A $7.8 billion factory planned by a Chinese company in eastern Hungary has become divisive even within the party of Prime Minister Viktor Orban, who championed it.
Tag: Factories and Manufacturing
Biden to Announce Nuclear-Powered Submarine Deal with Australia and Britain
The arrangement is part of a broader effort to counter China’s military development and assertive territorial claims across Asia.
Why Russia Has Such a Strong Grip on Europe’s Nuclear Power
New energy sources to replace oil and natural gas have been easier to find than kicking the dependency on Rosatom, the state-owned nuclear superstore.
Ukraine Needs Shells, and Arms Makers Want Money. Enter the E.U.
Ukraine is firing artillery shells faster than manufacturers can make them. Brussels is working on a plan to increase production by guaranteeing big advance purchases.
They’re Exporting Billions in Arms. Just Not to Ukraine.
As traditional weapons suppliers like the U.S. face wartime production shortages, South Korea has stepped in to fill the gap, while trying not to provoke Moscow.
China’s Economy Will Expand About 5 percent, A Cautious Target
Last year China’s economy grew 3 percent, one of its worst performances. Now leaders are expecting a revival, but it will rely partly on public spending.
Leave Russia? A Year Later Many Companies Can’t, or Won’t.
Not all Western companies packed up and left Russia after its invasion of Ukraine. Some say Moscow has tied their hands, while others choose to stay put.
China’s Factories Report Surge in Activity After Lockdowns End
Manufacturing activity rose in February to its highest level in more than a decade, bolstering China’s recovery after restrictions paralyzed much of the country.
Biden’s Semiconductor Plan Bets on Federal Aid to Change Corporate Behavior
The administration says the conditions it has attached to $40 billion in new subsidies will help U.S. semiconductor makers compete globally. Some economists disagree.
Bulgarian Factories and Secret Task Forces: How the West Hunts for Soviet Arms
Ukraine has long relied on Russian weapons for its armed forces. Now it is scrambling to get Soviet-era ammunition for those weapons, with the help of manufacturers even in rural corners of Eastern Europe.