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Manufacturing
Businesses say that budget uncertainty is impacting the UK economy.
Two separate surveys of businesspeople indicate that uncertainty ahead of Labour's first Budget since 2010 next Month is impacting the UK economy. S&P Global, a data company, said that the UK private sector growth in September slowed…
US tech giant Intel halts construction of €30bn German Microchip Factory
Intel has cancelled plans to build a €30bn microchip plant in Germany, a blow for Europe's technological plans. The US chipmaking company said that it would postpone construction of a site in Magdeburg for around two years and also a…
Electric Car Sales Surge in August Bucking Overall Market Trend
In a surprising turn of events, electric vehicle (EV) sales in the UK saw a significant uptick in August, defying the overall downward trend in the automotive market. According to the latest figures from the Society of Motor Manufacturers…
Chinese Electric Vehicle Sales Falter in Europe as EU Tariffs Take Effect
The European electric vehicle (EV) market is undergoing a notable transformation as Chinese manufacturers respond to newly imposed European Union tariffs. According to data from automotive analyst Dataforce, the market share of Chinese EVs…
UK Manufacturers Urge Government to Develop Comprehensive Industrial Strategy and Address Brexit…
The UK manufacturing sector is calling on the government to prioritise the development of a comprehensive industrial strategy to attract investment and mitigate the damage caused by the Brexit deal. Make UK, a prominent trade body…
Pound Surges as UK Firms Record Fastest Growth in Four Months
The pound has reached a 13-month high against the dollar, trading at $1.3118, as British companies reported their fastest growth in four months during August. According to the latest S&P flash survey of purchasing managers, factors such…
Royal Mint opens a factory in South Wales to recover gold from electronic waste
The Royal Mint unveiled an "innovative" factory which will recover gold from electronic scrap, allowing the manufacturer to create a sustainable source of precious metals for its luxury jewellery collection.
The factory, located in south…
The UK’s declining naval power is reflected in the struggles at Belfast’s Titanic…
Harland & Wolff shipyard, Belfast, is known for building the Titanic. It was the largest passenger vessel of its day before it struck an iceberg during its maiden voyage over the Atlantic. Things have changed since 1912. Samson, the…
Boeing deal threatens 2,400 jobs in UK factory
After the split of Spirit AeroSystems by Boeing and Airbus, the future of a British aerospace facility is uncertain. Up to 2,400 jobs are at risk.
The future of the Belfast factory is in danger because a large part of Spirit's Belfast…
Supplier to Boeing warns against breaking up of Northern Ireland facility
Spirit AeroSystems UK's head has warned that the possible break-up of their Northern Ireland operations, in the event of sale, would be "extremely damaging" to the future of the company and the aerospace industry of the region.
After…
Aston Martin says new models will drive profit after sales fell
Aston Martin Lagonda's first-quarter sales have been slow, but the group says that four new models or refreshed versions released this year will allow it to achieve revenue and profit goals over the next two decades.
London's sole listed…
Britain restricts quantum computer exports due to fears of foreign military use
As a result of growing concerns about the potential weaponisation of this technology by foreign militaries, the government is taking action against exports to foreign buyers.
Exporters are prohibited from selling powerful Quantum…
Jaguar Land Rover to separate its cars division from the EV shift
Jaguar Land Rover's Indian owner is spinning off its automobile division to prepare for an electric vehicle-centric future.
Tata Motors announced Monday that its existing auto business will be divided into passenger cars and commercial…
Boeing is in the ‘last-chance saloon’: warns Emirates’ head
Emirates Airline's head has warned Boeing that it is in the "last-chance saloon", as he prepares to send his engineers to oversee Boeing's production line after witnessing the long decline in the manufacturing performance.
Sir Tim Clark…
After the Red Sea attacks, European retailers and manufacturers are facing a chaotic period
Logistics experts warn that attacks on ships in the Red Sea could disrupt supply chains and create chaos for Europe's retailers and manufacturers.
Since Yemen's Houthi militants, backed by Iran, increased attacks last month on vessels…
Volkswagen Germany to Cut Thousands of Jobs
Volkswagen in Germany has warned its employees that they will be facing a wave of job cuts. The company is fighting the same high costs, low productivity and other problems that plague the German economy.
It is believed that the carmaker…
Taiwanese suppliers of semiconductors target Europe’s Next-Generation factories
As the construction of Europe's first advanced chip factories in decades changes the supply chain, suppliers to Taiwan's semiconductor industry plan an entry into Europe.
"We plan investments in Germany and Europe will be ours," said…
How Poland wants to rob Germany of its crown as Europe’s industrial heartland
As the G7 powerhouse is losing steam, its eastern neighbor is growing stronger.
Germany is still haunted by the spectre that idle factories cast last year, when gas prices soared.
Deindustrialisation, a phenomenon previously…