German business activity soared to its highest level in over two years this October, driven by strong expansion in both manufacturing and services, according to the latest Purchasing Managers’ Index (PMI) data released by Reuters
Browsing: manufacturing
Canada’s factory sales are set to soar by 2.8% in September, according to a Statscan flash estimate reported by Reuters. This striking increase signals a powerful surge in manufacturing activity, underscoring the strong momentum driving the ongoing economic recovery
Mitel is relocating its IP phone manufacturing to Germany to boost supply chain resilience and leverage advanced production technologies. This bold move promises to speed up efficiency and meet the rising demand across Europe with greater agility
President Trump’s escalating trade war with China is sending powerful shockwaves through the global economy, disrupting supply chains and igniting market chaos worldwide. Nations across the globe are facing mounting uncertainty as tariffs ripple far beyond the U.S.-China relationship
Factories proudly bearing the “Made in Argentina” label are closing their doors amid soaring costs and economic turmoil, deepening the challenges for President Milei’s administration as it battles to revive industry and restore economic stability, Reuters reports
Canada’s auto industry, a cornerstone of the economy, has weathered tough challenges before-and emerged more powerful than ever. Experts are confident that with smart strategies and bold innovation, this vital sector won’t just overcome today’s obstacles but will accelerate forward with renewed strength and resilience
Glencore has landed a $395 million lifeline from the Australian government to keep its smelter humming. This vital support aims to protect jobs and give the local economy a much-needed boost amid challenging industry conditions
Germany soared during the first China Shock, leveraging its powerful manufacturing and export strengths to new heights. However, experts warn that the next wave of economic shifts driven by China’s rise could pose serious challenges to its industrial backbone
Japan’s Nissin Foods is making an exciting leap into Turkey with a brand-new local production plant, poised to boost its presence in the Middle Eastern market and meet the growing craving for instant noodles throughout the region
Germany’s largest investor in Georgia is boldly navigating fresh challenges as new smelting regulations transform their operations. This pivotal shift highlights a changing industrial landscape and promises far-reaching economic impacts throughout the region
The US is preparing to impose new tariffs on pharmaceutical imports, kitchen cabinets, furniture, and heavy trucks, intensifying trade tensions. Stay tuned for live updates on how this bold move will impact industries and ignite reactions across the board
The US may have pioneered the robot vacuum, but today, China dominates the global market. Powering this explosive growth are advanced manufacturing techniques, aggressive pricing strategies, and dynamic innovation hubs-combining to revolutionize the industry at an unprecedented pace
Stock Spirits has revealed plans to close its German factory, citing operational hurdles and escalating cost pressures. This bold move aims to streamline production and enhance efficiency as the company navigates a fast-evolving market landscape
(Guest Column) Experts are calling on the U.S. to act swiftly and reclaim its spot as a trailblazer in the future of the automobile industry, as China races ahead with groundbreaking advances in electric vehicles and next-generation automotive technology
China’s BYD is gearing up to electrify Hungary with a cutting-edge electric vehicle plant scheduled to open by the end of 2025, a company executive told Reuters. This exciting development signals a powerful leap in BYD’s mission to expand its manufacturing footprint across Europe
China’s export growth in August hit its slowest pace in six months, falling short of analyst predictions. This decline highlights ongoing struggles with global demand amid economic uncertainties, intensifying pressure on the world’s second-largest economy
US companies operating in China are standing their ground despite soaring tariffs, highlighting intricate supply chains and strong market connections. Many confess they feel “trapped,” as relocating operations would be both expensive and extremely difficult
Spain’s Purchasing Managers’ Index (PMI) soared in August, driven by a strong surge in demand for manufactured goods. This impressive upswing signals rising business confidence and a promising future for the country’s industrial sector
Nvidia has reportedly hit the brakes on chip production in China amid rising security concerns. Recent reports reveal that Beijing has delivered sharp warnings, underscoring the mounting tensions between the tech giant and Chinese authorities
China’s ambitious electric vehicle factories in Turkey have yet to ignite the spark of production, despite sky-high expectations. These setbacks raise concerns about supply chain hurdles and shifting market forces in the fast-evolving EV landscape