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U.S.' PMI rises in Feb., Apple opens all stores in the U.S., Volvo plans to go fully electric by 2030 Updated: 2021-03-03 13:51:11 KST

February's Manufacturing Purchasing Managers Index rose to 60.8, two .one points higher than in January.
The figure has been on the increase since May last year except for a slight drop in January.
The Institute for Supply Management's manufacturing index went down in January, to 58.7 from 60.5 in December, but remained in growth mode.
A level above 50 indicates an increase in manufacturing activity, while a level below 50 signals a contraction.
Every Apple store in the U.S. is now open for business, as the company reopened the last of its closed locations in Texas.
This is the first time that all stores are open in the country since March last year, when Apple announced it was closing its retail stores outside China in response to the coronavirus pandemic.
Apple's reopening is said to be a signal that the U.S. is beginning to emerge from lockdowns.
By 2030, customers will only be able to buy electric cars from Volvo.
The carmaker announced its plan to stop selling fossil fuel cars on Tuesday, and invest heavily in online sales.
The decision is aimed at realizing continued profitable growth.
"I believe that the electric segment will be the new premium segment so that will be the growing segment and I think we're wise if we concentrate on a growing, profitable premium segment and that's where we're now entering into."
The company also said that the transition to selling only electric cars will allow it to be part of the solution when it comes to fighting climate change.
SEO Eunkyung, Arirang News.


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