The latest reports show that Japan looks good as the main Asian manufacturer of the latest Boeing model. The latest move is a continuation of the agreement with Boeing that has seen Japan building its planes for almost two decades.
Bad news for Russia all around as Standard & Poor’s downgrades the country’s credit rating to near junk. The Russian economy has not been growing at a rate that would suggest the country will dust itself off from the rating anytime soon.
As of May 1, infant formula manufacturers will face new, stricter regulations by the Chinese government. Analysts expect the move will primarily affect infant formula companies based in New Zealand.
The cost of coffee, including by-the-cup and grocery store bag sales, is expected to rise in cities all over the world due to a coffee manufacturing shortage related to drought in Brazil, exporter of one-third of the world’s coffee supply.
Analysts believe several factors are now coming together to rekindle the British economy, and manufacturing is at the top of the list with confidence soaring as companies return to top production rates.
In the latest report from Global Post, “Japanese carmaker Toyota said employees at its strike-hit complex in southern India returned to work Tuesday [April 22], ending a five-week standoff.” The Bidadi Toyota plant was recently under fire by its own employees. The workers cited pay issues that stemmed from an eight-day lockout that took place…
Economists are gaining confidence in Canada’s manufacturing sector. February was a particularly strong month for auto and energy manufacturing. The latest numbers show the country may be on its way out of the economic slump that has weighed heavily on all its industries since 2008.
Gothenburg, Sweden announced its latest plans to abolish the six-hour workday. According to a report by the Atlantic, “The governing coalition has proposed a year-long trial that would divide some municipal workers into a test and control group at the same pay rate, with the test group working six-hour days and the control group working…
According to a report by the Wall Street Journal, on April 16, GE, “[…] announced its first micro-factory, FirstBuild(TM), will be in Louisville, Ky., GE Appliances’ headquarters. This follows the March 13, 2014, announcement that GE is partnering with Local Motors, the open-source hardware innovator, to create a new model for the manufacturing industry.”
Japan and Australia recently finalized a trade agreement that was seven years in the making. The trade deal is set to decrease duties on Australian agricultural products – a move that benefits Japan. Additionally, Australia will see deals in future purchases of Japanese electronics.