News about Industry
Founder interference undermines corporate governance in state-owned enterprises (SOEs) and companies with majority state capital. The Audit Chamber’s audit, which will be presented to the Parliamentary Commission for the Control of Public Finances next week, confirms this.
The situation on the oil products market is serious because of the war in the Middle East, but in Moldova it is under control. This was stated by PAS deputy Marcel Spatar.
On Monday, March 9, Sendhil Palanni announced his resignation as vice president of finance at Tesla, where he has worked for nearly two decades. His career began when Tesla was on the verge of bankruptcy, and today the corporation is one of the leaders in the electric car market.
Financial experts of the French company BNP Paribas admitted that Nike may consider the possibility of selling the Converse brand, owned by the sports giant since 2003. The basis for such assumptions were both the decline in the brand’s financial performance and significant changes in management and cost structure.
Chinese garment factories have announced price increases amid a sharp rise in the cost of chemical fibers, including polyester and acrylic. The cost of these materials has increased by more than 10 percent since the start of U.S. and Israeli military action against Iran, according to representatives of seven factories in the country’s southern and eastern provinces.
Indian refiners bought about 30 million barrels of Russian crude after the U.S. gave the green light for such deals, with the price topping Dated Brent by $2-8 a barrel, Bloomberg wrote, citing informed sources.
US President Donald Trump announced on Tuesday that America First Refining (AFR) will build a new refinery in the state of Texas. This means that the US will have the first major refinery built in the last 50 years.
The escalation of the conflict around Iran is beginning to go far beyond geopolitics and is gradually affecting the global automotive industry. Experts note that tensions in the Middle East are already affecting business expectations, and automakers are being forced to revise their plans for the coming months.
This is about the Al-Ruwais industrial complex. A fire broke out on its territory due to a drone attack. This refinery is the fourth largest in the world in terms of production capacity and the largest in the UAE, Logos Press reported citing RBC.
China started 2026 with unexpectedly strong foreign trade figures. According to the General Administration of Customs of the People’s Republic of China, the country’s exports in January-February grew by 21.8% year-on-year, significantly exceeding analysts’ expectations and becoming the fastest growth rate in recent years.
Rapidly rising prices for gas and oil products are becoming a serious social problem and may result in irreparable economic losses for businesses.
The sugar market is not about “sweetness”, but about economy in its purest form: excess supply, rising costs and managerial mistakes are instantly converted into price. That is why there is always a lot of information noise around sugar – slogans “let’s provide the market with our own”, “the market needs protection”, “importers are enemies”. But the noise does not change the main thing: the market does not punish imports – the market punishes inefficiency. And today this is evident all over Europe.
Scientists from the University of Oulu (Finland) have developed epoxy and polyester resins based on sawdust, straw and other organic waste, which have greater strength compared to materials made of petroleum, Logos Press reports.
The Giurgiulesti Free International Port will have a new legal regime, which simplifies the management of the territory, stimulates investments and protects the rights of residents.
The Katko uranium mining joint venture, whose shareholders are France’s Orano (51%) and Kazatomprom (49%), significantly increased production last year. For the French co-owner, the enterprise has become a key foreign asset in 2025.
A new factory of the company “Brodecchi” S.R.L., one of the major producers of bakery products in Moldova, will be built on the site of the old one, following the model of its modernized production in the city of Orhei. It is planned to equip the production facility with modern equipment, as well as to expand the premises and improve working conditions.
Microchips, biotechnology, robotics and artificial intelligence will be excluded from the list of “strategic sectors” to be (partially) purchased from European manufacturers. Only heavy industrial goods such as mild steel and cement, aluminum and plastics used in the construction and automotive industries remain. These goods will have an advantage in the awarding of government contracts.
On the first day of China’s annual parliament, the government will unveil a new technology development strategy for 2026-2030 aimed at increasing competition with the West and scaling up innovation in AI, robotics and space.
Artificial intelligence is used at the enterprises of Bellegprom Concern, which includes more than 60 light industry enterprises in Belarus. First of all, it is used to develop product design.
China’s official business activity index (PMI) for the manufacturing sector remained below the 50 mark for the second consecutive month, indicating a continued contraction in output amid weak domestic demand and low investment.
