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

Become a contributor

Bookmark Econotimes

Economy

Tue, Jan 06, 2026 09:14 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

TVing, Paramount Plus partner to rival Netflix Korea

Jun 20, 2022 10:20 am UTC| Business Economy

TVing, one of Koreas leading online streaming service firms, has teamed up with Paramount Plus, an American subscription video-on-demand service, to challenge Netflix in the Korean market. According to The Korea...

Meta to launch digital fashion store on Instagram and Facebook to sell Prada, Balenciaga

Jun 20, 2022 09:43 am UTC| Business Economy

Meta, the parent company of Facebook, is opening a digital clothing store where people can buy various outfits for their own avatars. Users can buy virtual clothes from high-end brands such as Prada and Balenciaga and then...

Korea to combat rising fuel costs by implementing higher tax cuts

Jun 20, 2022 09:09 am UTC| Business Economy

The prices of fuel are so high anywhere in the world today. In South Korea, it will try to fight the rising costs by expanding the tax cuts on fuel for up to the maximum cap of 37%. On Sunday, June 19, the South Korean...

Starbucks’ North American president leaving after 17 years as company reorganizes leadership

Jun 20, 2022 08:34 am UTC| Business Economy

The president of Starbucks North America, Rosann Williams, is set to be replaced by the companys Asia Pacific division head. She is leaving the coffee chain after 17 years of service. As per CNBC, her departure is part...

Sony, Honda sign deal for electric vehicle joint venture, to roll out EV models in 2025

Jun 20, 2022 07:40 am UTC| Business Economy

Sony Corporation and Honda Motor Company have inked a deal for a joint venture and planning to sell EVs by the year 2025. The major Japanese companies announced late last week that they have agreed to a 50-50 JV, and the...

IKEA cuts down business in Russia; Local furniture chains eyeing shuttered stores

Jun 20, 2022 07:33 am UTC| Business Economy

IKEAs shuttered stores and warehouses in Russia are reportedly being eyed by local furniture chains - Tvoi Dom and Hoff. The Russian brands are both interested in acquiring the Swedish-founded, Dutch-headquartered...

McDonald's is giving free Sprite to let diners decide how the taste of Sprite sounds

Jun 18, 2022 23:36 pm UTC| Life Economy Business

McDonalds is offering a free Sprite on June 21 to customers who spend at least $1 on their app with the hope that they will describe on social media what they believe the taste of Sprite sounds like. To make...

1331 1332 1333 1334 1335 1336 1337 1338 1339 1340

Economy

Philippine Central Bank Signals Steady Interest Rates as Inflation Rises and Growth Slows

The Bangko Sentral ng Pilipinas (BSP) is expected to keep interest rates at their current levels after inflation accelerated in December while economic growth showed signs of slowing, according to BSP Governor Eli...

Asian Stock Markets Rally as Japan Hits Record Highs on Chip and AI Optimism

Asian stock markets mostly advanced on Tuesday, extending a strong regional rally driven by gains in technology and semiconductor stocks, with Japanese equities leading the surge. Japans TOPIX index climbed 1.5% to a fresh...

Oil Prices Edge Lower as Markets Weigh Venezuela Turmoil and Supply Outlook

Oil prices dipped slightly in Asian trading on Tuesday as market volatility eased and investors assessed the implications of the United States dramatic capture of Venezuelan President Nicolas Maduro. While crude prices...

Asian Currencies Hold Steady as Yen Gains on BOJ Signals and Dollar Volatility Eases

Most Asian currencies traded within a narrow range on Tuesday, reflecting a cautious market mood as investors awaited key economic data from the United States and Asia. The Japanese yen remained one of the notable movers,...

UK Retail Prices Rise as Cost Pressures Threaten Further Increases in 2026

British retail prices rose at a faster pace last month, and retailers may find it difficult to prevent further price increases in 2026 as cost pressures continue to build, according to the British Retail Consortium (BRC)....

Politics

Maria Corina Machado Says She Has Not Spoken to Donald Trump Since October Amid Venezuela Crisis

Venezuelan opposition leader and Nobel Peace Prize laureate Maria Corina Machado said on Monday that she has not spoken with U.S. President Donald Trump since October, addressing speculation about her relationship with...

UN Warns of Venezuela Instability After U.S. Capture of President Nicolas Maduro

The United Nations has raised serious concerns over growing instability in Venezuela following the United States capture of President Nicolas Maduro, an operation that has sparked sharp debate at the U.N. Security Council...

Trump Administration Denies Nation-Building Plans After Venezuela Military Operation

Republican lawmakers said President Donald Trump does not intend to occupy or engage in nation-building in Venezuela, following a classified congressional briefing on U.S. policy toward the South American country. The...

Israeli Military Launches Strikes in Lebanon Amid Ceasefire Tensions

The Israeli military on Monday launched a series of airstrikes in Lebanon, targeting what it described as Hezbollah and Hamas positions, escalating tensions despite an existing ceasefire agreement. The strikes followed...

Nicolas Maduro Pleads Not Guilty in U.S. Court After Dramatic Arrest Ordered by Trump

Former Venezuelan President Nicolas Maduro pleaded not guilty on Monday in a Manhattan federal court after a dramatic U.S. military operation ordered by President Donald Trump led to his capture, sending shockwaves through...

Science

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...

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...

Technology

AMD Unveils Next-Generation AI and PC Chips at CES, Highlights Major OpenAI Partnership

Advanced Micro Devices (NASDAQ: AMD) took center stage at CES in Las Vegas as CEO Lisa Su unveiled a powerful new lineup of PC and artificial intelligence processors, signaling the companys aggressive push into the...

Intel Unveils Panther Lake AI Laptop Chips at CES 2025, Marking Major 18A Manufacturing Milestone

Intel has officially launched Panther Lake, its next-generation AI chip for laptops, at the CES 2025 trade show in Las Vegas, signaling a critical step in the companys turnaround strategy and its push to regain market...

Mercedes-Benz to Launch Advanced Urban Self-Driving System in the U.S., Challenging Tesla FSD

Mercedes-Benz announced on Monday that it will introduce a new advanced driver-assistance system in the United States later this year, marking a major step forward in autonomous driving technology. The system, called...

Dell Revives XPS Laptop Lineup With New XPS 14 and XPS 16 to Boost Premium PC Demand

Dell has officially revived its popular XPS laptop lineup, marking a strategic reversal just a year after retiring the premium brand. The move comes as the company seeks to stimulate demand in a sluggish global personal...

BTIG Initiates Buy on SoftBank as AI and Robotics Strategy Gains Momentum

BTIG has initiated coverage of SoftBank Group Corp. (TYO:9984) with a Buy rating, citing the Japanese investment conglomerates strong positioning at the intersection of artificial intelligence and robotics. The brokerage...