Manifattura
South Korea adds 234,000 jobs in February; youth unemployment hits 5-year high
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South Korea added 234,000 jobs in February, marking the fastest on-year growth in five months, though youth employment slumped and construction losses persisted. Youth unemployment for ages 15-29 reached 7.7 percent, the highest for any February since 2021. The total number of employed people rose 0.8 percent to 28.41 million, per Ministry of Economy and Finance data.
Apple announced partnerships with Bosch, Cirrus Logic, TDK and Qnity Electronics to produce components in the US. The deals form part of a $600 billion commitment to US manufacturing through 2030, including $400 million for this initiative. The effort aims to create jobs and expand production across 10 states over four years.
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One morning in December, Zhang Li arrived at Everwin Toys in Dongguan to find a notice on the factory gates announcing production halt due to over 40% revenue decline from shrinking toy demand and global economic changes. Like her 2,000 colleagues, she had worked there for more than 15 years since her early 20s. “Now I’m in my 40s,” she said. “Where will I find my next job?”
Ethiopia's Electric Power has achieved 80% of its electrification development targets using domestic suppliers. This effort supports the green economy and expands local investment. Anwar Abare, head of communications, shared these details with Fana Digital.
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Germany-based Siemens Energy has committed $1 billion to bolster America's power infrastructure, expanding manufacturing across multiple states. The move, announced on Tuesday, is expected to create 1,500 skilled jobs amid rising energy demands from artificial intelligence. Company leaders credit the Trump administration's policies for enabling this growth.
China's vice minister of industry and information technology, Zhang Yunming, said at a January 22 press conference that the number of AI firms exceeded 6000 in 2025, with the core industry expected to surpass 1.2 trillion yuan. The sector highlighted how advanced manufacturing and AI-driven industries provided strong momentum for growth, boosting manufacturing value added by 5.9%.
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L'Autorità doganale egiziana e l'Autorità nazionale per la regolamentazione delle telecomunicazioni (NTRA) hanno annunciato la fine dell'esenzione doganale eccezionale per i telefoni cellulari portati dai passeggeri dall'estero mercoledì. Le esenzioni per i telefoni di proprietà di egiziani residenti all'estero e turisti rimarranno per 90 giorni. La decisione attua il sistema di governance per i cellulari importati, effettivo da gennaio 2025.
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