Articles about Recession

Techie the most recession-proof job

Want to survive the next global financial meltdown without being forced to trade your shoes for food? Well, you'd be safest to get a job in tech. Since 2002, the most "recession-proof" job has been the tech sector, with the total wage bill having risen 82 per cent to £32bn in 2013, as more folk flocked to get jobs in the …
Kat Hall, 10 Feb 2016

Big trouble in big China: Crashing economy in Middle Kingdom body slams US tech stocks

The Dow Jones Industrial Average shed more than 1,000 points in the first few minutes of trading on Monday, as the effects of China's economic woes spilled over onto Wall Street. China's Shanghai Composite index plummeted by 8.7 per cent – its biggest one-day drop since the global financial crisis of 2007 – sending waves into …
Neil McAllister, 24 Aug 2015

So why the hell didn't quantitative easing produce HUGE inflation?

Worstall @ the Weekend There's two simple answers to the question of why quantitative easing (QE) didn't set off some massive burst of inflation (to answer commentard Gordon 10's question posted here). The first being that it did, the second being that some people, fortunately this time the people running the central banks, got their economics right …
Tim Worstall, 7 Jun 2015
Stained glass angels

Cisco COO: 'I actually thank God that we had a crisis'...

Cisco's chief operations chappie has a heart of gold: Gary Moore has thanked the big man upstairs - not his boss - for the economic meltdown that forced it to send thousands of workers to the scrap heap. In summer 2011, the networking giant was getting sweaty under the collar about dragging its costs more in line with revenues …
Paul Kunert, 5 Jun 2014

2012 in the channel: The year we sold EVERYTHING as a service

Few people would argue that this year has been one of very big highs and lows. From a personal perspective, 2012 will be remembered for the Olympics and Ryder Cup (great), weather (expletive deleted!) and the continued challenges of the economy, especially in the Eurozone. It’s been pretty interesting in the IT space too. We' …
Mike Rodwell, 17 Dec 2012

Western Digital cuts revenue forecast, cites 'muted demand'

Storage megacorp Western Digital dropped a bomb on its investors – and the entire computer industry – by announcing that it was lowering its revenue projections for its first fiscal quarter, which will end on September 28. That quarter, the company said in a press release on Thursday, will now see revenues of between $3.9 …
Rik Myslewski, 14 Sep 2012
ISC Compucolor II. Source: Oldcomputers.net

Even China can't halt PC sales decline

The powerhouse of the global PC market, the Asia Pacific region, has finally succumbed to economic volatility in other regions with Q2 shipments set to decline, according to analysts. IDC’s latest forecast for the period put shipments in the region (excluding Japan) at 30.7 million units, down one per cent from the same time …
Phil Muncaster, 20 Jul 2012
The Register breaking news

Official: Britain staggers into double-dip recession doom

Britain has slipped back into recession, preliminary figures released by the Office of National Statistics showed this morning. The UK economy shrank by 0.2 per cent in the first quarter of 2012. That's the second consecutive GDP nosedive, which technically means fears of the country falling into a double-dip recession have …
Kelly Fiveash, 25 Apr 2012
The Register breaking news

The cure for US job woes: More immigrants

Radically increasing the number of immigrants – from the highly skilled professional to the seasonal agricultural field hand – is the solution to the US economy's dismal inability to create jobs. That's the conclusion of a new study released not by what one rabid right-wing fulminator dubs "red diaper doper babies", but by the …
Rik Myslewski, 16 Dec 2011
channel

Tech firm deals collapse on fears of double dip

Tech M&A activity across Europe dropped by one-fifth in November compared to the previous month amid biting concerns over the state of the economy and a potential slide into a second recession. According to market voyeurs Regent Partners, the 20 per cent fall was accompanied by a continued fall in the value of deals on the …
Paul Kunert, 8 Dec 2011
The Register breaking news

Give Osborne a shovel: UK economy stuck in deep hole

The "debt storm" currently circling above the Eurozone is to blame for the gloomy state of the British economy, said the Chancellor of the Exchequer George Osborne, who delivered his autumn statement to the House of Commons today. "Borrowing is falling, debt will come down, it's not happening as quickly as we wished... but we …
Kelly Fiveash, 29 Nov 2011
The Register breaking news

Chancellor to raid pensions, Whitehall to revamp UK broadband

The Chancellor of the Exchequer is expected to deliver a gloomy autumn statement to MPs tomorrow when he will unveil the Treasury's gambit to boost the economy by pumping £30bn into the UK's ageing infrastructure - which includes more cash for broadband. To do that, cuts of around £5bn are planned for Whitehall and George …
Kelly Fiveash, 28 Nov 2011
The Register breaking news

More high-tech firms 'will merge to escape financial risk'

Nearly half of high-tech firms are still at risk of financial distress after the recession, prompting the latest spate of mergers, acquisitions and downsizing, according to AlixPartners. The business advisory firm said that 44 per cent of companies face the likelihood of default or bankruptcy in the next two years if they don' …
The Register breaking news

UBS tells IT contractors: Take a 10% pay cut ... or 100%

UK contract IT staff at Swiss bank UBS have been given the choice of taking a 10 per cent pay cut or receiving four weeks' notice. UBS informed outsourced workers that due to the current economic climate, it had decided to reduce rates and those who did not want to accept the new rates would be let go, with some given less …
The Register breaking news

CA inks £45m Tesco IT deal

Supermarket behemoth Tesco has announced that US-based CA Technologies will take care of its IT network across the whole group. As well as your fruit and veg and the like, the £45m deal will see CA cast its eye over Tesco Group luminaries including Tesco Bank, Tesco Mobile and Tesco.com. The company will manage and monitor " …
Cat 5 cable

NetApp misses revenue goal

NetApp made a reduced profit in its first fiscal 2012 quarter, reflecting a sudden US sales drop-off attributed to public sector and financial services buying slowdowns. Revenues for the quarter, which finished on 29 July, were $1.458bn: a healthy 26 per cent increase on the $1.154bn seen a year ago but lower than the Street's …
Chris Mellor, 18 Aug 2011
hands waving dollar bills in the air

Fraud a growth sector as UK economy stalls

Fraud is staging a come back in the channel as crims gamble on the desperation of some fretful business owners in the harsh economic climate. Stats from credit reference agency Graydon UK reveal a massive spike in fraud attempts, up 130 per cent for the first five months of 2011 to 214 cases, with company hijacking and cloned …
Paul Kunert, 27 Jul 2011
The Register breaking news

Chambers of Commerce say UK recovery is weak

The UK's economic recovery remains weak and the Coalition has failed to tackle the underlying reasons. The British Chambers of Commerce surveyed 6,600 of its members and found efforts to move the economy towards increasing exports has failed. Although manufacturers are having more luck with exports than with domestic sales, …
John Oates, 11 Jul 2011

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