A major air show in Sao Paulo this week turned the spotlight on the robust health of Brazil's general aviation market, which is thriving despite the global economic slowdown.
Europe's new Vega rocket, which can place a 1.5-ton satellite into low-Earth orbit, is expected to see its first launch early next year, Arianespace chief Jean-Yves Le Gall said Thursday.
(Phys.org)—Confidence plunged in December as consumers confronted the rising likelihood that political gridlock would push the country over the fiscal cliff.
(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.
Renesas Technology Corp. and NEC Electronics Corp. are in merger talks to create Japan's top chipmaker as they seek to survive the global recession, reports said Thursday.
Japanese high-tech giant Hitachi announced Tuesday a net loss of 82.7 billion yen (870 million dollars) for the fiscal first quarter with sales down heavily amid the economic downturn.
Japan's Pioneer Corp. warned it would spend a sixth straight year in the red as it pulls the plug on its loss-making television business and slashes thousands of jobs.
British motorists could receive up to 5,000 pounds (5,700 euros, 7,500 dollars) if they buy an electric car under government proposals unveiled Thursday.
South Korea's Samsung Electronics will this year focus on developing new products and tapping into new businesses to get ahead of competitors amid the global economic slowdown, its chairman said Monday.
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.