Mitsubishi Electric Corporation announced on Tuesday that it will invest approximately 2.2 billion Indian rupees (US$ 28 million) in its Mitsubishi Electric India subsidiary to set up a new factory in India. The factory is expected to start operations in December 2023 and produce inverters and other factory
Canada, Mexico, China, Japan and Germany ranked, in descending order, as the top trading partners of the United States in the first four months of 2022, considering only goods, not services. This is how their participation in trade with the United States (imports plus imports) turned out: Canada
Mexico and Canada increased their exports of products to the US market in April, 20.9 and 38.4%, respectively, the Department of Commerce reported on Tuesday. With this, Mexican sales reached 38,874 million dollars and Canadian sales were 38,075 million. In general, the growth of foreign sales measured in
Xiaomi Corporation builds a new smartphone factory in Beijing, China, with an annual production capacity of 10 million units. In 2021, the company’s global smartphone shipments grew 30% year-on-year to a record 190.3 million units. The new factory will start production next year, according to statements by Lei
The United Nations (UN) expects Canada‘s economy to expand 4% in 2022, supported by the lifting of Covid-19 restrictions, the release of pent-up demand of exports. In response to high inflation, the Bank of Canada will continue to raise its official interest rate in the coming months, leading
The world economy may be on the verge of a new crisis, while it is still recovering from the pandemic, the United Nations Organization (UN) stressed. The war in Ukraine has upended a fragile recovery from the pandemic, triggering a devastating humanitarian crisis in Europe, driving up food