Manufacturing

US tech firms grapple with latest curbs on China’s Inspur
US tech firms are assessing if they need to halt sales to Inspur’s subsidiaries as the parent is on an export curb list.
Published On 7 Mar 2023
China’s factory output smashes forecasts with decade-high growth
Manufacturing Purchasing Managers’ Index hits its highest reading since 2012 after Beijing’s lifting of COVID curbs.
Published On 1 Mar 2023
US govt to chip makers: Share profits if you want subsidies
The plan requires firms that want subsidies to share future profits with government and provide childcare for employees.
Published On 1 Mar 2023
Mexico approves new Tesla plant in northern Mexico
Mexican President Andres Manuel Lopez Obrador announced the decision on Tuesday following a call with Elon Musk.
Published On 28 Feb 2023

While economic activity is slowing amid rising interest rates, it’s not enough to discourage US Fed from more rises.

Firms sent technical drawings blueprints from US customers to manufacturers in China to 3-D print defence prototypes.

Outlook was, however, darkened by news that manufacturing activity contracted in November for first time in 2.5 years.

Slumping output highlights darkening economic outlook for Asia in 2023 as China’s lockdowns upend supply chains.

Taiwanese tech giant says ‘technical error’ to blame for pay dispute that saw workers clash with police.

Mutual concern over China has drawn US and India closer in recent years, including to reorient supply chains.

Musk’s latest share sale fueled jitters about the fallout of his Twitter buy on the world’s most valuable carmaker.

Rising energy and food prices, sparked by the Russia-Ukraine war, and shrinking forex reserves have hit Bangladesh.

It took note of the still-evolving impact that its rapid pace of rate hikes has set in motion.

Overall manufacturing falls as higher interest rates cool demand, but consumer orders continue to rise.

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