China’s factory activity expanded at a slightly faster pace in August, fuelled by rising infrastructure spending and improving global demand, a Reuters survey showed on Friday, as the Chinese economy continues to recover from the coronavirus crisis.
Japan’s Bridgestone announced that it would begin talks to close its tyre factory in France due to low demand and high competition. The factory in Bethune employs 863 people and has a production capacity of about 17,000 tyres a day,
General Motors Co and South Korean joint-venture partner LG Energy Solution on Friday said they will build a second US battery cell manufacturing plant, revealing plans for a $2.3 billion factory in Spring Hill, Tennessee.
Chinese factory prices hit a more than two-year high in March, data showed on Friday, highlighting the country’s strong recovery but feeding concerns it could filter through to the global economy
British manufacturers suffered a double hit last month as COVID-19 disruption to global shipping combined with new trade barriers with the European Union, according to a survey published on Monday.
The clip, taken from a CCTV recording at Baojang Group, a steelmaker in Baotou, Inner Mongolia, China, showed a worker removing his safety helmet and gloves and placing them on the floor, then hesitating for several minutes before jumping into the furnace containing molten steel.
China’s factory activity likely expanded again in December on stronger external demand and an infrastructure push at home, but the pace of growth is set to ease as markets await more certainty
A fire official said three people were rescued from the debris of the building in Peera Garhi area in western New Delhi. Thirty-five fire engines were at the site, and the rescue operation was continuing for some people feared trapped there.
Profits at China’s industrial firms grew at the fastest pace in eight months in November, but broad weakness in domestic demand remains a risk for company earnings next year.