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

Become a contributor

Bookmark Econotimes

Business

Mon, Dec 22, 2025 02:38 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Volkswagen Challenges India’s $1.4B Tax Demand in Court

Feb 03, 2025 06:15 am UTC| Business Law

Volkswagen has filed a lawsuit against Indian authorities to contest a $1.4 billion import tax demand, calling it impossibly enormous and contradictory to New Delhis import rules. The case, filed by Skoda Auto Volkswagen...

OpenAI Launches Deep Research Mode to Revolutionize AI-Powered Internet Research

Feb 03, 2025 06:15 am UTC| Technology Business

OpenAI has introduced a groundbreaking feature for ChatGPT called Deep Research, designed to perform complex, multi-step internet research. Announced during a livestream, this advancement pushes AI closer to agentic AI,...

Japan’s Factory Activity Slumps to 10-Month Low Amid Weak Demand

Feb 03, 2025 06:15 am UTC| Business

Japans manufacturing sector contracted at its fastest pace in 10 months in January, reflecting sluggish demand and mounting economic pressure. The final au Jibun Bank Japan Manufacturing PMI dropped to 48.7, down from...

Crypto Prices Drop as Trade War Fears Shake Investor Confidence

Feb 03, 2025 06:13 am UTC| Business Digital Currency

Cryptocurrency prices plunged as global trade tensions rattled investors, prompting them to flee risky assets. Bitcoin slid over 4% early Monday in Asia, hitting a three-week low near $96,606, while Ethereum tumbled 12%,...

Trump’s Tariffs on Canadian and Mexican Oil to Drive Up U.S. Gas Prices

Feb 02, 2025 08:26 am UTC| Economy Business

U.S. consumers can expect higher fuel prices following President Donald Trumps decision to impose tariffs on Canadian and Mexican oil. Analysts warn that the move, aimed at pressuring U.S. neighbors to curb illegal...

Reliance Retail Launches Shein App in India After Five-Year Ban

Feb 02, 2025 08:25 am UTC| Business

Reliance Retail has introduced the Shein India Fast Fashion app, marking Sheins return nearly five years after its ban in India. The launch, which occurred without an official announcement, comes under a licensing deal...

Bill Ackman Moves Pershing Square to Nevada Amid Shift Away from Delaware

Feb 02, 2025 02:32 am UTC| Business Law

Billionaire investor Bill Ackman announced that his investment firm, Pershing Square, is reincorporating in Nevada, signaling a broader trend of businesses moving away from Delaware. Ackman confirmed the decision on X,...

381 382 383 384 385 386 387 388 389 390

Economy

Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten

Platinum prices surged sharply at the start of the week, rallying more than 4.6% on Monday to break above the $2,000 per ounce level for the first time since 2008. The move marks a 17-year high for the precious metal and...

U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise

The U.S. dollar edged lower on Monday after posting modest gains last week, as cautious market sentiment and rising geopolitical tensions weighed on risk appetite. Currency markets remained largely subdued in Asia, showing...

Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks

U.S. coffee drinkers hoping for cheaper coffee after President Donald Trump rolled back key import tariffs are likely to be disappointed. While the tariff reductions removed duties on hundreds of food items, including...

UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile

The British economy recorded modest growth in the third quarter of 2025, expanding by 0.1% between July and September, according to the latest confirmation from the Office for National Statistics (ONS). The final GDP...

German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025

German exports to the United States recorded a significant downturn in 2025, underscoring the lasting impact of U.S. trade policies on Europes largest economy. According to a study cited by Reuters, German car exports to...

Politics

Kremlin Rejects U.S. Intelligence Claims on Putin’s Alleged Plans to Expand War Beyond Ukraine's

The Kremlin has firmly rejected claims attributed to U.S. intelligence suggesting that Russian President Vladimir Putin intends to seize all of Ukraine and potentially reclaim parts of Europe that were once under Soviet...

Trump Appoints Louisiana Governor Jeff Landry as Special Envoy to Greenland

U.S. President Donald Trump announced on Sunday that Louisiana Governor Jeff Landry has been appointed as a special envoy to Greenland, a move that has reignited global attention on the strategic Arctic territory and its...

ASEAN Pushes to Revive Thailand–Cambodia Ceasefire as Border Conflict Intensifies

Southeast Asian foreign ministers convened in Malaysia on Monday in a renewed diplomatic effort to restore a fragile ceasefire between Thailand and Cambodia after nearly two weeks of intense border fighting. The conflict,...

NSW Parliament Recalled After Bondi Beach Shooting to Debate Stricter Gun Laws and Protest Limits

Australias New South Wales state parliament was recalled on Monday for an urgent two-day session to debate proposed new laws that would significantly tighten firearm ownership, ban the public display of terror symbols, and...

U.S. Coast Guard Pursues Sanctioned Oil Tanker Near Venezuela Amid Rising Geopolitical Tensions

The U.S. Coast Guard is actively pursuing a sanctioned oil tanker in international waters near Venezuela, according to U.S. officials cited by Reuters, marking what could become the third such operation in less than two...

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

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...