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If business and politics have one thing in common, it is the penchant for turning obstructive when any kind of socially beneficial measure seems to contradict their interests.
Chinese computer giant Lenovo announced Thursday it would cut about 2,500 jobs, roughly 11 percent of its worldwide workforce, after suffering losses due to the global economic crisis.
TALLAHASSEE, Fla. -- A deficit-reduction package that includes nearly $1 billion in spending cuts for schools, health care, social services and other state functions cleared a pair of House panels Wednesday.
Jan. 8 (Bloomberg) -- Hyundai Motor Co. Chairman Chung Mong Koo ’s race to transform South Korea’s largest carmaker into a global manufacturer failed to anticipate the global recession.
Urbana University's decision to reduce salaries and close old buildings addresses issues that began before the current economic crisis, the university's president said Wednesday, Jan. 7.
The willingness of Rangers to sell their top goalscorer provides a chilling reminder of reality. In the icy blast of a global recession, no one is immune. Not even Scotland's richest club.
Scotland's councils are hurtling towards an unprecedented financial crisis, with severe cutbacks forecast next year now being revised upwards again - by as much as 50%.
The number of people suffering bronchitis increased by 50 per cent last week putting intense pressure on hospitals and GPs. Cases of flu infection also rose by a quarter, according to official figures from the Royal College of General Practitioners.
India reeled in shock yesterday (January 7) as the head of one of its biggest software services company quit after admitting that its books had been cooked for the past several years to show larger profits.
ndia reeled in shock yesterday (January 7) as the head of one of its biggest software services company quit after admitting that its books had been cooked for the past several years to show larger pro .....
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