Manufacturing http://www.globalpost.com/taxonomy/term/29047/all en Japan manufacturing jobs lowest in five decades http://www.globalpost.com/dispatch/news/afp/130201/japan-manufacturing-jobs-lowest-five-decades <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Employment in Japan's once-mighty manufacturing sector has fallen below 10 million for the first time in five decades, as a new government vows to stoke the struggling economy.</p> <p>Official employment data released Friday showed the number of workers in Japanese industry, which fuelled the country's stratospheric rise from the ashes of World War II, slipped to 9.98 million in December.</p> <p>That is the lowest level since 1961 as firms slash costs and ship manufacturing jobs to lower-cost nations overseas.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/japan-manufacturing-jobs-lowest-five-decades" target="_blank">read more</a></p> Business Economy of Japan Japan Manufacturing manufacturing AFP Fri, 01 Feb 2013 09:45:52 +0000 Agence France-Presse 5742702 at http://www.globalpost.com US manufacturing picks up in January http://www.globalpost.com/dispatch/news/afp/130201/us-manufacturing-picks-january <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US manufacturing activity expanded for a second straight month in January as new orders and inventories picked up, the ISM monthly survey showed Monday.</p> <p>The Institute for Supply Management's manufacturing sector index rose to 53.1 from 50.2 in December.</p> <p>Until January the index had hovered around the 50 break-even line between growth and contraction for about six months. The overall economy shrank by 0.1 percent in the fourth quarter of 2012, according to official data, underpinned by little change in the manufacturing sector.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/us-manufacturing-picks-january" target="_blank">read more</a></p> Economic indicators Manufacturing AFP Fri, 01 Feb 2013 16:45:28 +0000 Agence France-Presse 5743244 at http://www.globalpost.com RPT-In Ohio and beyond, Obama sees model for manufacturing revival http://www.globalpost.com/dispatch/news/thomson-reuters/130214/ohio-and-beyond-obama-sees-model-manufacturing-revival <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Andy Sullivan</p> <p>WASHINGTON, Feb 14 (Reuters) - A former furniture warehouse in a struggling Rust Belt city has emerged as a national model for innovation after President Barack Obama highlighted it in his State of the Union speech on Tuesday.</p> <p>Obama now aims to convince Congress to spend $1 billion to replicate the model nationwide. But it will be a tough sell to Republicans, who oppose government spending on industry and argue private capital will respond if there is real demand.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130214/ohio-and-beyond-obama-sees-model-manufacturing-revival" target="_blank">read more</a></p> Business Entertainment Environment Health Labor Manufacturing Politics Social Issues Technology Thomson Reuters Thu, 14 Feb 2013 06:46:35 +0000 Thomson Reuters 5755246 at http://www.globalpost.com Brussels airport heist nets $50 mn in diamonds http://www.globalpost.com/dispatch/news/afp/130219/brussels-airport-heist-nets-50-mn-diamonds-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Heavily armed robbers disguised as police made off with $50 million (37 million euros) worth of diamonds in a spectacular heist on the tarmac at Brussels airport, prosecutors and diamond dealers said Tuesday.</p> <p>The Monday night robbery at Zaventem airport just before 8 pm (1900 GMT) was "one of the biggest" ever, said a spokeswoman for the Antwerp World Diamond Centre (AWDC), the global dealers' syndicate.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/brussels-airport-heist-nets-50-mn-diamonds-1" target="_blank">read more</a></p> Chemistry Diamond Manufacturing AFP Tue, 19 Feb 2013 14:16:25 +0000 Agence France-Presse 5759947 at http://www.globalpost.com CORRECTED-Britain to India: Diamond in royal crown is ours http://www.globalpost.com/dispatch/news/thomson-reuters/130220/britain-india-diamond-royal-crown-ours <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Corrects to remove reference to Queen Elizabeth I in lead paragraph)</p> <p>* Koh-i-Noor diamond presented to Queen Victoria in 1850</p> <p>* Diamond is one of world's largest</p> <p>* Indians have long demanded its return</p> <p>AMRITSAR, India, Feb 21 (Reuters) - British Prime Minister David Cameron says a giant diamond his country forced India to hand over in the colonial era that was set in a royal crown will not be returned.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130220/britain-india-diamond-royal-crown-ours" target="_blank">read more</a></p> Chemistry Crown Jewels of the United Kingdom Manufacturing Thomson Reuters Thu, 21 Feb 2013 00:30:06 +0000 Thomson Reuters 5761623 at http://www.globalpost.com Christie's to auction 'perfect' new 102-carat diamond http://www.globalpost.com/dispatch/news/afp/130314/christies-auction-perfect-new-102-carat-diamond <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Auction house Christie's on Wednesday said it would put up for auction "one of the world's most perfect diamonds" -- a new colourless, pear-shaped gem weighing 101.73 carats.</p> <p>In the rough, the diamond was 236 carats when it was extracted from the Jwaneng mine in Botswana, before it was meticulously sculpted for 21 months, Christie's said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130314/christies-auction-perfect-new-102-carat-diamond" target="_blank">read more</a></p> Chemistry Manufacturing Matter AFP Thu, 14 Mar 2013 18:46:34 +0000 Agence France-Presse 5783725 at http://www.globalpost.com Panasonic considers exiting from plasma TVs - Nikkei http://www.globalpost.com/dispatch/news/thomson-reuters/130317/panasonic-considers-exiting-plasma-tvs-nikkei <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>TOKYO (Reuters) - Japan's Panasonic Corp &lt;6752.T&gt; is leaning towards withdrawing from plasma television operations as part of a downsizing of its television business over three years starting next fiscal year, the Nikkei newspaper said on Monday.</p> <p>The troubled consumer electronics maker has already been selling assets, including real estate, to strengthen its financial position.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130317/panasonic-considers-exiting-plasma-tvs-nikkei" target="_blank">read more</a></p> Business Electronics Manufacturing Panasonic Corp Technology Thomson Reuters Mon, 18 Mar 2013 00:15:12 +0000 Thomson Reuters 5786339 at http://www.globalpost.com Panasonic considers exiting from plasma TVs - Nikkei http://www.globalpost.com/dispatch/news/thomson-reuters/130317/panasonic-considers-exiting-plasma-tvs-nikkei-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>TOKYO (Reuters) - Japan's Panasonic Corp is leaning towards withdrawing from plasma television operations as part of a downsizing of its television business over three years starting next fiscal year, the Nikkei newspaper said on Monday.</p> <p>The troubled consumer electronics maker has already been selling assets, including real estate, to strengthen its financial position.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130317/panasonic-considers-exiting-plasma-tvs-nikkei-0" target="_blank">read more</a></p> Business Electronics Manufacturing Panasonic Corp Technology Thomson Reuters Mon, 18 Mar 2013 00:15:26 +0000 Thomson Reuters 5786340 at http://www.globalpost.com Panasonic to shrink TV business, exit plasma: report http://www.globalpost.com/dispatch/news/afp/130317/panasonic-shrink-tv-business-exit-plasma-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Embattled Japanese electronics giant Panasonic plans to scale down its television business and withdraw from manufacturing plasma displays, a report said on Monday.</p> <p>Under its mid-turn business plan to be announced on March 28, Panasonic will significantly downsize its television business over a three-year period starting next fiscal year from April, the business daily Nikkei reported.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130317/panasonic-shrink-tv-business-exit-plasma-report" target="_blank">read more</a></p> Electronics Health Labor Manufacturing Panasonic Social Issues Technology AFP Mon, 18 Mar 2013 03:45:47 +0000 Agence France-Presse 5786414 at http://www.globalpost.com Toray unit-carbon fiber plant http://www.globalpost.com/dispatch/news/yonhap-news-agency/130403/toray-unit-carbon-fiber-plant <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>GUMI, South Korea, April 3 (Yonhap) -- Toray Advanced Materials Korea Inc., the local unit of Japanese chemical firm Toray Industries Inc., said Wednesday that it has started commercial production of high-end carbon fiber at its plant here.</p> <p>The plant in Gumi, an industrial city some 261 kilometers south of Seoul, will produce 2,200 tons of carbon fiber annually, the South Korean unit said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p><span>Copyright Yonhap News Agency, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130403/toray-unit-carbon-fiber-plant" target="_blank">read more</a></p> Chaebol Clothing Manufacturing Yonhap News Agency Wed, 03 Apr 2013 06:16:08 +0000 Yonhap News Agency 5799991 at http://www.globalpost.com Toray unit starts mass-producing carbon fiber in S. Korea http://www.globalpost.com/dispatch/news/asianet/130406/toray-unit-starts-mass-producing-carbon-fiber-s-korea <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Toray Advanced Materials Korea Inc., the local unit of Japanese chemical firm Toray Industries Inc., said Wednesday that it has started commercial production of high-end carbon fiber at its plant here.</p><P>The plant in Gumi, an industrial city some 261 kilometers south of Seoul, will produce 2,200 tons of carbon fiber annually, the South Korean unit said.</p><P>Toray Industries holds 40 percent of the global market of carbon fiber used for auto parts and wind turbine blades, which is forecast to replace steel because it is 10 times stronger than steel, but weighs less than one-fourth the</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130406/toray-unit-starts-mass-producing-carbon-fiber-s-korea" target="_blank">read more</a></p> Chaebol Clothing Manufacturing Toray Advanced Materials Korea Inc. Asianet Sat, 06 Apr 2013 13:09:20 +0000 Asianet 5803745 at http://www.globalpost.com UK firms see more jobs but no economic growth - survey http://www.globalpost.com/dispatch/news/thomson-reuters/130407/uk-firms-see-more-jobs-no-economic-growth-survey <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - British businesses expect to increase hiring over the next six months but given falling confidence among manufacturers, they do not anticipate overall growth in the nation's economy, a survey showed on Monday.</p> <p>An optimism index from accountancy firm BDO, which measures business performance expectations two quarters ahead, rose to 92.2 in March from 90.6 in February.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130407/uk-firms-see-more-jobs-no-economic-growth-survey" target="_blank">read more</a></p> Economy of the United Kingdom Manufacturing Thomson Reuters Mon, 08 Apr 2013 00:43:42 +0000 Thomson Reuters 5805164 at http://www.globalpost.com Guns black market thriving in Philippines http://www.globalpost.com/dispatch/news/afp/130411/guns-black-market-thriving-philippines <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Bespectacled and clean shaven, 37-year-old Jomari Paraas could pass for a typical office employee in the Philippines, except he has six guns in his backpack that he will soon sell.</p> <p>The father-of-two is a prolific player in the country's enormous and lucrative weapons black market, which has been under scrutiny following a spate of high-profile massacres and shoot-outs this year.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130411/guns-black-market-thriving-philippines" target="_blank">read more</a></p> Business Gunsmith Labor Law Manufacturing Revolver AFP Fri, 12 Apr 2013 03:46:28 +0000 Agence France-Presse 5812732 at http://www.globalpost.com Panasonic president, chairman take 50% pay cut http://www.globalpost.com/dispatch/news/afp/130417/panasonic-president-chairman-take-50-pay-cut <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The president and chief executive of Japanese electronics giant Panasonic will have their salaries halved as part of a move to take the blame for the firm's financial woes, the company said Wednesday.</p> <p>President Kazuhiro Tsuga and Chairman Fumio Ohtsubo have been returning 40 percent of their pay since November as a voluntary measure, while other executives have also given back up to 20 percent of their wages, a company spokeswoman said.</p> <p>But as of July, the programme will be made official, she said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130417/panasonic-president-chairman-take-50-pay-cut" target="_blank">read more</a></p> Business Electronics Manufacturing Technology AFP Wed, 17 Apr 2013 06:30:44 +0000 Agence France-Presse 5818034 at http://www.globalpost.com Blue diamond sets record at London sale http://www.globalpost.com/dispatch/news/afp/130424/blue-diamond-sets-record-at-london-sale <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>An extremely rare blue diamond sold for £6.2 million ($9.5 million 7.3 million euros) at a London auction on Wednesday, setting a new world record for price per carat.</p> <p>The fancy deep-blue diamond weighing 5.30 carats sold at Bonhams Fine Jewellery sale in central London for a record $1.8 million per carat, beating the previous record of $1.68 million.</p> <p>The gem, which was bought by international diamond house Graff Diamonds, attracted bids from within the auction room and around the world via 25 telephone lines and smashed pre-auction estimates of £1.5 million.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130424/blue-diamond-sets-record-at-london-sale" target="_blank">read more</a></p> Chemistry Diamond Human Interest Manufacturing AFP Wed, 24 Apr 2013 20:00:43 +0000 Agence France-Presse 5824490 at http://www.globalpost.com