Video Results: "recession" |
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News results: "recession" |
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Pay-what-you-want tourism
At at time when people are being careful with their cash, free city tours should appeal to all...
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Tokyo dining shines despite economy
Japan may be in recession, but for those with the cash, Tokyo remains the world's best dining...
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Art you can still afford, maybe
Even as recession bites, consumers should still be able to buy original art at affordable prices,...
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UK's Brown up, despite recession
Prime Minister Gordon Brown popularity has soared, according to the latest poll, narrowing the...
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Betting on better times
Casualties of the economic slowdown in South Korea are turning to gambling on the longshort of...
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Indian models dare to bare
Models turn on the heat at a lingerie show in Mumbai, showcasing latest designs for the upcoming...
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Fun and fears at the Toy Fair
Over 200 exhibitors are showcasing new toys at the 56th annual London Toy Fair but recession...
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And Finally...Justice on Wheels
A mobile courtroom, recession-friendly drinks, and tough guys try to out-tough each...
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China urges U.S. to act
China urged the U.S. Thursday to spare no effort to stabilise its economy and financial markets...
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Labor market worsens
Recession worries gained further momentum on Wednesday after a private report showed U.S....
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Bulls rule despite economic gloom
Wall Street finished higher in another choppy session as investors overlooked recession jitters...
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UK economy going down the tubes
Jul 21 - A sombre report from Ernst & Young predicts that Britain will struggle to avoid a...
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Consumer worries rise
Jul. 22 - Disappointing results or outlooks from key consumer-related companies like American...
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Shoppers keep recession at bay
Jul. 31 - The U.S. economy grew in the second quarter thanks to economic stimulus checks given to...
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Economic jitters weigh on Asia
Growing economic pessimism weighed on Asian investor confidence Friday, but market players looked...
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UK inflation woes
UK consumers face rising inflation that analysts warn is increasingly likely to put upward...
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Dollar regaining a foothold?
The U.S. dollar is in the midst of a rebound as some global investors bet the American economy...
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Japan economy shrinks
Japan's economy contracted, reinforcing views the world No. 2 may have slipped into recession...
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Europe's "motor" slows down
The German economy contracts in the second quarter of 2008, but by a less-than-expected 0.5...
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Eurozone recession fears
Fears of eurozone recession grow as GDP contracts in the two largest European economies, France...
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Japan tries to fend off recession
Japan is trying to fend off recession with inflation at a decade high and a package of stimulus...
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Recession on the runway
New York Fashion Week opens with designers interpreting the troubled economy in different...
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New Home Sales Fall, Unemployment Rises
A trifecta of bad news about the economy raised new worries about a
possible recession and...
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Markets fall on U.S. recession fears
European markets reverse earlier gains after data from the U.S. stoked fears that the world's...
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Record drop for UK house prices
Investors speculate the figures increase the chance of an interest rate cut by the Bank of...
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Dow touches 5-year low
Worries the government's $700 bank bailout will not be enough to prevent a recession in the U.S....
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Dow slumps below 10,000
U.S. blue chips closed below 10,000 for the first time since October 2004 as growing worries of a...
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IMF: "the cusp of global recession"
IMF Managing Director Dominique Strauss-Kahn said the global economy is on the brink, but if...
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S&P 500 limps from worst week ever
Investors ended the worst week in Wall Street history with extremely volatile trading as some...
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Bush: G7 needs coordination
U.S. President Bush said the world's major economies will stand together and do what it takes to...
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Asia greets G7 weekend pledges
Asian markets started higher on Monday after officials pledged to help repair the world's broken...
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Retail data hikes
Retail sales figures for September came in much worse than expected exacerbating worries of a...
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Dow plunges below 8,600
A bleak September retail sales report ignited recession fears and sent stocks sharply lower...
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Overseas Markets Slide
European
and Asian stock markets mostly fell back Wednesday after a two-day
rally amid...
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Restructuring global finance
European leaders meeting in Brussels called for immediate action to counter the financial crisis...
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Late-day surge lifts stocks
The Dow swings wildly but bounces back, ending up 400 points, thanks to bargain hunters.
The...
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Stocks mixed, market fears remain
Regional market gains were muted by investor concerns over a slowing global economy.
Asia...
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Shoppers add to recession fears
Recession concerns were heightened Friday after separate reports showed consumer attitudes in a...
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Germany moves to approve bailout
Germany's Bundestag lower house of parliament approves a 500 billion euro bank rescue package with...
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Dow's best week since '04
Blue chips surged 4.75 percent in its strongest weekly gain in 4-1/2 years, but floundered on...
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Video games dodge tough economy
Despite a looming recession, the video game industry continues to grow and retain loyal...
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Wall St. slumps 6 percent
Investor sentiment soured further on Wednesday as weak corporate results reinforced growing...
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UK company insolvency to rise
With financial markets faltering and fears of a global economic recession intensifying, the...
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European stocks fall on econ fears
European shares fall as the spectre of a global downturn hit industrials, banks and...
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Consumers lead U.S. economic retreat
The biggest quarterly fall in consumer activity in 28 years pushed the U.S. economy closer to an...
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London opens huge shopping centre
When the economic going gets tough, the tough open a new shopping centre.
The largest...
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Germany to spend and fight recession
Germany and Japan say they may spend billions of dollars to bolster the economy in a bid to stave...
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Wall St. ignores shrinking economy
Stocks jumped on Thursday despite signs the U.S. economy was one step closer to an official...
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Election '08: What business wants
Fear of a recession is growing among U.S. businesses on the eve of the 2008 presidential...
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Grim economic outlook for Europe
The European Commission says that although a banking meltdown may have been averted, recession...
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Gloom offsets UK rate slash
Wall Street followed European stocks sharply lower early Thursday as investors fear rate cuts may...
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Asia shares hit, oil dips
Asian shares mostly declined as global recession fears and Wall Street's worst two-day tumble...
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Global data adds to anxiety
A slew of negative readings from China, Japan and Britain compounded global recession...
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Asia stocks slide, yen jumps
Asian stock markets tumbled early Thursday, hit by renewed financial crisis jitters and signs the...
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Biggest retail sales drop on record
October saw the largest one-month fall in U.S. retail sales, government figures showed, as job...
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Recession fears spark new gold rush
Many investors appear to be pinning some of their hopes on gold and other precious metals to...
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Recession hangs over G20 summit
As Europe is plunged into recession, world leaders assemble in Washington to discuss a new...
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Japan's recession
Japan's first recession in seven years combined with Europe's downturn, painting a grim picture...
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Citi, Japan fan recession fears
Citigroup's plan to slash 52,000 workers and Japan's slip into an official recession stoked fears...
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Dark days in Scandinavia
The Nordic region, known for its buoyant labour market, is now feeling the effects of the global...
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Stocks knocked back to 1997
Wall Street was punished as a spike in unemployment claims and continued uncertainty about the...
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Asia rallies on bargain-hunting
Asian shares shook off a host of economic and company woes, rallying on mild bargain-hunting and...
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Big Asia deals stall
Two major takeover deals in the Asian region broke down, rattling the shares of targets Rio Tinto...
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Euro spending spree plan
The European Commission unveils a 260 billion dollar scheme to revive the bloc's struggling...
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Japan output nosedives
Japan's economic picture turned gloomier Friday, with industrial output tumbling and the risks of...
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Asia eyes cenbank moves
Asian shares found support Monday on hopes about central bank action to stem rapidly slowly...
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Christmas cheer for shoppers?
German shoppers aren't letting recession scare them away from stores in the run-up to Christmas,...
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Recession hits U.S. shores
An official declaration of an American economic recession sent Wall Street stocks on a 9 percent...
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U.S. officially in a recession
The National Bureau of Economic Research officially declares the U.S. economy is in a...
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Stocks Drop Nearly 700 on Recession Confirmation
The reality that the nation is indeed in recession and that the
downturn may well be prolonged...
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Asian share tumble
Asian shares tumbled Tuesday following Wall Street as fears over a long lasting global recession...
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No Christmas joy in service industry
The euro zone's services economy fell deeper into recession in November adding pressure for a deep...
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UK, ECB make record rate cuts
The European Central Bank pares rates by a record 75 basis points, while Britain's Bank of...
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Japan deeper in recession
Japan's export-driven economy is deeper in recession than initially thought, reinforcing...
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World Bank: 2009 will be grim
The world economy is expected to have a tough year in 2009 with the major World economies in...
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European car sales tumble
Carmakers cut output as Europe sales fall 26 percent.
Volkeswagen's Spanish auto maker Seat...
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Japan eyes new bad loan plan
Japan's government and central bank are eyeing a $110 billion bad loan buying-scheme, the Sankei...
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Germany ponders tax cuts
German Chancellor Angela Merkel plans to include tax relief in a second stimulus plan designed to...
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Japan's tent city
Hundreds of homeless people spent the New Year living in a Tokyo park to demand jobs as rising...
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Japan spending slides
The slowdown in the world's No.2 economy has been staggering and nowhere more so than at its...
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Germany unveils second stimulus plan
Germany presents a new 50 billion euro stimulus package, designed to help the economy through the...
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Starbucks see no China slowdown
Coffee giant Starbucks is closing stores in markets racked by recession, but says there's no sign...
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Business Update: Retail chill
U.S. total December retail sales were in a deep freeze, according to government statistics, which...
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ECB cuts rates to two percent
The European Central Bank cuts interest rates for the fourth month running, lowering them by...
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Obama warns economy could get worse
Obama says economy likely to get worse before it improves, even with a range of economic measures...
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Business Update: Stocks, 2 month low
Wall Street joined a global sell-off after results from a major U.S. financial company added to...
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Business Update: Stimulus progress
House leaders are prepared to take up the $825 billion economic stimulus plan next week as...
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Davos 2009: Putin and Wen warn
The Russian and Chinese prime ministers called for cooperation not isolation during the global...
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Business Update: Economic angst
Wall Street had it worst day in over a week as record continuing unemployment claims and more...
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Business Update: factory drop eases
The pace of contraction in euro zone manufacturing activity shows signs of easing, but still...
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Business Update: Barbie's blues
Profits were sharply lower at toy company Mattel, maker of Barbie dolls, as recession-battered...
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CEOs feel "entitled"
CEOs are reluctant to give up bonuses and other perks despite the recession because they feel...
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Business Update: UPS jobs stay
United Parcel Service, the No. 2 package delivery service behind FedEx, did not announce massive...
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Japan's brave face
Japan's $13-billion cosmetics industry is feeling the pinch of the global economic slowdown,...
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UK economy faces deep recession
The latest forecast from the Bank of England is for an economic contraction of 4-percent over the...
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Obama's stimulus gamble
Should the economic recovery plan work, the goal of saving or creating 4 million jobs will have...
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G7 to fight recession
The G7 industrial powers said they will tackle the recession doing all that they can without...
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G7 crisis talks
The G7 group of industrialised nations ends a meeting in Rome with a pledge to combat recession...
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Business Update: Europe crisis
Ratings agency Moody's warns recession is hitting emerging Europe harder than other regions as...
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Business Update: U.S. joins sell-off
U.S. stocks fell 4 percent in early Tuesday trade amid fear efforts to ease the global economic...
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Business Update: Grim Fed
The Federal Reserve sharply reversed its economic expectations for the year, while raising...
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Business Update: Japan recession
Japan's factory output fell by a record 10 percent, while joblessness rose in the world's No.2...
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Champagne feels the pinch
Champagne is losing its fizz in Britain, with the recession dampening demand for a drink associated...
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UK entrepreneur bowls over America
Natalie Ellis defied the odds to make more than a million dollars in the U.S. with her non-spill...
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UK entrepreneur bowls over U.S.
Natalie Ellis defied the odds to make more than a million dollars in the U.S. with her non-spill...
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The Fed's big fix
The Federal Reserve is using every weapon in its arsenal to battle the recession.
The markets...
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Video Gaming Industry, Nintendo Feel the Recession
The economic recession affects everyone and the video gaming industry makes no exception. According...
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Nintendo President: No Price Cuts for Wii, DSi
Japanese video games developer Nintendo doesn’t have any plans of cutting prices on its Wii...
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Microsoft Game Studios Are Keeping up with the Recession
According to Gamasutra and VentureBeat, as part of its move to cut 5,000 jobs over the next 18...
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Gaming Industry Sales Hit Record High At The End Of 2008
In times of recession, we hardly ever think we could hear the word ‘record’ and...
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Morgan Pachter’s Take on the PS3’s Present and Future
The November NPD Group report showing the increased gap between PlayStation 3 and Xbox 360 sales...
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Is the PS3 Going Titanic on Us?
Sony and its PS3 haven’t been doing so well lately, or at least as well as Nintendo’s Wii or...
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Xbox Outsells PS3, But Nintendo Wii Is The Absolute Winner
It may be recession time for some companies, but not for Nintendo, as the console maker proved in...
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Gaming Industry Defies Recession, Nintendo Wii Leads the Way
One of the very few sectors that is still avoiding the recession which struck the country’s economy...
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Video Game Sales Are Defying The Recession Trend
According to new data from NPD Group, a retail sales tracking firm, the video game market continued...
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Wii Sell! – Nintendo Sells Whopping 2 Million Consoles in November
The Nintendo Wii seems unfazed by the
economic recession, as the console is dominating the...
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Video games make killing even in bleak season
San Francisco - The economy is in the doldrums, and shoppers everywhere are cutting back on...
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Video Game Industry Seems To Ignore Economic Downfall
It seems that in rough times, people spend money on entertainment, and that as entertainment goes,...
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U.S.
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US retail sales dip slightly; home foreclosure filings ease up
Washington - US retail sales dropped in April for the second straight month, the Commerce...
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US banks turn to investors for cash after stress test findings
Washington - Major US banks turned to private investors Friday in the hopes of finding 75 billion...
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US jobless rate reaches 8.9 per cent, less than expected
Washington - The US unemployment rate climbed to 8.9 per cent in April, its highest level since...
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Obama marks 100 days by touting steps on economy
Washington - US President Barack Obama marked 100 days in office by citing the progress his...
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US stocks recover as Geithner says many banks have enough funds
Washington - US markets rallied Tuesday led by financial shares, after Treasury Secretary Timothy...
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Tax Day in the US: Tea Party protests and last-minute filings
Washington - As US workers rushed to meet an annual deadline to file their tax returns,...
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Obama sounds upbeat on economy, but warns "hard times" still ahead
Washington - President Barack Obama on Tuesday said the government's efforts to pull the US economy...
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Back in US, Obama turns to domestic issues
Washington - US President Barack Obama put the spotlight back on his domestic agenda Thursday after...
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US lost 663,000 jobs in March, unemployment 8.5 per cent
Washington - The United States shed 663,000 jobs in March, lifting the unemployment rate to 8.5 per...
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US President Obama set to make debut on world political stage
London - US President Barack Obama marks his debut on the world stage Wednesday, in a series of...
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US Congress releases first draft of climate bill
Washington - US legislators on Tuesday unveiled far-reaching climate legislation that would boost...
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Six killed in Silicon Valley shooting
San Francisco - Six people, including three children, were killed in a family shooting at an...
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US ultimatum for carmakers: restructure or face bankruptcy
Washington - The struggling US car industry will be given one last chance to restructure...
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US economy down 6.3 per cent at end of 2008: revised data
The US economy shrank by 6.3 per cent in the final quarter of 2008, reflecting a drop in...
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Obama tackles US tax code, 300 billion dollars in savings
Washington - US President Barack Obama will name a task force to overhaul the country's 96-year-old...
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Obama defends spending as key to future economic growth
Washington - US President Barack Obama defended the spending outlined in his budget Tuesday,...
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Carnival cruises reports first-quarter profits despite recession
Carnival Corp, the world's largest cruise-line operator, Tuesday reported first-quarter...
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Obama launches media blitz ahead of G20, at home and abroad
Washington - US President Barack Obama took his economic prescriptions to a global and domestic...
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US Treasury Secretary Geithner to unveil details of finance rescue
Washington - US Treasury Secretary Tim Geithner plans to unveil later Monday details of a...
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Obama backs Geithner, rules out resignation
Washington - US President Barack Obama backed his embattled Treasury Secretary Timothy Geithner and...
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Obamas promote "homegrown" with White House veggie garden
Washington - With an eye to the nation's expanding waistlines and dwindling incomes, Michelle...
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Obama keeps promise on California visit
Los Angeles - US President Barack Obama visited the Southern California town of...
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Obama launches initiative for hybrid-electric cars
Washington - US President Barack Obama announced a 2.4- billion-dollar plan Thursday to promote...
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Obama defends ambitious budget as in-step with economic challenges
Washington - US President Barack Obama on Tuesday defended his ambitious budget proposals,...
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Obama unveils measures for small businesses at "heart" of economy
Washington - US President Barack Obama laid out a new effort Monday to help small businesses...
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Seattle Post Intelligencer stops the presses
San Francisco - The Seattle Post-Intelligencer newspaper will print its last edition on...
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Bernanke: US recession could end this year
Washington - US Federal Reserve chairman Ben Bernanke said in a television interview aired Sunday...
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TV entertainment holds mirror to US during recession
Los Angeles - US viewers turning to their televisions for comfort and distraction from economic...
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US trade nominee Kirk: No "deal fever" in Obama administration
Washington - Ron Kirk, President Barack Obama's nominee for US trade representative, pledged...
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Public transportation in US at highest level in 52 years
Washington - More people in the United States are using public transportation than at any time in...
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Specials
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Gamblers cheer as Australia's economy crashes
Sydney - Gamblers who tipped that the government was wrong and that Australia...
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Fox blasted for turning layoffs into entertainment
Los Angeles - A new reality TV show by US network Fox will ask workers at small businesses to vote...
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Hard times make hairy men more attractive to women
Sydney - The recession has made beefy blokes like Hugh Jackman and Daniel...
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Pets in United States becoming victims of economic crisis
Washington - The US economic crisis is affecting not only Americans, but is having an increasingly...
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IMF: Global economy to shrink in 2009
Washington - The global economy could shrink as much as 1 per cent this year, the International...
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Barbie turns 50, looking better than many 20-year-olds
Even after living for five decades as an international jet-setter, Barbie still looks like a...
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Preparing for the Easter Lent
On Ash Wednesday, the first day of the Easter Lent, people are beginning to prepare for the holy...
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Yves Saint Laurent Artworks Collection Smashes Records
An auction comprised of artworks and treasures amassed by the late designer Yves Saint...
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Mardi Gras Festivities Are Recession Proof
Tourism officials from New Orleans have announced that they did not believe that the global...
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Microsoft Kicks Off Job Training Program
Sunday, Microsoft Corporation announced that it had developed a website called Elevate...
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Hugh Jackman Sings His Way into the Oscars
This year’s 81st Academy Awards ceremony saw a new host on its extravagant stage, as well...
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Oscar Ads Cost Less
The Oscar ceremony this year is expected to lose some of its usual sparkle.
As part of a...
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Fashion Week Tries to Combat the Effects of Recession
As the semi-annual New York Fashion Week is only one step away and recession is ruthless with the...
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Obama Has a ‘Bush Scene,’ Bumps Head on Helicopter
Forget the economy and the stimulus plan, the two wars our nation is waging in Iraq an Afghanistan,...
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China Celebrates the Year of the Ox
On Sunday afternoon, China welcomes the Year of the Ox at its annual Chinese New Year celebration....
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Celebration for the Chinese New Year
The end of January is the end of the first month of the year for us, but for those...
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Less Profit For Intel
It is the turn of big companies to feel the effects of the world economic crisis, and after Nortel...
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Boost Mobile To Offer $50 Unlimited Voice/Data Plan On Jan. 22
Sprint Nextel’s Boost Mobile unit has announced the availability on January 22 of an...
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Screen Actors Guild Close to Ousting Chief Negotiator Doug Allen
The national board of the Screen Actors Guild seems to be determined to go ahead pressing on with...
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CES Is Filled with New Technologies, But Will the Customers Afford It?
Even though all big manufacturers have displayed new products and revolutionizing technologies at...
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Everybody Is Expecting Obama’s Health Care Reform
It’s not a secret to anyone that healthcare in the U.S. is currently flawed. Healthcare...
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ANALYSIS: Bad tidings for news industry as Tribune goes bankrupt
Los Angeles - "Black Monday." That's how the trade magazine Editor & Publisher chose...
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Japan's Economic Stimulus May Miss Those Most In Need
Tokyo - As the Japanese government hopes to encourage consumption by cash handouts as part of its...
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Wine lovers defy recession to pay up to 40,000 dollars a bottle
Hong Kong - Wine lovers from across Asia showed their love for a fine vintage is recession-proof...
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Holiday Outlook Grim For Everyone except Apple and Dell
The two computer retailers were the only ones that did
decently in what is otherwise the weakest...
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German Technology Exhibition Held in Bangkok despite Global Crisis
Bangkok - The ninth triennial German Technology Symposium & Exhibition will be held in Bangkok...
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US voters to decide best leader in crisis: McCain or Obama
Washington (dpa) - The presidential battle between Democrat Barack Obama and Republican John McCain...
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Next Week Apple Puts The Spotlight On Notebooks
Next week, Apple is turning its attention to their notebook
line, which has been wanting for a...
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Music
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Report: Recession hits property-rich British pop stars
London - British pop stars and music producers are feeling the pinch - relatively speaking - from...
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Variable Pricing of iTunes, Amazon Benefit the Record Labels
Apple’s new pricing policy for its iTunes Music Store enabled the major record labels to...
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iTunes Prices Up 30%, Amazon, Wal-Mart Follow Apple
Apple on Tuesday introduced the new variable pricing for music bought through iTunes. The prices...
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Ticketmaster And Live Nation Become One
Ticketmaster Entertainment Inc. and Live Nation Inc. are said to merge as soon as this week,...
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Metallica’s “Death Magnetic” Still Reigns Charts
Metallica’s new album “Death Magnetic” continues to thrive. The latest release from the legendary...
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Metallica Conquers Album Chart
Once Metallica gets to No. 1, it’s difficult to make the
hard rock band slip from the top...
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Half a Decade Can’t Hold Metallica Down! “Death Magnetic” Is No. 1
It’s their first album in five years, but fans still love
them and the fact that “Death Magnetic”...
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Metallica’s Death Magnetic Draws Fans Like A Magnet
“Death Magnetic,” the recently launched Metallica album
broke a solid record last week, when it...
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Jeezy’s “The Recession” is Number One on Billboard Album Chart
Young Jeezy’s album “The Recession” hit the first position
on this week’s Billboard album chart,...
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Young Jeezy Topples New Kids Off Billboard No. 1 Spot
Young Jeezy’s “The Recession” did anything but recede upon
being released; in fact, it outsold New...
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World
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Mexico to inject over 2 billion dollars to combat effect of flu
Mexico City - Mexico launched Tuesday a plan to provide more than 1 billion dollars to help...
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Mexico eateries close as industry feels flu pinch
Mexico City - Mexico's entertainment industry, one of the few sectors that continued to defy the...
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Clinton seeks "meaningful" steps against climate change
Washington - US Secretary of State Hillary Rodham Clinton called for the...
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New Zealand deficit spiralling out of control, minister warns
Wellington - New Zealand's budget deficit is spiralling out of control as the...
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Economic slump a real headache for migraine sufferers in Hong Kong
Hong Kong (dpa) - The economic slowdown has brought pain to Hong Kong in more ways than one with...
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Japan's royal couple celebrates 50th wedding anniversary
Tokyo - Japanese Emperor Akihito tearfully thanked his wife, Empress Michiko, for...
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Prince Charles and Camilla to visit Berlin on German trip
London - Britain's Prince Charles and his wife Camilla, Duchess of Cornwall, will pay a visit...
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Feelgood US President steals the show
London - US President Barack Obama swept onto the world stage at this week's summit of the world's...
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Brown comes out smiling from "crunch summit"
London- Under the unwritten rules of summit politics, everyone is a winner and failure is not an...
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Merkel, Sarkozy throw down the gauntlet on market reform
London - German Chancellor Angela Merkel and French President Nicolas Sarkozy threw down the...
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Obama meets Brown amid signs of G20 tension
London - US President Barack Obama rejected Wednesday talk of deep divisions between the world's...
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Brown predicts "tough negotiations" at G20 summit
London - British Prime Minister Gordon Brown urged world leaders Monday to "rise to the...
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EU deadlocked over 5-billion-euro stimulus plan
Brussels - The Czech presidency of the European Union on Monday urged the bloc's member states to...
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Presidential challenger criticizes Ahmadinejad's economic programmes
Tehran - Iranian presidential candidate and former prime minister Mir-Hossein Moussavi on Saturday...
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Lula and Obama to tackle finance crisis, child issue
Rio de Janeiro - The first meeting between US President Barack Obama and Brazilian President...
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Hungary tells its citizens not to look for work in Britain
Budapest - The Hungarian foreign ministry issued a "Warning to those who want to work in Great...
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Obama: US seeks aggressive action from G20 members
Washington - The United States will push for aggressive action to halt the global economic slide at...
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Germany Engulfed By Gloomy Economic Winter
Berlin - Germany is caught in the midst of a gloomy economic winter with the government attempting...
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German Unemployment Jumps As Economic Downturn Gains Ground
Berlin - German unemployment rose for the first time in nearly three years in December, data...
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Car Industry Running On Empty At Detroit Auto Show
Washington - Detroit's annual auto show is usually a glitzy affair and time of celebration for the...
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Japan's Stock Market Ends Worst Year In Trading History
Tokyo - For Tokyo's traders, it was the worst year on record for Asia's leading stock market -...
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Buddenbrooks Film Touches A Nerve In Recession-hit Germany
Hamburg - Rarely has the adaptation of an historical work of fiction touched the nerve of the times...
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A Busy Year For The EU's Hexagonal Meeting Room
Brussels - Asked over the summer what the European Union should do about Russia's invasion of...
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Christmas Looks Grim For Jobless Migrants In Spain
Madrid - For Maria G., a 40-year-old Ecuadorian immigrant in Madrid, it is a grim Christmas ahead....
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Baltics Look On The Bright Side Of Life For 2009
Riga/Tallinn/Vilnius - Economists are predicting doom and gloom for the Baltic states throughout...
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Mexicans Celebrate Nuestra Señora de Guadalupe
The pilgrims’ journey took them for miles, some for days on
end as they carried framed icons of...
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Ailing US Carmakers Issue Recovery Plans As Sales Tumble
Washington - The struggling Big Three US carmakers on Tuesday submitted the recovery plans demanded...
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US In Year-Long Recession, Top Economic Arbiter Declares
Washington - The United States has been in a recession since December 2007, the country's official...
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Italy's Officials Approved 2.4 Billion Euros In Tax Cuts
Rome - Italian Prime Minister Silvio Berlusconi's cabinet approved earlier today some tax cuts...
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Record European Inflation Fall Paves The Way For Rate Cuts
Berlin - Inflation in the 15-member eurozone fell sharply in November and unemployment edged...
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Technology
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Sun posts 201-million-dollar loss
San Francisco - Sun Microsystems posted a sharp drop in revenue alongside widening losses...
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Did Apple Just Lay Off 1,600 Retail Employees?
The tough economic times are felt everywhere and Apple Inc makes no exception, despite the fact...
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HP Dethrones Dell in U.S. PC Market
Hewllet-Packard became the top PC seller in the United States in the first quarter of this fiscal...
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IBM lowers Sun bid
San Francisco - Business technology giant IBM has lowered its bid for server and software company...
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Google announces 200 layoffs
San Francisco - Internet giant Google said Thursday that it planned to cut 200 jobs in sales and...
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Cisco to Acquire Flip Video for $590 Million
Just a day after IBM started negotiation the acquisition of Sun Microsystems, another big player in...
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New iPhone Features Keep Apple on Top of Things
As rumored and confirmed a few days ago, the new software unveiled by Apple on March 17 included...
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National Semiconductor to sack quarter of workforce
San Francisco - National Semiconductor Corp, one of the world's largest manufacturers of...
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RIM to Launch App World for BlackBerry
Reasearch In Motion, the producer of the BlackBerry samrtphone line, announced its will soon open...
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Apple’s New Line of Computers Not Earth-Shaking
Yesterday Apple updated its entire fleet of desktop computers: new iMacs, new Mac Pros and new Mac...
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Merkel and Schwarzenegger open CeBIT trade fair
Hanover, Germany - Chancellor Angela Merkel of Germany and California Governor Arnold...
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Microsoft’s W7 and WM7 Release Dates Narrowing Down
The precise date when Windows 7 and Windows Mobile 7 will be launched is unknown yet, but the...
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CeBIT, Expo of cutting-edge computers and software
Hanover, Germany - The annual CeBIT expo in Hanover, Germany, showing off the newest...
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Are Apple's Sales Going Down For Good?
According to a Tuesday announcement made by analyst firm NPD Group, Apple computer sales in US...
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US E-Commerce Likely To Grow Again In 2010
A research group has just concluded that e-commerce in the US will most likely climb back to last...
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The Notebook, As the Trend in the Economic Depression Computing Era
Several years ago, the computer industry was expanding at such an impressive rate, as the PC you...
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25 Years Of Apple - Who Would Have Thought?
Apple is an American multinational corporation which designs and manufactures consumer electronics...
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Microsoft Shuts Down Flight Simulator Studios
Microsoft has recently announced 5,000 layoffs, but some reports indicate that the giant software...
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Apple Macintosh Turns 25
The Apple Macintosh has turned 25 Saturday, on January the 24th. The company started in a Northern...
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Microsoft Confirms The End of Flight Simulator
Amid the economic recession concerns and serious job cuts, Microsoft is also planning on shutting...
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Apple Announces Excellent Sales For The First Quarter
Apple has just released a report that shows a better-than-expected profit and record revenue and...
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Gaming Industry Sales Hit Record High At The End of ‘08
In times of recession, we hardly ever think we could hear the word ‘record’ and...
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Tech Shows Cut Back On The Glamour This Year
The recession has left its mark on the electronics shows at the beginning of this year, as...
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Confusion Over Obama’s Request To Delay Digital TV Transition
President-elect Barack Obama’s transition team has asked for a delay regarding the...
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Ford Introduces Enhanced SYNC 3.0 Car System
Automakers may not have the best perspectives at the moment, considering the economic...
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CES 2009 High Tech Starts
Consumer Electronics Show, the most important event of the year in the technology industry, will...
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CES To Open, But Nothing Spectacular Announced
This year's Consumer Electronics Show (CES), the biggest tech industry event of 2009, will...
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Sony Close to Breaking Even on its PlayStation 3
As with Sony’s recent hardware revision of the PlayStation 3, manufacturing costs were...
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More States Cut to Low-Income Health Care Programs
More and more states are making hopeful attempts to salvage their budgets. The latest news...
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Video Service Available for Wii
Nintendo plans to offer a video service for its gaming console after teaming up with Dentsu, the...
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Business
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Federal Reserve chief Bernanke to testify as stress tests near
Washington - With the US central bank expected to release the results of long-awaited bank stress...
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Boston Globe closure on hold as unions give way
San Francisco - The Boston Globe pulled back from the brink of closure Monday as its owner The New...
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US stocks mixed after Chrysler bankruptcy
New York - Two US stock indices retreated but a third was up after the White House announced...
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Chrysler to declare bankruptcy as last-minute talks fail
Washington - The long ailing US carmaker Chrysler LLC was to enter bankruptcy protection Thursday...
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US consumer confidence jumps in April
Washington - Consumer confidence in the United States surged in April as governments have begun...
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Nokia to Cut 450 Jobs, Develop New Services
Nokia, the world's largest mobile phone maker, said it plans to cut 450 jobs in an attempt to cut...
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Bauknecht's Whirlpool barely spins past red zone
New York - Whirlpool, the world's largest maker of household appliances, barely stayed in the black...
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Microsoft’s Quarterly Financial Report Not Good
Microsoft’s quarterly financial report doesn’t look that good. Actually, the software...
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Amazon.com shrugs off recession, boosts earnings, sales
San Francisco - Amazon.com posted an 18-per-cent boost in sales and a 24 per cent rise in...
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GM closing plants for summer; Chrysler bankruptcy nears
Washington - Under government pressure to prove its viability by June 1 and bracing for a...
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Wall Street gains on company results that beat estimates
Washington - US stocks gained Thursday after energy, technology and tourism firms posted...
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Apple Posts Strong Financial Results, Beats Expectations
Apple Inc.’s financial report for the first quarter of the current fiscal year easily topped...
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AT&T’s Net Profit Down 9.7%, Far Higher than Wall Street Forecasts
Ever since the economic recession started to really hit the market the vast majority of companies...
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Yahoo to Cut 675 Jobs after 1Q Profit Drops 78%
Yahoo Inc announced that it would cut 675 jobs, which equals to 5 percent of its workforce, in...
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Delta, United post hefty first-quarter losses
New York - Delta Air Lines Inc, the world's largest carrier, and United Airlines parent UAL Corp on...
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Google Feels the Recession, but Still Doing Pretty Well
Even the mighty Google can’t get away from the economic recession that basically hit the...
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Google first-quarter profits up 8.9 per cent
San Francisco - Internet search powerhouse Google bucked the economic downturn in the first...
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European car sales slump again as auto crisis deepens
Berlin - European car sales fell by 17.9 per cent in the first quarter of 2009, data released...
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American Airlines flying in the red
New York - American Airlines parent AMR flew back into losses in the first quarter as the recession...
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Car makers plan smaller, leaner sports cars
Big, high-powered sports cars have an image problem as the debate on climate change heats up and...
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Signs that US may be headed slowly toward recovery
Washington - More than a year into one of the longest and deepest US recessions in living memory,...
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Report: US considers taking equity stake in GM
Washington - The US government is weighing taking an equity stake in General Motors Corp, Bloomberg...
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Japan launches 154-billion-dollar stimulus plan
Tokyo - The Japanese government and the ruling coalition parties finalized an...
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Energy agency again downgrades 2009 global oil demand due to slump
Paris - Worse-than-expected prospects for the world economy has prompted the International Energy...
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Daimler warns of exposure to Chrysler collapse
Berlin - German automotive group Daimler, which is struggling with a slump in sales of its...
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US Treasury agrees on fresh support for auto suppliers
Washington - The US Treasury Department on Wednesday launched a new programme to aid US car...
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Uncertain future for super cars as financial crisis bites
Maranello, Italy - Manufacturers of super sports cars have just announced a host of new...
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Slump has worsened, say three European nations' economists
Munich - The economic slump in the euro zone has worsened, economists from three nations said...
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Sun balks at IBM takeover price, conditions; IBM retracts offer
New York - IBM's takeover bid for Sun Microsystems collapsed over the weekend on...
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Ford cuts debt 38 per cent
New York - Ford Motor Company said Monday it had trimmed its debts by 38 per cent in a massive...
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