Posts Tagged ‘Factories’
Intel Delays Germany, Poland Chip Factories For Two Years
Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated. The announcement will come as a major blow to the German and Polish governments that have heavily subsidized the projects and touted them as a boost…
Read MoreChina Exports Grow For Fifth Consecutive Month, Reach $308,65 Billion
Factory workers assemble water dispensers for pets in Suqian, China, on Tuesday, Sept. 10, 2024. STR/AFP via Getty Images China exported $308.85 billion worth of goods in August, up 8.7% and marking the fifth consecutive monthly increase, the country’s customs office said Tuesday. The robust figures came as imports grew just 0.5% compared to a…
Read MoreApple iPhone 16 being launched globally from Indian factories: Ashwini Vaishnaw
Apple iPhone 16 being launched globally from Indian factories: Ashwini VaishnawIANS Union Railways and Electronics and IT Minister, Ashwini Vaishnaw, on Tuesday said that Apple’s latest iPhone 16 is being produced and launched globally from the Indian manufacturing plants. The ‘Make in India’ new iPhones will be available in the country on September 20, and…
Read MoreBangladesh Garment Factories Reopen After Unrest
Garment factories and banks reopened in Bangladesh Thursday after authorities eased a curfew imposed to contain deadly clashes sparked by student protests over civil service employment quotas. Last week’s violence killed at least 186 people, according to an AFP count of victims reported by police and hospitals, during some of the worst unrest of Prime…
Read MoreChina’s plan to save the economy comes at a cost to factories
THE pen squeaks as Jeff Pan sketches a chart on a white-board. He draws a black line signifying consumption that shoots up, then a blue line that edges higher in fits and starts, before ultimately overtaking the first. That, he explains, is supply. Pan, who manages a mid-sized copper processing plant in China’s manufacturing heartland,…
Read MoreCanada to consider blocking factories in pushback on Chinese EVs
PRIME Minister Justin Trudeau’s government has published options it will consider for deterring Chinese-made electric vehicles (EVs) from accessing the Canadian market, including putting tariffs on imported and blocking Chinese investment in new Canadian factories. Trudeau’s government appears to only be considering tariffs on finished vehicles, based on the document released on Tuesday (Jul 2).…
Read MoreEuropean nations compete for Chinese EV factories, jobs even as EU weighs tariffs
EUROPEAN governments may be wary of budget Chinese electric vehicles (EVs) flooding their markets but they’re also fiercely competing for a share of the manufacturing investment and jobs the new competitors bring. While the European Union investigates China’s auto subsidies and considers tariffs on imports, national governments across the bloc are dangling their own incentives…
Read MoreChinese factories recoil from paying record copper prices
CHINESE factories are baulking at paying record copper prices, delaying orders for the metal and cutting production as their customers recoil from more expensive products. Source link
Read MoreChinese factories recoil from paying record copper prices
CHINESE factories are baulking at paying record copper prices, delaying orders for the metal and cutting production as their customers recoil from more expensive products. The metal’s rapid ascent to an all-time high above US$11,000 a tonne on the London Metal Exchange this week is causing ructions in the domestic supply chain, from the smelters…
Read More150 Bangladesh Garment Factories Shut, 11,000 Workers Charged
Bangladeshi garment manufacturers on Saturday shuttered 150 factories “indefinitely”, as police issued blanket charges for 11,000 workers in connection with violent protests demanding a higher minimum wage, officers said. Bangladesh’s 3,500 garment factories account for around 85 percent of its $55 billion in annual exports, supplying many of the world’s top brands including Levi’s, Zara…
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