Global Economy

US Growth to Hit 3.2% in 2014 Says Obama Budget

Wed, 10 Apr 2013 15:31:00 +0000

The $3.77 trillion proposed budget also assumes that unemployment will average 7.2% next year, down from the current 7.6%.

Is U.S. Manufacturing Ready for its ‘Mega-Opportunity?’

Wed, 10 Apr 2013 13:53:00 +0000

A manufacturing leader says the time is ripe for more strategic investment in U.S. manufacturing to dramatically improve competitiveness.

Many of the stories about manufacturing reshoring these days involve baby steps - a single operation moving back, the return of a product line, a gain of a few employees. Daniel Mahler thinks it's time for bolder thinking.

French Industrial Output Rebounds in February

Wed, 10 Apr 2013 13:01:00 +0000

However the manufacturing sector showed a decline of 0.3%.

WTO Cuts 2013 Global Trade Growth Forecast to 3.3%

Wed, 10 Apr 2013 11:04:00 +0000

The announcement marked the second time that the WTO has reined in its figures for 2013, after initially estimating that world trade would expand 5.6%.

Microsoft, Oracle Take Google to Task at EU over Android Phones

Tue, 09 Apr 2013 20:08:00 +0000

Companies fear Google's dominance of operating system could stifle competition.

Google was in the firing line again on Tuesday after a group of major companies, including Microsoft and Oracle, complained to the European Commission over Google's offerings for Android-powered mobile phones.

US Treasury Chief Urges Strong EU Countries to Spur Growth

Tue, 09 Apr 2013 19:16:00 +0000

Stressing that the United States had an 'immense stake' in a prosperous Europe, U.S. Treasury Secretary Jacob Lew said that consumer demand was the driver of economic growth.

Innovation: Protecting Your Intellectual Property

Tue, 09 Apr 2013 18:22:00 +0000

Manufacturers and the U.S. government are taking new steps to protect against the theft of trade secrets as technology ratchets up the risk of unfair competition.

Drew Greenblatt can find his products easily on the internet. There are 20 companies in India, he says, that have pictures of his products on their sites for sale.

Global Manufacturer: Is There a Manufacturing Renaissance or Not?

Tue, 09 Apr 2013 18:15:00 +0000

Economists debate if we are stuck in neutral or on a path to millions of new manufacturing jobs.

Since manufacturing employment cratered in February 2010, the sector has been slowly and steadily adding jobs. The growth in manufacturing has prompted some to proclaim a manufacturing renaissance in the United States.

GM Holden Blames Japan for Australian Woes

Tue, 09 Apr 2013 14:41:00 +0000

GM Holden blames Japanese monetary policy for lagging car sales that have forced it to cut 500 jobs in Australia.

British Manufacturing Output Rebounds

Tue, 09 Apr 2013 10:37:00 +0000

February output increases 0.8% in the UK, enough to dampen speculation of the economy's slide back into recession.

February output increases 0.8% in the UK, enough to dampen speculation of the economy’s slide back into recession.