Shrinks

MUMBAI: Private life insurance companies recorded a 10% annual premium equivalent (APE) growth in May, following a stagnant April, even as Life Insurance Corporation (LIC) recorded a 6% decline. In absolute terms, SBI Lifeand HDFC Life…

The euro area suffered the mildest possible recession during the winter after Russia’s war in Ukraine sent energy prices soaring. The outcome will come as a blow after politicians and European Central Bank officials said…

Two consecutive quarters of decline constitute a technical recession.This follows a drop of 0.5 per cent in Europe's biggest economy during the last quarter of 2022New figures show the German economy suffered an unexpected dip in the first…

CHENNAI/ BENGALURU: The IT services sector is slowing down on real estate absorption due to a combination of weakening business, adoption of a hybrid work model, and re-allocation of talent to tier-2 satellite offices. However, that slack…

Economists said high inflation hit consumer spending, with prices in April 7.2% higher than a year ago. Photo: rawpixel.com New figures show the German economy suffered an unexpected dip in the first quarter of this year, putting the…

BERLIN: The German economycontracted in the first quarter of 2023 compared with the previous three months, thereby entering recession, data from the statistics office showed on Thursday.Gross domestic product fell by 0.3% for the quarter…

Germany's economy shrunk slightly in the first quarter of 2023 compared with the previous three months, thereby entering a technical recession, data showed on Thursday. A preliminary estimate had shown gross domestic product (GPD) …

While most people have chosen to avoid wearing VR and AR headsets for one-on-one group chats, Google's Project Starline envisions some sort of happy medium between corporate Zooms and a future of floating holograms. The glasses-free 3D…

MADRID : Spain's professional soccer clubs reduced their losses in 2021-22 by more than six times to 140 million euros ($155 million) as revenues rose some 23 per cent, largely recovering from the impact of the COVID-19 pandemic, LaLiga…

SEOUL : South Korea's factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey showed on Tuesday, underlining the weak global demand conditions that continue to undercut the…