Articles for Economic Tech

Forward-looking policies helped Karnataka to excel in economic growth: CM
5 months, 4 weeks ago

Forward-looking policies helped Karnataka to excel in economic growth: CM

The Hindu  

Forward-looking policies have helped Karnataka clock a GSDP growth rate of 14.2% in fiscal 2024 even as the State, being the fourth largest industrial player, contributes around 8.2% to the country’s GDP, said Chief Minister Siddaramaiah here on Friday. It is due to the forward-looking policies that Karnataka has clocked a GSDP growth rate of 14.2% in FY23,’‘ the Chief …

Bengaluru Karnataka Tech State
Has the war on Gaza hurt Israel’s economy?
11 months, 2 weeks ago

Has the war on Gaza hurt Israel’s economy?

Al Jazeera  

Israel’s war on Gaza, now well into its fourth month, has taken a toll on its own economy with many industries pausing business even as a few continue to get new investments. With a $3.2bn grant from the Israeli government, Intel’s planned investment is a big boost to Israel’s tech sector amid this war. Hard-hit construction industry Construction, accounting for …

Construction Tech Economic Israel Israeli Jerusalem This War
Israel’s high-tech economic engine balks at govt policies
1 year, 11 months ago

Israel’s high-tech economic engine balks at govt policies

Associated Press  

TEL AVIV, Israel — Israel’s tech industry has long been the driving force behind the country’s economy. Are political agendas more important than the ability to be global tech leaders?’” said Omri Kohl, CEO of Pyramid Analytics, a company that makes business intelligence software. If the tech industry suffers, he said, “everyone will lose.” Over the last three decades, Israel’s …

Economy Industry Tech Country Netanyahu Israeli Tel Aviv
Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

Associated Press  

LONDON — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for …

Job Tech Jobs Google Workforce Companies Microsoft
Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

LA Times  

With the layoffs, Google joins a host of other tech giants that have drastically scaled back operations amid a faltering global economy and high inflation. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for an economic downturn, said a note from Victoria Scholar, an …

Job Tech Jobs Google Companies Microsoft Cuts
Microsoft to cut 10,000 jobs as chief says ‘no one can defy gravity’
1 year, 11 months ago

Microsoft to cut 10,000 jobs as chief says ‘no one can defy gravity’

The Telegraph  

Microsoft is to cut 10,000 jobs in the face of a global economic downturn, with chief executive Satya Nadella saying the technology giant cannot “defy gravity”. The layoffs represent just under 5pc of Microsoft’s global headcount and mean the company joins a growing cohort of big tech companies making deep job cuts. In November, Facebook owner Meta said it would …

Google Microsoft Cut Meta Staff Nadella Technology Companies
PepsiCo to cut hundreds of jobs as economic pain grows: Report
2 years, 1 month ago

PepsiCo to cut hundreds of jobs as economic pain grows: Report

Live Mint  

PepsiCo Inc. is laying off headquarters workers from its North American snack and beverage units, according to the Wall Street Journal, in a sign that corporate reductions are beginning to extend beyond technology and media companies. Also, PC-maker Hewlett Packard said it would layoff as many as 6,000 employees over the next three years as the slumping world economy continues …

Journal Cut
After Google, Apple may slowdown hiring until 2023 to cut costs
2 years, 5 months ago

After Google, Apple may slowdown hiring until 2023 to cut costs

India Today  

The tech industry is going through turbulent times for various reasons. Apple now reportedly plans to slowdown the hiring process until next year, 2023, in order to cope with the “economic downturn”. Google slows hiring Other big tech companies are also adjusting their hiring plans, at least until next year. Pichai said that the company would focus on hiring for …

Google Next Year Hiring Pichai
Quzhou economic, tech development zone among top 100 in China
4 years, 9 months ago

Quzhou economic, tech development zone among top 100 in China

China Daily  

chinadaily.com.cn| Updated :2020-03-18 The Quzhou Economic and Technological Development Zone in East China's Zhejiang province ranks 65th on the 2019 list of the Top 100 State-level Economic and Technological Development Zones. The Quzhou Economic and Technological Development Zone in East China's Zhejiang province was named among the top 100 State-level economic and technological development zones in China in 2019, local …

China Development Technological Billion Zone Quzhou Economic Tech
Time to de-FAANG your portfolio and embrace value stocks
5 years, 1 month ago

Time to de-FAANG your portfolio and embrace value stocks

CNN  

New York CNN Business — Big tech stocks have been extremely popular bets for many investors for several years – and 2019 is no exception. But some market experts say value stocks and bonds might be better options than these momentum plays and remaining FAANG stocks Amazon, Netflix and Google owner Alphabet heading into 2020. “That would benefit value stocks …

Growth Stocks Market Value Rate Cuts Falcon Neuberger
Tech stocks lift S&P 500, Nasdaq to record highs; Trump speech awaited
5 years, 1 month ago

Tech stocks lift S&P 500, Nasdaq to record highs; Trump speech awaited

Live Mint  

A rise in technology stocks drove the S&P 500 and Nasdaq indexes to new record highs on Tuesday, while investors awaited a speech by President Donald Trump for clarity on US-China trade relations. "There is some optimism that Trump will tell people something they like to hear, whether it's the civics or a general delay in tariffs," said Willie Delwiche, …

Trump Nasdaq Stocks Lift