ISTANBUL — Two gunmen took seven hostages at a factory owned by U.S. company Procter & Gamble in northwest Turkey on Thursday, according to media reports, apparently in protest of the Israel-Hamas war in Gaza. Turkish media published an image of one of the purported suspects inside the factory, a man wearing what appeared to … Read more
Several bills, each with a value of 100 Chinese renminbi, lie on a table. Johannes Neudecker | Picture Alliance | Getty Images China’s factory activity expanded for a third-straight month in January, a private-sector survey showed on Thursday, helped by the first expansion in new export orders in seven months. Thursday’s print though, extended a … Read more
Tesla will spend $500 million to build one of its so-called “Dojo” supercomputers at its Buffalo, New York factory, the state’s governor Kathy Hochul said Friday during a news conference just days after CEO Elon Musk called the project a “long shot.” Tesla’s decision was “informed by New York’s reliable power supply, strong talent pipeline and … Read more
BMW has signed a first-of-its-kind deal to put “humanoid” robots to work at one of its factories. The robots, which are designed to be more operationally flexible than traditional industrial robots, will supposedly assist the luxury car manufacturer with various parts of the manufacturing process. Warning! Microsoft Wants ChatGPT to Control Robots Next The robots … Read more
LG Electronics has opened its first electric vehicle (EV) charger facility outside of South Korea — in Fort Worth, Texas — to capture a share of North America’s competitive EV charging market. Its new EV charging station factory, spanning 59,202 square feet, has the capacity to produce more than 10,000 chargers per year, LG said … Read more
BERLIN — Tesla says it’s temporarily halting most production at its German factory because of attacks in the Red Sea, a vital global shipping corridor. The electric vehicle maker said in a statement Thursday night that its factory near Berlin, which makes Model Y vehicles and batteries, will pause from Jan. 29 to Feb. 11. … Read more
Tesla is reportedly giving all workers in its US factories a pay rise. This is undoubtedly good news for said workers, though it’s unlikely the company is doing this out of the goodness of its heart. Bloomberg reports that Tesla announced a “market adjustment pay increase” for its US workers via a flyer posted in … Read more
By Ronen Zvulun AL BUREIJ, Gaza (Reuters) – Israeli forces located what they said was the largest weapons production site so far found in Gaza, with underground workshops they said were used to produce long-range missiles capable of hitting targets in northern Israel. The military said that in addition to missiles, the workshops produced copies … Read more
MADRID — Spain’s Royal Tapestry Factory has been decorating the walls and floors of palaces and institutions for more than 300 years. Located on a quiet, leafy street in central Madrid, its artisans work with painstaking focus on tapestries, carpets and heraldic banners, combining the long wisdom of the craft with new techniques. The factory … Read more
Shanghai cityscape at night. Wangwukong China’s factory activity shrank for a second straight month in November, while non-manufacturing activity hit yet another new low for the year, signaling that the world’s second-largest economy is not yet out of the woods and may require more muscular policy support. The official manufacturing purchasing managers’ index unexpectedly fell … Read more