The United States could create up to 5.8 million new jobs if it acted to end global currency manipulation, according to a report released today by the Economic Policy Institute (EPI). The study found that every state would see significant job gains within three years, with a major impact on manufacturing job growth.
Despite being comprehensive and ambitious, China’s new economic reform agenda is criticized for being vague and not overwhelmingly innovative. According to a new report, however, what is encouraging this time is that China’s leaders have demonstrated a stronger will to ensure successful implementation.
The European Parliament on Wednesday voted for tougher anti-smoking rules that will make health warnings on cigarette packs larger and include mandatory pictures of rotting teeth or cancer-infested lungs.
European jetmaker Airbus Group said Wednesday record demand for its civilian jetliners from airlines around the world drove higher sales and profits last year. The Boeing Co. rival, known until this year as EADS, said net profit rose 22 percent to 1.47 billion euros ($2 billion) in 2013, up from 1.2 billion euros the previous year.
Early Tuesday, the world's most established exchange for Bitcoin disappeared from the Internet, sending the price of the virtual currency tumbling and prompting fears that the world's biggest experiment in electronic cash could soon be strangled by fraud or regulation.
The start-up of the Celaya Plant increases Honda's annual automobile production capacity in North America to approximately 1.92 million units. In 2013, more than 90 percent of the Honda and Acura automobiles sold in the U.S. were produced in North America; this is expected to exceed 95 percent when the Celaya plant reaches full capacity.
Their motivation is clear: Europe's auto sales slumped last year to their lowest level since 1995, forcing French brands to join U.S. and European rivals in looking to China to drive revenues. But the timing is awkward.
BlackBerry will release a low-cost phone in Indonesia in April and plans a broader release of a phone that restores a beloved row of control keys with a track pad. The Indonesia phone, the Z3, will sell for less than $200 without subsidies, the company said Tuesday.
The company that manufactures Black Hawk helicopters said Friday it is eliminating 600 jobs, most of them in Connecticut, as it struggles with cuts to U.S. defense spending and a reduction in the demand for the workhorse aircraft used by the military to strike targets and ferry troops in Iraq and Afghanistan.
You may get your product faster and cheaper, but manufacturing overseas has its pitfalls. Through a combination of one of the new manufacturing trends, “new-shoring” — creating new jobs closer to home — and smarter international manufacturing practices, small businesses are helping protect their valuable assets.
The Himalayan kingdom of Bhutan has tapped Nissan Motor Co. to supply electric cars for its taxis and government fleet, hoping to reduce reliance on imported oil. Under the agreement announced Friday, Nissan will supply its Leaf electric car and set up charging stations in Bhutan.
Turkey's military has taken delivery of its first Boeing-made surveillance aircraft, part of a $1.5 billion project to modernize its air force.
Japan's trade deficit surged to a monthly record of 2.8 trillion yen ($27.4 billion) in January as imports jumped 25 percent, underscoring the challenge the country faces in restoring export-driven growth.
An $800 million Honda plant opening Friday in the central state of Guanajuato will produce about 200,000 Fit hatchbacks a year, helping push total Mexican car exports to the U.S. to 1.7 million in 2014, roughly 200,000 more than Japan, consulting firm IHS Automotive says.
The leaders of the three NAFTA nations met Wednesday in Mexico in part to highlight the economic cooperation that has grown since NAFTA joined the U.S., Canada, and Mexico 20 years ago. But all eyes were on one key area that NAFTA didn't touch: energy.
China's economic activity has slowed steadily as the government tries to reduce reliance on investment in industry and infrastructure and encourage more sustainable growth based on domestic consumption.
Visit Jaguar Land Rover's new manufacturing facility in the United Kingdom. This engine plant will employ 1,500 people, adding 3,500 jobs to the supply chain. They will be producing an engine every 36 seconds in their state-of-the-art facilities.
Loss-making French carmaker PSA Peugeot Citroen is getting a 3 billion euro lifeline backed by Chinese investors and the French government in a deal that will see the company's founding family hand over control after more than two centuries at the helm.
It might be unfathomable to people who still bear scars from the double-digit inflation of the 1970s, but what the global economy could use right now is a dose of higher prices.
Without solid numbers, many have assumed that most of the offshored jobs go to developing countries where workers are paid near-poverty wages in less than ideal working conditions. However, the researchers said public fear that offshoring to lower-cost countries is putting downward pressure on U.S. jobs may be overblown.
President Barack Obama wants to put major emerging trade deals with Europe and Asia on a "fast track" to congressional passage. But with midterm elections looming, many fellow Democrats are working to sidetrack them instead.
There's one big reason why the United States has a dearth of execution drugs so acute that some states are considering solutions such as firing squads and gas chambers: Europe won't allow the drugs to be exported because of its fierce hostility to capital punishment.
The closure lasts through Feb. 28 "to strengthen work to control the spread of the H7N9 flu," the city government said in a one-sentence announcement on its microblog account.
It's a pressing matter for the tiny U.S. olive oil industry: American shoppers more often are going for European imports, which are cheaper and viewed as more authentic. And that's pitting U.S. producers against importers of the European oil, with some likening the battle to the California wine industry's struggles to gain acceptance decades ago.
The manufacturing environment is in a constant state of change. The failure to recognize the static nature of the business coupled with the failure of manufacturers to comply with disciplined global production systems has caused participants to revisit the value of outsourcing and the opportunities associated with reshoring.