A national lockdown began on March 25 and has continued in various phases into the month of June, albeit with significant easing of restrictions since early May.
Dan Yergin of IHS said: "The message that we heard last week from the Saudi Minister, Ali Naimi was that they are not going to do it by themselves; so I think whats coming out of Moscow over the last 24 hours is particularly significant because now Vladamir Putin is on board."
The ongoing economic slowdown, which some believe could likely balloon into a full blown crisis in the near future, is structural in nature and dates back to 2000, says Nariman Behravesh, Chief Economist at IHS.
Conventional thinking then was that the US oil patch would be littered with bankruptcies, and production would collapse.
Apple spends USD 236 to make each iPhone 6s Plus device, which it sells for over three times that value at USD 749—a 217.4 percent markup that highlights the tech giant's ability to dominate the premium market while other smartphone makers struggle.
Watch the interview of Nariman Behravesh, Chief Economist at IHS with Surabhi Upadhyay on CNBC-TV18, in which he shared his reading and outlook on US Jobs number.
According to Bharti, the agreement will allow the telecom major to focus on its core business and customers, enable it to deleverage through debt reduction, and will significantly reduce its on-going capital expenditure on passive infrastructure in these African markets.
Watch the interview of Nariman Behravesh, Chief Economist at IHS with Menaka Doshi on CNBC-TV18, in which he spoke about the US jobs data.
IHS Chief Economist Nariman Behravesh says the emerging markets are going to have a tough time ahead. They need to think about structural reforms, removing subsidies, making their economies more competitive and more productive.
The study focused on autonomous cars, which can drive with "no attention needed by the driver," IHS analyst Egil Juliussen said. Such cars are not currently available for sale, but IHS predicts they will be available around 2025.
Winds of up to 90 mph (145 kph) hit both sides of the Channel, killing at least three people, as heavy downpours caused rivers to flood, traffic bottlenecks, and rail, flight and ferry services to be cancelled.
Nariman Behravesh, Chief Economist, IHS spoke to CNBC-TV18 on the US economy and what to expect from the Federal Open Market Committee (FOMC), next week.
The demise of the PC industry's hegemony in the DRAM market reflects a broader trend throughout the electronics business, spurred by the arrival of the post-PC era.
If you are looking at China`s monthly manufacturing data to gauge the strength of the recovery in the world`s second largest economy there are three "key thresholds" you should monitor, says one economist.
David Hartwell, Middle East Analyst, IHS Inc, says that the ceasefire has been thrown into doubt early by the continued Israeli operations in Gaza. Israel‘s reaction to bus bombing this morning will decide how the ceasefire talks will move.
Goldman Sachs has cut its 2011 GDP growth forecast for China. The bank downgraded its view to 9.4% from the earlier 10% for this year. Todd Lee, Chief Economist–China at IHS spoke to CNBC-TV18's Menaka Doshi on what he makes of Goldman Sachs' downward revision and what it means for the rest of the globe if China is slowing down as anticipated.
The world is gearing up to deal with the US budget, which comes just before the Indian Budget, and President Barack Obama has a tough task at hand. In his balancing act, which is tougher than Indian finance minister Pranab Mukherjee's job.