Politics and convenience drive Mexico to be US’s top trading partner | Business and Economy News

Politics and convenience drive Mexico to be US’s top trading partner | Business and Economy News

Before Elon Musk announced that he would pour billions into building his largest Tesla plant in the industrial outpost of Monterrey, Mexico, United States trade winds were already shifting south. In late 2022, Mexico’s Economy Minister Raquel Buenrostro Sánchez said that 400 companies had expressed interest in relocating from Asia…

Samsung to Begin Laptop Manufacturing at Noida Plant Later This Year: Report

Samsung to Begin Laptop Manufacturing at Noida Plant Later This Year: Report

Samsung plans to start manufacturing laptops at its facility in Noida later this year, according to a top company executive. The South Korean tech conglomerate already manufactures its smartphones in the country — these are sold domestically as well as exported — and is already making preparations to begin assembling…

Tesla recalls 1.6 million electric vehicles in China | Business and Economy News

Tesla recalls 1.6 million electric vehicles in China | Business and Economy News

The cars reportedly have problems with their automatic assisted steering and door latch controls. Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles in China for problems with their automatic assisted steering and door latch controls. China’s State Administration for Market Regulation (SAMR) announced…

Sanctions threat looms over Bangladesh’s garment sector ahead of elections | Business and Economy News

Sanctions threat looms over Bangladesh’s garment sector ahead of elections | Business and Economy News

Dhaka, Bangladesh — Weeks after turbulent wage-hike protests and subsequent factory closures, Bangladesh’s ready-made garment (RMG) industry, a key revenue earner for the nation, is dealing with a new phase of anxiety: “possible” economic sanctions by the country’s Western partners. The United States and European Union collectively account for more…