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

Become a contributor

Bookmark Econotimes

Economy

Mon, Jan 12, 2026 10:44 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Nobel economics prize: insights into financial contagion changed how central banks react during a crisis

Oct 11, 2022 04:24 am UTC| Insights & Views Economy

Why have Diamond, Bernanke and Dybvig been awarded the prize? The works by Diamond and Dybvig essentially explained why banks exist and the role they play in the economy by channelling savings from individuals into...

Lotte Biologics allegedly stole Samsung’s trade secrets

Oct 10, 2022 10:04 am UTC| Business Economy

Lotte Biologics is reportedly accused of stealing the trade secrets of its rival, Samsung Biologics. A probe into the case was already launched by prosecutors, and officials will be especially checking into some of the...

Iwon Jeil Cha company that funded the construction of LEGOLAND Korea Resort declared bankruptcy

Oct 10, 2022 09:55 am UTC| Business Economy

Iwon Jeil Cha supported the development of Legoland Korea Resort by funding its construction. But unfortunately, now that the Disney attraction in South Korea is in operation, Iwon Jeil Cha was reported to have gone...

Rivian issues recall for almost all of its vehicle units over loose fastener

Oct 10, 2022 07:15 am UTC| Business Economy

Rivian, the Irvine, California-headquartered electric vehicle and automotive technology company, announced a recall for almost all of the pickup trucks it built. Based on the details that were posted by the U.S. National...

Cathay Pacific is facing staff shortages after losing thousands of captains and first officers, HK union claims

Oct 10, 2022 06:33 am UTC| Business Economy

Cathay Pacific Airways Ltd is the flag carrier of Hong Kong, and it is reportedly facing major staff shortages, which have never happened in a really long time. With the situation, the airline may not be able to handle the...

Elon Musk reveals PepsiCo is the first company to receive Tesla’s Semi trucks

Oct 10, 2022 06:19 am UTC| Business Economy

Teslas Semi Truck is ready to be delivered, and Elon Musk revealed that PepsiCo is the very first company to receive the long-delayed electric trucks. The beverage and snack manufacturer is set to get the very first batch...

McDonald’s starts utilizing wood utensils, paper straws in Japan

Oct 08, 2022 22:16 pm UTC| Nature Life Economy Business

McDonalds has launched a nationwide initiative to use paper straws and wooden spoons, forks, knives, and muddlers at its branches in Japan. The move is part of McDonalds global commitment to change all customer...

1191 1192 1193 1194 1195 1196 1197 1198 1199 1200

Economy

Global Smartphone Shipments Rise 2% in 2025 as Apple Leads Market, Outlook Weakens for 2026

Global smartphone shipments recorded a modest 2% year-on-year increase in 2025, signaling a gradual recovery for the mobile industry, according to a report released by Counterpoint Research. The growth was largely fueled...

Asian Currencies Hold Steady as Dollar Slips on Powell Investigation Concerns

Asian currencies traded mostly flat on Monday as the U.S. dollar weakened following news that the U.S. government had opened a criminal investigation involving Federal Reserve Chair Jerome Powell, raising fresh concerns...

Asian Stocks Edge Higher as Tech Shares Lead Gains Amid Global Uncertainty

Most Asian stock markets moved higher on Monday, led by gains in technology shares that followed a strong performance by U.S. peers, although overall advances remained limited due to rising geopolitical and macroeconomic...

Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure

Tensions between the White House and the U.S. Federal Reserve escalated sharply over the weekend after Federal Reserve Chair Jerome Powell revealed that the administration had allegedly threatened him with a criminal...

Japan Launches Deep-Sea Rare Earth Mining Mission to Reduce Reliance on China

Japan has taken a major step toward securing its supply of critical minerals by launching a groundbreaking deep-sea mining mission aimed at extracting rare earth elements from the ocean floor. A government-backed Japanese...

Politics

Marine Le Pen Appeal Puts 2027 French Presidential Race in the Balance

Marine Le Pen, the prominent leader of Frances far-right National Rally (RN), has begun a decisive appeal in Paris that could determine whether she is eligible to run in the 2027 French presidential election. The legal...

South Korea’s Lee Jae Myung Seeks Diplomatic Balance in Japan Summit Amid China Tensions

South Korean President Lee Jae Myung is set to hold a summit with Japanese Prime Minister Sanae Takaichi on Tuesday in Nara City, highlighting Seouls ongoing effort to balance relations with its two key neighbours, Japan...

Australian Arts Festival Faces Author Boycott Amid Free Speech and Antisemitism Debate

A leading Australian arts festival has been thrown into turmoil after dozens of writers withdrew in protest over the decision to bar an Australian Palestinian author following the Bondi Beach mass shooting, reigniting a...

Trump Signals Possible Veto of ACA Subsidy Extension, Raising Health Insurance Uncertainty

U.S. President Donald Trump has reignited uncertainty around the future of Affordable Care Act (ACA) health insurance subsidies after saying he may veto legislation aimed at extending federal health insurance tax credits....

South Korea Investigates Alleged Civilian Drone Flights Into North Korean Airspace

South Korean authorities have launched a formal investigation into the possibility that civilians may have flown drones into North Korean airspace, following accusations from Pyongyang that unmanned aircraft violated its...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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

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...

Technology

BESI Reports Strong Q4-25 Orders Surge Driven by Data Center and Hybrid Bonding Demand

BE Semiconductor Industries N.V. (Euronext: BESI), a leading Dutch semiconductor assembly equipment manufacturer, reported robust preliminary orders for the fourth quarter of 2025, underscoring strengthening demand across...

Trump Considers Starlink to Restore Internet Access in Iran Amid Protests

U.S. President Donald Trump said on Sunday that he is considering discussions with billionaire entrepreneur Elon Musk about restoring internet access in Iran, where authorities have imposed widespread blackouts amid...

Anthropic Launches HIPAA-Compliant Healthcare Tools for Claude AI Amid Growing Competition

Anthropic has announced the launch of a new suite of healthcare-focused tools integrated into its Claude AI chatbot, marking another significant step in the rapidly expanding use of artificial intelligence in medicine. The...

Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny

Elon Musk announced on Saturday that X, the social media platform formerly known as Twitter, will publicly release its recommendation algorithm, including the full code behind organic content and advertising post...

China’s AI Sector Pushes to Close U.S. Tech Gap Amid Chipmaking Challenges

China is accelerating efforts to narrow its technological gap with the United States, driven by increased risk-taking, innovation, and strong policy support for artificial intelligence and semiconductors. Leading Chinese...