World economy
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
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.
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
10 Jan 2009
Lawmakers from the US state of Illinois yesterday voted 114-1 to impeach disgraced governor Rod Blagojevich on corruption charges.
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
Data storage giant EMC to slash 2,400 jobs even as fourth-quarter results meet expectations
08 Jan 2009
What will make a perfect 2009?
07 Jan 2009
Six atypical yet interesting wishes that could change the world in 2009. By Shivshankar Verma
Grim data from Europe sends ripples worldwide; Toyota announces production cuts on falling demand
06 Jan 2009
Obama seen favouring $775 billion stimulus plan: Reports
06 Jan 2009
President-elect Barack Obama is in favour of an economic stimulus package in the range of around $775 billion.
WPP plans to lay off staff at global agencies
06 Jan 2009
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