According to a recent Gulf News report, “Dubai FDI, the investment development agency in the Department of Economic Development (DED) has assisted one more multinational move to Dubai for broader market access and expansion with Lindt & Sprungli, the famous Swiss manufacturer of premium chocolates, establishing its representative office in the emirate.”
It was recently discovered that a GlaxoSmithKline pharmaceutical plant located in Ireland, held contaminated drug ingredients that possibly affected supplies of weight-loss drugs shipped to the United States and Puerto Rico. The supplies have since been recalled; however, according to Reuters, officials believe the plant didn’t act fast enough for proper safety precautions.
The Environmental Protection Agency (EPA) has set forth a bill to ban wood-burning stoves, a move that could dampen fires for many stove manufacturers across the United States.
China’s March manufacturing numbers are out and the data shows that the country’s economy is weak, but not completely doomed. Some analysts see the latest numbers as a light at the end of a long, eight-month tunnel. The most recent evaluation of the purchasing managers’ index (PMI) in March shows a slight increase at 50.3…
More oil and gas is snaking its way through Dammam, Saudi Arabia as GE starts work on a new manufacturing site that’s slated to excite the growing economy.
According to a recent report by Forbes, “The United States and European Union are negotiating what would be the world’s largest bilateral trade agreement, the Transatlantic Trade and Investment Partnership (T-TIP).” “A key objective on both sides of the Atlantic is to eliminate duplicative or contradictory regulations and align differing standards in order to simplify…
According to a recent report by Reuters, “Drugmaker GlaxoSmithKline plans to invest up to 130 million pounds ($216 million) in Africa over the next five years as chronic diseases become more common among the continent’s swelling urban middle classes.”
According to Market Watch, “The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index, prepared by Markit, fell to 51.3 from 52.5 in February, but still remained above the 50 mark for the fifth straight month, according to a survey released Tuesday. Readings above 50 indicate expansion; those below that level indicate contraction.”
Boeing, a global titan in aerospace manufacturing, has announced plans to cut around 300 Australian-based manufacturing jobs. According to Bloomberg News, “The jobs will be eliminated by the end of the year, Boeing spokeswoman Caroline Bell said today in an e-mailed statement.” Although Boeing is a U.S.-based company and top exporter, Australia remains Boeing’s second…
The latest numbers from March 2014 supports recent reports regarding yearend confidence for the revival of U.S. manufacturing. According to Bloomberg News, “The Institute for Supply Management’s index increased to 53.7 from 53.2 a month earlier, the Tempe, Arizona-based group said today. Readings above 50 indicate expansion. The median forecast in a Bloomberg survey of…