional leaders to include at least $160 billion in additional funding for electric vehicles as part of a $3.5 trillion spending measure, according to a letter seen by Reuters.
Great Wall Motor (601633.SS) has decided to re-allocate to Brazil a portion of its $1-billion investment in India, as the Chinese automaker has been unnerved by a year-long delay in winning government approvals, three sources told Reuters.
A Democrat in the U.S. House of Representatives introduced legislation on Tuesday extending tax credits to companies that domestically produce rare earth magnets, a sector currently dominated by China.
Indian oil-to-telecoms conglomerate Reliance Industries Ltd (RELI.NS) said on Tuesday it would invest $144 million in U.S. energy storage company Ambri Inc, along with billionaire Bill Gates, investment management firm Paulson & Co and others.
BioNTech and partner Pfizer (PFE.N) have supplied more than one billion doses of their COVID-19 vaccine as per July 21, a bigger number than delivered by competitor AstraZeneca (AZN.L), the German biotech group said on Monday.
India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc’s (TSLA.O) appeals for a cut polarised the country’s auto industry.
In late December 2019, managers at Volkswagen (VOWG_p.DE) headquarters in Wolfsburg realised they might have a serious problem in China, the company’s biggest market and ticket to its electric future.
German exports rose more than expected in June despite persisting supply bottlenecks in manufacturing, data showed on Monday, suggesting a solid recovery in Europe’s biggest economy.
BEIJING/SHANGHAI, Aug 9 (Reuters) – Renault (RENA.PA) and Geely said on Monday they would jointly develop petrol-electric hybrid vehicles for China and South Korean markets, as the French automaker revives plans for the world’s biggest car market after exiting a Chinese venture last year.
President Joe Biden took a step toward his goal of slashing greenhouse gas emissions on Thursday with an executive order aimed at making half of all new vehicles sold in 2030 electric, a move made with backing from the biggest U.S. automakers.
The Czech crown and the Hungarian forint will extend gains in the coming year as their central banks hike rates to curb inflation during the post-pandemic economic recovery, a Reuters poll showed on Thursday.
German industrial orders rose more than twice as much as expected in June, driven by bookings from domestic clients for large manufacturing products, but weaker turnover suggested that supply bottlenecks continued to hold back production.
Aug 2 (Reuters) – The S&P 500 Index closed slightly
It’s a new week, a new month and time for a fresh start – but the problems niggling at markets this morning are still the same.
Factory activity in India bounced back in July as demand surged both at home and abroad, prompting companies to create new jobs for the first time since the onset of the pandemic, a private sector survey showed on Monday.
China’s factory activity expanded in July at the slowest pace in 17 months as higher raw material costs, equipment maintenance and extreme weather weighed on business activity, adding to concerns about a slowdown in the world’s second-biggest economy.
Second-quarter sales of AstraZeneca’s (AZN.L) COVID-19 vaccine more than tripled to $894 million from the first quarter, but the drugmaker on Thursday again delayed its U.S. application for approval as it gathers more data for submissions.
Samsung Electronics Co Ltd (005930.KS) on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign the global economy is getting back on track from the coronavirus pandemic.
Qualcomm Inc (QCOM.O) on Wednesday predicted a rise in sales of chips for 5G phones, including Apple Inc’s (AAPL.O)iPhone, as the company said it had mitigated supply shortfalls that have contributed to a global chip shortage.
Tesla Inc (TSLA.O) showed signs of divergent strategies in the world’s two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices steady in China and hoping to grow sales there.
Allpay.cards, a major UK card manufacturer, and Simplex, a crypto
Intel Corp (INTC.O) said on Monday its factories will start building Qualcomm Inc (QCOM.O) chips and laid out a roadmap to expand its new foundry business to catch rivals such as Taiwan Semiconductor Manufacturing Co (2330.TW) and Samsung Electronics Co Ltd (005930.KS) by 2025.
Calder Brothers Corp is under pressure to raise wages after rivals lured away some of its workers. A few others were also considering jumping ship, but co-owner Glen Calder said the South Carolina-based construction machinery company managed to persuade them to stay by promising a better career.
Tesla Inc (TSLA.O) has weathered the pandemic and supply chain crisis better than many of its rivals, achieving record deliveries last quarter. But Chief Executive Elon Musk faces pressure to deliver on breakthrough batteries and new factories and models, which are late.
German business morale fell unexpectedly in July on continuing supply chain worries and amid rising coronavirus infections, a survey showed on Monday.
Manufacturing at several of Nike’s main operations in Vietnam has
U.S. producer prices accelerated in June, leading to the largest annual increase in more than 10-1/2 years, suggesting inflation could remain high as robust demand fueled by the economy’s recovery from the COVID-19 pandemic strains the supply chain.
Singapore’s economy contracted in the second quarter after battling new outbreaks of COVID-19 but economists expect it to get back on track quickly as global growth picks up and vaccination rates rise.
The S&P 500 and Nasdaq ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season.
The Nasdaq index reversed early declines to hit a record high on Tuesday, helped by a rise in growth-linked megacap stocks and as earnings season kicked off on a positive note, while a solid rise in consumer prices in June weighed on sentiment.
Samsung Electronics Co Ltd (005930.KS) likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.
The $8.7 billion bid battle for Britain’s fourth largest supermarket group Morrisons (MRW.L) ratcheted up on Monday when a third private equity group, Apollo Global Management, entered the fray.
Claims that Chinese solar firms are benefiting from forced labour in Xinjiang are unfounded and unfairly stigmatise firms with operations there, the country’s solar association said.
Japanese big manufacturers’ business confidence improved in the second quarter to hit a two-and-half-year high, a central bank survey showed, a sign solid global demand was helping the economy emerge from the coronavirus pandemic-induced doldrums.
Micron Technology Inc (MU.O) on Wednesday beat Wall Street estimates for quarterly profit and forecast fourth-quarter revenue above expectations, as tight supplies of memory chips and continued strong demand kept prices high.
Growth in China’s June factory activity dipped to a four-month low on higher raw material costs, a shortage of semiconductors and a COVID-19 outbreak in the major export province of Guangdong, amid wider supply chain disruptions in Asia.
The dollar hovered below a two-month high versus major counterparts on Tuesday, with traders largely sidelined ahead of a closely watched U.S. jobs report, which could sway the timing of an exit from Federal Reserve stimulus.
Asian shares edged lower on Tuesday on concerns new coronavirus outbreaks in the region could undercut an economic recovery even as robust momentum in the United States prompts the Federal Reserve to contemplate a quicker exit from accommodative policy.
French carmaker Renault (RENA.PA) said on Monday it had sealed partnerships with China’s Envision AESC and France’s Verkor to produce electric car batteries in northern France.
Asian shares got the week off to a cautious start on Monday, with Chinese markets holding steady, as a spike in coronavirus cases across the region over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs.
Volkswagen AG’s (VOWG_p.DE) Mexico unit said on Sunday it expects to restart production of three segments from next week and in July after output was curtailed by a global semiconductor chip supply crunch.
Asian shares got the week off to a cautious start on Monday as a spike in coronavirus cases across Asia over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs.
Students from developed East Asia are leading the world in math and science according to just-published results of exams delivered to 600,000
Next Friday’s U.S. employment report will allow investors to gauge whether a powerful U.S. recovery could push the Federal Reserve to start unwinding ultra-easy monetary policies sooner than expected.
Asian shares marked time on Thursday, with China nudging lower, while the U.S. dollar held below an 11-week high as investors reassessed U.S. Federal Reserve statements on inflation and looked to upcoming data for direction.
The Nasdaq climbed to a record-high close on Wednesday, fueled by a rally in Tesla Inc (TSLA.O), with investors cheering data that showed a record peak for U.S. factory activity in June.
Global companies are set to ramp up their expansion plans this year, after being bogged down in the last few years, as economies recover from the pandemic and firms start to see higher profits and cashflows.
The Nasdaq hovered near its all-time high on Wednesday, helped by a boost from Tesla shares, with investors cheering data that showed a record peak for U.S. factory activity in June.
The Nasdaq hit an all-time high on Wednesday, helped by a boost from Tesla’s shares, with investors cheering data showing U.S. factory activity climbed to a record peak in June.
Next Thursday, July 1, was supposed to be a day of celebration for Tesla: the opening of its self-styled “gigafactory” in the tranquil German municipality of Gruenheide, just outside Berlin.
Wall Street rallied on Monday, with the Dow completing its strongest session in over three months as investors piled back in to energy and other sectors expected to outperform as the economy rebounds from the pandemic.
Morrisons (MRW.L) shares surged as much as 35% on Monday on hopes that U.S. private equity firm Clayton, Dubilier & Rice (CD&R) might raise its proposed offer for the British supermarket group or flush out other bidders.
Here’s what you need to know about the coronavirus right now.
A bipartisan group of U.S. senators on Thursday proposed a 25% tax credit for investments in semiconductor manufacturing as Congress works to increase U.S. chip production.
BEIJING, June 16 (Reuters) – Growth in China’s factory output
Taiwan’s central bank will likely keep its policy rate steady at a record low this week as the economy booms on global tech demand fuelled by the work-from-home trend, despite a spike in COVID-19 cases at home, a Reuters poll showed.
A series of coronavirus outbreaks in Thai factories is raising concerns that the export sector could be hit hard, threatening to further undermine an economy as it struggles to recover from the pandemic’s crippling blow to the crucial tourism industry.
Saudi Arabia’s gross domestic product fell 3% in the first quarter, slightly less than official estimates and compared with a 1% contraction last year, as a sharp fall in the oil sector pulled back the economy, data showed.
The United States will spend $3.5 billion to buy and donate 500 million doses of the Pfizer (PFE.N) coronavirus vaccine to some of the world’s poorest countries, it said on Thursday, urging other G7 nations to follow suit.
Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets.
The United States will target China with a new “strike force” to combat unfair trade practices, the Biden administration said on Tuesday, as it rolled out findings of a review of access to critical products, from semiconductors to electric-vehicle batteries.
Apple Inc (AAPL.O) is in early-stage talks with China’s CATL (300750.SZ) and BYD (002594.SZ), about the supply of batteries for its planned electric vehicle, four people with knowledge of the matter said.
The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White House said on Tuesday.
Here’s what you need to know about the coronavirus right now.
Asian shares edged up to near three-month highs on Wednesday and global equities held steady near a record as data showing higher U.S. manufacturing activity in May cheered investors looking for signs of a continued rebound in the world’s largest economy.
Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) (TSMC) has started construction at a site in Arizona where it plans to spend $12 billion to build a computer chip factory, its chief executive said on Tuesday.
Stocks chopped around record peaks on Tuesday, while the dollar was pinned near recent lows, as markets awaited U.S. jobs data and looked ahead to crucial central bank meetings in Europe and United States for guidance on the interest rates outlook.
Here’s what you need to know about the coronavirus right now.
The S&P 500 (.SPX) dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.
U.S. manufacturing activity picked up in May as pent-up demand amid a reopening economy boosted orders, but unfinished work piled up because of shortages of raw materials and labor.
Intel Corp’s (INTC.O) CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics.
Reuters interview with Isabel Schnabel, a member of the European Central Bank’s Executive Board.
President Joe Biden pledged on Thursday toroot out anti-competitive business practices and ease construction materials shortages andtransportation backups that are causing price hikes across the country.
A series of amendments for a $190 billion U.S. Senate bill aimed at countering China’s technology challenge are in limbo after business groups protested proposals intended to ensure that none of the money finds its way to China or other U.S. rivals.
The U.S. Justice Department has launched a criminal investigation into Eli Lilly and Co (LLY.N) focused on alleged manufacturing irregularities and records tampering at a factory in Branchburg, New Jersey, that produces the pharmaceutical giant’s COVID-19 therapy and other drugs, three people familiar with the matter said.
The Biden administration’s plan to rely on ally nations for most of the metals needed to build electric vehicles ignores the complexity of modern mining and could keep the United States from meeting aggressive climate goals, according to industry executives.
Royal Dutch Shell (RDSa.L) was still evaluating plans for an idled Louisiana oil refinery, the company said on Monday, after a Baton Rouge investor said over the weekend his $1.25 billion offer was not accepted.
U.S. Commerce Secretary Gina Raimondo said on Monday a proposed $52 billion boost in U.S. government funding for semiconductor production and research could result in seven to 10 new U.S. factories.
Lordstown Motors Corp (RIDE.O) said on Monday that 2021 production of its Endurance truck will be half of prior expectations and that the electric vehicle startup needs additional capital to execute its plans, sending shares down 9.5% in after-hours trading.
Leaders of the world’s largest economies kicked off a global health summit on Friday, where drugmakers were expected to promise cut-price supplies of vaccines for poorer nations to help end the COVID-19 pandemic.
A foundry in Indiana couldn’t ship $1.6 million worth of metal parts to customers last month because it didn’t have enough workers to make them, while a Massachusetts plastics factory has outsourced nearly a quarter of its business to subcontractors to keep up with orders it otherwise couldn’t fill.
U.S. stock index futures ticked higher on Friday, extending a recovery from the previous session, as attention shifted to business surveys at the end of a volatile week of trading.
Japan’s core consumer prices fell for the ninth straight month in April as a record slump in cellphone fees offset rising energy prices, suggesting that weak demand and higher costs will weigh on a fragile economic recovery.
President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for U.S. consumers – and even got to take a new zero-emission truck out for a drive.
U.S. Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation late Tuesday to approve $52 billion to significantly boost U.S. semiconductor chip production and research over five years.
Leaders of the world’s largest economies back “voluntary licensing” of COVID-19 vaccine patents, the draft conclusions of a summit show, watering down a U.S. push for waivers and earlier commitments to supply more funds to the World Health Organization.
President Joe Biden will make the case for his $174
Asian shares rose on Tuesday, shrugging off worries about an
India total COVID-19 caseload surged past 25 million on Tuesday
The U.S Department of Defense will remove China’s Xiaomi Corp (1810.HK) from
When much of the global economy locked down last year,
India on Saturday reported its highest ever single-day COVID-19 death
To fight the pandemic at home, the United States gave
U.S. air safety officials have asked Boeing Co (BA.N) to supply fresh
Oil prices rose on Tuesday after more U.S. states eased
The dollar clung to a recent bounce on Monday as
Samsung Electronics has reported its highest first-quarter revenue since2018, owing
The German economy contracted by a greater than expected 1.7%
India’s total COVID-19 cases passed 18 million on Thursday after
Moderna Inc (MRNA.O) said on Thursday it is boosting manufacturing capacity for
Sachin Ravikumar, Nivedita Bhattacharjee, Chris Thomas Global and Indian firms
U.S. factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs as a reopening economy leads to a boom in domestic demand, which could slow momentum in the months ahead.
(Reuters) – Merck & Co Inc on Thursday said it plans a large study of what could become the first pill to target the coronavirus in people at risk of severe COVID-19, but will no longer pursue use of the experimental antiviral drug in hospitalized patients.
China’s new long-term targets, to reach peak emissions before 2030 and achieve carbon neutrality by 2060, are yet to be matched with a consistent short-term action plan.
As the SARS-CoV-2 has resurfaced and continues to rise, countries
The domestic textiles market and its entire value chain contribute
SEOUL (Reuters) -Samsung Electronics Co Ltd on Wednesday said first-quarter
The manufacturing sector in Japan is experiencing significant fall in semiconductor/chips output and affecting the automobile and electrical machinery production since the Fukushima-ken Oki earthquake (7.1-7.3 magnitude) off the East coast of Japan adding to ongoing Covid worries.
Harnessing advanced smart port technologies can enhance physical and economic resilience of “lifeline” ports in the Pacific.
(Reuters) – Governments around the world are subsidizing the construction
ZURICH (Reuters) – Roche is filling a testing portfolio gap by buying U.S.-based GenMark Diagnostics in a $1.8 billion deal that the Swiss pharmaceuticals manufacturer said taps one of the fastest-growing diagnostics areas.
(Reuters) – Shares of banks and automakers lifted European shares on Monday as investors continued to move into economy-linked sectors on hopes of a solid economic rebound from the coronavirus downturn.
While most African countries have been largely spared so far from the direct health effect of the Covid-19 pandemic, the continent’s economy has been significantly hurt by the economic consequences. This is particularly concerning given Africa’s high prevalence of extreme poverty. A new eBook from CEPR Press focuses on business and household responses to the Covid-19 crisis in Africa, as well as access to international finance, patterns in international borrowing, and country-specific experiences during the pandemic.
Solar Power System Electricity is one of the most essential
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