Manufacturing Production Barely Rises In US For August
In August, US factory production barely rose as the output of motor vehicles dropped. Looking forward, analysts note that it could plunge even further as the United Auto Workers (UAW)…
Despite A Chinese Uptick, Global Copper Smelting Activity Largely Flat
According to new data from satellite surveillance of metal processing plants released on Tuesday, in August global copper smelting activity was largely flat for the month, as a rise in…
German Companies Increasingly Looking To Move Operations Abroad
According to a survey by the German Chamber of Commerce and Industry (DIHK), over 50 percent of German businesses believe the transition toward renewable energy and away from cheap Russian…
US Steel Rejects $7.3 Billion Offer From Rival Cleveland Cliffs
On Sunday, United States Steel Corp. announced that it has rejected a proposed $7.3 billion buyout proposal from rival firm Cleveland-Cliffs, and was now reviewing “strategic alternatives” following its receipt…
Tupperware Pops As The Latest Meme Stock Craze
Despite Tupperware Brands Corp warning it could go under, investors are still flocking to the stock, triggering a surprising rally in what some are likening to a meme-stock craze. Over…
Global New Material In Talks To Purchase Merck Pigment Unit
Merck KGaA’s pigment arm may soon be acquired by Global New Material International Holdings Ltd., a Chinese colorant producer. Talks are ongoing regarding a potential acquisition, according to people with…
Eurozone Industrial Output Misses Expectations
Data from the European statistics office Eurostat, released on Monday, showed that in the Eurozone, industrial output suffered a significant decline of 4.1% month over month in March, missing market…
Apple CEO Hails China Ties, Signaling Manufacturing Relationship Continues
On Saturday, at the China Development Forum in Beijing, Apple CEO Tim Cook said that the iPhone maker and China had “grown together” over the past thirty years, and they…
US To Partner With India On Chip Manufacture
On Thursday while traveling through India, US Commerce Secretary Gina Raimondo revealed that the United States and India will sign a memorandum of understanding on the production of semiconductor chips.…
S&P Global Report Shows Eurozone Manufacturing Continues To Contract
A new study by S&P Global shows that the weakening global demand for products has crushed Eurozone manufacturing to the lowest levels seen since the Covid-19 pandemic. In October the…
