Keywords: Industry


Renault CEO urges EU to push Chinese carmakers to source more parts in Europe

The Chief Executive Officer of Renault has called on the European Union to encourage Chinese automakers operating in Europe to increase their sourcing of automotive components from within the region. Speaking at an industry event in Brussels, Renault CEO François Provost argued that Europe should......

Volvo reports strong demand in Europe and North America amid growth in truck and equipment sales

The Swedish industrial group Volvo Group has reported stable and strong demand across key markets, with solid performance in Europe and continued growth momentum in North America. According to the company, customer demand and deliveries in Europe remain at healthy levels across its business segments......

Saudi Arabia launches Riyadh Air amid Middle East tensions and Gulf aviation competition

Saudi Arabia has officially launched its new national carrier, Riyadh Air, as part of its long-term strategy to transform the kingdom into a global aviation hub. The launch comes amid ongoing geopolitical tensions in the Middle East and increasing competition among Gulf airlines. The airline, owned......

SK Hynix considers U.S. listing as early as August amid AI-driven chip boom

South Korean semiconductor giant SK Hynix is preparing to pursue a listing of its shares in the United States as early as August, according to sources familiar with the matter. The move comes as the company seeks to take advantage of growing global investor interest in artificial intelligence–related......

China’s domestic car demand comes under pressure, industry association says

China’s domestic automobile market is facing increasing pressure, with demand declining more sharply than expected at the start of the year and expected to remain weak throughout 2026, according to a senior industry representative. Chen Shihua, deputy secretary-general of the China Association......

China Inc. adopts “quiet layoffs” as AI reshapes the workforce

Chinese companies are increasingly resorting to discreet workforce reductions as artificial intelligence tools rapidly transform business operations, according to industry reports and employee accounts. Rather than announcing large-scale layoffs, many firms are opting for gradual job cuts and reduced......

Morocco Courts Indian Industry After Africa Top Industrial Ranking

Morocco is positioning itself as a strategic partner for Indian industrial expansion following its emergence as Africa’s top-ranked industrial economy. The country is targeting investment in defense, automotive, aerospace, green technologies, and logistics, presenting itself as a gateway linking......

Roche maintains German investment despite industry pullbacks

Swiss pharmaceutical and diagnostics group Roche has confirmed that it will proceed with its planned investment in Germany, even as some competitors scale back spending in response to changes in national healthcare policy. The company said it will continue investing approximately €600 million in......

Ukraine's proposed rail freight tariff increase raises concerns for steel industry and employment

A proposal to significantly increase rail freight tariffs in Ukraine has sparked concerns among industrial leaders, who warn that the measure could further weaken the country's steel sector and threaten thousands of jobs during an already difficult economic period. Ukraine's state railway operator,......