Industry News

The US manufacturing sector witnessed a significant setback in April, with the ISM manufacturing index registering its sharpest decline since November. Data released by the Institute for Supply Management (ISM) on Thursday showed that the manufacturing index dropped 0.3 points to 48.7, below the 50 - point threshold that separates expansion from contraction, indicating an overall shrinking manufacturing sector.

India, often celebrated for its vibrant motorcycle culture, has emerged as a formidable force in motorcycle manufacturing. Brands like Bajaj Auto, Hero MotoCorp, and TVS Motor Company are not only making waves at home but also outperforming industry giants globally, challenging the traditional dominance of established players.

In recent years, Russia has firmly established itself as the world's largest grain exporter, a remarkable achievement for this traditional agricultural powerhouse. The country's agricultural prowess has deep historical roots. Prior to the October Revolution, around 82% of the Russian population was engaged in agriculture, with agricultural output accounting for 57% of the total industrial and agricultural output.

The landscape of space technology is undergoing a revolutionary shift, driven by breakthroughs that are dismantling the barriers of cost and accessibility to unlock a new era of commercial space exploration. No longer confined to government-led missions, the industry is witnessing a surge of innovation that promises to transform space from a frontier of scientific curiosity into a thriving commercial ecosystem. At the heart of this transformation is the pursuit of low-cost solutions, which are making once-ambitious ventures like satellite internet, space tourism, and reusable rockets not just

The United Kingdom stands as a global hub of academic excellence and biopharmaceutical innovation, boasting world - renowned institutions and industry giants. With prestigious establishments like the University of Oxford and the University of Cambridge leading the research front, and pharmaceutical powerhouses such as AstraZeneca and GlaxoSmithKline driving medical advancements, the UK has firmly secured its place at the forefront of global knowledge and healthcare.

Sweden has emerged as a global leader in environmental technology and sustainable practices, with a robust industry that combines innovation, advanced infrastructure, and a deep commitment to ecological stewardship. The country’s environmental sector has become a cornerstone of its economy, driven by cutting-edge solutions that address some of the world’s most pressing environmental challenges, from pollution control to resource management.

Canada has emerged as a dominant force in the global drone technology arena, particularly excelling in commercial and scientific research applications. Outshining even technological powerhouse the United States in certain aspects, the nation's expertise has redefined industry standards, driving innovation and practical implementation of drone technology worldwide.

Samsung Electronics has officially launched its new foldable smartphones, the Galaxy Z Fold 7 and Z Flip 7, with pre-orders now fully open. The most notable upgrade in this iteration is the significantly slimmer body, which offers improved portability and has won widespread praise from early reviewers. However, this engineering breakthrough has also pushed up product costs and repair risks.

Foreign media reports that Nvidia and AMD have received U.S. government support to restart AI chip exports to China. Nvidia announced it will resume selling the China-customized H20 chip and launch a new compliant product, the RTXPRO GPU. CEO Jensen Huang stated in Beijing that the Chinese market is "vital" to the company, with H20 ready: "We are very pleased to ship as soon as possible."

Meta has confirmed it will not sign the European Union's voluntary code of conduct for general-purpose artificial intelligence, just two weeks before the bloc's binding Artificial Intelligence Act takes effect on August 2, 2025. The social media giant cited "legal uncertainty" introduced by the voluntary guidelines and argued they exceed the scope of existing regulations, creating potential compliance risks for companies.

The Defense Counterintelligence and Security Agency (DCSA) on July 9 released its 2025-2030 IT Strategic Plan, outlining six core objectives to modernize defense cybersecurity, enhance data-driven decision-making, and foster collaboration with industry and academia. The initiative aims to create a secure digital ecosystem aligned with the Pentagon’s broader digital transformation goals, particularly supporting the Department of Defense’s (DoD) Chief Digital and AI Office (CDAO) in advancing AI integration and governance .

Nintendo has announced the second iteration of its Switch Online Playtest Program, opening applications on July 18th to 40,000 Switch Online + Expansion Pack members for a closed beta of an unannounced online service. This marks a significant expansion from the 10,000 participants in the 2024 trial, quadrupling the user base to gather broader feedback ahead of a potential full launch. The test will run from July 29th to August 11th, 2025, and supports both the current Nintendo Switch and the upcoming Switch 2, signaling strategic alignment with the next-gen console’s launch plans .

SAO PAULO, Brazil, June 25 (News Wire) – Brazil's retail sector staged a recovery in May, with foot traffic at physical stores rising 1.86% year-on-year, marking a significant turnaround from April's 3.99% decline. This rebound was primarily fueled by a robust 3.8% surge in street commerce, according to Seed Digital's Retail Purchase Intent Index (IICV Seed).

Online pharmaceutical sales in Russia soared by 35.7% year-on-year in the first quarter of 2025, reaching 139.5 billion rubles, triple the average growth rate of the sector. This marked the first time online drug sales accounted for over 1.15% of the total pharmaceutical market share.

On July 17, the U.S. House passed two key crypto bills, marking the first major step toward formal industry regulations. The moves aim to legalize digital assets and pave their way to mainstream financial status.

TikTok Shop’s US mid-year promotion has kicked off with a historic first-week performance, breaking records across multiple business models and product categories, according to updates on July 18.