Manufacturing

US consumer spending, inflation cool in November
While economic activity is slowing amid rising interest rates, it’s not enough to discourage US Fed from more rises.
Published On 23 Dec 2022
US extends export bans on three firms over illegal China exports
Firms sent technical drawings blueprints from US customers to manufacturers in China to 3-D print defence prototypes.
Published On 8 Dec 2022
US consumers step up spending in October as inflation cooled
Outlook was, however, darkened by news that manufacturing activity contracted in November for first time in 2.5 years.
Published On 1 Dec 2022
Asia’s factory activity shrinks as China lockdowns weigh on firms
Slumping output highlights darkening economic outlook for Asia in 2023 as China’s lockdowns upend supply chains.
Published On 1 Dec 2022

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.

Factory output shrinks in South Korea, Taiwan and Malaysia amid rising fears of a global recession.

The planemaker is trying to emerge from the overlapping crises of COVID-19 and the grounding of its best-selling model.

The cuts follow Tesla boss Elon Musk’s comments last week that a ‘recession of sorts’ was under way in China and Europe.

Investors are wary that the electric car maker may miss its growth targets due to inflation and logistical challenges.

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