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Madinah's economy is thriving, with the logistics sector growing 54% year-on-year in 2024, supported by robust infrastructure including airports and highways. The hotel sector saw a 42% increase, while tourism-related businesses grew by 33%. Additionally, the region's digital transformation is advancing, reflected in its improved ranking in the Smart City Index.
US concerns over China's chip advancements are escalating amid the Huawei-TSMC dispute, with officials highlighting illegal shipments of advanced chips to China. Jeffery Kessler, a nominee for the US Commerce Department, emphasized the need for stringent enforcement to prevent Huawei's access to advanced technology.Despite sanctions, Huawei is making significant progress in the chip industry, aiming to boost AI chip production and alleviate the chip shortage in China. The company plans to manufacture 100,000 Ascend 910C chips and 300,000 units of 910B by 2025, positioning itself as a formidable competitor in the AI chip market.
India has commenced the export of apple components to China and Vietnam, marking a significant development in its trade relations. This move reflects India's growing role in the global supply chain for technology components. The commitment to ethical reporting remains a priority, ensuring transparency and integrity in coverage.
Kontoor Brands, Inc. is a global lifestyle apparel company known for its Wrangler and Lee brands, offering a wide range of apparel, footwear, and accessories. The Wrangler segment features various sub-brands like 20X and Aura, while Lee includes jeans, shirts, and jackets for all ages. The company operates through multiple distribution channels, including wholesale and direct-to-consumer sales.
In January 2025, Japan imported 34 million barrels of Saudi crude oil, making up 41% of its total oil imports of 82.99 million barrels. The Arab nations contributed significantly, with the UAE supplying 35.31 million barrels (42.6%), while imports from the US, Central and South America, and Oceania accounted for the remainder. Japan's energy strategy is influenced by geopolitical factors, including bans on oil imports from Iran and Russia.
Compagnie de Saint-Gobain is a global leader in building materials, organized into four divisions: high-performance solutions, material distribution, construction product manufacturing, and glazing. The company excels in ceramics, plastics, abrasives, and glass, serving various sectors including construction and healthcare. Additionally, it is expanding its glass processing and distribution business for the building industry.
Deutsche Bank has raised its price target for Primo Brands Corporation to $40 from $38 while maintaining a Buy rating. Primo Brands focuses on healthy hydration, offering a diverse range of packaged beverages, including well-known brands like Poland Spring and Pure Life, distributed across over 150,000 retail outlets in North America. The company also operates Water Direct, Water Exchange, and Water Refill businesses, emphasizing sustainable hydration solutions and reusable packaging.
Swiss SMEs are facing challenges due to potential US tariffs, with the SME PMI rising slightly to 49.9 points in February, just below the growth threshold. While the pharmaceutical sector shows positive export growth, other industries are experiencing declines, leading to concerns about employment and sales. A significant portion of SMEs anticipates a drop in export sales to the US if tariffs are implemented, with broader implications for the Swiss economy if trade policies tighten further.
Toyota Motor plans to increase payments for domestic parts to enable suppliers to raise wages, aiming to maintain a stable supply base. This move aligns with Japan's push for small firms to offer significant pay increases during annual wage negotiations, with a focus on supporting the 70% of workers employed by smaller companies. The outcome of these talks is being closely monitored by policymakers and the Bank of Japan.
Saudi Arabia plans to invest $100 billion in its mining sector by 2035, with $20 billion already allocated, as part of its Vision 2030 economic reform strategy. The Kingdom's mineral wealth has surged to $2.5 trillion, driven by a 22-fold increase in exploration companies and a 32% rise in annual exploration spending, significantly outpacing the global average. This investment aims to meet the growing global demand for critical minerals and solidify Saudi Arabia's position in the global supply chain.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Madinah's economy thrives with growth in logistics tourism and technology sectors
11:29 01.03.2025
us concerns grow over huawei's advancements in chip technology amid tensions
08:00 01.03.2025
India begins exporting apple components to China and Vietnam
06:43 01.03.2025
kontoor brands poised for long-term growth amid tariff challenges
17:33 28.02.2025
Japan's January oil imports heavily reliant on Saudi and UAE supplies
14:25 28.02.2025
Saint Gobain's Global Leadership in Building Materials and Solutions
14:17 28.02.2025
deutsche bank raises primo brands price target and maintains buy rating
13:56 28.02.2025
Swiss SMEs face challenges from potential US tariffs and export declines
11:16 28.02.2025
Toyota increases parts payments to support wage hikes for domestic suppliers
09:23 28.02.2025
Saudi Arabia plans 100 billion investment in mining sector by 2035
08:45 28.02.2025
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