Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.… Continue reading Tencent slashes price of cloud services by up to 40%The fierce competition comes amid soft corporate demand
Tag: Manufacturing
4 Resilient Auto Equipment Stocks Thriving in a Changing Landscape
The Zacks Automotive – Original Equipment industry is expected to witness growth on pent-up demand for vehicles amid improving inventory levels. With the shift toward electric vehicles and self-driving cars, industry players need to adjust their business models to adapt to these changing dynamics through systematic research and development. The emergence of new technologies and the growing demand… Continue reading 4 Resilient Auto Equipment Stocks Thriving in a Changing Landscape
Pratt & Whitney GTF™ Engines Power Breeze Airways’ Longest Airbus A220 Flight
EAST HARTFORD, Conn., May 17, 2023 /PRNewswire/ — Pratt & Whitney, a Raytheon Technologies business, joined Breeze Airways (“Breeze”) today in announcing the launch of the airline’s longest nonstop route, a more than 2,250 nautical-mile, Airbus A220 flight powered by GTF engines between Rhode Island’s T.F. Green International Airport and Los Angeles International Airport. The… Continue reading Pratt & Whitney GTF™ Engines Power Breeze Airways’ Longest Airbus A220 Flight
Latin America to Witness Sales of More than 96,700 Units of Tractors in the Next 6 Years; Entry of John Deere, and AGCO have Significantly Transformed the Tractor industry in Latin America – Arizton
CHICAGO, May 17, 2023 /PRNewswire/ — According to Arizton’s latest research report, the Latin America tractor market will grow at a CAGR of 4.31% during 2022-2028 To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/3798 Continue Reading Latin America Tractor Market Browse In-Depth TOC on the Latin America Tractor Market 54 – Tables 68 – Charts … Continue reading Latin America to Witness Sales of More than 96,700 Units of Tractors in the Next 6 Years; Entry of John Deere, and AGCO have Significantly Transformed the Tractor industry in Latin America – Arizton
Aerotek’s David Jordan Named to SIA’s 2023 Diversity, Equity & Inclusion Influencers List for Second Consecutive Year
HANOVER, Md., May 17, 2023 /PRNewswire/ — Aerotek, a leading talent solutions provider specializing in placing light industrial and skilled trades talent in the manufacturing, logistics, construction, aviation and facility management industries, announced today for the second consecutive year that its Director of Diversity, Equity & Inclusion (DE&I), David “DJ” Jordan, has been named to… Continue reading Aerotek’s David Jordan Named to SIA’s 2023 Diversity, Equity & Inclusion Influencers List for Second Consecutive Year
Saint-Gobain signs Power Purchase Agreement (PPA) in India with Vibrant Energy
Saint-Gobain has signed a Power Purchase Agreement (PPA) in India with Vibrant Energy – a portfolio company of Macquarie Asset Management’s Green Investment Group (MAM-GIG) – to provide wind-solar electricity to 6 local Saint-Gobain sites. The 20-year PPA will begin delivery in 2024 and bring the renewable electricity share in India to 65% in 2025. Under… Continue reading Saint-Gobain signs Power Purchase Agreement (PPA) in India with Vibrant Energy
JK Tyre expects “strong double digit” growth in FY24 amid robust domestic demand and improving exports
JK Tyre, which witnessed a 22% jump in consolidated revenues at Rs14,681 crore during FY2023 on back of robust domestic demand in key segments- commercial and passenger vehicle tyres- expect to hit “strong double digit” growth in FY24. Speaking at a post result conference call Anshuman Singhania, Managing Director, JK Tyre said, “We hope to see… Continue reading JK Tyre expects “strong double digit” growth in FY24 amid robust domestic demand and improving exports
Tesla reinitiates talks for new factory proposal in India- Report
Reuters has learnt from a person in the know that in today’s discussions with Indian government officials, US Automaker Tesla has suggested establishing a factory in the country, to make electric cars for export as well as domestic sale. The proposition comes after the country refused to accept the automaker’s request to reduce import tax… Continue reading Tesla reinitiates talks for new factory proposal in India- Report
China’s BYD beefs up autonomous driving credentials with new unit, hiring spree
SHANGHAI/BEIJING (Reuters) – BYD Co Ltd may be China’s biggest electric vehicle maker by a country mile but it knows it lags rivals in autonomous driving, and has set up a new division and embarked on a huge hiring spree to rectify that shortcoming. Between 4,000 and 5,000 software engineers have been hired recently, BYD… Continue reading China’s BYD beefs up autonomous driving credentials with new unit, hiring spree
Folding Bikes Market Set to Reach a Valuation of USD 1410.16 Million by 2028, Propelled by Affordability and Convenience, States Extrapolate
DUBAI, UAE, May 17, 2023 /PRNewswire/ — The global Folding Bikes Market is projected to grow from USD 928.51 million in 2021 to USD 1410.16 Million by 2028, expanding at a CAGR of 8.7% during the forecast period, according to a new report published by Extrapolate. New battery technology and bicycle infrastructure developments present lucrative… Continue reading Folding Bikes Market Set to Reach a Valuation of USD 1410.16 Million by 2028, Propelled by Affordability and Convenience, States Extrapolate