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...Longi said the 30 per cent figure was “false”, though experts said the eventual job losses were likely to be higher than 5 per cent after solar module prices halved over the past year....
...Inflation-adjusted sales in German manufacturing fell 2 per cent, a worrying sign for industrial production figures due to be released on Friday....
...When we covered Jadestone Energy’s full-year figures for 2022, we ventured that “adding significant debt would be a risk given the industry’s history of running into trouble once prices dip”....
...Tesla delivered 60,365 cars from its plant in Shanghai last month, the least since December 2022, preliminary figures from the China Passenger Car Association showed on Monday....
...February’s figure was bolstered by growth of 7.9 per cent in the construction sector, reflecting unseasonably dry weather....
...Factory profits in China have retreated from a two-year high, according to official data, highlighting concerns that industrial overcapacity is complicating Beijing’s efforts to revive momentum in the world...
...Tao Wong, chief China economist at UBS, said the PMI figures indicated that export orders rebounded while domestic activity picked up in the second part of March....
...Taiwan and the Philippines publish inflation figures for April....
...Shelves are stacked with sleeping cherubs, conch shells, lions, saints – even a figure of Pope John Paul II. History looms large at Ginori 1735....
...This would be the same as last year’s figure, which was the lowest in decades....
...The figures contrast with the official PMI released on Thursday, which showed activity contracting for a second month. The official PMI puts a greater emphasis on larger, state-owned companies....
...Within the overall figures, the contraction in German business activity appeared to deepen — hit by the biggest drop in demand for four months....
...The figures, which show that China’s factory activity continues to recover despite deflationary pressures and weak external demand, follow mixed data releases in recent months for the country’s economy....
...VW, the largest foreign carmaker by sales operating in China, declined to provide excess capacity figures in the country but said the market for petrol-powered cars was still lucrative....
...A figure below 50 indicates that the sector is contracting....
...Indonesian property developer Suryacipta Swadaya announced last week that BYD will build a $1bn factory on 1.08 sq km of land in West Java province....
...The strength of demand in the UK was confirmed elsewhere in the survey, with British factories reporting an uptick in business inflows driven by the domestic market....
...The pair, who have traded supportive messages over the past year on Musk’s X platform, met at Tesla’s factory in Austin, Texas, and discussed “the need to liberate markets” and “the importance of eliminating...
...The Institute for Supply Management said its index tracking factory activity rose to a reading of 50.3 last month from 47.8 in February, surpassing economists’ expectations for a reading of 48.4....
...The soft CPI number comes as China’s economy has shown mixed signs of recovery in the first quarter of the year, with factory activity expanding for the first time in six months in March....
...Robert Carnell, head of Asia-Pacific research at ING, wrote in a note that the PMI figures came as a “slight shock” and suggested that the economy was “still struggling” despite the recent GDP figures....
...But the figures mask diverging performances between countries. The sector is being dragged down by weakness in Germany, where factory output fell 1.6 per cent in December....
...“In the 1980s manufacturing was butchered, factory after factory closed, privatisation was let rip, unemployment rocketed — the rich got richer and inequality soared,” he said....
...“However, the March figures still do not show a convincing domestic upturn.”...
...BYD has not disclosed investment figures yet because it is still in negotiations with the EU over financial support for the project, he said....
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