manufacturers

The Bank of Israel cut its benchmark interest rate to 3.5%, the lowest since 2022, signaling potential for further reductions. However, the Finance Minister and manufacturers criticized the decision, arguing it does not address the needs of businesses and households.

The UN warns of a surge in potent synthetic drugs, cocaine, and meth as manufacturers adapt to geopolitical shifts and seek higher profits.

California’s law mandates manufacturers reduce plastic in single-use items like shampoo bottles by adjusting package size, changing materials, or making products reusable. The law faces legal scrutiny over its strictness or laxity.

NAFDAC has completed the first phase of its enforcement targeting manufacturers of sachet alcohol and is planning the second phase. The first phase focused on manufacturers, and the article mentions the initiative appeared on Premium Times Nigeria.

Carvana is launching a new-car initiative to disrupt traditional dealerships. The company aims to transform auto sales by acquiring dealers as permitted by manufacturers.

The US and Iran announced an interim peace deal, leading to a record jump in shares of large US industrial companies, as hopes rise that the energy crisis affecting manufacturers and transportation firms may subside.

China’s factory gate prices rose by 3.9% year-on-year in May, exceeding forecasts, driven by higher oil costs from the war in Iran. Consumer prices increased by 1.2%, unchanged from April and below expectations, highlighting a divergence between producer and consumer inflation.

Africa’s manufacturers face significant challenges including a productivity-pay gap, high energy costs, and inadequate infrastructure, which hinder sector growth. These factors collectively act as a drag on manufacturing productivity and development.

Indonesia’s rupiah hit a record low of over 18,155 to the US dollar, pushing manufacturers into crisis as the main stock index fell 4%. Investors are dumping rupiah-denominated assets, with foreigners selling $422 million in local bonds and $3.6 billion in local stocks this year.

UK vehicles will emit an extra 17m tonnes of CO2 by 2030 due to a loophole allowing more plug-in hybrid electric vehicles (PHEVs). Campaigners urge the government to resist weakening electric car sale rules, while parts of the car industry call for a second review of regulations requiring increasing electric vehicle sales.

California police will soon be authorized to issue traffic tickets to driverless cars and require manufacturers to relocate them during emergencies. The state’s DMV adopted new rules implementing a 2024 law that expands oversight of autonomous vehicles.

California's DMV has adopted new regulations for autonomous vehicles (AVs) to enhance safety oversight and ensure manufacturer accountability. The rules expand safety requirements for all AV types and enable law enforcement to cite violations during testing and deployment.

Colorado's legislation allowing people to repair their own devices has prevailed against manufacturer opposition. The anti-repair bill, which aimed to restrict repair rights, failed to pass, maintaining consumer control over repairs.

Iran is experiencing mass redundancies in manufacturing, retail, and digital sectors due to the ongoing war with the US and Israel. Experts warn the situation could worsen if hostilities resume.

Iran is experiencing mass redundancies across manufacturing, retail, and digital sectors due to the ongoing conflict with the US and Israel. Experts warn the situation could deteriorate further if hostilities resume.

Jeff Bezos is investing $100 billion to bring artificial intelligence to factories by acquiring manufacturers and enhancing factory operations. The move aims to advance AI capabilities in manufacturing but raises questions about job impacts.