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US FACTORIES
Maruti's plant inauguration by PMs of India, Japan 'greatest possible honour': T SuzukiSuzuki Motor Corporation President Toshihiro Suzuki expressed immense honor as Indian and Japanese Prime Ministers virtually inaugurated Ma...- US construction spending inches up in May, but homebuilding weakIn May, US construction spending edged up by a mere 0.1%, influenced by increased mortgage rates partly due to tensions in the Middle East....
- SK Hynix to spend $64 billion on chip plants under broader AI-driven investment planSK Hynix is investing a massive 100 trillion won ($64.38 billion) to build new chip plants, including a NAND flash memory facility, in Cheo...
- China’s factories cap best quarter since 2020, survey showsThis "two-speed" activity sees booming tech sectors contrasting with traditional exporters struggling due to weakening global demand. The p...
- Gold extends gains on weak jobs data, lower oil pricesGold prices climbed on Thursday, reaching a one-week high, buoyed by weaker-than-expected U.S. jobs data and a dip in oil prices. Investors...
- In Graphics: India’s wealthy cement their seat on the high tableWhile the USA remains the primary millionaire factory, India outpaced many developed markets in growth. India’s wealth is rooted in real as...
- US manufacturing activity eases in June; prices paid by factories remain elevatedUS manufacturing activity saw a slight dip in June, following a robust May. While expansion continues for the sixth month, the pace has mod...
- China imposes 'national security' rules on overseas investmentsChina is intensifying its scrutiny of investments overseas with broad "national security" regulations taking effect from Wednesday, at a ti...
- Dragon trails on AI bullet train as stocks shed most since 2001Chinese stocks are experiencing a significant downturn in 2026, with the MSCI China Index plummeting 15%, marking its worst performance glo...
- Panasonic to localise its US data centre battery production, CEO saysAutomakers and battery companies, which now face a weak market for electric vehicles in the US, are scrambling to repurpose battery factor...
- Venture capitalist Chamath Palihapitiya's 8090 raises $135 million led by Salesforce VenturesAnnounced by Palihapitiya on Monday, the round also drew participation from WNDR, Craft Ventures, The Production Board, and LAUNCH, along w...
- Trump's tariffs aren't saving jobs at Whirlpool's Iowa refrigerator plantWhirlpool's drastic decision to cut over half its Iowa plant's workforce throws a wrench in President Trump's tariff strategy designed to b...
- BAT to cut 9,000 jobs globally as the world lights fewer cigarettesBritish American Tobacco is slashing approximately 9,000 jobs globally as part of a major restructuring. This significant workforce reducti...
- Don't let AI chip off the old blockThe soaring demand for memory chips driven by artificial intelligence is leading to significant shortages that are affecting various indust...
- Volkswagen key shareholder pitches producing Chinese car models in GermanyGermany's Lower Saxony premier, a major Volkswagen shareholder, suggested producing China-developed models locally to secure jobs and boost...
- AI is plowing through the workplace. This new group wants to help people adapt and have jobsA newly formed bipartisan nonprofit named RAISE US is set to launch with over $500 million aimed at tackling job losses anticipated from ar...
- 12 bonded labourers rescued from UP factory allege torture, confinementTwelve bonded labourers, including minors, were rescued from a factory in Muzaffarnagar after enduring months of captivity and torture. Lur...
- US defence firm Anduril in talks for Nissan plant to build drones in Japan, sources sayUS defense firm Anduril Industries is reportedly in talks to acquire Nissan's Oppama assembly plant near Tokyo, aiming to produce military ...
- US manufacturing soars on front-loading of orders; factory employment tanks to six-year lowUS manufacturing activity surged in June as businesses stocked up anticipating shortages and price hikes, driven by Middle East conflict im...
- US manufacturing output unchanged in May after large gain in AprilUS factory production remained flat in May. This unexpected result followed a strong April. Output of long-lasting goods like vehicles rose...
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