Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip-Bu Tan presented a blueprint for a more cost-disciplined, streamlined chip maker that would issue “no more blank cheques”. The job cuts —…
China’s long-running car price war is overshadowing a deeper problem for the nation’s automotive industry: persistent overcapacity. Despite a slight uptick in recent years, more than half of production capacity lay idle in 2024. In an industry capable of making 55.5 million vehicles annually, overall capacity utilisation last year was just 49.5%, data compiled by…
A fisherman holding a fish. PHOTO/UNSPLASH By ANDREW MWANGURA [email protected] In the golden era of post-independence Kenya, a bold maritime vision emerged from the waters of the Indian Ocean. The story of vessels FV Ujuzi, FV Uchumi, and FV Ufunguo represents more than just ships—they symbolize a nation’s aspirational leap into industrial fishing and maritime…
