World economy
Microsoft closes Flight Simulator unit
24 Jan 2009
Microsoft Corp has shut down ACES Studios, its wholly-owned subsidiary that produced Flight Simulator, Microsoft’s longest-running and perhaps most popular game
UK PM Gordon Brown admits failing to recognise crisis
24 Jan 2009
Economists warn that the UK is heading for economic depression, the first since 1930s
Obama team toughens stance on China
24 Jan 2009
New treasury secretary Timothy Geithner acuses China of manipulating currency
Samsung reports first-ever quarterly loss
23 Jan 2009
Nippon Steel doubles production cuts
23 Jan 2009
US research spend to decline despite Obama promise
23 Jan 2009
As research and development budgets take a beating in these economically depressed times, US President Barak Obama's inauguration promise to "restore science to its rightful place" may take a while to fulfill.
US housing seeks new bottoms
23 Jan 2009
Japan’s exports plunge 35 per cent in December
22 Jan 2009
Citigroup senior management decline bonuses
21 Jan 2009
Senior Citigroup executives including CEO Vikram Pandit and chairman Sir Winfried Bischoff decline incentive or retention awards, in the wake of the stress on the bank's fortunes.
Recession-hit Singapore to dip into sovereign wealth funds
21 Jan 2009
Singapore plans to tap into the hundreds of billions of dollars held by the country’s sovereign wealth funds to tackle the deepening recession
Chemicals maker Rohm & Haas to slash 900 jobs
21 Jan 2009
Chemicals maker Rohm & Haas to slash 900 jobs
20 Jan 2009
Hyperinflation forces Zimbabwe to introduce Z$100-trillion currency
20 Jan 2009
Hit by raging hyperinflation, Zimbabwe will soon introduce a new set of notes in denominations of 10 trillion, 20 trillion, 50 trillion and 100 trillion.
Another Indian likely in Obama’s team
20 Jan 2009
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.
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