US auto sales remain slow in third quarter
Automakers saw lackluster US sales in the third quarter, as manufacturers continued to grapple with supply constraints, according to reports from the companies Monday.
Oct 4, 2022
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Automotive
News tagged with economic slowdown
Business
Chinese electric carmaker BYD plummets after Buffett sale
Shares in Chinese electric carmaker BYD plunged on Wednesday after its largest backer, Warren Buffett's Berkshire Hathaway, reduced its stake amid speculation of a potential exit.
Aug 31, 2022
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Business
Alibaba quarterly revenue flat for first time ever in June
Chinese e-commerce giant Alibaba reported flat revenue growth on Thursday for the first time ever, as the country grappled with an economic slowdown and COVID-19 resurgences kept consumers jittery.
Aug 4, 2022
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Business
Sony sees profit rise despite waning interest in video games
Sony's profit edged up 3% in the last quarter, weathering production setbacks from COVID-19 lockdowns in Shanghai and a trend away from video gaming as pandemic restrictions eased elsewhere.
Jul 29, 2022
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Automotive
Toyota acquires Lyft's self-driving unit for $550 million
Toyota Motor Corp. has acquired the self-driving division of American ride-hailing company Lyft for $550 million, in a move that highlights the Japanese automaker's ambitions in that technology.
Apr 27, 2021
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Business
Profits at India's Tata Motors surge on pent-up demand
Profits at India's Tata Motors jumped 67 percent during the last quarter of 2020, the company said Friday, benefiting from pent-up demand that saw consumers flock to buy cars.
Jan 29, 2021
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4
Business
Tech giants report strong results, but murky outlooks
Five technology giants reported strong earnings but mixed outlooks Thursday, a sign of varying fortunes as they work to rebound from a pandemic-related economic slowdown earlier this year.
Oct 29, 2020
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Energy & Green Tech
Wind and solar power at record high in 2020, coal dips: analysis
Wind and solar produced a record 10 percent of global electricity in the first half of 2020 as the world's coal plant fleet ran at less than half its capacity, analysis published Thursday showed.
Aug 13, 2020
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German robotics set to shrink for first time in decade
Germany's prized industrial robotics and automation sector is expecting a drop in sales this year for the first time since the global financial crisis, an industry body said on Friday.
Nov 22, 2019
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5
Business
Chinese consumers smash 'Singles' Day' shopping record
Chinese shoppers set new records for spending during the annual "Singles' Day" buying spree despite an economic slowdown and worries over the US trade war, with state media calling it a sign of China's rising economic strength.
Nov 12, 2019
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Recession
In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.
Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
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