European Central Bank cuts rates to 1.5 percent

The European Central Bnka cut its key lending rate to a record low of 1.5 percent Share

PC sales expected to drop dramatically

Technology research group Gartner Inc. said Monday that the worldwide PC industry will experience its sharpest shipment decline in history Share

US economy shrinks at worst rate in 25 years

The US economy has experienced a sharp contraction in the final quarter Share

Japan’s exports fall by 46 per cent

In January, Japan’s exports have fallen by 46 per cent. Share

Tourism Predictions 2009

Stormy weather ahead for the Travel and Tourism industry? What everyone in the tourism industry is asking themselves right about now is: How will tourism in 2009 be affected by the global economic crisis? Share

Australian consumer prices fall

Australian consumer prices fell in the fourth quarter given the sliding prices for fuel, cars and food. Economists expect the central bank to cut interest rates as the economic growth stagnates. Share

Industry survey confirms worsening recession

As we come to the end of January 2009, with President Obama in office and stimulus packages as well as bailouts well under way Share

Schlumberger oil giant, to cut 5,000 jobs

Schlumberger Ltd., (NYSE:SLB) the world’s largest oilfield-services provider reported Friday a 2008 revenue of $27.16 billion Share

General Electric profits drop 44 percent

The mammoth company, General Electric, Co. announced Friday a 44 percent drop in its quarterly profit. Share

Economic crisis threatens exports and growth

As the global economic crisis takes its toll on countries around the globe. as well as their automakers, banks, construction and property firms, the latest victim of the economic crisis is world trade. Share