News tagged with global slowdown

Europe's Vega rocket launch set for early 2012

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.

Space & Earth / Space Exploration

created Dec 08, 2011 | popularity 3.7 / 5 (3) | comments 1

Japan's NEC to exit supercomputer project

Japan's ailing IT giant NEC Corp. said Thursday that it would withdraw from a government-backed supercomputer project as part of its efforts to cut costs during the economic slump.

Technology / Business

created May 14, 2009 | popularity 3 / 5 (2) | comments 0

Chairman says Samsung to focus on new products

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.

Technology / Business

created Jan 02, 2012 | popularity 3 / 5 (2) | comments 0

Hitachi to replace president, split off businesses

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.

Technology / Business

created Mar 16, 2009 | popularity 5 / 5 (1) | comments 1

Japanese firms in talks on microchip merger

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.

Technology / Business

created Apr 16, 2009 | popularity 5 / 5 (1) | comments 0

PC maker Lenovo reports loss amid weak demand

(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.

Technology / Business

created Aug 06, 2009 | popularity 5 / 5 (1) | comments 0

Tough economy curbs clean energy investment: experts

A global economic slowdown and the eurozone debt crisis have curbed government investment in renewable energy, experts warned Tuesday.

Technology / Energy & Green Tech

created Jan 17, 2012 | popularity 5 / 5 (1) | comments 3

India's Wipro posts 19 percent rise in profits

India's third-largest software group Wipro on Tuesday reported a 19-percent rise in net profit and forecast improving demand, underscoring new optimism in the sector.

Technology / Business

created Oct 27, 2009 | popularity 1 / 5 (1) | comments 0