China dominated the world’s industrial production in 2021, as well as the growth of that sector, said the German chemical company BASF. Worldwide, global industrial production grew 6.5% in 2021 (2020: -3.0 percent). Overall, advanced economies experienced slightly lower growth (5.3%) than emerging markets, which experienced a 7.4%
German automaker BMW Group manufactures cars with fully electric or plug-in hybrid powertrains at 13 locations across its global production network. Globally, the company’s largest automobile and motorcycle markets are in Germany, the United Kingdom, China and the United States. Already fully electric models are part of the
Siemens, a technology group that is active in almost every country in the world, invests in the production of new technologies in Berlin, Germany. The company plans investments of up to 600 million euros in Siemensstadt Square. This project started in fiscal year 2019 aims to transform Siemens’
A new market in the making is the metaverse, which Jeffries Financial Group defines as a $2 billion opportunity for record companies in 2025. Until now, record companies have only participated on a limited basis, such as one-off virtual concert events on platforms like Roblox and Fortnite. Reservoir
Streaming was the main engine of growth for the music industry in the world in 2021, highlighted Reservoir Media, an independent music company based in New York, United States. According to the International Federation of the Phonographic Industry (IFPI), ad-supported streaming revenue grew 32% between 2020 and 2021.
The Netherlands led the competitiveness in the labor market according to a classification prepared by the Institute for Management Development (IMD, for its acronym in English), based in Switzerland. In that ranking, the World Competitiveness Ranking 2022, the Netherlands achieved the first position among 63 world economies evaluated.