According to Bloomberg News, “Wal-Mart is counting on its online operations to help fuel sales as it grapples with a slowdown both at home and abroad. The Indian website is only for existing users of its members-only cash-and-carry stores and may help draw orders from small businesses more than 20 kilometers (12 miles) from outlets…
According to a report by Forbes, “Global healthcare major Abbott Laboratories has agreed to acquire Russian pharmaceutical company Veropharm for between 13.6 billion and 17 billion rubles ($395 million – $495 million) in an all-cash deal. Veropharm is one of the leading generic drug manufacturers in Russia and the deal is likely to give Abbott…
According to CBS News, “BMW, Chrysler, Ford, Honda, Mazda, Nissan and Toyota will all recall cars at the U.S. government’s request because their air bag inflators could rupture. If that happens, the air bags might not work properly in a crash, and shards from the ruptured system could fly out and cause injury.”
Economists and shipping and oil company A.P. Moeller-Maersk A/S are stunned over China’s rejection of a freight agreement that would have changed the way countries handled imports and exports.
L&T’s chairman AM Naik spoke with the Economic Times regarding the state of jobs in India — specifically in the manufacturing and trade industries. The India-based engineering and technology firm wants the government to recognize just how the country’s current economy is keeping India from achieving global success with these sectors.
According to the Daily Mail, “About 250 Ford Australia workers will lose their jobs at the car manufacturer’s Broadmeadows and Geelong factories, it has been revealed. The Australian Manufacturing Workers Union have confirmed to Daily Mail Australia these redundancies were a long time coming, with Ford flagging jobs were at risk earlier this year as…
Canadian manufacturing has been consistently low up until April, when Alberta factory sales numbers reached 10.7 percent for a total of $6.6 billion in spending – the best in the country.
According to Fifa.com, “Nine days ahead of the Opening Game of the 2014 FIFA World Cup™, FIFA and its Partner Hyundai/Kia staged a ceremony at the Arena de Sao Paulo where a dedicated transportation fleet of over one thousand vehicles was ceremonially handed over for usage during the event.”
Economists say a weakening ruble, as well U.S. and European sanctions, could wane on an already distressed Russian manufacturing sector. The unstable ruble has already prompted French carmaker Renault to ease off plans to manufacture vans through ZIL (a Russian truck-maker).
The Turkish Manufacturing Purchasing Managers’ Index (PMI) dipped just slightly to 51.1 in April from 51.70 in March. Inflated input prices and slow growth of output prices may be to blame.