All posts tagged: Industrial

US Industrial Production Disappoints In May

US Industrial Production Disappoints In May

Published by Jenni Sidey

Despite strong ISM Manufacturing data, US Industrial Production disappointed in May, rising just 0.1% MoM (vs +0.3% exp), but April’s print was revised up to +0.9% MoM. Put together, that lifted the YoY rise in industrial production to +1.67% – its highest since Nov 2025… Manufacturing excluding motor vehicles and parts was also flat in May, according to the Fed report. Mining output, which includes energy extraction, increased 1.3%. Utilities output fell. US Manufacturing production was unchanged in May (below the 0.3% rise expected), but thanks to an upward revision, the YoY rise was +1.4%, the highest since Nov 2025… May’s flat-line comes after four months of gains to start the year. The data showed a split between durable goods manufacturing, which continued to advance, and nondurable goods manufacturing, which declined. That decrease reflected a pullback in output for petroleum and coal products, plastics and rubber, and textiles. And finally, on the bright side, Capacity Utilization continues to rise, now at its highest in a year… The report is somewhat at odds with signals from …

Hidden Starship Trade: The Industrial Gas Giant Fueling SpaceX’s Rockets

Hidden Starship Trade: The Industrial Gas Giant Fueling SpaceX’s Rockets

Published by Jenni Sidey

Ahead of the SpaceX IPO, Rothschild & Co Redburn analyst Tony Jones published a note on space propellant economics and identified an industrial-gases giant that is well positioned to dominate the market for rocket propellants and mission-critical launch gases as SpaceX’s Starship launch cadence gains momentum and the broader space economy is set to double by 2035. Jones and his team reiterated their “Buy” rating on Linde and raised their 12-month price target to $560 from $550, telling clients on Wednesday that the company has built a deep moat in the industrial gases business after powering America’s rocket launches for the past six decades. The team at the equity research arm of Rothschild & Co Redburn sees SpaceX’s Starship as a “further demand accelerator,” with higher launch cadence and heavier propellant loads creating a new growth lever for Linde’s mission-critical gases business. Jones estimates Linde generated just under $4 million of revenue per average space launch in 2025. By 2028, that number could approach $6 million as Starship launches are set to increase dramatically, driving …

How Porto’s gritty, industrial neighbour became a cool coastal hotspot | Porto holidays

How Porto’s gritty, industrial neighbour became a cool coastal hotspot | Porto holidays

Published by Sam Flores

Why go now This once declining industrial city is on the up, but not so much that it has been ruined – yet. See it now, mid-gentrification, before its humble seafood restaurants become overpriced and its beautifully curated museums and galleries overrun. Five miles north-west of Porto city centre, Matosinhos (pronounced mh-to-ZEE-nyosh) is a municipality built on the fishing. After the construction of the vast Port of Leixões in the 19th century, its fishing industry boomed and supported 54 canneries in its mid-20th-century heyday. Two survive, but most have been demolished, along with the textile factories and sugar refinery that occupied the district south of the harbour, next to the extensive sands of Matosinhos beach, which are fringed by surf schools and rammed with Porto residents in summer. Luxury apartment blocks have risen from the ashes of once prosperous industries, but these stand cheek by jowl with 19th-century tiled houses, abandoned buildings daubed with graffiti and faded mid-century architectural classics championing raw concrete. The faculty of architecture at the University of Porto exerted its influence …

How campaigners beat industrial farming in Denmark’s ‘pig election’ | Animal welfare

How campaigners beat industrial farming in Denmark’s ‘pig election’ | Animal welfare

Published by Sam Flores

Like all new prime ministers, when Mette Frederiksen secured a third consecutive term as Denmark’s head of government this week, she promised her administration would take steps to “improve the everyday lives” of the country’s inhabitants. Unlike most new prime ministers, however, she specified that her left-leaning coalition’s policy programme would be not just for “the people who are in Denmark and the ⁠generations to come” but also “for the animals”. For the home of Danish bacon, an ultra-intensive farming country that produces about 30m piglets a year – against roughly 60,000 human babies – it was a huge moment: a Danish government, seeking existential reform of Denmark’s most iconic industry. It was also the culmination of two years of focused campaigning by animal welfare, environmentalist and residents’ groups that turned March’s ballot into what became known as “the pig election” – and won a comprehensive victory. “I hardly dare say it, but we got more than we asked for,” said Britta Riis, the head of Animal Protection Denmark, one of the primary actors in …

Pope Leo XIV compares AI to the Industrial Revolution – as new alternatives to big AI firms take shape

Pope Leo XIV compares AI to the Industrial Revolution – as new alternatives to big AI firms take shape

Published by Sam Flores

(The Conversation) — With the release of his encyclical letter Magnifica Humanitas on May 25, 2026, Pope Leo XIV has signaled that he wants the church to respond to artificial intelligence much as a predecessor, Pope Leo XIII, responded to upheavals during the Industrial Revolution over a century ago. Since the first act of his papacy – choosing his name – the current pope has repeatedly invoked the earlier Leo’s 1891 encyclical Rerum Novarum. That document, which waded into the political and economic debates of the time, denounced the excesses of the Gilded Age and pointed toward a more just social order. Now, Leo XIV has used his first major statement to the world to present a new Rerum Novarum for the age of AI. Rerum Novarum was more than just a theological text. It helped reshape economic policy around the rights of workers, serving as a spiritual foundation for European social democracy and the 1930s New Deal programs that still undergird economic life for working Americans today. It also spurred a movement of entrepreneurs …

Mistral AI launches Vibe, expands into industrial AI and announces data center push to challenge OpenAI

Mistral AI launches Vibe, expands into industrial AI and announces data center push to challenge OpenAI

Published by skeptic

Mistral AI used its inaugural conference on Wednesday to announce a sweeping expansion into industrial manufacturing, a new inference data center south of Paris, and a rebranding of its consumer-facing assistant — moves that collectively signal the three-year-old French startup’s ambition to become the enterprise AI provider of record for companies that refuse to hand their most sensitive data to American hyperscalers. At the AI NOW Summit, held at a venue in central Paris, co-founder and CEO Arthur Mensch took the stage alongside CTO Timothée Lacroix and Chief Scientist Guillaume Lample to lay out a strategy that stretches from bare-metal GPU clusters to physics simulations for aircraft wings. The company disclosed that it now employs 1,000 people and is targeting €1 billion ($1.17B USD) in revenue for 2026 — a figure that, if achieved, would be an extraordinary growth trajectory for a company that began with 15 employees collaborating with its first customer, BNP Paribas, in 2023. “We have two convictions at Mistral,” Mensch told the audience. “The first is that in order to deploy …

More than 60 firefighters at scene of large fire on industrial estate

More than 60 firefighters at scene of large fire on industrial estate

Published by Sam Flores

A large fire has broken out at an industrial unit in Oldbury. Emergency services were called to the blaze on the Rood End Road Industrial Estate shortly before 5:30am today. West midlands Fire Service said the incident involves a single storey factory building. Credit: West Midlands Fire Service” loading=”lazy” width=”300″ height=”225″ decoding=”async” data-nimg=”1″ class=”rounded-lg” style=”color:transparent” fifu-data-src=”https://i0.wp.com/s.yimg.com/ny/api/res/1.2/X0EVzKDpKfRTxbFH5VQlwQ–/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTMxNTtjZj13ZWJw/https://media.zenfs.com/en/itv_news_193/249cd313bd4da6a24ab63b1e458109ac?ssl=1″/> Two hydraulic platforms are being used to control the fire at the industrial unit in Oldbury. Credit: West Midlands Fire Service There are more than 60 firefighters from Smethwick, West Bromwich and Handsworth are on the scene, using 10 fire engines and specialist equipment including hydraulic platforms and aerial drones. Advertisement Advertisement Advertisement Advertisement A spokesperson from the fire service said: “This is likely to be a protracted incident and further significant updates will be provided when available. “Local Residents are advised to keep windows and doors closed and avoid the area.” Reporting History sees journalists join News At Ten anchor Tom Bradby to revisit their remarkable on-the-day reports of the defining events of the modern age. Listen to …

The Wedding Industrial Complex

The Wedding Industrial Complex

Published by Sam Flores

Were Weddings Always This…Extra? In our parents’ generation, most weddings took place in a house of worship, followed by a cake and punch reception in the basement or a local VFW hall, and everyone was decked out in polyester. No one was going for a “viral moment,” and videographers and photo booths weren’t a thing. But something shifted in Roxy’s and Katelyn’s lifetimes: today, many couples feel every detail of their wedding needs to reflect their unique personalities, and the wedding industry has exploded, to the tune of $1 trillion globally in 2025. No wonder wedding planning feels by turns fun and exhausting. In this episode, as Katelyn prepares for her July wedding, and producer Jonathan prepares for his September one, we reflect on the pressures women, especially, face as they prepare; what values guide our planning; and how to stay present on the Big Day (pro tip: get a day-of coordinator if you can!).  Source link