Ericsson to cut 8,500 jobs worldwide
Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting program as financial headwinds push operators to rein in spending.
Feb 24, 2023
0
3
Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting program as financial headwinds push operators to rein in spending.
Feb 24, 2023
0
3
The world's third-largest contract chipmaker GlobalFoundries opened a $4 billion manufacturing plant in Singapore on Tuesday as part of a global expansion to help ease an industry supply crunch.
Sep 12, 2023
0
1
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
30
20
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
0
11
The world's second-largest memory chip maker SK Hynix said Wednesday it would reduce investments after reporting its biggest ever operating loss as it was hammered by an industry-wide downturn.
Feb 1, 2023
0
21
The mass layoffs that began in Amazon's corporate ranks this week will extend into next year, CEO Andy Jassy said Thursday.
Nov 18, 2022
0
25
A top Boeing executive insisted Wednesday the aviation giant was confident its controversial 737 Max jets could be flying again before the end of the year.
Nov 6, 2019
0
0
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
0
5
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
0
10
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
0
20
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.
This text uses material from Wikipedia, licensed under CC BY-SA