World economy

Another Indian likely in Obama’s team

20 Jan 2009

China’s 2008 FDI growth up 23.58 per cent, despite last quarter decline

China’s 2008 FDI growth up 23.58 per cent, despite last quarter decline

19 Jan 2009

The global slowdown has led to a decline in foreign direct investments into China, which in recent years haas been recording the fastest economic growth.

'Green shoots' of UK recovery: fact or mirage?

By By Jagdeep Worah | 17 Jan 2009

UN forecast adds to economic gloom

UN forecast adds to economic gloom

17 Jan 2009

A new UN report says the global economy could contract by 0.4 per cent,  — the first gloal contraction since the Great Depression of the 1930s. By Jagdeep Worah

Auto parts manufacturer Johnson Controls reports $608 million quarterly loss

17 Jan 2009

Shareholders vote against executives’ bonuses at Bellway AGM

17 Jan 2009

Venezuelan President Hugo Chavez makes a turnaround, courts big oil companies

17 Jan 2009

European Central Bank cuts key rate by 50 bps to 2.00 per cent

European Central Bank cuts key rate by 50 bps to 2.00 per cent

15 Jan 2009

The European Central Bank has announced a cut its key refinancing rate for banks by 50 basis points to 2.00 per cent amidst a deepening recession

UK unveils £20 billion scheme for small firms

15 Jan 2009

Google cuts down on staff and operations

Google cuts down on staff and operations

15 Jan 2009

The current economic slowdown is hurting even behemoths like Google,which has been forced to axe a quarter of its recruitment staff.

No end in sight to recession, warns Fed

15 Jan 2009

China displaces Germany as world’s third largest economy

China displaces Germany as world’s third largest economy

14 Jan 2009

China has surpassed Germany to become the world's third largest behind the US and Japan.

Australia GDP forecast at zero growth in 2009: Dun & Bradstreet

14 Jan 2009

IT outsourcing from China growing at 20-40 per cent: report

IT outsourcing from China growing at 20-40 per cent: report

14 Jan 2009

According to a McKinsey & Co report IT outsourcing grew betwen 20 and 40 per cent in 2008 despite a 39 per cent slowdown in global offshoring

China aims to be first to recover from global financial crisis

13 Jan 2009

UK unveils £500 million job rescue plan amid losses

13 Jan 2009

China to speed up technology spending to stimulate economy

12 Jan 2009

Russia, EU reach deal on resuming gas supplies to Europe

Russia, EU reach deal on resuming gas supplies to Europe

10 Jan 2009

Russia and the EU have reached an agreement on monitoring gas supplies through Ukraine, setting stage for resumption of supplies to Europe.

Boeing sheds 4,500 jobs at Commercial Airplanes division

10 Jan 2009

Beleaguered British retailer Woolworths finally finds a buyer

10 Jan 2009

Bush’s $700-billion bailout criticised by Congressional panel

Bush’s $700-billion bailout criticised by Congressional panel

10 Jan 2009

The spending by the US government’s Troubled Asset Relief Program (TARP) faces trenchant criticism from a Congressional oversight panel

Illinois lawmakers vote overwhelmingly to impeach tainted governor

Illinois lawmakers vote overwhelmingly to impeach tainted governor

10 Jan 2009

Lawmakers from the US state of Illinois yesterday voted 114-1 to impeach disgraced governor Rod Blagojevich on corruption charges.

Sports entertainer WWE to cut 10 per cent of its workforce

10 Jan 2009

Oilfield services companies Schlumberger and Halliburton lay off thousands

10 Jan 2009

Massive layoffs rumoured at IBM

Massive layoffs rumoured at IBM

10 Jan 2009

IBM is reported to have informed the Securities Exchange Commission that it's workforce by 16,000 - the largest in its century-plus history

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