Home Posts tagged consumer
Economy News

Italy: Automobile production fell by 37.4%

According to figures released by the National Statistics Institute (Istat) on Monday, the decline in automobile production has accelerated sharply from July’s 7.4% drop. Italian automobile production dropped 37.4% in August. This decrease is mostly due to the global shortage of semiconductors, according to data released Monday by the Institute. According to figures
Economy News Shares

Hermès inaugurates a new factory

The new factory, which was inaugurated Friday near Bordeaux in France, is manufacturing Hermès bags in a wood and concrete building that houses nearly 200 newly trained craftsmen. There is a distinctive feature of the group: craftsmen are recruited without regard to their age, gender, or professional experience. Employees have thus come from a range […]
Economy News Shares

Nestlé upgrades its R&D center in Singapore

The Nestlé Group is upgrading its research and development (R&D) center in Singapore, which is celebrating its 40th anniversary this year. Laboratory facilities, demonstration kitchens, sensory testing areas, and the group’s basic research center will be included in the new facility. The amount of the investment was not disclosed. “The modernization of the