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News in brief
We publish here worldwide news in brief. For news from our members view the next Section.
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CHINA's economy loses steam in April as retail sales hit 40-month low
China's economy stumbled in April with consumption, industrial output and investment growth missing expectations as the fallout from the Iran war dampened momentum in the world’s second-largest economy.
Retail sales grew 0.2% last month from a year ago, sharply missing economists' forecast for a 2% rise and slowing from 1.7% in March, according to data released by the National Bureau of Statistics on Monday. That marked the weakest growth since December 2022, according to Wind data, as China started to loosen its Covid curbs.
China's industrial output jumped 4.1% in April from a year earlier, decelerating from 5.7% growth in March, and undershooting expectations for a 5.9% rise in a Reuters poll.
New drone production factory in Ghimbav, Brașov County - ROMANIA
Romanian-Spanish defense technology company Orbotix Industries announced on Tuesday, May 12, that it has inaugurated a new drone production factory in Ghimbav, Brașov County.
The new production unit is expected to reach a capacity of up to 800 drones per month, as operations mature and gradually expand over time.
Moreover, according to the information communicated, the company headquartered in Poland aims to grow output to 10,000 such aircraft annually with 40 employees. To reach that level of production, however, the company would need hundreds of millions of euros.
Zoox robotaxis are on the ground in Miami. Here's what comes next.
Our journey to bring safe, comfortable, autonomous ride-hailing mobility to the world is accelerating. We're excited to announce our next step: Zoox robotaxis are now driving in Miami.
Since mid-2024, our retrofitted testing fleet has been operating on the streets of Miami to map the city and train our AI. After the initial mapping phase, the vehicles drive autonomously with safety drivers supervising. The insights and learnings from these missions are then transferred to the software that powers our purpose-built robotaxi.
Latest news from our members
If your company is listed in The W Com Project then you can send us news related to the company to publish in this section - email us the latest notes: w@theWcom.com
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