News tagged with global downturn
Global crisis hitting IT spending: Microsoft chief
Nov 02, 2009 |
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Companies worldwide are slashing spending on information technology because of the global downturn and will have to learn to do more with less, Microsoft chief executive Steve Ballmer said Monday.
Carbon emissions fall with global downturn: report
Sep 21, 2009 |
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Greenhouse gas emissions have fallen thanks to the global downturn, handing the world a chance to move away from high-carbon growth, a report said Monday, citing an International Energy Agency study.
PC maker Lenovo reports loss amid weak demand
Aug 06, 2009 |
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(AP) -- Lenovo Group, the world's fourth-largest personal computer maker, reported a $16 million quarterly loss Thursday and said it faces pressure from weak global demand and intense competition.
Nokia to lay off 170 workers worldwide
May 19, 2009 |
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(AP) -- Nokia Corp. said Tuesday it will lay off 170 workers worldwide to further cut costs as the global downturn continues to weaken demand in the mobile phone industry.
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Japan chipmakers NEC Electronics, Renesas to merge
Apr 27, 2009 |
3.5 / 5 (2) |
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NEC Electronics and Renesas Technology announced plans for a merger to create Japan's largest semiconductor maker, as they seek a way out of the global economic downturn.
Japan's Sharp reports 1.3 bln dollar annual loss
Apr 27, 2009 |
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Japanese electronics giant Sharp Corp. announced an annual net loss of 1.3 billion dollars, its first ever, due to a slump in sales, but it forecast a return to profit this year.
Hitachi to replace president, split off businesses
Mar 16, 2009 |
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Japanese hi-tech giant Hitachi Ltd. said Monday that it was replacing its president and splitting off its automotive systems and consumer electronics operations as it braces for a massive loss.
India's Infosys Q1 profit up 17.2 pct, beats forecasts
Jul 10, 2009 |
5 / 5 (1) |
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India's second-biggest software exporter Infosys announced Friday a better-than-expected 17.2 percent rise in first-quarter net profit, but said global conditions remained challenging.
Economic downturn will have severe, far-reaching effects on global health
Jun 12, 2009 |
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(PhysOrg.com) -- The health of millions of people worldwide is at risk as a result of the financial crisis, says Dr Andrew Robertson, in an editorial published online in Emerging Health Threats Journal.
Report: Worst may be over for US tech market
Jun 30, 2009 |
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(AP) -- As bad as the technology market fared in the first quarter of this year, the worst may be over, at least in the United States, Forrester Research said in a report Tuesday.
Toshiba to stop making mobile phones in Japan
May 20, 2009 |
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(AP) -- Japan's top chipmaker Toshiba Corp. said Wednesday it will end production of mobile phones in Japan due to plummeting demand amid an economic slump.
Sony TVs to have electronic money function
Electronics / Consumer & Gadgets
Mar 02, 2009 |
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Sony's new liquid crystal display televisions will have an electronic money function to make it easier for users to pay to watch movies and programmes, the company said Monday.
Sony launches cash-for-televisions scheme in Britain
Aug 19, 2009 |
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Japan's Sony Corp. on Wednesday launched a scheme in Britain to encourage cash-strapped consumers to swap old televisions for new ones in a plan that mirrors worldwide car trade-in initiatives.
Lenovo reports losses as sales plummet (Update)
May 21, 2009 |
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China's Lenovo, the world's fourth largest maker of personal computers, Thursday reported a net loss of 226.4 million US dollars in the 2008-09 fiscal year citing structural changes and weak sales.
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