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.
(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.
(AP) -- Nintendo Co. reported an 8.5 percent rise in annual profit as the video game maker shrugged off the global slowdown that has battered other Japanese manufacturers.
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.
Controversial plans to revive the EU's faltering carbon cap-and-trade system so as to cut greenhouse gas emissions face a tough test in the European Parliament on Tuesday.
Six EU states, including powerhouse Germany, called on European lawmakers Friday to back efforts to revive a faltering market in pollution credits so as to bolster the bloc's fight against global warming.
South Korea's state auditor on Friday panned President Lee Myung-Bak's $20 billion effort to dredge, dam and beautify four major rivers, saying it was riddled with costly flaws.
India's fourth-biggest software services firm HCL said Tuesday quarterly net profit leapt 50 percent but its shares slid on fears about the global downturn crimping the sector's future growth.
Fewer Mexican immigrants returned home from the United States during 2008 and 2009 than in the two years prior to the start of the recession, a finding that contradicts the notion that the economic downturn has hastened return ...
(PhysOrg.com) -- With the severe national recession of the past two years finally behind us, the pace of economic recovery will be slow and unemployment will remain high for quite some time, say economists at the University ...