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4 mins read
India's diamond sector faces major crisis amid plummeting imports, exports, and massive job losses
According to the think tank data, a 24.5% drop in rough diamond imports from USD 18.5 billion in 20…
1 min read
Volkswagen mulls closing factories in Germany for the first time and cutting thousands of jobs to reduce costs
Union boss tells workers that VW plans to shut three plants in Germany, as well as slash jobs and c…
Tom Carter
2 mins read
1,000 workers at one car factory in China were told to either quit or sit around on minimum wage until the market picks up again: Nikkei
China's auto sector is struggling with overproduction, impacting domestic and international markets.
Meghan Morris
3 mins read
Auto workers threaten to strike at more factories if progress isn't made with automakers by Friday
So far, some 13,000 workers have stopped work at three factories, affecting manufacturing by all th…
Associated Press
2 mins read
Texas Roadhouse, Olive Garden, and other casual chains benefit from independent restaurant closures of the last year
An analyst says the restaurant closures benefitted large chains by reducing competition for custome…
Mary Meisenzahl
3 mins read
The UAW doesn't have to strike at every automaker or factory to shut down most of the auto industry
The United Auto Workers union's latest strategy could certainly hit the automakers where it hurts.
Alexa St. John,Nora Naughton
2 mins read
Chains like Ruby Tuesday and Red Robin's will never recover until indoor dining fully reopens, as restaurant closures loom
Three factors are going to make the restaurant industry's recovery even more difficult in the comin…
Kate Taylor
5 mins read
Canal closures make Rajasthan farmers uproot their kinnow orchards in bulk
But Jhatwal is not the only farmer to take such an extreme step. Several small and big farmers in R…
2 mins read
Tesla made good on Elon Musk's threats and sued a California county over the closure of its factory
Tesla's Fremont factory in Alameda County has been shut since March 23.
Charlie Wood
2 mins read
Tesla reopened its Shanghai factory after a government-ordered closure caused by the coronavirus
A Tesla executive in China said last week that deliveries of Tesla's Model 3 sedan scheduled for ea…
Mark Matousek
7 mins read
Lane Bryant's parent company will jettison 157 stores after filing for Chapter 11
The Ascena Retail Group's Chapter 11 filing lists 157 Lane Bryant outlet locations and standalone s…
Áine Cain
2 mins read
Trump threatens to slash GM's subsidies after the automaker announces layoffs, factory closures
GM announced Monday that the company would stop producing vehicles at three factories - one apiece …
Bob Bryan
1 min read
Punjab imposes statewide night curfew and closure of schools and colleges as COVID-19 cases spike again
The educational institutions include the schools, colleges, universities and the coaching instit…
4 mins read
76 Ann Taylor, LOFT, and Lou & Grey stores are closing after parent company Ascena filed for bankruptcy — here's the list
Ascena Retail Group is closing some Ann Taylor, LOFT, and Lou & Grey stores after filing for bankru…
Madeline Stone
1 min read
J. Crew is closing 8 stores — see if yours is on the list
J. Crew is closing a handful of stores after filing for Chapter 11 bankruptcy in May. Here are the …
Madeline Stone
2 mins read
Brooks Brothers is permanently closing 51 stores as it enters bankruptcy during the pandemic. See which have shut down so far.
Brooks Brothers decided to close 51 stores before filing for bankruptcy. Some of them have already …
Madeline Stone
8 mins read
GNC is closing 248 stores after filing for bankruptcy. Here's the full list.
GNC will close hundreds of stores as it restructures in bankruptcy. It's starting with these 248 st…
Madeline Stone
2 mins read
Abbott Nutrition received a complaint over conditions at its Michigan plant months before the factory was closed, report says
Abbott Nutrition closed its Michigan plant in February 2022 in the wake of complaints of illnesses …
Abby Wallace
2 mins read
China tells foreign business groups it will help fix supply chain problems as strict lockdown measures hit factories and transport, a report says
China has adopted a zero-Covid approach, introducing strict lockdown measures which have slowed the…
Abby Wallace
1 min read
Tesla shows off the inside of its China factory in new video where you can see the Model 3 being made
Tesla unveiled a video on Monday showcasing its new Gigafactory located in Shanghai. Tesla's Model …