Business

Rolls-Royce is expanding its factories so it can build cars more slowly Rolls-Royce is expanding its factory in Chichester, England. The BMW subsidiary is adding five new buildings with construction planned to begin next year. Usually, when automakers expand factories, it’s for one simple reason: build more cars. But this is a Rolls-Royce. Making and selling more Rolls-Royces would undermine …

Elon Musk won official praise for Tesla during a surprise visit to China Elon Musk has made a surprise visit to China as he bids to boost Tesla’s slumping sales and introduce the automaker’s self-driving technology in its second-largest market in the face of fierce competition. His second trip to the country in less than a year included a meeting …

Manufacturing in Mexico is having its time. The US is buying in — and so is China As the US supply chain decouples from China, Mexico’s manufacturing sector emerges as a winner. Manufacturing in Mexico is attractive to companies struggling with pandemic-era supply chains or looking to reduce reliance on trade between the US and China amid geopolitical uncertainty. That’s …

Biden hails UAW-Daimler Truck deal as ‘proof of collective bargaining power’ President Joe Biden praised the United Auto Workers and Daimler Trucks for reaching a tentative eleventh hour Friday night, preventing a possible strike affecting 7,300 workers. “This agreement is a testament to the power of collective bargaining and shows that we can build a clean energy economy with strong, …

Say goodbye to Ruby Tuesday and Chili’s. This is the hot new restaurant in the mall Looking for food at your local mall? As US malls race to reinvent themselves, they’re turning to sushi conveyor belts, craft beer membership clubs and Korean barbecue to replace burgers and fries. Over the past few decades, shopping malls have become the urban centers …

Rethinking Pakistan’s FDI obsession Many economists like to cite falling or rising figures for Foreign Direct Investment (FDI) coming into Pakistan. Not only does our government brag about the increase in FDI, but commentators also appreciate it as an important gain. SBP is constantly updating the figures. Their interest in FDI appears to be, if not a panacea, certainly a …

Cheap flour: a brief overview of market forces Wheat is the main staple food for 250 million Pakistanis, eaten at least twice a day. All governments have sought to ensure wheat availability since the 1950s and rely on minimum support prices and procurement plans to maintain strategic reserves through domestic and imported wheat purchases. Except for a few years, the …

A tale of two banks We have everything before us, we have nothing before us, we all go straight to Heaven, we all go the other way – in short, that period is as distant as the present,” quote from Charles Dickens’ “The Tale of Two Cities” was published in 1859. The year was 1997 and the young brand Khawaja …

Free trade zone of Pakistan and Xinjiang Xinjiang is undergoing transformation. President Xi Jinping attaches great importance to and prioritizes the rapid development of Xinjiang. In an effort to achieve President Xi’s vision, China is allocating huge resources to modernize and develop Xinjiang. China is actively building modern infrastructure, improving supply chain systems, and fostering livelihood opportunities. Due to the …

Europe is overcoming inflation. Why can’t America declare victory? Inflation may have fallen from multi-decade highs on both sides of the Atlantic, but progress has stalled in the United States, with the Federal Reserve now expected to start cutting interest rates well behind its European counterparts. Annual US inflation, as measured by the Fed’s preferred gauge, the Personal Consumption Expenditure …