downturn

As America lurches towards an unprecedented default, attention is turning to the “economic calamity” it would trigger across the globe.The nation is running out of cash – fast – and tense negotiations are currently underway in Congress…

Infosys founder Narayana Murthy sees tech layoffs in the U.S. as an opportunity for India."I look at these things as part of a business cycle. The curve goes up and down, up and down. So I would not be that much worried," Murthy told The…

Seoul: Samsung Electronics Co Ltd said on Friday it would make a “meaningful” cut to chip production after flagging a worse-than-expected 96% plunge in quarterly operating profit, as a sharp downturn in the global semiconductor market…

Samsung Electronics Co Ltd said it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.The unusual…

Venture capital investment in carbon and emissions-related technologies such as carbon capture hit $13.8 billion in 2022, close to a record high and defying a sharp drop in broader fundraising volumes, research firm PitchBook said on…

It may seem illogical but sales of jewellery and art often tend to rise during tough economic times, as people delay more extravagant purchases, but still want to treat themselves says Lauren Nicholls, owner of Stable, a multi-brand…

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Reuters January 31 Intel Corp said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a…

Samsung made a surprisingly aggressive decision to keep capital spending at the same level as last year, defying expectations that it go along with rivals in pulling back to alleviate pressure on an already-battered semiconductor industry.…

After the pandemic boom of a few years, technology companies ended 2022 with a bleak outlook. Across the sector thousands of jobs were cut to correct the over-hiring of the Covid period, and brace for, what experts call, a period of slower…