India’s factory activity growth hit a two-year low in October as new orders and output rose at a slower pace, dragging business confidence to its weakest since early 2017, a survey showed on Friday, suggesting more policy easing is on the cards.
Profits at China’s industrial firms rose for the first time in sixth months, suggesting the country’s economic recovery is gaining traction and brightening the outlook for manufacturing investment and jobs.
China’s factory activity picked up pace in June, official data showed on Tuesday, although analysts warned weak global demand and a potential coronavirus resurgence are weighing on its longer-term recovery.
Japan’s industrial output fell for a fourth straight month in May to the lowest level since the global financial crisis and the jobless rate hit a three-year high, underscoring the broad economic pain caused by the coronavirus.
There were an estimated 186 workers at the factory outside the town of Hendek, in Sakarya province.
Bangladeshi garment factories have been given a lifeline with orders to make protective masks, gloves and gowns for export.
It’s no secret that garment workers in India and Bangladesh face some of the worst working conditions on the planet, but when you combine already horrific conditions with a pandemic – it becomes a crisis.
The extinguishing operations continued for one hour, followed by the cooling processes. No casualties were reported, the civil defense added.
South Korea’s Hyundai Motor and affiliate Kia Motors turned in their lowest sales in seven years in 2019 as business in China slumped, missing their target for a fifth straight time, but forecast better numbers for 2020.