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Industries: Page 231
Three Organizations Agree to Build Hydrogen-Powered Tourism Ship
The 40-seat vessel, which is outfitted with a 350-kilowatt hydrogen fuel cell, qualifies as a research, development and demonstration (RD&D) project under South Korea’s national hydrogen strategy.
South Africa to Face Pressure from Trade Partners to Ditch Coal
South Africa is trying to increase its supply of renewable energy to reduce greenhouse gas emissions and its reliance on Eskom Holdings SOC Ltd.
Watch: The New Last Mile: More Options Than Ever
Bill Catania, chief executive officer of OneRail, explains how shippers are benefiting from a range of new options in parcel and courier services, and how technology is making it possible.
OEMs Confident They Can Overcome Supply Chain Issues
Almost two-thirds of senior automotive executives say they cut their backlogged orders by 61% while another 34% expect to reduce their backlogs over the next 12 months.
Tyson Foods Dealing with Excess Inventory, Low Demand
Tyson recently closed down its Van Buren, Arkansas plant, one of six planned shutdowns to cut costs as Tyson deals with flat demand and a drop in wholesale prices.
Saudis, Russia Extend Their Oil-Supply Curbs to Year-End
The leader of the Organization of Petroleum Exporting Countries will continue its production cutback of 1 million barrels a day until December 2023.
Shopify Merchants to Offer ‘Buy with Prime’ Option Following Amazon Deal
Shopify had a change of heart after it told merchants in 2022 not to use Amazon’s “Buy with Prime” feature because it violated the website's terms of service.
China State Media Declares Huawei Phone a Victory in U.S. Tech War
Speculation swirled that the device achieved 5G capabilities, which would make it the first such handset since the Shenzhen-based electronics firm lost access to advanced chipmaking technologies in 2020.
U.S. Offering $12B to Automakers and Suppliers for Advanced Vehicles
About $2 billion in grants for advanced vehicles will come from the Inflation Reduction Act while another $10 billion will be provided by the Energy Department’s Loans Program Office.
Spanish Food Industry Group Makes Plea for Water as Drought Threatens Crops
The government should develop new water interconnections and transfers between basins and invest in expanding and modernizing water storage as well as irrigation infrastructure, Fiab said in the statement.
Hyundai and LG Planning to Spend an Additional $2B on Georgia Battery Plant
The two companies will spend a total of $7.59 billion on the plant and create 8,500 new jobs in Bryan County, Georgia.
Unfair Labor Practice Charges Filed Against GM and Stellantis by UAW
The charges claim that both companies refused to bargain in good faith over wages and benefits during contract negotiations held over the last six months.
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