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Tech News

Germany launches one of Europe’s largest AI factories

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Business

Germany's Porsche is closing battery subsidiary Cellforce, reports say

According to German media reports, the sports car maker has decided to largely shut down its battery-making and research subsidiary Cellforce, cutting hundreds of jobs.

USA

Three killed after explosion rips through Nebraska biofuels plant

The blast at around noon on Tuesday shredded the top of the plant's tall tower, exposing mangled concrete and rebar, while the metal walls and roof of the building below were crumpled and charred.

Russia

Russia ramps up drone production using teenage workers, video shows

The Yelabuga plant in Russia, employing teenagers, produces thousands of drones each month to further strengthen Putin's strategy of nightly attacks on Ukrainian cities and other civilian targets.

India

Death toll rises to 39 after blast at pharmaceutical factory in India

The massive explosion and fire at Sigachi Industries' chemical factory in the southern state of Telangana also injured 34 people, officials said.

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Business

Spain's Roca Group to invest €70 million in Kazakh factory

Leading bathroom hardware manufacturer, Roca Group to invest in Kazakhstan production sites in a bid to expand central Asian business. Roca CEO explains the decision in an exclusive interview with Euronews.

Business

Antonio Filosa named new Stellantis CEO as tariff fears rumble on

Former CEO Carlos Tavares resigned in December after the firm issued a profit warning on slumping sales in the US and Europe.

Economy

China’s manufacturing drops to a 16-month low as Trump’s tariffs bite

China’s factory activity in April fell to its lowest level since December 2023 as US tariffs weighed on business sentiment. Analysts noted that importers have now adopted a “wait-and-see” approach after Chinese manufacturers rushed to complete orders in March.

Economy

Factory activity levels slump in Germany - winter recession pending?

A winter recession could be on the cards for Germany as factory activity levels slumped in November, according to data released on Wednesday by the Federal Statistical Office.

Turkey

Explosion at Turkish weapons factory kills at least 11 people

The explosion collapsed one of the main production buildings, and the surrounding buildings sustained minor damage, according to authorities.

Tech News

What is an AI factory and why is the EU betting big on them?

The European Commission approved seven new AI factories earlier this month. We take a look at what these factories are and what to expect from the EU ones.

Business

Volkswagen majority stakeholder supports German factory closures

Car giant Volkswagen’s biggest owner, the Porsche-Piëch family, has said they are in favour of reducing the number of German plants, as a cost-cutting measure.

Economy

Manufacturing in China turns positive after months of contraction

A key manufacturing index in China turned positive in October after months of contraction

Business

Tesla gets go-ahead for controversial factory expansion in Germany

The US electric car maker has plans to build the biggest car plant in the country, manufacturing one million cars annually.

Business

Coca-Cola loses its fizz with plan to axe hundreds of jobs in Germany

Coca-Cola is to shut down five production and logistics sites in Germany, in an attempt to cut costs and adapt to changing logistics trends.

Green News

Why is Hungary becoming a hotspot for lithium battery plants?

People are continuing to resist the factory through street protests, court cases and toxic air monitoring.

Economy

Industrial decline in Hungary accelerates as car production drops

The outlook for Hungarian industry remains pessimistic with last month's output improvement appearing to be an anomaly.