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Shortly after a Chinese company opened up nearby, employees at Malaysian contract manufacturer Kemikon walked outside their factory to find sheets of paper stuck to their car windshields. The flyers were from Fengshi Metal Technology, a Suzhou-based rival that operates in similar areas of semiconductor equipment manufacturing. They promised salaries 30 per cent above the
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As the Infrastructure Investment and Jobs Act nears its midpoint, the massive uptick in discretionary grants for transportation infrastructure threatens to undermine the law’s effectiveness because of chronic delays and bureaucratic confusion. That’s what county and state representatives told lawmakers Thursday during a House Transportation & Infrastructure hearing on the rollout of the IIJA’s discretionary
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. [embedded content] Joe Biden called on Congress to “stand up” to Russian President Vladimir Putin as he opened his annual speech to Congress with a plea to support Ukraine and criticism of Donald Trump for
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West Virginia’s general revenue collections came in at $283.4 million in February, $30.62 million below the official estimate. February was the eighth month of fiscal 2024 and cumulative collections for the fiscal year of $3.581 billion so far are $428.1 million ahead of forecasts. “While February’s revenue came in slightly below our expectations, it’s important
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nikki Haley has decided to end her presidential campaign, a person familiar with the matter said on Wednesday. The move caps a bid for the White House that outlasted all the other Republican rivals to
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The US private sector added 140,000 jobs in February, signalling a modest uptick in the labour market ahead of job openings figures later this morning and Friday’s official non-farm payrolls report. February job gains surpassed 111,000 in January but fell below the 150,o00 that economists polled by LSEG predicted. Wage growth for those who remained
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Republican presidential candidate, former U.S. President Donald Trump speaks during a Fox News town hall at the Greenville Convention Center on February 20, 2024 in Greenville, South Carolina.  Justin Sullivan | Getty Images Donald Trump is racing to stave off a pair of civil penalties totaling nearly $540 million — without having to first put
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Professional sports-hungry Utah is hoping to entice baseball and hockey to come to Salt Lake City with bills state lawmakers passed last week that authorize bond issuance for stadiums. House Bill 562 allows up to $900 million in financing to cover half the cost of a Major League Baseball stadium within a Fairpark Area Investment
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Shares in Tesla dropped more than 7 per cent on Monday after shipments from the electric-car maker’s China factory hit a 14-month low in February, amid disruption from the lunar new year and a price war. Tesla delivered 60,365 cars from its plant in Shanghai last month, the lowest since December 2022, preliminary figures from
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Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China will target economic growth of around 5 per cent this year, a rate described as “ambitious” by analysts, as the world’s second-largest economy battles challenges ranging from a property slowdown to weak investor confidence.
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