World economy
Intel announces $7 billion investment in new chipmaking factories
11 Feb 2009
After announcing plans to to shut five plants to save money, Intel now plans to build new manufacturing plants at an investment of $7 billion over two years.
Senate follows House in approving President Obama’s $800 billion-plus stimulus plan
11 Feb 2009
The US Senate has approved an $838 billion economic stimulus — the most expansive anti-recession effort by the United States government since World War II.
General Motors to cut 10,000 jobs, reduce salaries as part of turnaround plan
10 Feb 2009
Facing imminent bankruptcy, General Motors will cut 10,000 salaried jobs globally and reduce pay by 10 per cent for US white-collar workers.
Obama steps up campaign for rescue bill
09 Feb 2009
President Barak Obama is back at the campaign trail once again later in the day today, this time to whip up support for his $800-billion stimulus package.
Recession pulls rug under China’s exports
07 Feb 2009
Recession in the US, Europe and Japan slowed China's export growth in 2008, though its trade surplus grew by 12.5 per cent to $295.47 billion
US Senate votes for curbs on H-1B hiring
07 Feb 2009
Murdoch’s News Corp reports biggest quarterly loss of $6.41 billion
07 Feb 2009
Rupert Murdoch's News Corp has posted its biggest ever quarterly net loss, after taking an $8.4 billion write-down for the value of its Dow Jones acquisition, broadcasting licenses and other assets
Successful Senate vote in sight on $827-billion stimulus
07 Feb 2009
The US Senate has agreed on substantially lower government spending and is set to vote on a comprise of $827-billion stimulus package
Did the BRICs ever have anything in common?
07 Feb 2009
The worsening global economic crisis raises the question whether the four BRIC countries ever shared much in common, other than scale and high portfolio inflows, say S&P analysts Frank Gill, KimEng Tan, Lisa M Schineller, Joydeep Mukherji.
China may go to WTO on toy import ban by India
04 Feb 2009
Stimulus bill: Obama calls for quick action as lawmakers seek changes
03 Feb 2009
With both Democrats and Republicans seeking changes to President Obama’s economic-stimulus package the debate has been joined in right earnest by both sides.
Australia unveils $26.5-billion new economic stimulus
03 Feb 2009
The package will send the Australian federal budget into the red for the first time in nearly a decade
China demands loyalty from the military as 20 million lose their jobs
02 Feb 2009
The Chinese government has warned that 2009 will be the toughest year in the century for China and has orderd all military forces to "uncompromisingly obey the Party and Central Military Commission's command at any time and under any circumstances."
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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