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...The state-owned company is exploring building two European factories....
...The private Caixin manufacturing PMI is also due to be published. Japan announces its February manufacturing PMI and employment data for January....
...But to manufacture models in Europe for this price, the companies must look to cut costs further....
...With the shunto spring wage negotiations mostly concluding on Wednesday, economists expect large companies to give their unionised workers an average wage increase of more than 4 per cent, compared with...
...company performs....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Martin van den Brink, currently ASML’s technology chief and co-president alongside Wennink, will also retire next spring, the company said, after almost 40 years at the company....
...They said they expected the economy to “dip” again at the end of this year and into the “spring” of 2024, as a weakening property sector curbed growth....
...The government of Prime Minister Narendra Modi, who is seeking re-election to a third five-year term this spring, has been trying to create jobs in manufacturing, including of EVs, an area in which India...
...companies bring innovations to market....
...Brudermüller, who is set to leave BASF next spring after five years at the helm, said “growth areas” such as China were not likely to see cuts in investment....
...As we have written many times in this newsletter, Biden’s green push has always been as much about reinvigorating US manufacturing as it has been about decarbonisation....
...China’s manufacturing activity has slowed for the fifth consecutive month with the country’s manufacturing purchasing managers’ index slipping to 49.1 in February from 49.2 in January....
...Martin van den Brink, ASML’s technology chief and co-president alongside Wennink, will also retire next spring after almost 40 years at the Dutch company....
...The chancellor also confirmed plans to provide £4.5bn of funding for strategic manufacturing sectors over five years from 2025....
...After a grey autumn with a likely decline in eurozone GDP in the fourth quarter, the economy looks set to hit bottom before the turn of the year, stabilise in early 2024 and enjoy a firming upswing from spring...
...TSMC posted job adverts in the spring for engineers, offering monthly wages roughly a third higher than the average for college graduates at local manufacturing companies....
...slower than indicated by the earlier ‘flash’ PMI reading, the downturn in UK service sector output was the greatest seen since the beginning of this year and stood in contrast to solid growth during the spring...
...What’s more, the complaint says, “Chinese companies — primarily state-owned companies — have become leaders in financing, building, operating and owning port terminals around the world.”...
...But Volkswagen is also a company that is making huge investments in new technologies, such as battery manufacturing — with Benner citing the enthusiasm of Daniela Cavallo, who has headed VW’s works council...
...Some argue that ideally every screw and spring should be British-made. Christopher Ward celebrates its 20th birthday next year....
...A survey last month of 400 senior managers in the UK manufacturing industry covering sectors from construction and machinery to automotives and food found that three-quarters backed the introduction of a...
...announced in Spring, to 30%, benefiting a further 5,000 SMEs....
...Emissions in Germany have fallen to their lowest levels since the 1950s — mainly because of manufacturing moving abroad....
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