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Another year passed by. Another year devolved in expectation for resumption that finally takes place, totally devoted to open new markets, despite the global uncartainity that placed hot areas just in the middle of growing countries. In the sector of machine tools, despite the global decrease of sales, European companies improved the result of 2016, breaking again the wall of 24 billion euro, with an annual growth of 2% that leads total turnover to 24.4 billion euro. At the same time, European companies pointed hard on new technologies, chasing innovation included in the induction of Industry 4.0 and AI. Germany stands firmly in its MT producer leadership position, securing 46.4% of the CECIMO MT production, followed by Italy and Switzerland, with 21% and 11%, respectively.According to Cecimo, European companies exported 18.3 billion euro worth machine tools, mainly to China (14.9%) and US (10.5%), although, the trade within European countries remains the most important – 41.5% of our...


OPEC says its expect demand for its oil to be higher than expected as its policy of letting prices fall to hurt other producers begins to bite. The Organisation of Petroleum Exporting...




China has posted its slowest growth in six years. The figures confirm perceptions that the world's second largest economy is showing weakness in key sectors. Monthly retail sales,...




Global goods trade will grow over the next two years, but not as much as previously expected, according to the WTO. The World Trade Organisation predicts a 3.3 percent rise this year...




Quaker Chemical gains efficiencies on tooling costs and solves coating incompatibilities with QUAKERCOOL® 750 TPFor many pipe manufacturers, annual threading tool costs can be ten...




Another rise in sales and at a faster rate than previously. New car sales across the EU are up for the 17th consecutive month with close to a million units being sold.The European...




Honda has announced its chief executive is standing down. Takanobu Ito will remain on the board as a director and adviser. Ito, who joined Honda Motor in 1978, is a victim of poor...




Consumer prices in the US have seen their biggest fall since 2008 driven by the drop in the oil price. The Labor Department said the Consumer Price Index was down 0.7 percent last...




A power output the equivalent of around three nuclear plants is to be shared between France and Spain.The link to carry energy across the Pyrenees mountains was launched on Friday in a...


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