Industry tracker Gartner on Tuesday said that worldwide spending on information technology (IT) was on pace to hit $3.6 trillion this year despite trouble in the global economy.
The employee turnover rate in India's notoriously job-hopping outsourcing sector has fallen sharply as a weak global economy hits the flagship industry, a study on Monday showed.
Japan's Panasonic on Friday warned it would see its worst-ever net loss of 780 billion yen ($10.2 billion) for the year to March, blaming the strong yen, flooding in Thailand, and acquisition costs.
Chinese Internet company Alibaba on Tuesday posted a net profit of 1.71 billion yuan ($271.48 million) in 2011, up 16.6 percent over the previous year, but with weakness in the fourth quarter.
Indian IT giant Infosys on Thursday posted a 33-percent rise in its quarterly profit, but warned of a slowdown and weak client spending due to global uncertainty and the European debt crisis.
EU greenhouse gas emissions, blamed for global warming, dropped slightly last year but the much-vaunted system for cutting such pollution ran into even more trouble, the European Commission said on Thursday.
The European Union is unlikely to hammer out its new policy on global warming ahead of a global climate deal that could be clinched in 2015, Poland's environment minister said Wednesday.
South Korea's top mobile carrier SK Telecom has been selected as preferred bidder for a controlling stake in Hynix Semiconductor, the world's number two memory chip maker, creditors said Friday.
(AP)—China has a new status its government doesn't want—world's biggest trader.
Shares in Indian outsourcing giant Infosys climbed nearly four percent on Thursday after the company announced a new chief executive who will take over in August.