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

Become a contributor

Bookmark Econotimes

Business

Thu, Jan 01, 2026 10:48 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

AmorePacific Group names new company presidents

Dec 13, 2022 09:17 am UTC| Business Economy

AmorePacific Group announces leadership changes in the company after appointing new chief executive officers for its holding company and AmorePacfic flagship affiliate. The South Korean beauty and cosmetics company that...

Cryptocurrency: Terraform Labs' Do Kwon hiding in Serbia, South Korean media report

Dec 13, 2022 09:00 am UTC| Business Economy

Terraform Labs co-founder, Do Kwon, is reportedly hiding in Serbia, and this report comes after almost three months since Interpol issued a red notice for him. Local media outlets in South Korea said that the prosecution...

MacBook Air and iPad Pro with OLED displays could still launch in 2024

Dec 13, 2022 08:45 am UTC| Technology Business

Apple could transition to using OLED displays for its key products, apart from iPhones, by 2024, starting with three devices. Those products are expected to be a new MacBook Air and new iPad Pros. Display industry...

Stellantis announces plans to shutter its Illinois plant, over 1,000 employees to lose jobs

Dec 13, 2022 08:19 am UTC| Business Economy

Stellantis automobile company said it would be closing down its plant in Illinois this coming February. The closure will result in job cuts that will affect around 1,350 workers. Stellantis cited the rising costs in the...

Thoma Bravo acquires Coupa Software for $8B

Dec 13, 2022 08:04 am UTC| Business Economy

Thoma Bravo LP said in an announcement that was released on Monday, Dec. 12, that it has agreed to buy Coupa Software for $8 billion. The acquisition deal will be paid in cash, and the American private equity and growth...

Rivian withdraws EV business deal with Mercedes-Benz

Dec 13, 2022 08:02 am UTC| Business Economy

Rivian, an American electric vehicle manufacturer and automotive technology company announced its joint venture partnership with Mercedes-Benz to build electric vans in Europe in September. However, just three months after...

New Nike Kevin Durant shoes pay tribute to New York artist Timothy Goodman

Dec 13, 2022 07:13 am UTC| Sports Life Economy Business

Brooklyn Nets forward Kevin Durants newest Nike shoes designed in collaboration with Timothy Goodman was inspired by the 1980s and pay homage to New York City. The Nike KD 15 Timothy Goodman colorway is a performance...

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...