Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Business

Thu, Jan 01, 2026 10:50 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Itochu acquires master license rights for LLBean in Japan

Dec 14, 2022 23:28 pm UTC| Business Economy Life

Itochu Corp has acquired the master license rights for the US fashion label LLBean in Japan and the whole sales rights for the brands imported products. The agreement requires Itochu to appoint Minoya Co for product...

Hindustan Unilever enters health and well-being industry

Dec 14, 2022 23:27 pm UTC| Life Economy Business

Hindustan Unilever (HUL) will invest in Zywie Ventures (OZiva) and Nutritionalab (Wellbeing Nutrition) to enter the health and well-being business category. Unilevers Indian subsidiary will initially acquire a 51...

Fonterra and Nestlé to sell joint venture in Brazil for $133 million

Dec 14, 2022 23:27 pm UTC| Life Economy Business

Fonterra and Nestlé will sell their Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for $133 million, subject to closing transaction adjustments. The deal is expected to be...

Asahi to boost sales of non-alcoholic, low-alcohol beverages

Dec 14, 2022 23:26 pm UTC| Economy Business Investing Life Health

Asahi Group Holdings would begin making minority investments in US start-ups from January 2023 through its Asahi Group Beverages Innovation Fund which will open up new markets for low-alcohol and non-alcohol...

Korea’s Pulmuone secures deal to supply plant-based food products to 18 universities in the US

Dec 14, 2022 07:15 am UTC| Business Economy

Pulmuone, a South Korean plant-based food manufacturing giant, has expanded its partnership with UMass Dining. It was agreed in the expansion deal that Pulmuone would be supplying plant-based products to 18 university...

Starbucks Korea to inaugurate unique theatre-inspired ‘Kyungdong 1960’ store to rekindle traditional marketplace vibe

Dec 14, 2022 06:55 am UTC| Business Economy

Starbucks Korea is set to open its newest store in Seoul, South Korea, and it is another unique outlet that highlights the nations culture. The Korean unit of the global coffee chain brand named the store Kyungdong 1960 as...

Nestlé investing over $42M to open new facility in Ukraine amid the war

Dec 14, 2022 06:33 am UTC| Business Economy

Nestlé is investing 40 million Swiss francs or $42.88 million in opening a new production plant in the western part of Ukraine. The Nescafe coffee maker revealed this plan earlier this week. With this move,...

1701 1702 1703 1704 1705 1706 1707 1708 1709 1710

Economy

China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry

China will impose an additional 55% tariff on beef imports that exceed newly set quota levels starting January 1, 2026, as part of safeguard measures aimed at protecting its domestic cattle industry. The policy will apply...

Trump Delays Tariff Increases on Furniture and Cabinets for One More Year

U.S. President Donald Trump signed a proclamation on Wednesday to delay planned tariff increases on upholstered furniture, kitchen cabinets, and bathroom vanities for an additional year, according to a statement from the...

USDA $12 Billion Farm Aid Program Draws Mixed Reactions from Row Crop Farmers

The U.S. Department of Agriculture (USDA) has released new details on a $12 billion farm aid program aimed at supporting American farmers struggling with low crop prices and ongoing trade disputes. While the initiative is...

Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy

Two of Japans most influential business lobbying groups have called on the government to address the prolonged weakness of the yen, warning that the depreciating currency is driving up import costs, fueling inflation, and...

South Korea Exports Hit Record High as Global Trade Momentum Builds

South Koreas exports surged for a seventh straight month in December, closing out 2025 at an all-time high and surpassing the $700 billion mark for the first time, according to official government data released on...

Politics

Zohran Mamdani Sworn In as New York City Mayor in Historic New Year Ceremony

Zohran Mamdani was sworn in as the new mayor of New York City just minutes into the New Year, marking the beginning of a historic and closely watched administration. The midnight oath-taking took place at the long-closed...

Trump Administration Cancels National Links Trust Lease for Washington Public Golf Courses

The Trump administration has canceled a long-term lease held by the nonprofit National Links Trust (NLT) to manage three major public golf courses in Washington, D.C., a move that has sparked controversy and raised...

Trump Administration Lifts Sanctions on Three Intellexa-Linked Executives

The administration of President Donald Trump has lifted U.S. sanctions on three executives previously linked to the controversial spyware consortium Intellexa, according to a notice published on the U.S. Treasury...

U.S. Intelligence Disputes Russia’s Claim of Ukrainian Drone Attack on Putin

U.S. national security officials have concluded that Ukraine did not attempt to assassinate Russian President Vladimir Putin or target one of his residences in a recent drone incident, according to a Wall Street Journal...

Pentagon Awards $328.5 Million Lockheed Martin Contract to Support Taiwan Air Force Amid Rising Tensions

The United States Department of Defense announced on Wednesday that Lockheed Martin has been awarded a major contract tied to foreign military sales to Taiwan, aimed at addressing what Washington describes as an urgent...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026

Google (NASDAQ: GOOGL) is preparing for a major expansion of its AI infrastructure in 2026 as it moves its seventh-generation Tensor Processing Unit (TPU), known as Ironwood, into mass deployment. This next phase marks a...

Neuralink Plans Automated Brain Implant Surgeries and Mass Production by 2026

Elon Musks brain-computer interface startup Neuralink is preparing for a major expansion, with plans to begin high-volume production of its brain implant devices and transition to fully automated surgical procedures in...

SoftBank Completes $41 Billion OpenAI Investment in Historic AI Funding Round

SoftBank Group has officially completed a massive $41 billion investment in OpenAI, marking one of the largest private funding rounds in global technology history. The deal gives the Japanese conglomerate an estimated 11%...

Elon Musk’s xAI Expands Supercomputer Infrastructure With Third Data Center to Boost AI Training Power

Elon Musk announced on Tuesday that his artificial intelligence startup, xAI, has acquired a third building to further expand its computing infrastructure, signaling a major step in the companys effort to compete with...

ByteDance Plans Massive AI Chip Spending Boost as Nvidia Demand Grows in China

Chinas technology giant ByteDance is preparing to significantly ramp up its artificial intelligence investment, with plans to spend about 100 billion yuan (approximately $14 billion) on AI chips in 2026, according to a...