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July 1, 2022

factory

China’s factory, service sectors shake off 3 months of lockdown pain

Reuters
A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register China factory, services PMIs above 50 for first time since Feb Recovery seen as COVID restrictions......

Intel warns Ohio factory could be delayed because Congress is dragging its feet on funding

CNBC
CNBC – For more and to sign up click here A large chip factory currently in the early stages of being built outside of Columbus, Ohio, could see its scope scaled back or construction delayed depending on what Congress does with the CHIPS Act, Intel said in a statement on......

Gunman opens fire at Maryland factory, killing three

Reuters
WASHINGTON, June 9 (Reuters) – A gunman opened fire at a manufacturing facility in northern Maryland on Thursday, killing at least three people and critically wounding another, a Maryland county sheriff said. The assailant, who was not immediately identified, was taken into custody after he was wounded in an exchange......

Wall St slides as strong factory data stokes aggressive rate hike concerns

Reuters
Salesforce, Capri Holdings rise after lifting profit outlook U.S. 10-year Treasury yields spikes to two-week high Indexes down: Dow 0.64%, S&P 0.68%, Nasdaq 0.31% June 1 (Reuters) – U.S. stocks fell in volatile trade on Wednesday after data showing strength in factory activity raised concerns about aggressive interest rate hikes......

China’s factory activity decline slows as COVID curbs ease

Reuters
Employees work on the production line during an organised media tour to a factory of Beijing Benz Automotive Co (BBAC), a joint venture by BAIC Motor and Mercedes-Benz, in Beijing, China February 17, 2022. REUTERS/Florence Lo/File Photo Register now for FREE unlimited access to Reuters.com Register China May official manufacturing......

Japan’s April factory output slumps in worrying sign for economy

Reuters
A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan February 28, 2017. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register April output falls 1.3% m/m, much weaker than expected Manufacturers see output up in May, June Retail sales rise more than expected......

Africa’s first Covid-19 vaccine factory has not received a single order.

New York Times
New York Times – For more and to sign up click here JOHANNESBURG — The first factory in Africa licensed to produce Covid-19 vaccines for the African market has not received a single order and may shut down that production line within weeks if the situation doesn’t change, according to......

Lordstown Motors closes $230 million deal to sell its Ohio factory to Foxconn, injecting needed cash days before deadline

CNBC
CNBC – For more and to sign up click here Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors’ assembly plant in Ohio. Michael Wayland / CNBC Embattled electric vehicle start-up Lordstown Motors said Wednesday it has......

China’s factory inflation defies global surge, leaving room for stimulus

Reuters
A man pays for meat at a market in Beijing, China January 11, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Producer inflation at slowest pace in a year Consumer inflation perks up but remains contained – analysts BEIJING, May 11 (Reuters) – China’s factory-gate inflation......

Biden, Visiting Missile Factory, Calls to Ramp Up U.S. Aid to Ukraine

New York Times
WASHINGTON — President Biden made a forceful call on Tuesday for ramping up American military support for Ukraine as his administration rapidly dispenses artillery, antitank weapons and other hardware, raising questions about the surge in spending at a time when his domestic agenda is stalled. Speaking at a Lockheed Martin......

Zelensky says around 100 civilians are being evacuated from the Mariupol steel factory.

New York Times
New York Times – For more and to sign up click here An evacuation of civilians from Mariupol was underway on Sunday as women and children confined to bunkers beneath a sprawling steel plant started to make their way to safety, according to Ukrainian officials and the United Nations. President......

Britain says Russian troll factory is spreading disinformation on social media

Reuters
A person rings the bell outside a burning plant, following Russian shelling amid Russia’s attack on Ukraine, in Kharkiv, Ukraine, April 30, 2022. REUTERS/Ricardo Moraes Register now for FREE unlimited access to Reuters.com Register LONDON, May 1 (Reuters) – The British Foreign Office said on Sunday Russia is using a......

Many factory workers in Shanghai can’t get back to work, even after Covid controls ease

CNBC
CNBC – For more and to sign up click here Tesla’s Shanghai factory was “back up and running” as of Wednesday, according to CEO Elon Musk’s comments during a quarterly earnings call, per a StreetAccount transcript. This picture shows the factory on the outskirts of Shanghai in July 2021. Vcg......

Tesla earnings may come under pressure from Shanghai factory halt

Reuters
Tesla China-made Model 3 vehicles are seen during a delivery event at the carmaker’s factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, April 19 (Reuters) – Tesla investors on Wednesday will keep an eye on whether the......

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