Copernicus Sentinels: UK industry loses out in European satellite bidson July 1, 2020 at 1:23 pm
Image copyrightAirbus DS/Max AlexanderUK industry is the big loser as Europe seeks to expand its Copernicus Earth observation programme.Contracts have been approved to lead the development of six new satellite systems, including one to track carbon dioxide (CO2) in the atmosphere.British companies had hoped to play a significant role in the enlargement but that idea has been knocked back.A European Space Agency industrial policy committee has given all the prime contracts to continental firms.Worse still for British interests, the value of the sub-contracting involvement is just two-thirds of ...
General Motors, Fiat Chrysler sales down sharply as coronavirus hammers industry
DETROIT — General Motors saw its sales drop 34% in the second quarter of the year, as the impact of the COVID-19 pandemic came more into focus.Auto production was shut down for much of the quarter and stay-at-home and related orders in many places limited sales.GM’s sales dropped from 746,659 to 492,489 for the period — April, May and June — compared with the same three months in 2019.The company’s brands all experienced declines: Buick, 36%; Cadillac, 41%; Chevrolet, 34%; and GMC, 33%. But a handful of models showed some increases, such as the new Chevy Blazer.Earlier Wednesday morning, Fiat ...
Detroit Free Press
Real estate has been a key driver of economic growth during the past few decades in the region. Although it was arguably one of the worst affected sectors during the global economic slowdown in 2009, with Dubai’s property market particu- larly hit, the industry has since matured, and was finallyon the path to bottoming out this year in anticipation of Expo 2020. But the coronavirus pandemic is taking a toll on real estate devel- opers and homebuilders as they enter the second quarter of the year, normally a strong season for sales, ratings agency S&P; said in a recent report. “Weakening econom...
FEATURE: Japan fireworks makers look to light up virus-hit industry
At this time of year Kohei Ogatsu would normally be spending his days busily preparing for the fireworks festivals that are a summer staple in Japan.The coronavirus pandemic has changed all that.Around 80 percent of the displays due to have taken place during the peak season for pyrotechnics have been canceled, and that spells trouble for people like Ogatsu, the 38-year-old director of the Tokyo-based Marutamaya Ogatsu Fireworks Co."We are facing tough times," he said. "Basically, unless we launch fireworks, we have no revenues."Ogatsu, whose family business dates back to 1864 and who particip...
Fake admission racket a parallel industry that needs dismantling
By Wang Yiqing | China Daily | Updated: 2020-06-18 07:39Sixteen years after sitting for the national college entrance examination and not receiving an admission letter, a rural woman surnamed Chen inadvertently found out that she did get admission to Shandong University of Technology and even successfully graduated from there.An impostor, whose score was 243 points lower than Chen's, got hold of her college admission letter, faked her identity to pass herself off as Chen, received higher education at the university and became a civil servant afterwards. All this while, that is, for 16 years, C...
Saudi fund launches $1bn pandemic stimulus plan to help industry
RIYADH: The Saudi Industrial Development Fund (SIDF) has launched a SR3.7 billion ($1 billion) stimulus plan to support industrial projects affected by the coronavirus pandemic.The initiative aims to support more than 500 industrial projects by deferring and restructuring loan instalments for small, medium and large industrial enterprises.It will also provide lines of credit to finance up to three months of operating expenses for qualified small and medium enterprises, and issue loans for medical and pharmaceutical supplies producers, SIDF said on Tuesday.The package will support 381 small ent...
Vehicle sales down 85% in May amid penny-pinching
Vehicle sales dropped nearly 85 percent in May compared to the same month last year as auto companies struggled to pitch new cars to consumers due to the pandemic.Car and truck manufacturers only sold 4,788 units in May, marking an 84.6-percent drop from the 30,998 units sold in the comparative period in 2019. The data is from a joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) and Truck Manufacturers Association (TMA), which was released on Monday.Like other industries, the auto industry is also suffering from the impact of the global health crisis and t...
Philippines Daily Inquirer
Taiwan pedals faster to meet global pandemic demand for bikes
Taichung (Taiwan) (AFP) - Deserted streets, cabin fever and worries over COVID-enabling commutes in Europe and America have sent demand for bikes into high gear -- with factories in Taiwan racing to push out new units and scrambling to find parts.The deadly virus has sparked a global recession and hammered many industries, but it is boom time in the bike world and a major bonus for Taiwan, which is a leading bicycle producer and has managed to avoid mass lockdowns by defeating the coronavirus early on.At Giant, the world's largest bike company, it has been a dizzying few months, according to C...
Dubai charts a path to luxury industry's new normal
The waiter at a chic Dubai restaurant wears a face mask and gloves, pours the wine into plastic cups and serves the steaks on paper plates with disposable cutlery.As the pandemic lockdown eases in Dubai, its world-class tourism industry is charting a gradual comeback -- but the new normal has taken a toll on the city's "wow" factor.Tables at the usually buzzing French bistro and bar, set among gleaming skyscrapers and long popular for its food and daily happy hours, are now set two metres (six feet) apart."For next time, you can choose to bring your own knife and fork if you wish," the waiter ...
Dubai charts a path to luxury industry's new normal
Dubai (AFP) - The waiter at a chic Dubai restaurant wears a face mask and gloves, pours the wine into plastic cups and serves the steaks on paper plates with disposable cutlery.As the pandemic lockdown eases in Dubai, its world-class tourism industry is charting a gradual comeback -- but the new normal has taken a toll on the city's "wow" factor.Tables at the usually buzzing French bistro and bar, set among gleaming skyscrapers and long popular for its food and daily happy hours, are now set two metres (six feet) apart."For next time, you can choose to bring your own knife and fork if you wish...