Economic Downturn

Wall Street pushes higher led by surging health care stocks; modest rise in European indices

Nascent optimism is budding on Wall Street that the worst of the selling may be over, but markets around the world remain tentative amid uncertainty about whether global authorities can nurse the economy through the pandemic.

Paul Krugman warns of global recession by year-end, says absence of effective response during slowdown main concern

Speaking at the World Government Summit in Dubai, Paul Krugman said it was unlikely that just "one big thing" would prompt an economic downturn.

General Motors to slash 14,700 jobs in North America; to focus on autonomous, electric vehicles

The factories up for possible closure are part of General Mortors' effort "to right-size our capacity for the realities of the marketplace," as consumers shift away from cars to trucks and SUVs.

The Promised Land: Kerala's reverse exodus

The survey conducted by S Irudayarajan and KC Zachariah of the Centre Development Studies (CDS) revealed a steady rise in the reverse flow from 1990s, when the impact of the global economic recession was felt by businesses in the Gulf.

CEOs Still Regard Their CIOs As Itinerant Specialists

In an age of such digital disruption to business, many CIO roles remain underinvested, says Gartner.

Economic Distress Deters Growth Plans In 2012

CEOs were open to investing seriously in growth initiatives but with the mid-year economic crisis, they are now forced to come up with Plan B, says Mark Raskino, VP and Gartner Fellow, Gartner.

Rigid Compliance Helped India BFSI In The Downturn

"None of the banks in India failed in the light of the economic crisis because of strong regulations by RBI," says Dr. Meera Aranha, Chief Compliance Officer, Karnataka

CIOs Should Plan To Tackle Another Economic Downturn

CIOs should augment current near-term plans by preparing for a second recession.

HVD Deployment To Accelerate In India, China In 2010

While large enterprises in China and India give HVD a lower priority, they currently offer better opportunities for HVD deployments.

Recession Has Not Killed IT Spending: Survey

The results indicate a willingness from financial decision makers to invest in existing IT systems.