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Foxconn, the world’s largest electronics manufacturer, is signaling a major pivot in its production strategy. The company plans to deploy humanoid robots at its new manufacturing plant in Houston, which is dedicated entirely to building powerful AI servers. The Shift to Automation This move represents a significant investment in advanced automation. By integrating these robots,…
A key executive at Volkswagen AG has urged a swift diplomatic solution to a trade stand-off between China and the Netherlands involving chipmaker Nexperia BV. The dispute stemmed from the Dutch government seizing control of Nexperia on national-security grounds. In response, China banned exports of the company’s chips, which carmakers like Volkswagen rely on. Olaf…
Toyota Motor Corporation reported a global production rise of 11% in September, reaching 918,146 vehicles, marking the fourth consecutive month of growth. The growth was propelled by strong U.S. demand—production in the U.S. jumped 29% thanks to high interest in hybrid models and recovery from last year’s production pause. In Japan output rose 9%, and…
A state secondary school in south London has made UK history by qualifying for an international “Olympics-style” robotics competition. Students from Langley Park School for Boys in Beckenham won the UK robotics championship earlier this year. They will now fly to Panama City on 29 October to represent Great Britain at the First Global Challenge,…
U.S. bond investors are reducing their holdings in longer-dated Treasuries as the Federal Reserve prepares to cut interest rates. Reuters Typically, investors buy longer-term bonds when the Fed eases rates. Instead, many are trimming those bets now, believing the economy may land softly without a deep downturn. Reuters The Fed’s policy-setting body, the Federal Open…
Wall Street futures climbed to record highs early Monday as investors grew optimistic about a trade truce between the U.S. and China and looked ahead to heavy tech company earnings. Pre-market data showed the Dow E-mini rose about 0.54%, the S&P 500 E-mini up roughly 0.74%, and the Nasdaq 100 futures jumped 1.04%. The optimism…
Pizza Hut was once a classic family spot with buffets, salad bars and ice-cream counters. But times have changed. The chain will now close half of its UK restaurants after being bought out of administration for the second time this year. Young customers say the brand has lost its appeal. Some complain the buffet and…
Japan has introduced the world’s first stablecoin pegged to the yen, marking a key milestone in digital finance. The coin, called JPYC, is issued by a Tokyo-based startup. It is fully convertible to the yen and backed by domestic savings and Japanese government bonds (JGBs). JPYC plans to issue 10 trillion yen (about $66 billion)…
Amazon plans to invest €1.4 billion (about $1.63 billion) in the Netherlands over the next three years, according to Dutch daily FD. The investment marks Amazon’s largest committed expansion in the Dutch market since launching there in 2020. The company currently employs around 1,000 people in the country. The funds will support service improvements, logistics…
Procter & Gamble (P&G), the massive consumer goods company behind brands like Tide and Pampers, has reported strong financial results, topping Wall Street’s estimates. Despite ongoing economic pressures like inflation, consumers are proving willing to continue spending on small personal indulgences. P&G’s premium beauty brands, which include names like Olay and Head & Shoulders, showed…
