“Australia posted its biggest trade deficit in almost a year-and-a-half, as weaker iron-ore prices and a stronger Australian dollar weighed on the resource-rich nation’s export earnings. The deficit widened to 1.91 billion Australian dollars (US$1.8 billion) in May from a revised A$780 million the previous month, according to the country’s statistics bureau,” The Wall Street…
The manufacturing industry is slowly rising around the much acclaimed Internet of Things (IoT). So much so, in fact, that MongoDB plans to build a hefty database to support it.
According to the Economic Times, “India’s engineering goods exports to Iraq more than halved in May and have now almost come to a halt due to ongoing clashes between government forces and rebels in the West Asian country.”
According to Bloomberg News, “Wal-Mart is counting on its online operations to help fuel sales as it grapples with a slowdown both at home and abroad. The Indian website is only for existing users of its members-only cash-and-carry stores and may help draw orders from small businesses more than 20 kilometers (12 miles) from outlets…
News about driverless cars dominates the tech and auto industries. Now, there’s a new auto-tech trend on the scene: 3D printed cars.
Recent reports related to Apple’s iPhone 6 show the company is beefing up its manufacturing operations to support the impending smartphone launch.
According to a report by Forbes, “Global healthcare major Abbott Laboratories has agreed to acquire Russian pharmaceutical company Veropharm for between 13.6 billion and 17 billion rubles ($395 million – $495 million) in an all-cash deal. Veropharm is one of the leading generic drug manufacturers in Russia and the deal is likely to give Abbott…
According to CBS News, “BMW, Chrysler, Ford, Honda, Mazda, Nissan and Toyota will all recall cars at the U.S. government’s request because their air bag inflators could rupture. If that happens, the air bags might not work properly in a crash, and shards from the ruptured system could fly out and cause injury.”
Economists and shipping and oil company A.P. Moeller-Maersk A/S are stunned over China’s rejection of a freight agreement that would have changed the way countries handled imports and exports.
L&T’s chairman AM Naik spoke with the Economic Times regarding the state of jobs in India — specifically in the manufacturing and trade industries. The India-based engineering and technology firm wants the government to recognize just how the country’s current economy is keeping India from achieving global success with these sectors.