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Japan begins Closing all Factories in China and moving them back
Japan is about to hit Covid Cover Uppers China with a massive manufacturing exodus following the Coronavirus pandemic that has brought the world to its knees.
Japanese Prime Minister Shinzo Abe has proposed “building an economy that is less dependent on one country, China, so that the nation can better avoid supply chain disruptions.” reports Nikkei Asia Review.
The plans have sent chills down...
South Africa Unexpectedly Slides Into Recession For The First Time Since 2009
With South Africa reeling amid concerns of land expropriation, the rand tumbling amid broad emerging market fears and the local economy pressured by collapsing consumer spending, moments ago the Pretoria-based Statistics South Africa announced that Q2 GDP contracted at a 0.7% annualized rate, missing expectations of a 0.6% increase, and together with the sharp drop in Q1 GDP, South Africa has now...
Mexican police shuts down drug cartels' firearms manufacturing units
A joint operation between US special forces and the Mexican Federal Police has resulted in the discovery of two firearms manufacturing units in the Mexican city of Guadalajara.
Drug traffickers and the mafia in the state of Jalisco had succeeded in manufacturing over 100 AR-15 assault rifles using high-tech equipment and parts imported from the United States.
Eighteen functioning rifles were seized...
Google develops robots to replace people in manufacturing, retail
Now that the mystery surrounding the elusive Google barges in the San Francisco Bay reported last month has been brought to light, the Silicon Valley giant is announcing another new endeavor: robots.
Yes, robots. Speaking to the New York Times for an article published this week, Google exec and former Android CEO Andy Rubin revealed that the search engine company’s next big project is predictably...
France, eurozone countries' manufacturing shrinks in December
The Euro logo outside the headquarters of the European Central Bank, Frankfurt am Main Germany.
Manufacturing sectors in France and other eurozone countries have entered 2013 in a downward trend as new data shows a decrease in demand of orders.
Contractions of manufacturing in the eurozone in December included all top four economies in the bloc, according to Markit’s manufacturing Purchasing Managers’...
Google could return manufacturing from China
Google’s new media device the Nexus Q is making headlines not just because of its technology, but due to the one noteworthy feature: unlike most of today’s hi-tech products, it is being manufactured in the United States.
The Google team decided to build the device in the US as an experiment in American manufacturing which has been in decline for decades. “We’ve been absent for so long,...