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FACTORY CLOSURES CHINA
China out, India in? The Japanese begin a quiet but powerful pivotJapanese banks are increasingly shifting their Asia strategy from China to India and Southeast Asia as slowing growth, rising costs and geo...- Europe's green jet fuels see upside in Iran warEurope is looking at synthetic jet fuel to reduce reliance on foreign oil. The Iran war has made this cleaner fuel more attractive. While p...
- Has China eaten Europe's lunch? A Brussels-Beijing battle is brewingEurope is adopting a tougher stance against China's industrial practices. A new strategy aims to protect European industries from unfair co...
- Volkswagen labour leaders stand by 'red line' on plant closuresIn a firm stand against potential factory closures in Germany, Volkswagen's labor representatives have voiced their commitment to preservin...
- Soaring inflation and plummeting economy test Iran's ability to withstand war and US blockadeIran faces severe economic hardship due to war and US sanctions. Prices for essentials like food and medicine have surged. Job losses and b...
- Village braces for closure of Spain's largest nuclear plantAs Spain eyes a greener future, the Almaraz nuclear plant stands at a crossroads. Set for closure by 2028, the facility's fate is now up in...
- Chinese firm shuts Gwadar plant in Pakistan, lays off workers amid lossesA Chinese firm has ceased operations in Gwadar citing business difficulties. This development raises concerns ahead of Prime Minister Shehb...
- China's March exports slow as Iran war wipes out AI-driven gainsChina’s export growth slowed sharply in March to 2.5%, a five-month low, as the impact of the Middle East conflict and rising energy costs ...
- China's economic slowdown deepens as public confidence wanesAcross both major cities and smaller regions, people describe a downturn marked by layoffs, business closures, and weakening private enterp...
- Nissan closes its Oppama plant in Japan to cut costsNissan will shut down its main Oppama factory in Japan to reduce expenses. Production will shift to Nissan Motor Kyushu by March 2028. The ...
- China sees surge in worker protests over unpaid wages, factory closures and US tariffsChina is experiencing a surge in worker protests due to unpaid wages and unfair layoffs, exacerbated by factory closures resulting from US ...
- Inside factories in China, a struggle to survive Trump's tariffsChinese factories in Guangzhou face challenges as President Trump's tariffs reach 125%, causing order cancellations and uncertainty. Small ...
- Tesla halts most production at Shanghai plantShanghai is in its sixth week of an intensifying COVID-19 lockdown that has tested the ability of manufacturers to operate amid hard restri...
- S Korean shipbuilding giant shifts out of ChinaAccording to its proposal, Samsung would pay one month of salary for every full year of employment, plus one more month of salary and reemp...
- Global supply chain is in a crisis. Here are the issuesEmerging countries have faced a sudden surge in demand for their raw materials as economies reopen and recover from the Covid pandemic.
- Coronavirus hits retail: Uniqlo shuts almost half of 750 China stores, Burberry sees 80% decline in footfallL'Oreal, too, joined the growing list of brands that have expressed concern.
- Abrupt yuan rise would trigger havoc in China: ExpertsA sudden change in the yuan's value could set off a chain reaction of factory closures & layoffs across the networks that drive China's exp...
- China's foreign investment falls 36.5 pcForeign investment in China dropped sharply in November, battered by a slump in global demand that has led to a wave of factory closures, a...
- 1,500 jobless as another China factory shuts: ReportHong Kong-listed appliance maker shut its southern China factory on Monday, state media reported, making it the latest victim of the world ...
- China shuts 1,000 factories near polluted lakeMore than 1,000 polluting factories have been closed down near China's third largest freshwater lake after it was choked by an algae bloom ...
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