As a bullet train speeds by in the background, a tank of liquid hydrogen towers over solar panels and hydrogen fuel cells at Panasonic’s Kusatsu plant in Japan. Combined with a Tesla Megapack storage battery, hydrogen and solar can provide enough electricity to power the site’s Ene-Farm fuel cell plant. Hornyak Team As high-speed trains …
Activity in the services sector picks up in November Employment rebounds; supplier deliveries are improving Factory orders rise 1.0% in October WASHINGTON, Dec 5 (Reuters) – U.S. service-sector activity unexpectedly accelerated in November, with employment rebounding, offering further evidence of underlying economic dynamics. economy as it prepares for an anticipated recession next year. Monday’s Institute …
The US service industry is picking up; factory orders are accelerating Read More »
Aerial view of containers stacked at Qinzhou Port on August 15, 2022 in Qinzhou, China’s Guangxi Zhuang Autonomous Region. China News Service | Getty Images U.S. logistics officials are bracing for delays in the delivery of goods from China in early January due to canceled container ship departures and export transfers by ocean carriers. Carriers …
Factory orders from China down 40% in relentless slump in demand Read More »
Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …
Chinese factory activity data falls short of expectations; Asia-Pacific markets mixed Read More »
Comment this story Comment People who have walked around Austin recently may have seen Elon Musk. But not the real person. Instead, they may have seen a sculpture of Musk’s head atop the body of a goat riding a rocket, all attached to a trailer. Complete with what appear to be flames shooting from the …
Crypto Company Stunt Brings Giant Musk ‘Goat’ Statue to Tesla Factory Read More »
hong kong CNN Business — A violent uprising by workers at the world’s largest iPhone factory in central China this week further clouds Apple’s strained supply chain and highlights how the country’s tough zero Covid policy is harming to global technology companies. The unrest began last month when workers left the factory campus in Zhengzhou, …
Apple has a huge problem with its supplier’s iPhone factory in China | CNN Business Read More »
hong kong CNN Business — Foxconn has offered to pay newly hired workers 10,000 yuan ($1,400) to resign and leave the world’s largest iPhone assembly plant, in a bid to quell protests that have seen hundreds of clashes with security forces in central China compound. The Apple supplier made the offer on Wednesday following dramatic …
Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …
Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest Read More »
Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly plant were seen confronting police, some in riot gear, on Wednesday, according to videos shared on social media. Videos show hundreds of workers confronting law enforcement officers, many wearing white hazmat suits, at the Foxconn campus in China’s central city of Zhengzhou. In the …
BEIJING (AP) — Workers at Apple’s world’s largest iPhone factory were beaten and detained during protests over pay amid virus checks, according to witnesses and social media videos on Wednesday, as tensions mount over Chinese efforts to tackle a further rise in infections. Videos that said they had been filmed at the factory in the …
Workers protest and are beaten at virus-hit Chinese iPhone factory Read More »
