South Korea will provide support worth more than two trillion won ($1.6 billion) each year to strengthen industrial competitiveness, the finance minister said on Friday, amid an ongoing trade row with Japan.
China reported a raft of unexpectedly weak July data on Wednesday, including a slump in industrial output to more than 17-year lows, pointing to further slowing in the economy as the US trade war takes a heavier toll on businesses and consumers.
A total of 1,100 units operating in industrial parks across Iran exported products worth $4 billion in the year to March 2019, said the head of the board of directors of Iran Small Industries and Industrial Parks Organization (ISIPO).
Profits earned by China’s industrial firms contracted in June after a brief gain the previous month, fueling concern that a slowdown in manufacturing from a bruising trade war will drag on economic growth.
China’s Industry Ministry said on Tuesday that ‘arduous efforts’ will be needed to achieve this year’s industrial output growth target, as trade protectionism weighs on exports and clouds the outlook for the world’s second-largest economy.
The world’s oceans are facing a ‘new industrial frontier’ from a fledgling deep-sea mining industry as companies line up to extract metals and minerals from some of the most important ecosystems on the planet, a report has found.
Profits for China’s industrial firms shrank in April as slowing manufacturing activity halted the previous month’s surge, putting more pressure on policymakers to step up support for an economy hit by a bitter trade war with the US.
German industrial orders rose less than expected in March after two months of steep declines, data showed on Tuesday, bringing little relief for Europe’s largest economy which is facing a sharp slowdown in growth.
Earnings at China’s industrial firms shrank for a second straight month in December, putting pressure on policymakers to support industries hurt by slowing prices and weak factory activity amid a protracted US-Sino trade war.
Trade frictions, risks linked to Britain’s possible departure from the European Union this year without a deal and weaker growth in emerging markets are putting the brakes on a nine-year upswing in Europe’s economic powerhouse.
Industrial workers in Germany started a third day of 24-hour strikes over pay and working hours on Friday, downing their tools at companies, including carmakers Mercedes-Benz and Porsche and airplane maker Airbus.