2009 Crisis
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Nike To Slash Over 1,600 Jobs To Cut Costs As Demand Weakens
Companies announced plans to cut 82,307 positions last month, up 136% from December and the second-most of any in January since the aftermath of the financial crisis in 2009, according to Challenger, Gray, and Christmas
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Covid Cost 4 Times More Jobs Than 2009 Financial Crisis: UN
The coronavirus pandemic took a huge toll on global jobs last year, the United Nations said Monday, with the equivalent of more than a quarter of a billion lost.
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Hong Kong's Foreign Exchange Intervention Highest Since 2009 Crisis
Capital has flown into the Asian financial hub in 2020, initially due to comparatively high interest rates, and subsequently attracted by a series of large initial public offerings, analysts said.
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CBI Summons Ex Manipur Chief Minister Amid Political Crisis In State
The CBI has summoned Congress leader and former Manipur Chief Minister O Ibobi Singh for questioning on Wednesday in the Rs 332-crore alleged misappropriation of development funds between 2009 and 2017, when he was the chairman of the Manipur Development Society, officials said.
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US Economy Sheds 7 Lakh Jobs In March Amid Coronavirus Crisis
March recorded worst job loss since March 2009 during the depths of the global financial crisis.
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With 194 New Cases, COVID-19 Count Crosses 900-Mark: 10 Points
India saw the highest jump in coronavirus or COVID-19 cases on Saturday with 194 patients testing positive for the highly contagious illness in different parts of the country. The total is now 918, which includes 19 deaths, according to the Union Health Ministry. A vaccine is still at least 12 to 18 months away, the World Health Organization has sa...
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RBI Cuts Rates, Allows 3-Month Pause On EMIs To Offset Coronavirus Impact
Reserve Bank of India (RBI) Governor Shaktikanta Das slashed the key lending rate by 75 basis points (0.75 percentage point) in an emergency move on Friday, to counter the economic fallout from the fast-spreading coronavirus pandemic. The move came after an unscheduled meeting of the Shaktikanta Das-headed Monetary Policy Committee, which was origi...
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The Crisis That Shattered India's Economic Dreams
A sprawling 1,063-acre property development located in Noida, just outside New Delhi, Wish Town was supposed to give would-be home buyers sparkling shopping malls, pristine golf courses and modern medical clinics. Apartments that should have been delivered by 2012 were billed in the media as "global homes with an Indian address."
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Teacher's Crisis In India: 11 Lakh Untrained Teachers In Workforce
The lack of teachers is not just unfair but also a violation of the Right to Education Act of 2009 which states that every child has a right to full time elementary education of satisfactory and equitable quality in a formal school which satisfies certain essential norms and standards.
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Saudi Economic Pain Tests Crown Prince's Resolve For Change
The drop in crude prices is making economists more skeptical about whether some of the plan's medium-term targets can be met.
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Retail Push Helps Equity MFs Add 34 Lakh Folios in FY'16
Prior to 2014-15, the equity MF sector had seen a continuous closure of folios since March 2009, following the global financial crisis in late 2008. Since March 2009, asmany as 1.5 crore folios were closed.
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Oil Steadies After Hitting 2009 Lows, More Pressure Seen
Oil prices steadied on Tuesday but not before plumbing new lows seen during the 2009 financial crisis as an intensifying supply glut sparked fears the world will run out of storage for crude.
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US Oil Falls Towards $40 on Global Glut
US crude oil prices fell to almost $40 per barrel on Thursday, their lowest since the global financial crisis of 2009, as supplies rose in North America and the Middle East, filling stockpiles to record levels.
-
Deal or No Deal, Iranian President Faces Headaches at Home
Iran's president has been pursuing a nuclear agreement for two years but even if a deal is reached Hassan Rouhani and his government will soon face mounting political pressure at home.
-
China Posts Slowest Growth Since Global Crisis, More Stimulus Expected
With a faltering property market increasingly dragging on manufacturing and investment, the reading was the slowest for the world's second-largest economy since early 2009, when the growth rate tumbled to 6.6 per cent.
-
Nike To Slash Over 1,600 Jobs To Cut Costs As Demand Weakens
Companies announced plans to cut 82,307 positions last month, up 136% from December and the second-most of any in January since the aftermath of the financial crisis in 2009, according to Challenger, Gray, and Christmas
-
Covid Cost 4 Times More Jobs Than 2009 Financial Crisis: UN
The coronavirus pandemic took a huge toll on global jobs last year, the United Nations said Monday, with the equivalent of more than a quarter of a billion lost.
-
Hong Kong's Foreign Exchange Intervention Highest Since 2009 Crisis
Capital has flown into the Asian financial hub in 2020, initially due to comparatively high interest rates, and subsequently attracted by a series of large initial public offerings, analysts said.
-
CBI Summons Ex Manipur Chief Minister Amid Political Crisis In State
The CBI has summoned Congress leader and former Manipur Chief Minister O Ibobi Singh for questioning on Wednesday in the Rs 332-crore alleged misappropriation of development funds between 2009 and 2017, when he was the chairman of the Manipur Development Society, officials said.
-
US Economy Sheds 7 Lakh Jobs In March Amid Coronavirus Crisis
March recorded worst job loss since March 2009 during the depths of the global financial crisis.
-
With 194 New Cases, COVID-19 Count Crosses 900-Mark: 10 Points
India saw the highest jump in coronavirus or COVID-19 cases on Saturday with 194 patients testing positive for the highly contagious illness in different parts of the country. The total is now 918, which includes 19 deaths, according to the Union Health Ministry. A vaccine is still at least 12 to 18 months away, the World Health Organization has sa...
-
RBI Cuts Rates, Allows 3-Month Pause On EMIs To Offset Coronavirus Impact
Reserve Bank of India (RBI) Governor Shaktikanta Das slashed the key lending rate by 75 basis points (0.75 percentage point) in an emergency move on Friday, to counter the economic fallout from the fast-spreading coronavirus pandemic. The move came after an unscheduled meeting of the Shaktikanta Das-headed Monetary Policy Committee, which was origi...
-
The Crisis That Shattered India's Economic Dreams
A sprawling 1,063-acre property development located in Noida, just outside New Delhi, Wish Town was supposed to give would-be home buyers sparkling shopping malls, pristine golf courses and modern medical clinics. Apartments that should have been delivered by 2012 were billed in the media as "global homes with an Indian address."
-
Teacher's Crisis In India: 11 Lakh Untrained Teachers In Workforce
The lack of teachers is not just unfair but also a violation of the Right to Education Act of 2009 which states that every child has a right to full time elementary education of satisfactory and equitable quality in a formal school which satisfies certain essential norms and standards.
-
Saudi Economic Pain Tests Crown Prince's Resolve For Change
The drop in crude prices is making economists more skeptical about whether some of the plan's medium-term targets can be met.
-
Retail Push Helps Equity MFs Add 34 Lakh Folios in FY'16
Prior to 2014-15, the equity MF sector had seen a continuous closure of folios since March 2009, following the global financial crisis in late 2008. Since March 2009, asmany as 1.5 crore folios were closed.
-
Oil Steadies After Hitting 2009 Lows, More Pressure Seen
Oil prices steadied on Tuesday but not before plumbing new lows seen during the 2009 financial crisis as an intensifying supply glut sparked fears the world will run out of storage for crude.
-
US Oil Falls Towards $40 on Global Glut
US crude oil prices fell to almost $40 per barrel on Thursday, their lowest since the global financial crisis of 2009, as supplies rose in North America and the Middle East, filling stockpiles to record levels.
-
Deal or No Deal, Iranian President Faces Headaches at Home
Iran's president has been pursuing a nuclear agreement for two years but even if a deal is reached Hassan Rouhani and his government will soon face mounting political pressure at home.
-
China Posts Slowest Growth Since Global Crisis, More Stimulus Expected
With a faltering property market increasingly dragging on manufacturing and investment, the reading was the slowest for the world's second-largest economy since early 2009, when the growth rate tumbled to 6.6 per cent.
