Channel chiefs and economists have warned that while GFC2 might not be upon us, business confidence is about to get a buffeting.

Federal Treasurer Wayne Swan remains on course to preside over the first Labor government budget surplus since Bob Hawke was returned for a fourth time as prime minister in 1990.

A softer than expected retail sales result suggests the economy is not as robust as first thought as consumers remain reluctant to open their wallets, according to economists.

Computer industry bellwether Hewlett-Packard reported a three per cent drop in revenue as its major lines of business continued to be hammered by the global recession.

The current recession is almost the opposite of the 2001 downturn for Cisco Systems because of permanent cost-cutting and the company's move into new technologies and markets, Chairman and CEO John Chambers said Monday.

Online targeted advertising and the collection of consumer data are the fuel of Internet commerce, not the major privacy problems described by some advocates and U.S. lawmakers, according to a new paper.

IT managers have canceled outright fewer client computing projects during the recession than expected, preferring instead to postpone or scale them back, according to a Gartner Inc. survey of 475 IT administrators at large companies in nine countries.

Growth will have to come from higher productivity and innovation when the economy begins to recover, Microsoft CEO Steve Ballmer told developers gathered Wednesday in Hyderabad for the company's India edition of the Tech Ed conference.

Westcon Group veteran CFO, John O’Malley, made his fi rst visit to Australia this month for the local management kick-off. He spoke to NADIA CAMERON about the role of distribution and tackling the dour economic climate.

IT professionals asked to do more work for less pay and fewer benefits might be able to forgive their employers' financial choices, but industry watchers say high-tech workers won't soon forget being treated poorly during the most recent economic recession and will look to find other employment opportunities as soon as the recovery gets under way.