Breadcrumb Trail Links PMN Technology PMN Business Article content BEIJING — China’s factory activity shrank at a sharper pace in December as surging COVID-19 infections disrupted production and weighed on demand after Beijing largely removed anti-virus curbs, a private sector survey showed on Tuesday. The Caixin/Markit manufacturing purchasing managers’ index (PMI) fell to 49.0 in … Read more
The empty assembly line at the Duralex glassware factory in Orléans, France, on Nov. 15. Eleanor Beardsley/NPR hide caption toggle caption Eleanor Beardsley/NPR The empty assembly line at the Duralex glassware factory in Orléans, France, on Nov. 15. Eleanor Beardsley/NPR ORLÉANS, France — The assembly line at the Duralex glassware factory sits idle, its massive … Read more
Foxconn, the electronics manufacturing company that assembles Apple’s iPhones, apologized Thursday for the pay dispute that triggered massive employee protests, and violent police pushback, at a factory in central China where anti-virus controls slowed production. Mounting unrest at the Zhengzhou factory has persisted for at least a month, since thousands of employees staged a walkout … Read more
Hong Kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at the compound in central China. The Apple supplier made the offer Wednesday following dramatic scenes … Read more
In this photo provided Nov 23, 2022, protesters face off against security personnel in white protective clothing at the factory compound operated by Foxconn Technology Group who runs the world’s biggest Apple iPhone factory in Zhengzhou in central China’s Henan province. | Photo Credit: AP Employees at the world’s biggest Apple iPhone factory were beaten … Read more
Employees at the world’s biggest Apple iPhone factory were beaten and detained in protests over pay amid anti-virus controls, according to witnesses and videos on social media Wednesday, as tensions mount over Chinese efforts to combat a renewed rise in infections. Videos that said they were filmed at the factory in the central city of … Read more
Dow Jones futures were little changed early Wednesday, along with S&P 500 futures and Nasdaq futures. The stock market rally rebounded Tuesday, with the S&P 500 retaking the 4,000 level. A huge Apple iPhone factory in China faced riots overnight amid Covid restrictions. X Deere (DE) reports earnings early Wednesday, with DE stock in a … Read more
CNN — A fire at a factory in central China killed dozens of people on Monday, according to Chinese state-media, the latest in a string of fatal industrial accidents to hit the country in recent years. State run-newspaper Henan Daily reported Tuesday that two people previously reported missing had been found dead following the blaze … Read more
A fire at a factory in the Chinese city of Anyang in Henan province has killed 36 people, with two others injured, state media reported on Tuesday, November 23, 2022. The fire broke out at Kaixinda Trading Co Ltd in the Wenfeng District, or “High-tech Zone”, in Anyang City, the report said. The fire started … Read more
Breadcrumb Trail Links PMN Business GM, Vale and BASF are among companies won over by Canadian ambitions to create a North American battery hub. Author of the article: Bloomberg News Mathieu Dion and Yvonne Yue Li Publishing date: Nov 21, 2022 • 5 minutes ago • 5 minute read Join the conversation A residential street in Becancour. Photographer: Renaud … Read more