Acute gas crisis cripples industries
Acute gas crisis cripples industries

Years of disrupted gas supply have brought export-oriented industries and other factories to a severe production crisis. In key sectors such as textiles, ceramics, and ready-made garments, the captive power plants require a gas pressure of 15 PSI (pounds per square inch), but they are typically...

US’s Lockheed Martin delivers first F-16 block 70 jet to Bulgaria
US’s Lockheed Martin delivers first F-16 block 70 jet to Bulgaria

Lockheed Martin of the United States has delivered Bulgarias first F-16 Block 70 fighter jet, marking a significant milestone in the countrys air force modernization efforts. The announcement came on Monday following a ceremony held last Friday in Greenville, South Carolina, where the aircraft was...

Boeing reports $11.8 billion loss in 2024 after challenging year
Boeing reports $11.8 billion loss in 2024 after challenging year

Boeing announced a fourth-quarter loss of $3.8 billion on Tuesday, bringing its annual loss for 2024 to $11.8 billion, marking another difficult year for the U.S. planemaker. The company cited a machinists strike, job cuts, and issues with government programs as major factors contributing to nearly...

Thailand’s auto industry faces uncertain future
Thailand’s auto industry faces uncertain future

Thailands automotive industry is under pressure as new car sales remain uncertain due to an uneven economic recovery, the Bank of Thailand reported. According to the Monetary Policy Committees Q4 2024 report, pickup sales recovery lags behind passenger cars due to weaker purchasing power among...

US Steelworkers Union slams Nippon Steel's proposal for lack of long-term commitment
US Steelworkers Union slams Nippon Steel's proposal for lack of long-term commitment

The United Steelworkers union has raised concerns over Nippon Steels latest proposal regarding its potential merger with U.S. Steel, specifically criticizing its provision that grants the U.S. government veto power over future production cuts, reports Reuters. The union, which has staunchly...

Toyota’s global production declines for 10th month despite rising sales
Toyota’s global production declines for 10th month despite rising sales

Toyota Motor Corporation reported its 10th consecutive monthly decline in global production for November, even as sales rose for the second straight month. The Japanese automaker produced 869,230 vehicles worldwide, a 6.2% drop compared to the same month last year and a steeper decline than...

Government plans to drill 100 gas wells to alleviate crisis
Government plans to drill 100 gas wells to alleviate crisis

The government of Bangladesh has unveiled an ambitious plan to tackle the ongoing gas shortage and reduce its reliance on costly LNG imports by drilling 100 new and existing gas wells between 2025 and 2028. The move aims to enhance domestic gas production and ensure a steady supply to industries,...

Egg-chicken production to stop from Jan 1 if demands not met: Poultry Association
Egg-chicken production to stop from Jan 1 if demands not met: Poultry Association

Bangladesh Poultry Association (BPA) has raised 10 demands, including ensuring fair prices for the products produced by the countrys marginal farmers and closing down the companies syndicate. The organization has announced to stop egg and chicken production in marginal poultry farms across the...

Traders face escalated risk of default once again
Traders face escalated risk of default once again

Industrial production has sharply declined, and export income has been severely disrupted, bringing business and trade to a near standstill. Multiple pressures, including political instability, have contributed to this economic downturn. Among these challenges, a key factor is the reduction in the...