Volvo Shifts Production of China Manufactured EVs to Belgium

Wednesday, June 12, 2024

Volvo Cars has begun shifting the production of Chinese-made electric vehicles (EVs) to Belgium, anticipating a European Union crackdown on Beijing-subsidised imports, as reported by The Times on Saturday. Volvo, which is majority-owned by China's...


Vietnam's Steel Imports making Big Waves in Indian Steel Markets

Wednesday, June 05, 2024

Steel imports are expected to continue challenging domestic manufacturers in India, with Formosa Ha Tinh, a Vietnamese steel producer recently approved by the Bureau of Indian Standards (BIS), starting to ship its commodity to the South Asian nati...

Dr. Reddy's Laboratories Inaugurates new Biologics Unit in India

Wednesday, June 05, 2024

Dr. Reddy’s Laboratories announced that its contract research, development, and manufacturing organization (CRDMO) arm, Aurigene Pharmaceutical Services Limited, has inaugurated a new biologics facility spanning 70,000 sq ft in Genome Valley, Hyde...

Kyrgyzstan to Boost Renewable Energy Output via LiDAR

Tuesday, June 04, 2024

The U.S. Agency for International Development (USAID), through its Power Central Asia initiative, has supplied Kyrgyzstan's Ministry of Energy with a Light Detection and Ranging (LiDAR) unit. According to the U.S. Embassy in Kyrgyzstan, the precis...

OPEC+ Cuts Oil Production until 2025

Monday, June 03, 2024

OPEC+ has announced an extension of its substantial oil production cuts into 2025, aiming to stabilize the market amid sluggish demand growth, elevated interest rates, and increasing U.S. oil production. The group will maintain its current reducti...


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