Commerce Department finalizes $6.6 billion in chips subsidies for TSMC
With President Joe Biden leaving office soon, the Commerce Department is wrapping up loose ends, including allocating billions of dollars ...
Tag: manufacturing
Trump’s transition team aims to kill Biden EV tax credit in US: Report
US President-elect Donald Trump’s transition team is planning to kill a $7,500 consumer tax credit for electric-vehicle purchases as part ...
6 out of 10 CEOs are ‘digitally illiterate’, according to their workers
Since the advent of ChatGPT, the world’s biggest companies have scrambled over each other to talk up their adoption of ...
Boeing CEO lays out cautious path to turnaround as strike vote awaited
Boeing CEO Kelly Ortberg has laid out a cautious path to turn the company around, calling for a “fundamental culture ...
Boeing shores up finances even as striking workers rally
In a move to shore up its sagging finances, Boeing has announced plans to raise up to $25bn through stock ...
Acting US labour secretary to meet with Boeing and union to end impasse
Julie Su’s intervention comes days after Boeing unveiled plans to cut 10 percent of its workforce as labour negotiations came ...
Boeing to cut 10% workforce, delay 777X delivery as strike takes toll
The strike is costing Boeing $1bn a month, making it critical for the firm to end the work stoppage.United States-based ...
Tesla’s robotaxi event was long on Musk promises, short on details
For a businessman who perpetually struggles with broken promises, Elon Musk has given himself quite a to-do list at Tesla’s ...
India’s Ratan Tata, the man who knew how to ‘think big and bold’
A greying, slightly bent man asked for a table for two at the Sea Lounge, the iconic coffee shop at ...
Ratan Tata, ‘titan’ of Indian business, dies at 86
Ratan Tata, a former chairman of Indian conglomerate Tata Sons, died at a Mumbai hospital on Wednesday night. He was ...
GM hints at cheaper electric pickup boasting 350-mile range
General Motors Co. hinted that it’s developing a lower-cost electric pickup truck that could boast a 350-mile range. The Detroit-based ...
Reckitt CEO on slimming down consumer goods portfolio
British packaged goods manufacturer Reckitt is slimming down its array of products and focusing on what CEO Kris Licht calls ...
Trump calls for taking other nations’ companies but lays out few specifics
Donald Trump has pledged not only to stop US businesses from offshoring jobs, but also to take other countries’ jobs ...
US plans to prohibit key Chinese software, hardware in connected vehicles
The move is a significant escalation in US restrictions on Chinese vehicles, software and components.The United States Department of Commerce ...
FedEx blames poor Q1 on outlook for manufacturers
The heated debate over whether the Federal Reserve took too long before responding to signs of a softening economy just ...
Boeing freezes hires, weighs furloughs to cut costs in labour strike
Boeing is freezing hiring and is weighing temporary furloughs in the coming weeks to manage costs as a strike by ...
Ratings agencies warn of downgrade if Boeing strike prolonged
Boeing’s management will likely need to access new sources of liquidity in the event of a prolonged strike.Fitch Ratings and ...
Boeing workers ‘ready to go on strike’ if demands unmet
Boeing’s United States West Coast factory workers stood in long lines to vote on Thursday on a much-criticised new contract, ...
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