Tag Archives: recession fears

Japan Economy Officially In Recession

Japan , the world’s second-largest economy is in a recession officially.

Japans gross domestic product has fallen by 0.4 percent this year, pushing Japan into its first recession since 2001.

Japan joined Germany and Italy on the list of major economies that are now officially in recession.

The last time Japan fell into recession was in 2001 after the Internet bubble burst.

U.S. loses 80,000 Jobs, Unemployment Rate Jumps to 5.1 Percent

The U.S. economy shed 80,000 jobs in March 2008, the U.S. Labor Department announced Friday — the unemployment rate rose to the highest level since September 2005, pointing to an economy that may already be in a recession.

The unemployment rate rose from 4.8 to 5.1 percent in March according to the Department of Labor reports.

Emerging markets helps Coca-Cola growth

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Coca-Cola‘s quarterly sales in North American restaurants and other food service outlets declined 3 % due to economic pressures and recession fears.

But, Coke had seen its highest growth since 1998, with strong growth in emerging markets including (BRIC Countries )China, India, Russia and Brazil.

Yahoo India asks 45 employees in Bangalore to quit

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Following IBM and TCS, Yahoo India, asked 45 employees in Bangalore to quit. Yahoo India claimed that it was a routine process and more poor performers would be sacked from the job.

Yahoo! India R&D operations have a total headcount of 1,500 in Bangalore. Job cuts were primarily in the R&D division.