TSMC plans to invest 2.8 billion dollars in China to increase the production of semiconductor chips used in automobiles, the United Nations Conference on Trade and Development (UNCTAD) said. Worldwide auto unit sales grew 3% in 2021, buoyed by a strong recovery in final demand but capped by
The world’s two largest cocoa exporters –Ghana and Côte d’Ivoire– are working together to try to improve the terms of trade for their cocoa and thus increase the income of their cocoa farmers. In 2020, these countries jointly introduced a premium of $400 per tonne (the so-called subsistence
Investment in Mexico has remained weak, according to a report by the Organization for Economic Cooperation and Development (OECD). In general, the expansion projection for the Mexican economy is 1.9% in 2022 and 2.1% in 2023. Consumption will be favored by a gradual improvement in the labor market,
Over the past two years, Australian company Wesfarmers has worked to develop circular economy strategies with the aim of reducing the use of raw (or virgin or natural) material inputs and energy. Wesfarmers has driven the circular economy by manufacturing products and using materials more efficiently (including through
India is the second largest producer of aluminum with a capacity of 4.1 million tonnes per year (mtpa) to meet the country’s demand of around 4 mtpa. India’s global production share is around 3 percent. Despite this, 60% of India’s demand is met by imports. In that relation,
The Oshkosh Corporation schedules delivery of a fleet of vehicles, including electric vehicles, to the United States Postal Service in 2023. The company has secured its first order from the United States Postal Service for its new Next Generation Delivery Vehicle (NGDV), which will transform the USPS’s fleet