manufacturing
Paris (AFP) - Microsoft on Sunday announced four billion euros in investment for developing data centres in France, joining fellow US giant Amazon in committing to the country's tech infrastructure. The announcements came on the eve of the seventh Choose France Summit, the aim of which is to attract foreign investors to the country. Macron will host it at the Chateau of Versailles near Paris. Microsoft's president Brad Smith told AFP the move to strengthen its artificial intelligence and cloud computing infrastructure was the tech giant's biggest-ever investment in France since its arrival 41 ...
AFP
Greensboro (United States) (AFP) - Growing up, Devante Cuthbertson assumed he might have to leave his North Carolina hometown to pursue a career, but a new multi-billion-dollar Toyota battery plant is offering him a reason to stay put. The 28-year-old from Greensboro is among students of an apprenticeship program at Guilford Technical Community College, working three days weekly with the automaker with an eye on future employment. "At one point, I felt maybe I'd go to a different state or a different country and try different job avenues," Cuthbertson told AFP. But when the Toyota tie-in "cam...
AFP
Washington (AFP) - Activity in the US manufacturing sector shrank for a third straight month in January, hovering at the lowest levels since May 2020 as new orders and production slumped, according to survey data released Wednesday. The gloomy figure comes as demand softens on the back of the central bank's rapid interest rate hikes. The Institute for Supply Management's (ISM) manufacturing index slipped one percentage point to 47.4 percent in January, from 48.4 percent in December. This was a touch below analyst expectations and also lower than the 50 percent threshold indicating growth in th...
AFP
Washington (AFP) - US manufacturing activity contracted for a second month in December, remaining at the lowest levels since May 2020 as new orders and production slipped, survey data showed Wednesday. The world's biggest economy has been squeezed by decades-high inflation, prompting the central bank to raise interest rates multiple times in an all-out campaign to ease demand and rein in cost increases. While the domestic economy has largely held up, there are growing signs the Federal Reserve's policy moves are rippling through sectors -- adding to broader factors like slowing global activity...
AFP
Washington (AFP) - Industrial production in the United States slumped in November with "broad based" decreases, the Federal Reserve said Thursday, as output for bigger-ticket consumer products and manufacturing fell. While tangled supply chains and surging costs which weighed on businesses are easing, in a boost to production, firms are now contending with weakening demand as interest rates rise. The Fed has raised its benchmark lending rate seven times this year in an effort to cool the world's biggest economy, making borrowing more expensive with policy effects rippling across sectors. Total...
AFP
Washington (AFP) - US manufacturing growth slowed in September to its weakest pace in more than two years amid a decline in orders, as well as easing price pressures, according to an industry survey released Monday. The Institute for Supply Management said its manufacturing index dropped 1.9 points to 50.9 percent, well below expectations and just barely above the 50-percent threshold indicating expansion. It was the weakest result since May 2020, ISM said. "The US manufacturing sector continues to expand, but at the lowest rate since the pandemic recovery began," ISM manufacturing survey chai...
AFP
Washington (AFP) - Boeing delivered a 787 Dreamliner to American Airlines on Wednesday, the first of that aircraft to be sent to a customer in over a year due to defects discovered in the plane. US air safety regulators on Monday cleared the aviation giant to resume deliveries of the top-selling widebody after Boeing made changes to its production process. "We have resumed 787 deliveries, following our thorough engineering analysis, verification and rework activities to ensure all airplanes conform to Boeing's exacting specifications and regulatory requirements," a company spokesperson confirm...
AFP
Washington (AFP) - After more than a year, aviation giant Boeing will be allowed to resume deliveries of its 787 Dreamliner aircraft "in the coming days," after the company made changes to its manufacturing process, US air safety regulators announced Monday. Deliveries of the top-selling widebody plane have been halted since spring 2021, so the news will be welcomed by US airlines and travelers who have suffered from massive delays and canceled flights in recent weeks, partly due to the shortage of aircraft. "Boeing has made the necessary changes to ensure that the 787 Dreamliner meets all cer...
AFP
Washington (AFP) - Aviation giant Boeing will be allowed to resume deliveries of its 787 Dreamliner aircraft "in the coming days," after the company made changes to its manufacturing process, US air safety regulators announced Monday. Deliveries of the top-selling widebody have been halted since spring 2021, but "Boeing has made the necessary changes to ensure that the 787 Dreamliner meets all certification standards," the Federal Aviation Administration said in a statement. Acting FAA Administrator Billy Nolen met with safety inspectors in South Carolina last week to confirm they were satisfi...
AFP
Washington (AFP) - The US manufacturing sector continued to grow in July, but the pace was impacted by dimming demand while price increases have slowed dramatically, according to an industry survey released Monday. And amid a tight American job market, hiring slowed for the third straight month, but firms are reporting less trouble filling open positions and no signs of layoffs, the Institute for Supply Management's latest report showed. But firms continue to have trouble filling orders due to ongoing problems getting materials. ISM's manufacturing index dipped to 52.8 percent, just two-tenths...
AFP
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