TOKYO (AP) — Honda says it plans to close its car factory in western England in 2021, with the potential loss of 3,500 jobs. The Japanese automaker made the announcement at a news conference Tuesday in Tokyo. It said the change reflects a global restructuring of its manufacturing. The decision was a fresh blow to … Continue reading TOKYO | Honda to shut plant in Britain, imperiling 3,500 jobs
WASHINGTON—Jan 18, 2019— US industrial production increased 0.3 percent in December, led by a surge in manufacturing. By Associated Press
BERLIN— A closely watched survey shows increasing pessimism among German businesses. The Ifo Institute said Tuesday its business confidence index dropped to 101 points for December from 102 points in November as managers’ view of both their current circumstances and their prospects for the next six months fell. That’s the fourth drop in a row. … Continue reading BERLIN | Survey shows German businesses increasingly gloomy
WASHINGTON — U.S. industrial production climbed 0.6 percent on surging output at mines and utilities. But manufacturing production was flat. The Federal Reserve said Friday that that utility output rose 3.3 percent as power companies were busier because of unusually cold weather. Mining output rose 1.7 percent on higher production at coal mines and oil … Continue reading WASHINGTON | US industrial production climbed 0.6 percent in November
MOSCOW — Two Russian cosmonauts are preparing to venture outside the International Space Station to inspect a section where a mysterious leak has been discovered. The leak was spotted on Aug. 30 in the Russian Soyuz spacecraft attached to the station. The crew quickly located and sealed the tiny hole that created a slight loss … Continue reading MOSCOW | Space station crew to inspect mysterious hole on spacewalk
DETROIT — General Motors’ planned shutdown of its Detroit-Hamtramck plant would leave only one auto assembly factory in the city known for “putting America on wheels,” but the closure and job losses are not expected to stall-out Detroit’s comeback since its 2014 bankruptcy exit. Experts say a more tech-driven and medical industry economy is moving … Continue reading DETROIT | GM plant closing not expected to stall Detroit’s rebound
WASHINGTON — U.S. employers added 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market. The Labor Department said Friday that the unemployment rate remained 3.7%, nearly a five-decade low, for the third straight month. Average … Continue reading WASHINGTON | US hiring slowed to 155K jobs, jobless rate stayed 3.7%
WASHINGTON — Friday’s jobs report for November is expected to point to a solid economy for most Americans, with steady hiring, a low unemployment rate and faster wage gains. If so, it would provide a dose of welcome news after this week’s frantic financial market gyrations, which have been driven by concerns that the U.S.-China trade … Continue reading WASHINGTON | Solid US jobs report expected amid sharp market volatility
