Firms sent technical drawings blueprints from US customers to manufacturers in China to 3-D print defence prototypes without authorisation. The US Department
Tag: Manufacturing
Asia’s factory activity shrinks as China lockdowns weigh on firms | Manufacturing
Slumping output highlights darkening economic outlook for Asia in 2023 as China’s lockdowns upend supply chains. Factory output slumped widely across Asia in
US Treasury Secretary Yellen looks to India for ‘friend-shoring’ | Business and Economy News
Supply chains, Russia’s war in Ukraine and the impact of COVID-19 were top issues for US Treasury Secretary Janet Yellen as she
Tesla stock hits two-year low after boss Musk sells more shares | Business and Economy News
Musk’s latest share sale fuelled jitters about the fallout of his Twitter buy on the world’s most valuable carmaker. Tesla Inc shares
US Fed delivers big rate hikes, signals next one could be smaller | Business and Economy News
It took note of the still-evolving impact that its rapid pace of rate hikes has set in motion, saying the target range
US manufacturing grows at slowest pace since May 2020 | Business and Economy News
Overall manufacturing falls as higher interest rates cool demand, but consumer orders continue to rise. United States manufacturing activity grew at its
Cost overruns lead to an unexpected deep loss for Boeing | Business and Economy News
The planemaker is trying to emerge from the overlapping crises of COVID-19 and the grounding of its best-selling model. Boeing Co has
Tesla cuts prices in China to boost demand | Business and Economy News
The price cuts follow Tesla boss Musk’s comments last week that a ‘recession of sorts’ was underway in China, Europe. Tesla has
Tesla stock down on growth worries | Business and Economy News
Investors are worried that the electric car maker may miss its growth targets due to inflation and logistical challenges. Shares of Tesla
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