Surpluses of low-carbon aluminium as production ramps up Automakers, consumers pay modest premiums for green metal Climate benefits as aluminium most energy-intensive metal LONDON, Dec 17 (Reuters) – Aluminium makers are set to boost low-carbon metal output by 10% in 2023 and churn out even more in the years ahead, driving down the cost for … Read more
China‘s economic output is likely to exceed 120 trillion yuan ($17.2 trillion) this year, state media quoted a senior Chinese Communist Party official as saying on Saturday. COVID-induced disruptions, weaker demand at home and abroad, and a property downturn have brought headwinds to the world’s second-largest economy this year. “There is a gap between economic … Read more
SHANGHAI (Reuters) – China’s economic output is likely to exceed 120 trillion yuan ($17.2 trillion) this year, state media quoted a senior Chinese Communist Party official as saying on Saturday. COVID-induced disruptions, weaker demand at home and abroad, and a property downturn have brought headwinds to the world’s second-largest economy this year. “There is a … Read more
China’s economy continued to struggle in November, official data showed on Thursday, with both industrial production and retail sales missing estimates. According to the National Bureau of Statistics, industrial output rose 2.2% year-on-year, well below expectations for 3.6%. It was also down significantly on October’s 5.5% gain. Month-on-month, industrial production fell 0.31% on a seasonally-adjusted … Read more
Live news: Weak Chinese economic data point to flagging output and demand Financial Times Source link
Small and medium businesses have contributed 36% of India’s total manufacturing output, which is basically 1/3rd of the country’s output go to SMBs and this sector is expected to contribute over 2 trillion dollars of the economy and create 50 million additional jobs by 2024, There is a tremendous amount of need emerging for technology … Read more
WATCH: TMC’s Mahua Moitra slams centre over fall in industrial output, other economic indicators, asks who is ‘Pappu’ now? | (SANSAD TV/PTI Photo) New Delhi: West Bengal ruling party Trinamool Congress’s MP Mahua Moitra on Tuesday questioned the Centre’s handling of the economy in the Lok Sabha. Moitra in a speech asked “who is the … Read more
New Delhi: India’s annual industrial output contracted 4 per cent in October, its weakest performance in 26 months, after revised growth of 3.5 per cent in September, data released on Monday showed, as rising interest rates and slowing global growth dampened consumer demand. Analysts polled by Reuters had expected expansion of 0.3 per cent in … Read more
SHANGHAI, Dec 9 (Reuters) – Tesla Inc will suspend Model Y assembly at its Shanghai plant between Dec. 25 and Jan. 1, according to an internal memo detailing the automaker’s latest production plan, reviewed by Reuters, and two people with knowledge of the matter. The suspension of assembly at the end of the month would … Read more
MEXICO CITY, Dec 6 (Reuters) – Mexico’s auto parts production will likely hit a record of nearly $107 billion this year, up almost 13% from last year, the director of the national auto parts lobby INA announced on Tuesday. Mexico’s massive car making and auto parts sector is a key driver for the country’s manufacturing … Read more