The Complete story of Who benefited and who lost in this recession

global-economyA look at economic developments around the globe

A look at economic developments and stock market activity around the world Thursday:

TOKYO — Electronics giant Sony Corp. reported its first annual net loss in 14 years and forecast a bigger loss this year, saying the pressure from sliding sales, competition in gadget prices and a strong yen was expected to continue. Meanwhile, Sanyo Electric Co., which is being acquired by larger Japanese rival Panasonic Corp., reported an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small profit this fiscal year.

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Hundreds of pro-Tamilian Activists Attacked Indian High Commission in London

LONDON - Hundreds of Tamilian activists have smashed all the windows of the Indian High Commission (also known as India House) in Aldwych, London after staging a noisy protest outside the building. Five pro-Tamil protesters have reportedly been taken into custody.

Over 400 protesters have been demonstrating outside the Indian High Commission since 8 a.m. local time, shouting anti-India slogans and condemning New Delhi for not pressuring the Sri Lankan Government to halt its hostilities against the rebel Liberation Tigers of Tamil Ealam (LTTE). According to some television channel reports, the number of protesters outside the mission was closer to 3000.

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Somali pirates holding 300 sailors captive: Russian report

MOSCOW - More than 300 sailors are being kept hostage by Somali pirates, who have dealt a severe blow to busy shipping routes off the country, a Russian maritime news website said Wednesday.

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CRM Software (ZOHO CRM) Goes Ajax

AdventNet, network management software provider, announced the release of Zoho CRM, a "cost-effective and easy to deploy" web-based customer relationship management solution targeted for mid-sized businesses. It uses AJAX technology to significantly enhance its user interface. Finally a CRM software adopts ajax technology.

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