China’s COVID infections hit a record as economic outlook worsens

China hit record high during the Shanghai outbreak in April Cabinet hints at reduction of reserve ratio requirement (RRR) Nomura cuts China’s GDP targets as lockdowns expand Chinese stocks fall, lagging rise in global stocks BEIJING, Nov 24 (Reuters) – China reported a record number of COVID-19 infections on Thursday, with cities across the country … Read more

Foxconn’s huge iPhone factory in China rocked by new worker unrest

Images on the internet show hundreds of workers protesting Surveillance cameras and windows smashed by men with sticks Workers complain about unpaid wages and insufficient food Foxconn says it is working to prevent a recurrence of violence SHANGHAI/TAIPEI, Nov 23 (Reuters) – Hundreds of workers took part in protests at Foxconn’s (2317.TW) flagship iPhone factory … Read more

China widens COVID sidewalks, Apple factory unrest adds to economic concerns

COVID restrictions are increasing as the number of cases increases iPhone factory unrest adds to economic concerns, highlights frustrations Analysts warn of potential for wider lockdowns BEIJING, Nov 23 (Reuters) – Chinese cities imposed more curbs on Wednesday to curb rising coronavirus cases, heightening investor concerns about the economy as new unrest at the world’s … Read more

Exclusive: US Blocks More Than 1,000 Solar Shipments Over Chinese Slave Labor Concerns

Nov. 11 (Reuters) – More than 1,000 shipments of solar components worth hundreds of millions of dollars have piled up in U.S. ports since June under a new law banning imports from China’s Xinjiang region over slave labor concerns, according to federal customs officials and sources from the industry. The previously unreported number of seizures … Read more

As Japanese manufacturing fades, a factory town fights to stay alive

HIGASHIOSAKA, Japan Aug. 22 (Reuters) – For decades small factories in the western Japanese city of Higashiosaka have fueled the boom of the country’s biggest brands – but a weak yen and rising costs have accelerated a slow decline and are reshaping industrial heartland . Home to about 6,000 companies, 87% of which have fewer … Read more