international Business

Economists’ warning: A new wave of protests looms on the horizon. International trade will be severely affected

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Economists’ warning: A new wave of protests looms on the horizon. International trade will be severely affected

In 2020, the Coface social and political risk indicator reached a record level of 51% worldwide and 55% in emerging countries. These social movements will have repercussions on the economic activity of the affected countries, especially on foreign trade. Coface estimates that mass social movements have particularly strong and permanent negative effects on countries’ exports: … Read more

Tesla has weathered the chip crisis better than other automakers and announces record deliveries of electric cars in the third quarter of this year

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Tesla has weathered the chip crisis better than other automakers and announces record deliveries of electric cars in the third quarter of this year

The quoted source mentions that, according to Refinitiv data, analysts anticipated that the electric car manufacturer will deliver only 229,142 vehicles. Tesla has weathered the chip crisis better than other automakers, with its vehicle deliveries up 20 percent in July-September from a previous record in the second quarter, the sixth consecutive quarterly increase., transmits News.ro. … Read more

Renault wants to lay off thousands of employees in order to recruit staff specialized in the production of electric vehicles

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Renault wants to lay off thousands of employees in order to recruit staff specialized in the production of electric vehicles

In a press release issued on Thursday, Renault announced that it is in talks with French unions to eliminate 1,600 jobs in the engineering sector and 400 auxiliary support positions, it transmits. Agerpres. – In the same period, however, the group will recruit 2,500 employees, including specialists in data analysis and battery production. According to … Read more

The global chip crisis is deepening. Italy: Europe needs to develop its autonomy in such technologies. We cannot be completely dependent on others

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The global chip crisis is deepening. Italy: Europe needs to develop its autonomy in such technologies. We cannot be completely dependent on others

“It is crucial to use EU recovery funds to restore technology autonomy. Our future cannot depend entirely on others, “Colao said, according to Agerpres. According to him, on the semiconductor and chip side, Europe is strong on 28-30 nanometer (nm) technology, but Tesla is working on 7-8 nm technology and 4-5 nm technology is used … Read more

The chip crisis is spreading. Scania stops production at its truck factories in Sweden, France and the Netherlands

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The chip crisis is spreading. Scania stops production at its truck factories in Sweden, France and the Netherlands

According to the quoted source, all major car manufacturers have had to reduce their production in 2021, due to the semiconductor crisis for the car industry. Scania will stop production at its truck factories in Sweden, France and the Netherlands all week, Karin Hallstan, a spokeswoman for the Swedish company, said on Monday. The official … Read more

The blow to the automotive industry continues. Semiconductor crisis deepens, world’s largest chip maker announces price hikes

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The global chip crisis is deepening. Italy: Europe needs to develop its autonomy in such technologies. We cannot be completely dependent on others

According to specialists from JD Power and LMC Automotive, US car sales are expected to fall in August as the global semiconductor shortage and the rapid spread of the Delta version of COVID-19 have affected stocks from dealers, reports Reuters, quoted by Agerpres. Consulting firms expect a 14.3% decline in new car deliveries in August … Read more

The global chip crisis is deepening. The world’s largest carmakers are suspending factories and sending employees home

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The global chip crisis is deepening. Italy: Europe needs to develop its autonomy in such technologies. We cannot be completely dependent on others

According to the quoted source, Ford Motor announced on Wednesday the temporary closure of its factory in Kansas, USA, where it produces the best-selling model, the F-150 truck, after the pandemic led to the reduction of chip production in Malaysia. “Between August 23 and 30, the plant will be closed”, informed the second American car … Read more

Adidas sells Reebok for 2.1 billion euros. Who buys the brand

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Adidas sells Reebok for 2.1 billion euros. Who buys the brand

The amount is to be paid by the American company Authentic Brands Group, mostly in cash, and the transaction should be concluded in the first quarter of 2022, after its approval by the competent authorities, the German group states in a statement. In February 2021, the German sports equipment manufacturer Adidas AG announced that it … Read more

European factories are hiring on the conveyor belt to meet demand. The countries that created the most jobs in July

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European factories are hiring on the conveyor belt to meet demand. The countries that created the most jobs in July

Conform source quotes, job creation was particularly pronounced in Germany and Austria last month, according to an IHS Markit survey of procurement managers. Manufacturers continued to face substantial supply chain bottlenecks and passed on rising costs to customers.- As global economies try to overcome the shocks caused by the pandemic, factories in Europe operate at … Read more

Chip crisis expands: Smartphone makers next victim of semiconductor shortage

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The global chip crisis is deepening. Italy: Europe needs to develop its autonomy in such technologies. We cannot be completely dependent on others

The automotive sector has suffered the most this year, but the supply of semiconductors could improve relatively soon, with China producing some of the output that Taiwan cannot achieve, ING economist Iris Pang said, according to Agerpres. Taiwan’s semiconductor companies have increased production in China after power outages and rising COVID-19 cases affected Taiwan’s production … Read more