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| Foxconn, beware of competitions |
10/27/2020 |
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Foxconn, has set up a task force to fend off the growing clout of Chinese electronics manufacturers. Dongguan-based Luxshare 002475.SZ, which is little-known internationally but is poised to become the first mainland China-headquartered firm to assemble iPhones - a turf until now dominated by Taiwanese manufacturers.
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| Long time Samsung chairman die at 78 |
10/27/2020 |
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Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics.
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| CEO Confidence Index up rapidly |
10/26/2020 |
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CEOs anticipating increased spending over the next 12 months, up from only 15 percent earlier in the quarter. Moreover, 36 percent foresaw upward revisions in capital spending beyond the next 12 months.
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| Every crisis presents an opportunity for manufacturing reinvention |
10/26/2020 |
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Fast forward to today, the pandemic gives manufacturers yet another chance at reinvention. Sure COVID-19 has wreaked havoc with the supply chain but the landscape this time is even more favorable for a reboot. For one thing, repatriation is making a comeback.
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| FDA approved remdesivir for Covid-19 treatment |
10/26/2020 |
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“Today’s approval is supported by data from multiple clinical trials that the agency has rigorously assessed and represents an important scientific milestone in the COVID-19 pandemic.”
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| Boeing tests Covid-19 rapid cleaning tools for flight cabinet |
10/23/2020 |
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Testing was conducted on an unoccupied Boeing airplane against a live virus called MS2 over the summer. The University of Arizona, Department of Environmental Sciences correlated those results to SARS-CoV-2, the virus that causes COVID-19, in a protected laboratory environment.
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| GM to bring back the Hummer in EV version |
10/23/2020 |
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General Motors is among them, and on Tuesday its GMC brand introduced a new electric Hummer pickup, with a high-end version due in showrooms sometime in the fall of next year.
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| FCA made agreement with city to hire 4,100 Detroit residents |
10/23/2020 |
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The auto giant is obliged to employ at least 3,850 Detroiters at the Mack assembly plant under a development deal with the city for the land where plant is being built. If the remaining 250 workers who have been hired are not employed at Mack, they could be sent to work at any of Fiat Chrysler's other plants in Detroit or the suburbs.
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| Cathay Pacific Airways cuts 8,500 jobs |
10/22/2020 |
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About 5,300 employees based in Hong Kong and another 600 elsewhere will likely lose their jobs, and 2,600 unfilled positions will be cut. The cuts are about 24% of the company’s workforce,
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| Justice Department filed antitrust against Google |
10/21/2020 |
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The lawsuit marks the government’s most significant act to protect competition since its groundbreaking case against Microsoft more than 20 years ago. It could be an opening salvo ahead of other major government antitrust actions, given ongoing investigations of major tech companies including Apple, Amazon and Facebook.
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| NATO to setup its own space center |
10/21/2020 |
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“Some nations – including Russia and China – are developing anti-satellite systems which could blind, disable or shoot down satellites and create dangerous debris in orbit. We must increase our understanding of the challenges in space and our ability to address them,”
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| American Airlines start to schedule Max 737 flights for year end |
10/21/2020 |
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A spokeswoman for American said Monday that the airline plans to operate a single daily Max flight from Dec. 29 through Jan. 4 between Miami and New York’s LaGuardia Airport, and American is reviewing its plans beyond that. American will begin taking bookings for the flights on Friday.
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| Small nuclear reactors can backup renewable energy generations |
10/20/2020 |
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“The ideal world for utility companies and their customers, and the most cost-effective, are portfolios containing a high percentage of low-cost renewables, backed up by stable, carbon-free nuclear energy that is available 24 hours a day, 365 days a year.”
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| China tighten sensitive technology export |
10/20/2020 |
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Under the law, China can take “reciprocal measures” toward countries or regions that abuse export controls and threaten its national security and interests.
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| U.S. retail sales jumped 1.9% |
10/19/2020 |
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Much of last month's growth came from clothing stores, where sales rose 11%. At auto dealerships and auto part shops, sales were up 3.6%. And those looking to go camping or buy exercise equipment for their homes sent sales at sporting goods stores up 5.7%.
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