Canadian arbitrator orders employees at 2 major railroads back to work so both can resume operating
TORONTO (AP) — Canadian arbitrator orders employees at 2 major railroads back to work so both can resume operating.
TORONTO (AP) — Canadian arbitrator orders employees at 2 major railroads back to work so both can resume operating.
The EU imposed provisional tariffs on Chinese electric vehicles with the European Commission maintaining that Chinese firms unfairly benefit from government subsidies, allowing them to keep their prices artificially low.
(Reuters) -Boeing has told suppliers it is delaying a key production milestone for its 737 MAX by six months, three industry sources said, in a sign the planemaker is struggling to boost production of its best-selling jet. Boeing's latest 737 supplier master schedule communicated to the industry calls for MAX output to reach 42 a month in March 2025, compared with a previous target of September 2024, the sources told Reuters. Boeing has been struggling to recover production of its top single-aisle passenger plane due to additional safety and regulatory checks since a door panel dramatically flew off a 737 MAX jet in midair in January.
China’s exports grew for a fifth consecutive month, in a sign of growing demand abroad even as imports fell amid a slowing Chinese economy. Exports in August expanded by 8.7% to $308.65 billion compared to the same period last year, according to data released by China’s customs office Tuesday, beating economists’ estimates of about 6.5%. Chinese leaders have ramped up investment in manufacturing to rev up an economy that stalled during the pandemic and is still growing slower than hoped.
The European Union will lower proposed final tariffs on Tesla and slightly trim rates for other electric vehicles from China after taking into account submissions by the companies, a source familiar with the matter said on Tuesday. Tesla's proposed tariff rate will drop to 7.8%, from 9%, the source said. These tariffs are on top of the EU's standard 10% import duty for cars.
Global demand could exceed 322 million cubic meters by 2035 for the gas used widely in manufacturing due to its cooling and inert properties, said the report, released in August. The global semiconductor market is expected to grow by 13.1% in 2024, according to World Semiconductor Trade Statistics, amid a strong demand from artificial intelligence applications. Helium is essential for heat management during semiconductor production and it has no viable alternatives currently.
Exclusive: Government warned ‘unobtainable targets’ being used to dismiss migrant fruit pickers at short notice
PBR expedites its re-entry into the fertilizer industry, considering a $800 million investment in a plant to enhance Brazil's agricultural sector.
Italy has called for a review of the European Union’s 2035 petrol car ban amid fears it risked triggering the industry’s “collapse”.
Electronic components maker Jabil will set up a manufacturing plant in India's southern state of Tamil Nadu with an investment of about 20 billion rupees ($238.2 million), the state's industries minister said on Tuesday. U.S.-based Jabil, a supplier to Apple, will base its plant near the city of Trichy as part of an agreement signed in Chicago that will create close to 5,000 jobs, Tamil Nadu Minister T R B Rajaa said on social media site X. "India is emerging as a key manufacturing hub," said Matt Crowley, executive vice president for global business units at Jabil.
"NEXTDC continues to see opportunity in the growing cloud and AI-led demand for digital infrastructure throughout its core Asian markets, which it believes creates strong tailwinds for NEXTDC", the firm said in a statement. NEXTDC said the capital raising will be done through a placement of A$550 million and a share purchase plan capped at A$200 million, with the placement priced at A$17.15 per share. Countries and companies are showing growing interest and demand for data centres across the Asia Pacific as the AI boom fuels demand for digital infrastructure.
Apple (AAPL) has unveiled a wave of new product releases at its "It's Glowtime" event. Creative Strategies CEO and principal analyst Ben Bajarin joins Market Domination to break down what consumers can expect from the tech giant and whether the new product offerings will drive a upgrade cycle. Bajarin believes that the new iPhone 16 will drive an upgrade cycle, arguing, "I do think that there's so much evidence that Apple has a very, very aging installed base — a good portion of the base going back to even just iPhone 12 and beyond. So you have to imagine that a lot of those folks are just up against their upgrade cycle." He explains that these customers are looking to buy new products, and Apple is in a good position as "the base iPhone 16 is probably the best base iPhone they've ever made," Bajarin says. While many investors were hoping to hear more about Apple Intelligence features, the company did not provide any updates. However, Bajarin points to the Visual Intelligence feature coming to the iPhone 16, which will allow users to take a picture of an object with the camera and receive information about it." Any additional Apple Intelligence features will be available starting from the iPhone 15, and will be available in beta to users in October. Bajarin believes that Apple Intelligence will be critical in the long-term, explaining, "I think there's just a lot of people who do need to upgrade. I think the hardware will entice them. I think the carrier promotions will entice them with the hope that Apple Intelligence continues to be very, very interesting and help sell this cycle and strengthen this cycle over time." In the immediate term, he believes that the iPhone 16's hardware will spearhead an upgrade rush. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
Even a majority of Republicans support efforts to hold manufacturers accountable for allegedly deceptive claims
An Omani state-run oil and gas company announced Monday it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward privatization in the sultanate. OQ, formerly known as the Oman Oil Co., follows moves by the Saudi oil giant Aramco and the Abu Dhabi National Oil Co. to seek to raise money through the markets. It also could provide a boost for its local Muscat Stock Exchange, long viewed as being the sleepiest among the Gulf Arab states.
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