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…
Indian factory growth eased for second month in July, but kept healthy pace
By Anant Chandak BENGALURU (Reuters) – Growth in India’s manufacturing activity eased in July for a second month, with some moderation in output and new orders, although the pace of expansion remained…
Japan’s factory activity falls on soft orders – PMI
TOKYO – Japan’s factory activity contracted at a faster pace in July, a business survey showed on Tuesday, taking a hit from soft orders amid weakening global economic conditions. The final au…
China factory activity likely to contract for fourth month in July: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s factory activity likely contracted for a fourth straight month in July, a Reuters poll showed on Friday, reinforcing the need for further policy support to…
South Korea June factory output falls more than expected
SEOUL (Reuters) – South Korea’s factory production fell more than expected in June, official data showed on Friday, as automobile and petroleum production dropped. The industrial output index fell 1.0% in June…
First Solar plans $1.1 billion investment in fifth U.S. panel factory
By Nichola Groom (Reuters) – First Solar Inc on Thursday announced plans to spend up to $1.1 billion on what will be its fifth U.S. factory to meet booming demand for American-made…
Thai June factory output drops more than forecast as exports weak
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s factory output shrank more than expected in June as sluggish global demand crimped exports amid an uncertain outlook for industry as political…
Canada May factory sales up 1.2% on chemicals, autos
July 14 (Reuters) – Canadian factory sales grew by 1.2% in May from April on higher sales of chemical products, as well as motor vehicles, Statistics Canada said on Friday. Excluding vehicles…
Tesla’s Shanghai factory workers welcome bonus increase after record deliveries
SHANGHAI (Reuters) – Several workers at Tesla’s Shanghai plant, its biggest manufacturing hub globally by output, said they had been awarded a large increase in their latest quarterly performance bonuses. The workers…
Trial starts for Korean chip exec accused of stealing Samsung secrets for China factory
By Heekyong Yang and Ju-min Park SUWON, South Korea (Reuters) – The trial of a South Korean chip executive accused of stealing sensitive information developed by Samsung Electronics began on Wednesday in…
Applied Materials aims to boost chip factory productivity with new tech
By Stephen Nellis SAN FRANCISCO (Reuters) – Applied Materials on Tuesday released its first major update to some of its core semiconductor manufacturing equipment in more than decade, aiming to boost the…
Tesla starts to lay off some workers at China factory – Bloomberg News
(Reuters) – Electric car maker Tesla Inc is laying off some battery production workers at its Shanghai plant, Bloomberg News reported on Friday, citing people familiar with the matter. It was not…
New York’s Deal To Build Elon Musk A Solar Panel Factory Turned Into A Nearly $1 Billion ‘Boondoggle’
New York’s Deal To Build Elon Musk A Solar Panel Factory Turned Into A Nearly $1 Billion ‘Boondoggle’ Jack Applewhite on July 6, 2023 New York spent nearly $1 billion building Elon…
U.S. factory orders miss expectations in May
WASHINGTON(Reuters) – New orders for U.S.-made goods increased less than expected in May as a surge in civilian aircraft orders was partially offset by sluggishness elsewhere amid higher interest rates that are…
Canadian factory activity slows further in June
By Fergal Smith TORONTO (Reuters) – Contraction in Canada’s manufacturing sector deepened slightly in June as an uncertain economic outlook weighed on both domestic and foreign demand, data showed on Tuesday. The…
UK factory downturn deepens in June despite lower costs: PMI
By Andy Bruce LONDON (Reuters) – The pace of decline in Britain’s manufacturing sector steepened in June and optimism faded despite weakening price pressures, a survey showed on Monday. The S&P Global/CIPS…
Euro zone factory downturn deepened in June as ECB hikes bite-PMI
LONDON (Reuters) – Euro zone manufacturing activity contracted faster than initially thought in June as persistent policy tightening by the European Central Bank squeezed finances, according to a survey which painted an…
Spanish factory output contracts in June for the fourth consecutive month – PMI
MADRID (Reuters) – Factory activity in Spain contracted for the fourth consecutive month in June even though the spending of European Union rescue funds had a positive effect on capital goods, a…
India’s factory growth softened slightly in June but stayed strong
By Shaloo Shrivastava BENGALURU (Reuters) – India’s manufacturing industry expanded at the second-fastest rate this year in June, albeit at a slightly slower pace than in May, supported by robust demand despite…
Japan factory activity slips back into contraction in June on soft orders
TOKYO (Reuters) – Japan’s factory activity contracted in June after expanding for the first time in 7 months in May, a private survey showed on Monday, dragged down by weak orders for…
South Korea factory activity suffers longest downturn in at least 19 years
SEOUL (Reuters) – South Korea’s factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a survey showed on Monday, underlining the challenges…
Thai May factory output falls 3.14% y/y, less than forecast
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in May dropped by a less than expected 3.14% from a year earlier as exports remained sluggish, the industry ministry said on Friday. The…
Exclusive-Letter from prison: South Korean chip exec denies stealing Samsung data for China factory
By Heekyong Yang and Ju-min Park SEOUL (Reuters) – A South Korean chip executive imprisoned over industrial espionage charges rejected allegations he had sought to build a copycat chip factory in China…
China’s factory activity seen contracting for third month in June: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s factory activity likely contracted for a third straight month in June, albeit at a marginally slower pace, a Reuters poll showed on Thursday, underscoring the…
BOJ tankan Q2 factory mood likely perked up for first time since 2021: Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Japan’s factory sentiment likely improved in the second quarter for the first time since mid-2021, thanks to an eased chip supply crunch for automakers, a Reuters…
Intel to invest $25 billion in Israel factory in record deal, Netanyahu says
JERUSALEM (Reuters) -U.S. chipmaker Intel Corp will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on Sunday, calling it the largest-ever international investment in the country.…
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