GLOBAL SLOWDOWN

  • Greece approves scheme to fire thousands of public workers July 18, 2013

    Athens: Greece's shaky coalition government scraped through a vote on Wednesday on a bill to sack public sector workers as thousands chanting antiausterity slogans protested outside parliament. The vote was the first major test for Prime Minister Antonis Samaras's twoparty coalition since losing an ally over the abrupt shutdown of the...
  • Growth slump 'a temporary downturn', says Manmohan Singh April 3, 2013

    New Delhi: The Indian economy is facing a temporary downturn, and average rates of economic growth above 8 per cent are possible in the medium term, Prime Minister Manmohan Singh told a gathering of the nation's top businessmen on Wednesday. India's economy, hit by the global slowdown and stubbornly high inflation,...
  • 'Global slowdown, high interests affecting growth' February 22, 2012

    New Delhi: High interest rates, coupled with adverse global situation, are impacting investment and economic growth, Finance Minister Pranab Mukherjee said on Tuesday. In a globalised world where major developed economies are going through a turbulent time, growth cannot be taken for granted, the Finance Minister said at the Assocham annual...
  • India seeks closer China ties to combat slowdown January 10, 2012

    New Delhi: Downplaying recent irritants in bilateral ties, India Monday sought closer collaboration with China to combat the global economic slowdown and to work jointly on international issues ranging from terrorism to climate change to shape a new world order. "Uncertainty in the international system is at unprecedented levels. The economic...
  • China will be badly hit by US recession: Wen Jiabao August 24, 2009

    New Delhi: The Chinese economy will be badly hit by the US recession says Chinese Premier Wen Jiabao. In an exclusive interview to CNN's Farid Zakaria, Wen Jiabao said that it is in Washington's interest to ensure the stability of China's financial sector. "A shrinking of US demand will certainly have...
  • Recession innovation: Work in 50 jobs in 50 states March 27, 2009

    A college graduate from Southern California, USA is making a name for himself by working a job in every state. Daniel Seddiqui came up with the idea after being turned down for dozens of jobs. CNN's Julie Pursley reports ...
  • Job loss? How to cope financially January 19, 2009

    When it rains, it pours. There's been an avalanche of bad news: first the subprime crisis, then global recession and now financial frauds. Of course, the major fall out has been job loss. But what's important now is how you cope with this crisis; more importantly, coping with losing a...
  • Slowdown hits India, Govt braces for 50k cr shortfall January 16, 2009

    New Delhi: The recession is now taking a toll on the Government's earnings. The North Block has just assessed a huge collection shortfall at the end of the third quarter and the figures are really looking grim. The target was Rs 3.65 lakh crore. Till January 8, the Government has...
  • Terror, recession play party pooper in Bangalore December 22, 2008

    Bangalore: The last week of the year is usually the best for a disc jockey or an event manager. With Christmas and New Year packed in one week, they usually have their hands full. But this year the music in the consoles is fast losing its rhythm. That is because...
  • Advani meets industrialists to discuss state of economy November 21, 2008

    New Delhi: Top industrialists and representatives of apex chambers on Thursday met with Leader of the Opposition L K Advani to discuss the state of the Indian economy in the wake of current global slowdown, in what has raised eyebrows in both the political and industrial establishment. This was the first...