The U.S. economic outlook has "clearly" deteriorated this year, and "conditions still aren't much different from an economy still in recession," Chicago Fed President Charles Evans said.
The UK should find the right balance between risk and safety, or risk a hemorrhaging of business out of London, Lord Peter Levene, chairman of insurance giant Lloyd's of London chairman warned in a speech late on Tuesday.
The consumer electronics market in Western Europe will recover in the second half of 2011 from the significant deterioration it witnessed in the first six months, when sales declined by 11.3 percent year-on-year, market research company GfK said in a new report.
Technology companies are incorporating 3D technology into an ever-expanding array of devices, including camcorders, television sets and home cinemas. But the glasses still look nerdy and consumers have so far been reluctant to bring the technology into their homes.
Ever wondered what your home might look like in 10 years’ time? Will it be cleaned by robots and run by computers? Will your fridge go online to allow you to discuss dinner plans with your spouse or instruct it to do the shopping?
Japan's earthquake and tsunami triggered a “change in people’s relation with energy,” Toshiba CEO Masaaki Osumi told delegates at the IFA technology fair on Friday.
With economic growth slowing in Europe and hopes of a recovery in the second half of 2011 dashed, investors should focus on value stocks and move from cyclical areas into more defensive areas which offer high dividend yields, Nigel Bolton, head of European equities at BlackRock told CNBC.
UK households saw their finances deteriorate faster than during the height of the recession in 2009 in August, a survey showed on Monday, in a sign that the economic recovery remains fragile in the country as prices rise and incomes fall.
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