Inventory glut and underused factories
Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s plan to build a $20 billion plant in Ohio, from the South Court Auditorium on the White House campus in Washington, January 21, 2022. Jonathan Ernst | Reuters Intel’s December…
COVID-ravaged Chinese factories eye post-Lunar New Year comeback
Christian Gassner, whose furniture components factory in the southern Chinese city of Shenzhen had a dismal end of 2022 amid COVID-19 outbreaks, is finally seeing light at the end of the tunnel. About two months ago, many workers quit to avoid potential lockdowns ahead of…
John Kerry says climate threat calls for wartime urgency: ‘Turn factories into solar panel producers’
U.S. Climate Envoy John Kerry told the World Economic Forum in Davos, Switzerland, on Wednesday that the fight against climate change will only succeed if people around the world take on a wartime footing and accelerate action to curb carbon emissions. When asked if the…
China’s new Covid surge is crippling the world’s most important factories and biggest ports
Workers test transformers at a workshop of Hebei Gaojing Electric Equipment Co LTD in an industrial park in Handan, North China’s Hebei province, Jan 3, 2023. CFOTO | Future Publishing | Getty Images The surge in Covid-19 cases in China is impacting the completion of…
