Tag: world news
UK car production slumps, while EV manufacturing surges in 2022
The latest result rounds off a volatile year for UK car production, with output down by 17.9 per cent in the month after growth in October and November, with most of the year’s volume loss occurring in the first half.
Global CEO confidence collapses to bleakest record in 12 years
Chief executive officers around the world are expecting a bleak future, with nearly three-quarters of them believing that global economic growth will decline over the next 12 months.
Small business optimism declines as expectations for better business conditions worsens in December
The NFIB Small Business Optimism Index declined 2.1 points in December to 89.8, marking the 12th consecutive month below the 49-year average of 98.
SK Geo Centric signs MOU at CES 2023 with Plastic Energy to complete a...
SK Geo Centric, a subsidiary of SK Innovation’s, has signed a contract with British company Plastic Energy, which specializes in plastic pyrolysis, completing the “last puzzle” of the world’s first plastic recycling complex to be built in 2025.
L3Harris receives VAMPIRE contract for Ukrainian security defence efforts
L3Harris Technologies has announced receiving a $40 million Department of Defense contract to deliver 14 Vehicle Agnostic Modular Palletized ISR Rocket Equipment -- or VAMPIRE™ multi-purpose weapons system - to strengthen Ukrainian security defence efforts.
Foxconn partners with NVIDIA to build automated electric vehicles
Media Release by NVIDIA
NVIDIA and Hon Hai Technology Group, the world’s largest technology manufacturer, recently announced a strategic partnership to develop automated and autonomous...
US manufacturing sector sees fastest PMI deterioration in December
US manufacturers have seen a steep decline in the health of the industry during the last month of 2022, according to the latest PMI...
AIB Ireland Manufacturing PMI: New orders fall at faster rate in December
The Irish manufacturing sector recorded a second month of deteriorating operating conditions in December as new orders fell sharply, according to the latest AIB PMI® data.
Eurozone’s final manufacturing PMI in 2022 rises to 3-month high
Eurozone’s manufacturing sector has eased up further in the last month of 2022 following softer inflationary pressures and more stable supply-chain conditions created some respite for goods producers.
New business index drags down US PMI Composite Output in December
December has seen a further decline in output for US private sector firms, according to the latest flash PMI data from S&P Global.
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The future of sports manufacturing: Inside M2M Group’s AI-powered strategy
As the sports manufacturing industry evolves, artificial intelligence (AI) is emerging as a critical catalyst for innovation and efficiency.
