Tag: Manufacturing
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Tariffs Hit Canadian Truck and Bus Makers as New levies Take Effect
Overview: Tariffs Take Effect Across the Heavy Vehicle Sector Canada’s fresh set of tariffs targeting medium and heavy-duty trucks, as well as related parts, began this week, placing additional pressure on a domestic manufacturing sector already navigating global supply chain disruptions and rising material costs. The policy, designed to shield domestic producers from foreign competition…
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Samsung and NVIDIA Unite to Drive AI Megafactory Revolution in Global Manufacturing
Overview: A Bold Leap Toward AI-Driven Manufacturing Samsung Electronics today announced a landmark collaboration with NVIDIA to establish a new AI Megafactory. This ambitious project signals a decisive move toward AI-driven manufacturing on a global scale, aiming to redefine how products are designed, produced, and brought to market. By combining Samsung’s manufacturing prowess with NVIDIA’s…
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Samsung and NVIDIA Unveil AI Megafactory to Transform Global Manufacturing
Samsung and NVIDIA Announce a Bold Leap into AI-Driven Manufacturing In a landmark collaboration, Samsung Electronics has joined forces with NVIDIA to create what they’re calling an AI Megafactory. The project aims to redefine global manufacturing by deploying advanced AI across production lines, logistics, and product design. This initiative signals a broader industry shift toward…
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Canada Exports Fall as Tariffs Hit Trade in Q2 2025
Canada’s Exports Slide as Tariffs Weigh on Trade Canada’s export sector faced a sharp pullback in the second quarter of 2025, driven by new U.S. tariffs on key goods and weakened global demand. Statistics Canada data show exports declining by 7.5% in Q2, marking the largest quarterly drop since 2009 outside the pandemic period. The…
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South Korea Q3 GDP Surges, Fastest in Over a Year
Strong Q3 Growth Beats Expectations South Korea’s economy expanded at its fastest pace in more than a year in the third quarter, with advance GDP data from the Bank of Korea showing a 1.7% year-on-year increase. This outpaced economists’ expectations, who had penciled in a 1.5% rise. On a quarter-on-quarter basis, GDP grew by 1.2%,…
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South Korea Q3 GDP jumps 1.7% on strong exports driving growth
South Korea’s economy accelerates in Q3, beating expectations South Korea posted robust third-quarter growth, with a year-on-year GDP expansion of 1.7% that outpaced economists’ expectations. The advance estimates from the Bank of Korea (BoK) show a noticeable acceleration from Q2, when growth was 0.6% year on year. The quarterly figure also topped forecasts, underscoring a…
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Canada’s Exports Fall as U.S. Tariffs Hit Trade
Canada’s Exports Decline Under Tariff Pressure Canada’s export sector faced a substantial setback in the second quarter of 2025 as U.S. tariffs on key Canadian goods weighed on trade activity. Statistics Canada data show a 7.5% drop in exports in Q2, marking the sharpest quarterly decline since 2009, outside the COVID-19 period. The pullback followed…
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South Korea GDP grows at fastest pace in over a year
South Korea posts faster-than-expected third-quarter GDP growth South Korea’s economy expanded at the fastest pace in more than a year in the third quarter, with advance data from the Bank of Korea showing a 1.7% year-on-year rise. That outpaced the 1.5% growth economists expected and beat the prior quarter’s 0.6% expansion, underscoring a robust recovery…
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Canada’s Exports Slump as U.S. Tariffs and Global Demand Slow Down
Canada’s Exports Fall Sharply Amid Tariffs and Weak Global Demand Canada’s export sector faced a pronounced setback in the second quarter of 2025 as U.S. tariffs on key Canadian goods and soft global demand together pulled the economy southward. Fresh data from Statistics Canada show a 7.5% drop in exports from Q1 to Q2, marking…
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Singapore’s Q3 2025 GDP: Growth Slows to 2.9% as MTI Highlights Mixed Sector Performance
Singapore’s Q3 2025 GDP: A Mixed Picture Singapore’s economy expanded by 2.9% in the third quarter of 2025, according to advance estimates from the Ministry of Trade and Industry (MTI) released on Tuesday. This pace marked a slowdown from the 4.5% growth logged in the second quarter, reflecting varied performance across sectors as Singapore navigates…