Japan's factory activity grew at the slowest pace in eight months in September as output and orders contracted, while that of the services sector remained in its downturn, underscoring the protracted impact of the coronavirus pandemic.
German Social Democrat candidate for chancellor Olaf Scholz promised on Thursday to help the steel industry convert to climate-friendly production if his party, clinging to a narrow lead in polls, wins Sunday's federal election.
Sri Lankan shares ended higher on. * The CSE All-Share index was up 0.48% at 8,830.35 points. * Conglomerate Expolanka Holdings Plc and John Keells Holdings were the top percentage gainers on the index, rising 2.7% and 2.3%, respectively.
The White House will discuss ways to overcome a semiconductor chip supply crisis that is cutting auto production around the world in a new round of meetings with major companies on Thursday.
The White House will discuss ways to overcome a semiconductor chip supply crisis that is cutting auto production around the world in a new round of meetings with major companies on Thursday.
Germany's economic recovery from the COVID-19 pandemic lost momentum in September as activity in both the manufacturing and services sectors slowed amid supply bottlenecks and waning catch-up effects, a survey showed on Thursday. IHS Markit's flash Purchasing Managers' Index showed growth in the manufacturing sector slowed to an eight-month low reading of 58.5 from 62.6 in August.
Britain is working on a number of options to tackle the shortage of truck drivers, including luring former employees back to the market, amid warnings from the food industry that supply chains could break down in the run up to Christmas.
Airbus led a chorus of pledges by aviation leaders to cut emissions under an eco-friendly new slogan on Wednesday, but was forced to defend its jet-selling business under criticism from campaigners urging the industry to tame its growth.
Global automakers could lose $210 billion in revenue this year because of supply chain disruptions, nearly double a forecast earlier this year, consulting firm Alixpartners said Thursday. A shortage of semiconductors is just part of the problem, Alixpartners said in a new forecast. Automakers are on track to lose production of 7.7 million vehicles in 2021, according to the new forecast.
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