Ukrainian President Tours American War Complex Factory Making Artillery Shells in Pennsylvania
SCRANTON, PA – This weekend, during a tour of the Scranton Army Ammunition Plant in Pennsylvania, Ukrainian President Volodymyr Zelenskyy expressed his gratitude for the artillery shells and other munitions being produced…
‘Infiltrating And Influencing’: GOP Rep Questions Ex-CIA Officer On Dangers Of Chinese-Owned Factory In US Heartland
A former CIA officer warned during a House hearing Wednesday that the Chinese Communist Party (CCP) could use U.S. subsidiaries of Chinese firms to steal intellectual property and conduct economic espionage. The…
US factory orders increase solidly in February
WASHINGTON (Reuters) – New orders for U.S.-manufactured goods rebounded more than expected in February, boosted by demand for machinery and commercial aircraft as manufacturing regains its footing. Factory orders increased 1.4% after…
US wants Mexico to review alleged labor rights’ denial at parts factory
(Reuters) – The U.S. government has asked the Mexican government to review allegations that a parts factory in that Nuevo Leon has denied workers their labor rights, the office of the U.S.…
US factory production rebounds from weather-induced slump
By Lucia Mutikani WASHINGTON (Reuters) -Production at U.S. factories increased more than expected in February amid a rise in temperatures, but data for the prior month was revised sharply down as manufacturing…
Rheinmetall to open ammo factory in Ukraine in joint project
BERLIN (Reuters) – German defence company Rheinmetall plans to open an ammunition factory in Ukraine as part of a joint venture with a Ukrainian partner, it said on Saturday. Rheinmetall, one of…
Frigid temperatures chill US retail sales, factory production
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell by the most in 10 months in January, but economists cautioned against reading too much into the sharp drop amid frigid temperatures…
China’s factory activity shrinks again, weak demand hobbles economy
BEIJING (Reuters) -China’s manufacturing activity contracted for the fourth straight month in January, an official factory survey showed on Wednesday, suggesting the sprawling sector and the broader economy were struggling to regain…
Canada December factory sales most likely fell 0.6% -Statscan flash estimate
OTTAWA (Reuters) – Canadian factory sales most likely fell 0.6% in December from November, largely due to decreases in the transportation equipment and chemical product subsectors, Statistics Canada said in a flash…
Japan Jan factory activity languishes, but service sector picks up – PMI
TOKYO (Reuters) – Japan’s factory activity shrank for the eight consecutive month in January amid weak demand, but the service sector saw strong gains as new business picked up, a private business…
LG opens first EV charging station factory in the US
(Reuters) – LG Electronics on Friday opened its first factory in the U.S. for assembling electric-vehicle charging stations as the South Korean electronics giant looks to capture a share in the fast-growing…
US factory orders rebound in November
WASHINGTON (Reuters) – New orders for U.S.-made goods increased more than expected in November amid a surge in demand for civilian aircraft, government data showed on Friday Factory orders rose 2.6% after…
Global factory activity ended 2023 on a soft note
By Indradip Ghosh and Sam Holmes BENGALURU/SYDNEY (Reuters) – Global factories had a weak finish to 2023, with euro zone activity contracting for an 18th straight month in December and Asia’s manufacturing…
China factory activity growth accelerates in Dec – Caixin PMI
BEIJING (Reuters) – China’s factory activity expanded at a quicker pace in December due to stronger gains in output and new orders, but business confidence for 2024 remained subdued, a private-sector survey…
S.Korea factory activity contracts on cooling new orders -PMI
By Cynthia Kim SEOUL (Reuters) – South Korea’s factory activity contracted in December, a business survey showed on Tuesday, due to falling new orders, which were squeezed by weaker Chinese demand. The…
Russian factory activity expands at fastest pace in seven years in Dec -PMI
(Reuters) – Activity in Russia’s manufacturing sector expanded at its fastest pace in almost seven years in December, a business survey showed on Friday, though new export orders contracted for the second…
South Korea November factory output jumps thanks to robust chip production
By Cynthia Kim SEOUL (Reuters) – South Korea’s November factory output posted the fastest gain since May 2022 on soaring chip production, official data showed on Thursday. The industrial output index increased…
Suspect Sentenced in Brooklyn Matzah Factory Burglary
BROOKLYN, NY – Muntaquim Durant, a 44-year-old resident of Prospect Heights, Brooklyn, has been sentenced to a term of two-and-a-half to five years in prison for a burglary at a Matzah factory…
Japan’s factory activity extends declines as pressures persist- PMI
TOKYO (Reuters) – Japan’s factory activity shrank for a seventh straight month in December while the service sector made modest gains, a business survey showed on Friday, as weak demand and price…
Mexico’s Nuevo Leon state gives Tesla $153 million in incentives for factory
MEXICO CITY (Reuters) -Mexico’s northern state of Nuevo Leon approved $153 million in incentives for Tesla as the carmaker prepares to build a factory, the state government said in a statement on…
Euro zone factory downturn eased a touch in November -PMI
LONDON (Reuters) – The broad-based downturn in euro zone manufacturing activity eased slightly last month but the sector remained deeply rooted in contractionary territory, prompting factories to trim staffing levels for a…
Russian factory growth steadies as new export orders drop -PMI
(Reuters) – Activity in Russia’s manufacturing sector grew at the same pace in November as in October, even as new export orders contracted for the first time since July, a business survey…
India factory growth accelerated in November, input costs at 40-month low -PMI
By Anant Chandak BENGALURU (Reuters) – India’s manufacturing growth accelerated last month after a recent blip, supported by robust demand, according to a private survey that also showed input costs rose at…
Japan Oct factory output rises on circuits, autos rebound
TOKYO (Reuters) – Japan’s factory output rose for a second straight month in October, government data showed on Thursday, lifted by the production of integrated circuits and autos, although external demand risks…
South Korea Oct factory output falls most in 10 months on weaker chip production
SEOUL (Reuters) -South Korea’s factory output unexpectedly fell on weaker chip production in October and posted the biggest drop in 10 months, official data showed on Thursday. The industrial output index fell…
China’s Nov factory activity likely contracted for second month: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s manufacturing activity likely contracted for a second consecutive month in November, a Reuters poll showed on Wednesday, keeping alive calls for further stimulus measures as…
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