Stories tagged “Industry.”
30 stories
The German industry has accelerated its growth, with the Einkaufsmanager-Index rising to 54.1 points in August, the strongest since 2022. Despite low water levels in the Rhine and unclear conditions in the Persian Gulf, the industry has shown a strong recovery.
The prices of premium banana chips and sharkkara upperi have increased due to high demand. The prices are Rs 560 per kg and Rs 520 per kg respectively. The demand for these items is so high that they are being shipped to other states like Rajasthan and Assam.
International Steels Limited (ISL) posted a strong financial performance in FY2026, with its net profit soaring 136% year-on-year to Rs. 3.7 billion, compared with Rs. 1.56 billion recorded in FY2025.
Heidelberger Druckmaschinen reported a 13% decline in sales for the first quarter, with a significant drop in revenue in the EMEA region. The company's Ebitda fell to 1 million euros, and the net loss increased to 32 million euros.
A former Mos Burger branch manager and his wife, along with six alleged ‘phantom workers’, have appeared in court for allegedly conspiring to defraud the fast-food chain of about HK$680,000 in wages.
Pakistan's automotive industry has received a major international recognition as Sazgar Engineering Works Limited, the local manufacturer of Haval vehicles, has been named among Forbes Asia’s Best Under A Billion 2026 companies.
German industry is shifting its production to Hungary due to high costs and decreased demand in Germany. Companies are attracted to Hungary's short delivery routes and low costs, aiming to regain competitiveness. This trend is expected to continue, with 60% of German comp…
Iran's space industry has continued to operate despite damage to some facilities during the recent US-Israeli war. The sector's resilience is attributed to its distributed infrastructure and domestic expertise.
A Chinese animation film, Niu Lai, has become an unlikely box-office sensation despite being widely panned by critics and social media users. The film's 'rough' and 'broken' style and confusing plot have been criticized, but it has generated significant online discussion.
Japan's centuries-old matcha tradition is facing a new challenge as demand outpaces supply. Meanwhile, China is ramping up production to meet the growing demand for the green tea powder.
The latest ranking of Taiwan, Japan, and South Korea's top 100 tech companies by market value has been released. TSMC, a Taiwanese company, tops the list with a market value of over 130 trillion yen. Japan has the most companies in the top 100, with 43 companies, followed…
A recent survey found that only 39% of Germans know about Wero, a European PayPal alternative. The service is still relatively unknown, with 31% of respondents saying they have never heard of it.
Animator and manga artist Yoshiyuki Tomino reflects on the success of 'Gundam' 20th anniversary, discussing the impact of the franchise and its influence on the anime industry.
China's security emergency equipment industry has rapidly developed since the '14th Five-Year Plan'. By 2025, the industry's scale in key areas will exceed 10 trillion yuan, forming a comprehensive industry system covering security prevention, emergency response, and secu…
From next year, property agents will have to complete at least three transactions over three years or pass a refresher examination to remain in the industry. The Council for Estate Agencies will also start collecting agents' commission data monthly and may publish aggrega…
Cardi B has responded to fans who criticize how she promotes her music, saying complaints about her releases and music videos will not make her work harder.
Thyssenkrupp's steel segment has driven the company's profit growth, despite a contraction in the industry. The company's operating profit has increased by 18% in the third quarter of 2025/26, exceeding analyst expectations.
Tiger Beer employees are preparing for a bittersweet final brew as the company relocates its operations abroad. The decision was driven by ageing brewing and packaging equipment at the Tuas facility, which would cost about as much as building a new brewery in Singapore. A…
Apollo wins bid for Easyjet in £5.7 billion takeover
Apollo, a financial investor, has won the bid for Easyjet in a £5.7 billion takeover. The company will be acquired by Apollo for £7.15 per share, with the option to remain a long-term shareholder. The takeover has been welcomed by Easyjet's founder, Stelios Haji-Ioannou, …
Low water levels on Germany’s Rhine amid heat and drought threaten economic blow
Dwindling water levels on some of Germany’s major rivers, worsened by heat and drought, are raising fears that badly constrained riverboat cargo traffic may deal yet another blow to the struggling economy.
The head of a major Russian drone manufacturer, Uraldronsawod, has been seriously injured in a car explosion in the city of Yekaterinburg. The incident comes just days after a suspected assassination attempt on the Russian air force chief in a Moscow restaurant.
Iran's electricity industry is transitioning from traditional models to advanced and resilient ones. The managing director of Iran's Power Generation, Transmission, and Distribution Management Company (Tavanir) emphasized the importance of decentralized management and sma…
Gaza is developing as an unlikely tech hub, with NGOs and Google backing tech start-ups. Young Gazans can earn money remotely as coders, software engineers, and app developers, but face obstacles like finding decent internet and electricity.
GKN Aerospace, a key California factory, halted production in late May after an overheating tank raised fears of an explosion. This has worsened shortages of a part needed for both new aircraft and routine maintenance, companies and industry sources said.
Australia confirms first mass death of seabirds from H5N1 bird flu
Australia has confirmed its first mass death of seabirds from H5N1 bird flu, with about 50 greater crested terns killed off the coast south of Adelaide. The Agriculture Minister warned of a wider spread of the virus, but there is no evidence yet of it on the country's farms.
A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels. Fiat on- and off-ramp frictions accounted for most costs and transfer delays.
Asian stocks struggled for direction in choppy trading on Thursday after a week of market turbulence sparked by artificial intelligence jitters, as a divided Federal Reserve stood pat on rates and left bond markets uncertain about the next move.
Toyota’s crown prince prepares to step into the spotlight
Daisuke Toyoda, the son of Toyota Motor’s chairman, is set to take a big step in his career by being appointed to a role at the company’s Motomachi factory. This move is symbolic as it is strategic, as the factory is one of Toyota’s oldest plants and has served as a provi…
Fauji Fertilizer Posts Rs41.8 Billion Profit in First Half of 2026
Fauji Fertilizer Company Limited reported a net profit of Rs41.8 billion for the first half of calendar year 2026, driven by higher fertilizer sales, improved margins, and strong investment income.
Azkoyen falls 20% in profits due to internal costs and lower profitability of two divisions
Azkoyen, a Spanish company, has reported a 20% decrease in profits due to internal costs and lower profitability of two divisions. The company's restructuring process has led to increased costs, and the division of Café and Vending has recorded losses of over 1.5 million …