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Global stocks set for a correction as rally fizzlesGlobal stocks have recovered by more than 90% from the troughs hit during the first wave of the COVID-19 pandemic, according to the MSCI wo...- Sony Ericsson to cut 2,000 jobs after lossesSony Ericsson would cut 2,000 more jobs after it swung to loss of $384mn in 1st Q of yr.
- Volvo Group reports big loss but share price soarsSwedish truck maker Volvo Group on Friday reported a net loss in the fourth quarter in the face of crumbling demand, which it said would re...
- Apple, Nokia battle slump in handset martThe mobile-phone market is moving away from mid-tier handsets as the global economic slump prompts some consumers to trade down to cheaper ...
- Volvo cuts 850 more jobs at construction unitSweden's Volvo AB said on Thursday it planned to slash 850 more jobs at its construction equipment unit because of a slowdown in the market.
- STMicro, Ericsson in tie-up for semi-conductors, mobile platformsFrench-Italian group STMicroelectronics and Sweden's Ericsson announced Wednesday a 50-50 joint venture merging their semi-conductor and mo...
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