Major automakers like General Motors, Ford, and Stellantis are scaling back their electric vehicle (EV) and autonomous car initiatives by cutting costs through layoffs and production adjustments. Despite significant investment…
HARRISBURG, PA – Attorney General Michelle Henry announced that Pennsylvania received its annual payment from the tobacco manufacturers who signed the 1998 Tobacco Master Settlement Agreement (MSA) with Attorneys General.…
PHILADELPHIA, PA – District Attorney Larry Krasner announced on Monday a significant legal move against nearly 20 pharmaceutical companies and pharmacy benefit managers (PBMs) for allegedly colluding to inflate the…
By William Schomberg LONDON (Reuters) – Britain’s struggling factories are seeing some signs of recovery, helped by a long-awaited burst of restocking and a pickup in export orders that could…
BEIJING (Reuters) – China’s industry ministry on Friday added five companies to its approved car manufacturers list, including Nio Inc and BMW-backed Spotlight. (Reporting by Beijing Newsroom; Editing by Louise…
TOKYO (Reuters) – Japan’s manufacturers’ business sentiment likely edged higher in the three months to December, a Reuters poll showed on Friday, although the global economic slowdown continues to cloud…
By Tetsushi Kajimoto TOKYO (Reuters) – Sentiment at big Japanese manufacturers surged, improving for a second straight month as the auto sector continued to recover from last year’s semiconductor shortage…
BERLIN (Reuters) – Material shortages in Germany’s manufacturing sector have eased significantly, with the supply situation almost back to pre-crisis level, the Ifo economic institute said on Monday. In October,…
Auto Manufacturers Start To Pump The Brakes On Ambitious EV Goals Nick Pope on October 31, 2023 Major automobile companies are starting to back off of their ambitious electric vehicle…
By Tetsushi Kajimoto TOKYO (Reuters) – Business morale at large Japanese manufacturers was subdued in October, although the services-sector mood edged up, the Reuters Tankan poll showed, as upbeat domestic…
EVs Are Costing Auto Manufacturers Billions While Union Strikes Take Their Toll Nick Pope on October 8, 2023 Electric vehicle (EV) production is saddling most American manufacturers with billions of…
DUBLIN (Reuters) – A slump in Irish manufacturing activity deepened slightly again last month as output was at one of its lowest levels on record, but firms resumed adding staff…
SEOUL (Reuters) – South Korean manufacturers’ business optimism in August hit its highest level in seven months, a central bank survey showed on Thursday, as concern about raw material prices…
By Safiyah Riddle (Reuters) – Optimism about the near-term business outlook among manufacturers in the U.S. Mid-Atlantic region hit a nearly two-year high in July, as prices that firms received…
By Tetsushi Kajimoto TOKYO (Reuters) – Business morale at big Japanese manufacturers edged up in June, staying in positive territory for a second straight month and reflecting a post-COVID economic…
(Reuters) – Manufacturers in the U.S. Northeast grew more optimistic about the near-term business outlook this month even as current conditions remained mixed across the region. Monthly surveys of goods…
LONDON (Reuters) – British Finance Minister Jeremy Hunt plans to raise concerns about the surge in food prices and discuss ways to ease the strain on families when he meets…
ROME, April 27 (Reuters) – Morale amongst Italian businesses and consumers rose in April, data showed on Thursday, but sentiment in the manufacturing sector was more downbeat as the outlook…
By John Kemp LONDON (Reuters) -U.S. manufacturers reported widespread declines in activity in March, as the sector struggled with excess inventories, persistent inflation, rising interest rates and heightened caution among…
Two Foreign Countries Join Forces In $10 Billion Lawsuit Against US Gun Manufacturers Bronson Winslow on March 22, 2023 The Bahamas joined Mexico Wednesday to appeal a federal judge’s November…
By Tetsushi Kajimoto TOKYO (Reuters) – Big Japanese manufacturers remained pessimistic about business conditions for a third straight month in March, the closely watched Reuters Tankan survey showed, reflecting worry…
By Tetsushi Kajimoto TOKYO (Reuters) – Big manufacturers in Japan remained gloomy in February and the service-sector mood slid for a second straight month, a Reuters’ poll showed, a sign…
BERLIN (Reuters) – Materials shortages have decreased in Germany’s manufacturing sector, a survey by the Ifo economic institute published on Thursday showed. In January, 48.4% of the companies surveyed reported…
by Bronson Winslow (with edits) TRENTON, NJ – Governor Phil Murphy has been dealt yet another blow in his quest to restrict gun ownership and hold gun manufacturers accountable for…
BERLIN (Reuters) – German manufacturers started the year with a slightly brighter outlook on the year ahead despite the fact that orders continued to fall, as inflation and supply chain…