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Industries: Page 248
Boeing’s 737 Output at Risk With Key Supplier in Labor Turmoil
Boeing is looking at moving to a monthly 737 build rate of 42 jets before the end of 2023, said commercial chief Stan Deal.
German €11bn Defense Orders Set for Lawmaker Approval
The German government reportedly plans on buying 60 Boeing Co. Chinook helicopters and three maritime surveillance vessels with almost $12 billion in funds.
How Aircraft Shortages Will Impact the Supply Chain This Summer
The aviation industry faces a potential aircraft engine shortage this summer, due to a number of factors.
Biden-Harris Administration Shares Plans to Strengthen U.S. Semiconductor Sector
The Department of Commerce plans on distributing over $50 billion in funds to semiconductor projects in the U.S., including $39 billion for semiconductor manufacturing incentives.
House Report Connects Temu and Shein to Import Violations, Forced Labor Practices
Temu and Shein utilized a special legal exemption to “avoid import duties and minimize the likelihood" that packages will be screened for UFLPA compliance the report said.
Eni Increases Gas Reach with $4.9bn Neptune Deal
The deal’s enterprise value is reportedly split into $2.28 billion for Neptune’s Norwegian assets, which go to Var Energi, and $2.6 billion for the rest.
BrewDog Chooses Kegstar for Steel Keg Supply Chain Programs
The deal will see Kegstar offer its kegs and services to Scotland, Germany and Australia with additional plans to expand across Western Europe at a later date.
Nigeria’s Oil Goes Unsold as Tax Clawback Shakes Confidence
Traders said Nigeria's surplus was caused by a request for back taxes from shipping companies, which created wariness among firms looking to collect oil barrels from the country.
Airbus Outsells Boeing as Focus Shifts from Buying to Building
North American and European carriers sat largely on the sidelines while Airbus raked in a record-setting deal for 500 narrowbody jets from low-cost carrier Indigo.
Shein Eyes Overseas Expansion to Shift Supply Chain Beyond China
The company will launch an online marketplace in Mexico followed by rollouts in Germany, Spain, France and Italy during the third quarter of 2023.
Chamber of Commerce Welcomes Medical Supply Chain Resilience Act
The Medical Supply Chain Resiliency Act would allow the establishment of trusted trade partnerships to diversify the sourcing and procurement of medical devices as well as pharmaceuticals.
Hog Herds to Shrink as U.S. Farms Lose Money, Smithfield Warns
American pig growers are losing as much as $80 a hog according to Shane Smith, the chief executive officer of Smithfield Foods.
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