Last Updated Stories in Slowdown

Economic decline may hurt online security, says expert

Significance of this news that when highly qualified individuals suddenly loses their jobs, ther is a higher chance that they tend to get into illegal activities like phishing attacks and other information thefts. As recession and economical slowdown soars to new heights (or...

Slowdown pulls down India's growth to 5.3 percent

The signs of worldwide economic downturns have started showing in world's second fastest growing economy India. India's econmy grew at its lowest rate in almost six years in the third quaeter ending at December. The slowdown has raised questions about projected growth for...

Vale: The World's Largest Iron Ore Miner Laying off 1,300 Workers

" Vale (VALE5.SA: Quote, Profile, Research, Stock Buzz), the world's largest iron ore miner, said on Wednesday it is laying off 1,300 workers and putting 5,500 more on paid leave, the latest sign of Brazil's...

More than 65,000 employees lose jobs in three months in India

"New Delhi, Dec 03: Over 65,000 employees have lost jobs during the three-month period ending October in the country on account of economic slowdown, official sources said. ...

Now marriage market dumps software engineers in India

Majority of young boys and girls in India are married by their family by what they call it "arrange marriage". There is always big demand of professional bridegrooms in marriage market. Boys working in new economy business were most preferred choice of any girls father....

Turmoil in Indian Aviation - Jet Airways sacks 1,000 employees

A day after Kingfisher Air and Jet Airways switched from rivalry to partnership in a bid to face difficult skies hit by rising costs, employees in both airlines huddled to discuss their future. Job loss fears...

FTSE 100 Drops, Global Recession Fears Rise

London's stock exchange closed just over 7% down today, mired by underperforming mining stocks. Now the word "recession" is getting used a bit more often.The European bailout plan was not the magic pill that some...

India's Outsourcing firms hit by US financial crisis

The sunshine industry of Indian econmy the BPO firms will be hit by the current global economic turmoil over the next few months and now Industry association National Association of Software and Service...

The human face of economic uncertainty

" CNN) -- The crisis in the financial industry is all about huge banking, insurance and investment firms, but the general economic slowdown is hitting regular people right where they live. Deborah Walker and son David are struggling amid the economic slowdown. ...

Apocalypse Now?: New world order could have devastating implications for West...

London finance district down, disease spreading over London In due course, it will topple governments and lead to a permanent transfer of economic and political power from Europe and America to the emergent and,...

More Pressure on the Banks

With recent bank closings erasing 17 percent of the FDIC reserves and more closing coming in the near future, FDIC rates to the banks are going to need to be increased. Banks have cut off income producing lines...

Survey: 3 Out of 4 Angry About High Gas Prices

"June 27, 2008 Red states and blue states are united on at least one issue: Americans are increasingly angry and anxious about high gas prices and favor far-reaching action on energy and climate issues, according to a new poll. About three out of four Americans and a...

Heady excitement damped by doubt

Benin's intro:  This is an excerpt from absolutely amazing  special report that the Financial Times has done on the current state of the Nigerian economy.  The report was very fairly balanced and...

What next for the economies of the Gulf States? « Peter J. Cooper’s Weblog

"For the time being the US economic slowdown remains a positive for the Gulf States, and only a much deeper economic recession will seriously dampen oil prices and impact regional prosperity."

Oil imports increase US trade gap

Soaring fuel prices have now started  hitting even American economy badly. According to a latest report for the first time in last 13 months, US trade deficit have gone up to $60.9bn in April ."The rising...

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