• Foxconn, Apple’s main iPhone assembler, has ramped up iPhone production at its factory in Zhengzhou, China ahead of the expected iPhone 12 launch next month.
  • The factory is working 24 hours per day, offering worker bonuses, and canceling holidays to focus on iPhone production, according to a report from the South China Morning Post.
  • Zhengzhou is often referred to “iPhone City” by locals because of the factory’s massive presence in the city.
  • Apple typically unveils its new iPhones in September, but the company is instead expected to reveal its latest lineup in October after facing delays because of the coronavirus pandemic. 
  • Visit Business Insider’s homepage for more stories.

Apple is reportedly ramping up production of the iPhone 12 ahead of its expected launch next month.

The factory in Zhengzhou, China, operated by Foxconn, Apple’s main iPhone assembler, is working 24 hours per day and implementing measures such as offering worker

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The MarketWatch News Department was not involved in the creation of this content.

Sep 27, 2020 (CDN Newswire via Comtex) —
The latest published report namely World Grain Oriented Electrical Steel Market Research Report 2025 added by MarketandResearch.biz offers an insightful take on the historical data of the market and predictions for 2020 to 2025 time-period. The report provides an understanding of the global Grain Oriented Electrical Steel industry competitors, the sales channel, growth potential, potentially disruptive trends, industry product innovations and the value/volume of size, market segments, and market share of the best actors/products. Current market trends and dynamics are assessed which helps in mapping the track of the global market. A chapter-wise format has been used to ease the readability and complexity of the data. Each chapter is further categorized into its respective segments containing well-structured data.

Market Competition:

The competitive landscape of the global Grain Oriented Electrical

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The MarketWatch News Department was not involved in the creation of this content.

Sep 23, 2020 (CDN Newswire via Comtex) —
The latest published report namely World Compressor Rental Market Research Report 2025 added by MarketandResearch.biz offers an insightful take on the historical data of the market and predictions for 2020 to 2025 time-period. The report provides an understanding of the global Compressor Rental industry competitors, the sales channel, growth potential, potentially disruptive trends, industry product innovations and the value/volume of size, market segments, and market share of the best actors/products. Current market trends and dynamics are assessed which helps in mapping the track of the global market. A chapter-wise format has been used to ease the readability and complexity of the data. Each chapter is further categorized into its respective segments containing well-structured data.

Market Competition:

The competitive landscape of the global Compressor Rental market is examined in detail

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(Bloomberg) —



a large air plane on a runway: Protective covers sit on the turbofan engines and landing gear of an Airbus SE A330 passenger at Chateauroux airport in Chateauroux, France, on Thursday, Aug. 27, 2020. The single-runway airport located in France’s flat, central basin has turned away airlines seeking to store more planes -- a sign the global aviation slump is deeply set despite some easing of travel restrictions.


© Bloomberg
Protective covers sit on the turbofan engines and landing gear of an Airbus SE A330 passenger at Chateauroux airport in Chateauroux, France, on Thursday, Aug. 27, 2020. The single-runway airport located in France’s flat, central basin has turned away airlines seeking to store more planes — a sign the global aviation slump is deeply set despite some easing of travel restrictions.

Airbus SE is considering reduced working time in production areas in France over the next two years to help the European planemaker limit job losses prompted by a collapse in global air travel due to Covid-19.

The move would help it preserve skills in order to restart single-aisle aircraft production at rates similar to last year between 2023 and 2025, Airbus human resources head for France, Donald Fraty, wrote in a letter sent to workers on Friday and seen by Bloomberg.



a large air plane on a runway: Protective covers sit on the turbofan engines and landing gear of an Airbus SE A330 passenger at Chateauroux airport in Chateauroux, France, on Thursday, Aug. 27, 2020. The single-runway airport located in France’s flat, central basin has turned away airlines seeking to store more planes -- a sign the global aviation slump is deeply set despite some easing of travel restrictions.


© Bloomberg
Protective covers

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Airbus (OTC: EADSY) ended last month with a whopping 7,501 commercial jet orders in its backlog. That’s close to a record high and represents more than eight years of production at 2019 production rates.



a large passenger jet flying through a cloudy blue sky: Airbus Takes a Risky Course and Holds the Line on Production


© Provided by The Motley Fool
Airbus Takes a Risky Course and Holds the Line on Production

This big order backlog hasn’t shielded Airbus from the COVID-19 aviation downturn, though. The European aerospace giant has been forced to cut production significantly this year. With air travel demand showing no signs of recovery so far, Airbus faces pressure to cut output even further. So far, it is resisting this pressure, according to a recent Reuters report. This is a risky strategy that could pay off if demand rebounds meaningfully within a year or so, but could backfire otherwise.

Airbus has reduced production

Airlines across the world are bleeding cash and have cut capacity dramatically. As a result,

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Airbus completed initial assembly of the last A380, the world’s largest passenger plane, at its production plant in Toulouse, France, on Wednesday. The company has built 242 of the double-decker airliners but the future of the final jet, serial number 272 is uncertain. Will it ever fly passengers?

That’s a question for the airline customer, Airbus says. The last A380 is one of eight that Dubai-based Emirates still has on order. Emirates is the largest operator of A380s with a fleet of 115 in service. Thanks to Covid-19, all but a handful of its current fleet of superjumbos is grounded though the airline did resume A380 service to six destinations – Moscow, Toronto, Cairo, Ghuangzhou, London and Paris –

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Oil futures fell Monday, sending U.S. prices down by more than 4%, on expectations Libyan crude will soon return to the market, while worries over a rise in European COVID-19 cases and a global equity market selloff added to the negative tone.

“Oil prices are lower on turmoil, whether it be from mother nature or politics,” said Phil Flynn, senior market analyst at The Price Futures Group.

The return of Libya oil is weighing on prices, along with fears of more COVID-19 shutdowns, while concerns over “increasing political divides after the death of Supreme Court Justice Ruth Bader Ginsburg reduces the odds that the U.S. will get much-needed coronavirus relief,” he said in a note.

“Even mother nature is creating problems for oil,” he said. Tropical Storm Beta is forecast to move toward the central coast of Texas and inland by late Monday, according to a morning update from the

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GOTHENBURG, Sweden, Sept. 21, 2020 /PRNewswire/ — Viking Analytics, a Swedish provider of advanced analytics solutions for predictive operations, and Bharat Forge Kilsta AB, one of the world’s largest forging suppliers, began collaborating in a data-driven production quality project. In the next months, Viking Analytics will prepare a detailed assessment of the data collected by sensors installed in the oven that heats steel rods used in the production of crankshafts and front axle beams for heavy duty vehicles.

In the plant located in Karlskoga, the forged steel is first heated in an induction oven, whose temperature varies according to different steel grades and products. If a disruption occurs in a later stage of the production line, the oven must be adjusted to keep the metal at a constant temperature. This process is currently performed manually, sometimes causing human-related deviations in the proper temperature level accounts.

Based on large amounts

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Laredo Petroleum (NYSE:LPI) mentioned that it was planning on restoring oil production in 2021 to full-year 2019 levels, with a development focus on its oil-heavy Howard County inventory. This would result in Q4 2021 oil production potentially ending up 40+% higher than Q4 2020 oil production. At current strip prices, it appears it will be able to achieve this without cash burn.

Laredo still has a lot of work to do beyond 2021 though. Its unsecured bonds remain trading in the 60s, pointing to the potential challenges in refinancing those, although the next unsecured bond maturity remains over four years away.

2021 Outlook

Laredo is currently planning on developing its Howard County acreage fairly heavily starting in late 2020. It expects to complete a 15-well package in Q4 2020, boosting production starting in Q1 2020. It also currently plans on another 50 to 55 completions in 2021.

This is expected

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  • The Organization of Petroleum Exporting Countries and its allies urged “full conformity” with oil production cuts at its online meeting held on Thursday. 
  • In a separate news conference, Saudi Arabia’s energy minister warned that those traders who wish to short the oil market would be hurt “like hell.”
  • Saudi’s Prince Abdulaziz said OPEC+ could hold an extraordinary meeting in October if oil demand worsens.
  • “With the formerly noncompliant countries likely reducing their production and current prices being too low to support growth in the US, oil supply is likely to stay under control,” a commodity analyst at UBS said.
  • Visit Business Insider’s homepage for more stories.

OPEC+ emphasized on sustaining “full conformity” with oil production cuts at its Thursday meeting, which was held to review compliance targets.

On the

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