Barack Obama’s administration has stepped up pressure on US lawmakers, threatening to force them to work through their one-week recess starting on Friday to get the $800bn (£541bn) economic stimulus package enacted as soon as possible.Amid the worst job losses in a generation, Mr Obama postponed details of a $350bn bank rescue plan to force […]
Temasek takes severe hit
CEO Ho Ching’s exit won’t alter fortunes of the sovereign wealth fundin short term Ho Ching’s resignation as CEO of Temasek Holdings would not cloud heavy losses of about 40 per cent at Singapore’s sovereign wealth fund amid the global financial market meltdown. The Government Investment Corporation of Singapore (GIC) is also suffering similar heavy losses. An […]
Big US firms announce over 70,000 additional job cuts
NEW YORK: US seven major business firms Monday on the first day of the week announced further relieving of over 70,000 of their employees in the wake of the global recession. Among the companies, which resorted to massive downsizing, machinery manufacturing giant firm Caterpiller topped the list by relieving of their 20,000 employees, while the […]
How Deadly Can Type A Personalities B?
by Anne Szustek The suicides of Irish developer Patrick Rocca and other high-profile businessmen show how the global recession can be particularly devastating to some type-A personalities. Mental Depression in the Face of Financial Recession On Monday, Patrick Rocca, an Irish financier, was found shot dead at his home in the posh Dublin suburb […]
“J&K to emerge on India Inc. radar for industrial investment”;
The Chief Minister, Mr. Omar Abdullah today said that he would like to package Jammu and Kashmir as a destination for industrial investment and would like to address infrastructural constraints in the sector to bring it on the radar of Indian Inc. The Chief Minister was addressing a jam-packed press conference at Banquet Hall, here […]
End of the strike by truckers
The truckers in pune have called of the long strike on saturday.Duttatraya Halande, president of the Pune District Transporters Association,has said that they have called off the strike as the minister,Ajit Pawar , has promised to sort out the problems at the local level. Pawar had a meeting with the association members on Saturday where […]
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