Keywords: PRODUCTION


Toyota sales fall as Iran conflict strains Japanese auto supply chains

Toyota Motor reported a 2.3% decline in global sales for February, releasing the figures Monday as Japanese automakers face mounting supply chain disruptions stemming from the Middle East conflict, now entering its fifth week. Total sales, including subsidiaries Daihatsu Motor and Hino Motors, fell to......

TotalEnergies shifts $1 billion from offshore wind to U.S. oil and gas

TotalEnergies and U.S. authorities announced on Monday a major shift in energy strategy, redirecting nearly $1 billion initially allocated for offshore wind projects to oil and natural gas production in the United States. As part of the agreement, the U.S. government will reimburse TotalEnergies for......

Helium shortage from Iran conflict disrupts global chip supply

A supply shock triggered by the conflict involving Iran is disrupting the global smartphone market, as a sharp reduction in helium supply threatens semiconductor production while a parallel shortage of memory chips continues to drive device prices higher and weaken shipment forecasts. The crisis intensified......

Egypt to pay $1.3 billion in oil company arrears by June

Egypt has announced plans to settle $1.3 billion in arrears owed to international oil companies by June, accelerating its previous repayment schedule. The move is aimed at restoring investor confidence and boosting domestic energy production. Egypt had accumulated around $6.1 billion in unpaid balances......

BHP appoints Brandon Craig as next CEO to drive growth strategy

BHP Group said Brandon Craig will become chief executive on July 1, succeeding Mike Henry after more than six years in the role, signaling continuity in the mining company’s long term strategy. Craig currently serves as president of BHP Americas, where he has overseen growth initiatives across......

Bank Al-Maghrib forecasts 5.6% economic growth for Morocco in 2026

Bank Al-Maghrib projects a notable acceleration of Morocco’s economic growth, expecting it to reach 5.6% in 2026, up from an estimated 4.8% in 2025, before slowing to 3.5% in 2027. In its first quarterly meeting of the year, the central bank attributed this expected surge primarily to favorable......

Canadian duo wins best production design Oscar for Frankenstein

Canadian production designer Tamara Deverell and set decorator Shane Vieau won the Academy Award for best production design for Frankenstein at the 98th Oscars, marking a major achievement for Canada’s film industry. The pair, both from Nova Scotia, capped a dominant awards season that included......

Apple foldable iPhone screen enters mass production ahead of 2026 launch

Apple is moving closer to launching its first foldable smartphone, with display panels for the device expected to enter mass production in May, according to a leak reported by 9to5Mac citing Chinese tipster Instant Digital. The device, widely referred to as the iPhone Fold, is expected to debut alongside......

Iraq faces salary crisis as oil exports collapse during Iran conflict

Iraq is confronting a severe economic shock as the near collapse of its oil exports threatens the government’s ability to pay public sector salaries as early as next month. Officials warn that the country’s oil dependent economy is approaching a fiscal crisis after the disruption of its main......