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Tag Archives: Industry

France, China sign industrial cooperation agreement on nuclear waste recycling worth 20b euros

PARIS: France and China signed an industrial cooperation agreement on nuclear waste recycling that could be worth 20 billion euros ($22 billion), with about half of the market for Areva SA, according to the French government. Areva shares rose. A memorandum on the partnership signed Monday during a visit by President Francois Hollande to Beijing isn’t a commercial contract, said ... Read More »

Turkey’s defense industry to display products in Qatar

TURKEY: High-Tech Port by MÜSİAD, a defense industry fair organized by the Independent Industrialists’ and Businessmen’s Association (MÜSİAD), will be held in the Qatari capital of Doha to display products and services of Turkey’s leading defense companies. The fair, which will be organized Oct. 6-8, will be attended by 67 Turkish defense companies to meet their Qatari counterparts and potential ... Read More »

UK government to try to save £10b from cutting unnecessary regulation of maritime industry

LONDON: UK government will try to save £10bn ($15.4bn) from cutting unnecessary regulation of the maritime industry, UK minister for shipping and ports Robert Goodwill said. Addressing a shipping audience during a London International Shipping Week seminar, Goodwill said the Conservative administration will continue listening to ideas and suggestions from the industry. Goodwill said the UK has managed to save ... Read More »

Turkish defense industry on display in Qatar

ANKARA: High-Tech Port by MÜSİAD, a defense industry fair organized by the Independent Industrialists’ and Businessmen’s Association (MÜSİAD), will be held in Qatar from Oct. 6-8. The closed-door fair will bring together 67 of Turkey’s leading defense systems producer companies. High-Tech Port General Coordinator Hakan Kurt said the fair will make Qatar function as a bridge in the region in ... Read More »

Irish industrial production growth surges ahead of EU average

DUBLIN: Ireland’s industrial production surged ahead of other European Union countries in June when compared to the same month of 2014, according to figures from Eurostat. Industrial production was 1.7% higher across the EU’s 28 member states and up 1.2% across the euro zone – while Ireland saw growth of 27.6% when comparing June 2015 to June 2014. This gave ... Read More »

Germany’s industrial slump dragged down all of Europe in June

BERLIN: German Chancellor Angela Merkel wears special glasses as she visits a metal workshop in Berlin. The latest eurozone industrial production figures have just been released for June, and they’re disappointing. Production fell 0.2% from May and rose by just 1.2% from June last year. Analysts were expecting a decline of 0.2% on the month, which would have left production ... Read More »

Germany’s industrial output fall 1.4% last month

BERLIN: Germany’s industrial output fell 1.4 percent and exports from Europe’s top economy dropped by one percent in June from the previous month, data showed Friday. Many German companies are struggling with China’s slowdown and recent volatility over the Greece crisis, despite the benefits of a low euro, cheap oil and rock-bottom interest rates. “Overall, today’s data is a setback ... Read More »

UK business Advisory Group to allow ministers to hear industry’s concerns about economic policy

LONDON: The Business Advisory Group will allow ministers to hear industry’s concerns about economic policy and issues including David Cameron’s renegotiation of the UK’s links with Europe ahead of the in/out referendum. The group will meet on a quarterly basis from this autumn and includes leaders from a wide range of industries from manufacturing to retail. Asda boss Andy Clarke ... Read More »

German-Chinese industry 4.0 cooperation entails risks

BERLIN: Germany’s economy and energy minister, Vice Chancellor Sigmar Gabriel, was in Beijing on Tuesday to advance German-Chinese economic cooperation on the development of Industry 4.0 technologies in a meeting with China’s minister for industry and information technologies, Wei Miao. Ministers Gabriel and Miao signed an agreement promoting cooperation of German and Chinese firms in “intelligent manufacturing and digital networking ... Read More »

Nyrstar appoints Bill Scotting as new chief executive

BRUSSELS: Nyrstar has ended a seven-month search for a chief executive, turning to a mining industry veteran to try to improve operations at one of the world’s largest zinc producers. The Belgian listed company said Bill Scotting would join next month. Mr Scotting is chief executive in the mining division of ArcelorMittal, the steelmaker. Nyrstar has admitted to problems with ... Read More »

Industry demands import duty hike on aluminium metal, scrap

DUBLIN: To protect the interest of homegrown companies from rising imports of aluminium metal and its scrap, the aluminium industry has demanded that the Centre increase import duty on these products. As per statistics of Aluminium Association of India, Indian Aluminium Industry has seen a huge surge in imports in recent years from 8.81 lakh tonne in the year 2010-11 ... Read More »

Turkey Industrial output sees year’s first fall in May

ANKARA: Turkey’s calendar and seasonally adjusted industrial production fell 2 percent month-on-month in May, registering the steepest decline in output in the first five months of the year, government data showed on Wednesday. Turkish industrial production has been rising since February. May’s fall in industrial output follows a 3.9 percent gain in the preceding month, Turkish Statistics Institute (TurkStat) data ... Read More »

Koch Industries spends €0.5m for lobbying EU on environmental protection

ANKARA: A notorious funder of climate sceptics in the US has spent at least €550,000 (£390,908) lobbying the EU on environmental protections and energy issues over the past three years. An obscure entry on the EU’s voluntary transparency register shows that up to €750,000 (£533,049) may have been spent by Koch Industries, the largest private energy company in the US, ... Read More »

Danish tourism industry needs more cohesion: Niels Feerup

COPENHAGEN: The Danish tourist industry needs to do a better job at helping visitors not to develop ‘tunnel vision’ during a trip to Denmark. That was the conclusion reached by three major players in the tourism business during a debate at Folkemødet yesterday. Niels Feerup, the chief executive at BonBon Land, Jan Olsen, the head of VisitDenmark, and Jørgen Jensen, ... Read More »

India’s Reliance industries Ltd will start commercial 4G telecommunication services

MUMBAI: India’s Reliance Industries Ltd will start commercial 4G telecommunication services by December, Chairman Mukesh Ambani said. Speaking at the company’s annual meeting of shareholders, Ambani, India’s richest man, said the telecoms unit will initiate a test launch over the next few months and that the fiscal year to March 2017 will be the first full year of its commercial ... Read More »

Industry in Denmark rise by 11% despite high wages: Study Report

COPENHAGEN: A new study by the labour market organisation Arbejderbevægelsens Erhvervsråd (AE) claims that industry in Denmark has not been this competitive since 1995, concluding that the country can compete with the likes of China, Poland and Germany despite the high level of wages, Ugebrevet A4 reports. Wage competitiveness – the relationship between companies’ salary expenses  and the value created ... Read More »

Industry in Denmark rise by 11% despite high wages: Study Report

COPENHAGEN: A new study by the labour market organisation Arbejderbevægelsens Erhvervsråd (AE) claims that industry in Denmark has not been this competitive since 1995, concluding that the country can compete with the likes of China, Poland and Germany despite the high level of wages, Ugebrevet A4 reports. Wage competitiveness – the relationship between companies’ salary expenses  and the value created ... Read More »

German industrial output rises 0.9% in April

BERLIN: German industrial production increased in April, as a recovery in the euro area and accelerating growth at home buoyed demand. Output, adjusted for seasonal swings and inflation, rose 0.9 percent after falling a revised 0.4 percent in March, data from the Economy Ministry in Berlin showed on Monday. The typically-volatile number compares with a median estimate for a 0.6 ... Read More »

Industry, trade minister accentuates Jordan’s development

AMMAN: Despite difficult regional political conditions, Jordan has been able to achieve positive economic indicators, Industry and Trade Minister Maha Ali said on Sunday. Speaking at a forum that brought together Arab and foreign diplomats working as economic and commercial attachés at embassies in the Kingdom, she said Jordan has succeeded to achieve noticeable economic progress and has worked on ... Read More »

Jordan Minister of Industry sees positive economic indicators as GDP remains up by 3.1% in 2014

AMMAN: Minister of Industry, Trade and Supply, Maha Ali, said Jordan has managed to achieve positive economic indicators despite difficult political circumstances in the Middle East. During the opening of the forum of economic and trade attaches at Arab and foreign embassies in the Kingdom, Ali stressed that Jordan, in the last decade, has achieved remarkable economic progress, and carried ... Read More »