US Factory Production Falls by the most in Seven Months During September

Production in the United States fell by the most in seven months during September, mostly reflecting a slowdown in the production of motor vehicles as supply chain problems created materials shortages. Industrial production dropped by 1.3 percent in September, whereas …

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Tesla to Move HQ to Austin Texas

Electric carmaker Tesla has announced that it will be moving the company’s corporate headquarters from Palo Alto, California to Austin, Texas. Tesla CEO, Elon Musk made the surprise announcement during Tesla’s annual meeting of the company’s shareholders. Musk stated: “I’m …

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Papua New Guinea Palm Oil Abuses Linked to Nestle and Kellogg

NGO Global Witness has disclosed the extent of human rights abuses and rampant deforestation in Papua New Guinea by palm oil suppliers whose main clients are big European brands such as Kellogs and Nestle. According to an investigation by Global …

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Rising Chip Prices Boosts Samsung’s Quarterly Profit in 3 years

Samsung Electronics estimated that its earnings for the third quarter of 2021 have reached their highest in three years, with the boost largely coming from high semiconductor prices due to a global shortage. The world’s biggest maker of memory chips …

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Boeing to Build First Foreign Assembly Plant in Australia

Boeing, the largest US manufacturer and exporter of aircraft will be building their first military drone in Australia. The plant will be built in southern Queensland at the Wellcamp Aerospace and Defence Precinct near Toowoomba. Navy drones will be made …

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Indonesia Negotiating with WHO to Become Global Vaccine Hub

Indonesian Health Minister said Indonesia is negotiating with the World Health Organization (WHO) and six drug companies to become a global vaccine hub.  “We are working with the WHO to be one of the global manufacturing hubs for mRNA,” Health …

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Global Economy Affected by Pandemic Disruptions on Supply Chains

Surveys showed on Sep. 1 that global economic rebound lost momentum in August as recent pandemic disruptions on supply chains slowed down manufacturing activities worldwide. IHS Markit reported that its global manufacturing index fell to a six-month low of 54.1 …

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Eurofarma to Produce Pfizer COVID-19 Vaccines

Pfizer and BioNTech announced that Eurofarma Laboratórios SA, a Brazilian biopharmaceutical company, will manufacture COVID-19 vaccines for distribution within Latin America. Eurofarma will manufacture COVID-19 vaccines as part of Pfizer and BioNTech’s global COVID-19 vaccine supply chain and manufacturing network, …

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