Manufacturers have reported a significant slowdown in orders and investment. Factory output is expected to grow 2.3% this year – down from a forecast of 3% three months ago. England’s fundamental assembling campaign, Make the UK, advised the public authority to stop “momentary contrivances” and quit raising government expenditures for the area, as its individuals … Read more
Confidence among Japanese manufacturers rose in June and was steady in the services sector. The Reuters Tankan closely correlates with the Bank of Japan’s quarterly tankan survey. The monthly poll of 499 large and mid-sized firms polled takes place between June 1-10. Certainty among Japanese manufacturers rose in June and was consistent in the administrations … Read more
Automakers back efforts by President Joe Biden’s administration to restore California’s ability to set its own tailpipe and zero-emission vehicle standards. Five automakers including Ford Motor Co (F.N), Volkswagen (VOWG_p.DE) and Honda (7267.T) join in the effort. Five automakers including Ford Motor Co (F.N), Volkswagen AG (VOWG_p.DE) and Honda Motor Co (7267.T) on Tuesday upheld … Read more
KARACHI: The local dealers, importers and mobile phone mechanics are suffering huge losses owing to the rising costs of imported mobile parts, rupee depreciation and the absence of domestic part manufacturers. As countries around the world strive for advancement and manufacturing in the field of technology and IT; self-sufficiency and becoming a manufacturing base remain … Read more
TOKYO: Japan’s major manufacturers remain cautious about the economy’s trajectory, with business sentiment flat for the quarter as concerns about the pandemic linger, a key survey showed on Monday. Among major non-manufacturers however, there was an improvement in confidence about the world’s third largest economy, offering glimmers of hope. The Bank of Japan’s Tankan business survey, … Read more
JEDDAH: Shipping costs have increased 700 per cent as a result of the pandemic, according to the CEO of the Saudi National Industrialisation Co, Arab News reported. Container plants in China stopped their production during the pandemic, which led to an increase in the container rental price from $800 to$1,200 to $7,500 to $8,500. The long-term shipping … Read more
Arms sales has risen up by five percent worldwide in 2018 in a market dominated by the United States, according to a new report published by Stockholm International Peace Research Institute (SIPRI) on Monday. The turnover of the 100 biggest arms manufacturers came to $420 billion, the report said. United States (US) manufacturers alone accounted … Read more
More than half the cars produced by Porsche will be electric by 2025, the German manufacturer’s North American chief said as he set out plans to overtake market leader Tesla. “The future is electric,” Klaus Zellmer told an Auto Show, adding that the brand’s commitment to battery-powered vehicles is huge. “By 2025 Porsche will have … Read more
