Articles for Downturn

Lessons for India from Intel’s downturn
2 weeks, 4 days ago

Lessons for India from Intel’s downturn

Hindustan Times  

Silicon Valley thrives on disruption. But even in this land of constant change, there’s a sense of melancholy in the air as Intel, the once-unquestioned king of chips, stumbles towards an uncertain future. Lessons for India from Intel’s downturn Remember those “Intel Inside” stickers plastered on every computer back in the day? “Intel’s biggest problem isn’t just competition,” a seasoned …

India Nvidia Intel Semiconductor Industry
Lessons for India from Intel’s downturn
2 weeks, 4 days ago

Lessons for India from Intel’s downturn

Hindustan Times  

Silicon Valley thrives on disruption. But even in this land of constant change, there’s a sense of melancholy in the air as Intel, the once-unquestioned king of chips, stumbles towards an uncertain future. “Intel’s biggest problem isn’t just competition,” a seasoned industry analyst confided, “it’s their legacy.” The company, with its massive workforce and sprawling infrastructure, is like a super …

India Nvidia Intel Semiconductor Industry Qualcomm
German manufacturing sector mired in downturn in November, PMI shows
3 weeks, 1 day ago

German manufacturing sector mired in downturn in November, PMI shows

Hindustan Times  

BERLIN, - Germany's manufacturing sector remained firmly entrenched in contraction territory in November as firms struggle with weak demand and competitive pressure, highlighting ongoing challenges for Europe's largest economy, a survey showed on Monday. German manufacturing sector mired in downturn in November, PMI shows The HCOB Germany Manufacturing Purchasing Managers' Index, compiled by S&P Global, held steady at 43.0, unchanged …

Germany German Manufacturing
Scripps News is shutting down, another victim of the TV news business downturn
2 months, 4 weeks ago

Scripps News is shutting down, another victim of the TV news business downturn

LA Times  

Television station group owner E.W. Scripps News supplied a 24-hour feed of live coverage and documentary programming to broadcast TV stations and ad-supported streaming services such as Tubi and Pluto. But Symson said the company was unable to get major advertisers to sign on because of the current divisive political environment in the U.S. “Many brands and agencies have decided …

Digital Platforms Channel Ews Scripps Symson Business Downturn Scripps News
Sitaram Yechury: Lifelong Leftist who held sway in Delhi despite CPI(M) downturn
3 months, 1 week ago

Sitaram Yechury: Lifelong Leftist who held sway in Delhi despite CPI(M) downturn

Hindustan Times  

The Rajya Sabha, had a red carpet, and the Lok Sabha a green one. Sitaram Yechury of the Communist Party of India, was fond of remarking that this was because “if the Lok Sabha green-lights any faulty bill, the Rajya Sabha must show it the red light.” Yechury at the CPI office in Delhi in 2016. Yechury, who died on …

India Delhi Congress Indian Rajya Sabha Party Gandhi
Fed leader, concerned about jobs downturn, tees up interest rate cuts
4 months ago

Fed leader, concerned about jobs downturn, tees up interest rate cuts

LA Times  

Federal Reserve Chair Jerome H. Powell now sees inflation as less of a threat and maximizing jobs as even more important. But Powell’s emphasis on doing “everything we can to support a strong labor market” gave some economists reason to think that the Fed could make a half-point move next month. Powell said that the pace of policy actions would …

Market Inflation Interest Rates Interest California Fed Rate
Nifty IT index ends 3-month downturn in June, surges 12% to record largest monthly jump since Aug 2021
5 months, 3 weeks ago

Nifty IT index ends 3-month downturn in June, surges 12% to record largest monthly jump since Aug 2021

Live Mint  

In June, IT stocks ended their three-month bearish streak, marking one of their strongest monthly performances. The Nifty IT index concluded the month with an impressive gain of 11.65%, marking the largest monthly jump since August 2021. The advent of artificial intelligence is bringing new business opportunities to Indian IT companies, allowing them to leverage AI to provide innovative solutions …

Global Stocks Indian Digital Index Ai It Companies
Bitcoin drops 4% to $61,000, witnesses second-worst weekly decline; What’s behind the plunge?
6 months ago

Bitcoin drops 4% to $61,000, witnesses second-worst weekly decline; What’s behind the plunge?

Live Mint  

World's biggest cryptocurrency Bitcoin witnessed a downturn of over 3 per cent on Monday, falling to $61,000 level. Losses are mounting in the crypto market following its second-worst weekly decline of 2024, driven by waning demand for Bitcoin exchange-traded funds and uncertainty surrounding monetary policy. Despite the prevailing downturn, Bitcoin's open interest has experienced a slight uptick of 0.59 per …

Market Crypto Bitcoin Btc
Sensex crashes over 6,000 points, investors lose over Rs 26 lakh crore
6 months, 3 weeks ago

Sensex crashes over 6,000 points, investors lose over Rs 26 lakh crore

India Today  

The stock market experienced a major downturn on Tuesday, with the Sensex plummeting over 6,000 points. The sharp drop in the Sensex, the key index of the Bombay Stock Exchange, sent shockwaves across the financial landscape, prompting concerns and uncertainty among market participants. The primary trigger for this massive decline appears to be the prevailing political scenario as exit poll …

Market Stock Decline Sensex Adani Rs 26
AI Can Exacerbate Job Losses, Market Fall and Supply Chain Errors in Next Downturn: IMF
6 months, 3 weeks ago

AI Can Exacerbate Job Losses, Market Fall and Supply Chain Errors in Next Downturn: IMF

Deccan Chronicle  

Chennai: In the next downturn, artificial intelligence can exacerbate job losses, financial market losses and supply chain errors across countries. In order to remain prepared, countries have to ensure that tax systems favour people over automation, workers are protected from AI labour market disruptions and financial institutions make disclosures on usage of AI, said Gita Gopinath, first deputy managing director …

Job Market Financial Countries Ai Job Losses Gopinath
As it happened: ASX flat ahead of tomorrow's budget, business conditions and household spending fall
7 months, 1 week ago

As it happened: ASX flat ahead of tomorrow's budget, business conditions and household spending fall

ABC  

It's no secret that building approvals — a key forward indicator of future supply in housing — are grinding along at 12 year lows, but that doesn't mean things won't deteriorate further. Capital Economics Marcel Thieliant argues the downturn in home building has much further to run as a pipeline of unfinished homes left over from the pandemic is drying …

Unfinished Homes Capital Economics Unfinished Mr Thieliant Business Conditions Spending Fall
Mulberry reveals sales woes amid luxury spending downturn
7 months, 3 weeks ago

Mulberry reveals sales woes amid luxury spending downturn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The trading environment in the UK and China remains …

Luxury China Trading Spending Mulberry Reveals Sales Luxury Spending
Tesla cuts prices globally after Cybertruck recall and stock downturn
8 months ago

Tesla cuts prices globally after Cybertruck recall and stock downturn

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price reduction came after Tesla’s stock dropped below $150 per share on Friday and wiped out …

Tesla Price Model Free Indytech Cybertruck Model 3
BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn
10 months ago

BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn

Hindustan Times  

In a scathing critique of Chief Minister Siddaramaiah's 15th budget presentation, BJP leader and Former Chief Minister Basavaraj Bommai expressed concerns over the fiscal direction of the state, asserting that "Development is not possible from Dasoha without Kayaka". Bommai also raised concerns about the government's borrowing practices, stating that despite borrowing ₹1.5 lakh crore, only ₹1,000 crore was allocated for …

Karnataka Development Budget Congress State Bjp Crore
Markets experience downturn, breaking seven-day rally; Sensex falls 211 points
1 year ago

Markets experience downturn, breaking seven-day rally; Sensex falls 211 points

India TV News  

In an early trading session, the stock markets witnessed a shift in momentum, putting an end to a seven-day rally. Additionally, factors such as stable crude oil prices, anticipation of the Reserve Bank of India maintaining interest rates in the upcoming Friday meeting, and heightened participation from foreign portfolio investors in December played pivotal roles. FPIs exhibited robust engagement, making …

Market Fpi Sensex Falls
Chief China economists speak on China's economic recovery
1 year, 2 months ago

Chief China economists speak on China's economic recovery

China Daily  

Xiong Yi, Deutsche Bank's chief China economist. Q: With recent measures to address the property market downturn and boost confidence in the capital market and the private economy, what's your outlook for the Chinese economy for the rest of the year and 2024? To achieve moderate growth pace, or even potentially higher growth, China needs to provide sufficient countercyclical policy …

Economy Growth China Japan Market Chinese Recent
Joe Biden says China less likely to invade Taiwan amid economic downturn
1 year, 3 months ago

Joe Biden says China less likely to invade Taiwan amid economic downturn

The Telegraph  

Joe Biden said China was becoming too weak to invade Taiwan, blaming the slowing economy on helping to reduce the threat of a full-scale attack. Despite Beijing’s bellicose rhetoric and manoeuvres in the South China Sea, Mr Biden said the slowdown would affect Beijing’s ability to seize control of Taiwan over which it has claimed sovereignty for decades. “I don’t …

Vietnam China Taiwan Administration Biden Chinese Beijing
China's Deflation: How the World's Second-Largest Economy Is Responding to Downturn?
1 year, 4 months ago

China's Deflation: How the World's Second-Largest Economy Is Responding to Downturn?

News 18  

China on Wednesday reported it had entered deflation for the first time since 2021 — the latest indicator pointing to a slowdown in the world’s second-largest economy. Here’s how Beijing is attempting to reverse the downturn: – Targeted stimulus – During the global financial crisis of the late 2000s, China unveiled a massive four trillion yuan stimulus plan. In the …

China World According Chinese Beijing
A ‘rolling recession’ or a ‘richcession’ might spare the U.S. economy from a full-scale downturn
1 year, 4 months ago

A ‘rolling recession’ or a ‘richcession’ might spare the U.S. economy from a full-scale downturn

LA Times  

Customers shop for clothing at a store in Vernon Hills, Ill., in June. Despite higher interest rates, consumers keep spending, employers keep hiring and the much-anticipated recession still hasn’t arrived. Even as the Federal Reserve has sent borrowing costs sharply higher, the economy’s resilience has been on plain display: Consumers keep spending, and employers keep hiring. Business 2023 recession now …

Economy Job Workers Interest Rates Interest Spending Fed
A ‘rolling recession’ or a ‘richcession’ might spare the US economy from a full-scale downturn
1 year, 5 months ago

A ‘rolling recession’ or a ‘richcession’ might spare the US economy from a full-scale downturn

Associated Press  

WASHINGTON — Despite more than a year of widespread warnings that a recession was near, America’s economy is, if anything, accelerating. Even as the Federal Reserve has sent borrowing costs sharply higher, the economy’s resilience has been on plain display: Consumers keep spending, and employers keep hiring. Here’s how it could all play out in the United States: IT’S A …

Economy Job Workers Interest Rates Spending Fed Rate
Investor confidence shifts to APAC amid macroeconomic downturn
1 year, 6 months ago

Investor confidence shifts to APAC amid macroeconomic downturn

Live Mint  

BENGALURU : Limited partners in the Asia-Pacific region are more optimistic about their venture capital portfolios over the next one year compared to those investing in the North America or Europe, as the West struggles with macroeconomic headwinds and higher interest rates. About 85% of North American LPs expect their VC portfolios to see a down round, while among European …

Private Equity Report North North America Expect North American Due Diligence
Jamie Dimon warns of a commercial real estate downturn
1 year, 7 months ago

Jamie Dimon warns of a commercial real estate downturn

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. New York CNN — Economists are concerned about the $20 trillion commercial real estate industry and so is JPMorgan Chase CEO Jamie Dimon. The regional banking crisis is having a knock-on effect on commercial real estate lending, Dimon warned at his company’s shareholder meeting on Monday. …

Real Estate Bank Interest Rates Biden Mccarthy Fed Dimon
China tells U.S. to 'reflect deeply' over downturn in ties
1 year, 7 months ago

China tells U.S. to 'reflect deeply' over downturn in ties

The Hindu  

China’s Foreign Minister told the U.S. China's Foreign Ministry quoted Mr. Qin as telling Ambassador Nicolas Burns that a “series of erroneous words and deeds by the U.S." since a meeting in November between U.S. President Joe Biden and Chinese leader Xi Jinping "have undermined the hard-won positive momentum of Sino-U.S. relations.” “The U.S. side should reflect deeply, meet China …

China Taiwan Burns Washington Ties Chinese Relations
China tells US to ‘reflect deeply’ over downturn in ties
1 year, 7 months ago

China tells US to ‘reflect deeply’ over downturn in ties

Associated Press  

BEIJING — China’s foreign minister told the U.S. ambassador on Monday that Washington is responsible for the downturn in relations between the two countries and must “reflect deeply” before ties can return to a healthy track, an official said. China’s Foreign Ministry quoted Qin as telling Ambassador Nicolas Burns that a “series of erroneous words and deeds by the U.S.” …

China Taiwan Burns Washington Ties Chinese Beijing