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

Become a contributor

Bookmark Econotimes

Economy

Sun, Jan 04, 2026 05:33 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Czech Republic, Hungary, Poland, Slovakia share know-how in clean energy with S. Korea

May 31, 2022 00:44 am UTC| Nature Economy Business

The embassies of the Czech Republic, Hungary, Poland, and Slovakia in South Korea explored the scope for cooperation on clean energy in a public diplomacy event at Lotte Hotel Seoul, on May 26. The event also explored...

Mercedes-Benz, Renault take flak for abandoning Busan Motor Show

May 30, 2022 23:39 pm UTC| Business Economy

Mercedes-Benz and Renault Motors have been criticized for not taking part in the 2022 Busan International Motor Show (BIMOS), prioritizing finances over participation as members of the nations automotive...

Delhi Capitals to launch NFTs with FanCraze

May 30, 2022 23:36 pm UTC| Sports Economy Business

The Indian Premier Leagues (IPL) Delhi Capitals has partnered with sports blockchain technology firm FanCraze for the launching of non-fungible tokens (NFTs) and Web 3.0 experiences. The Capitals would be the first team...

Fiba approves use of glass LED courts for elite tournaments like world Cup

May 30, 2022 23:31 pm UTC| Sports Economy Business

The International Basketball Federation (Fiba) has approved the use of LED glass courts in elite-level tournaments, allowing new broadcast experiences and sponsorships activations. The surface can be used in any number...

Warriors, 76ers, Devils, and Giants owners take part in US$30 million Gametime funding round

May 30, 2022 23:26 pm UTC| Sports Economy Business

Ticketing platform Gametime generated US$30 million in a funding round involving co-managing partner of the Philadelphia 76ers and New Jersey Devils David Blitzer, San Francisco Giants owner Jeff Mallet, and Golden State...

Ballooning inventories force US retailers Walmart, Costco, Gap, and Macy’s to discount goods

May 30, 2022 21:31 pm UTC| Business Economy

Major US retailers that recently scrambled to restock shelves amid product shortages, such as Walmart, Costco, Gap, and Macys are now packed with too much merchandise they are forced to discount unsold goods. During the...

60 UK companies to hold four-day workweek trials

May 30, 2022 20:57 pm UTC| Business Economy

Sixty UK companies will conduct a six-month trial of a four-day working week to help firms shorten their working hours without cutting salaries or sacrificing revenues. Such trials have been conducted in Spain, Iceland,...

1351 1352 1353 1354 1355 1356 1357 1358 1359 1360

Economy

Venezuela Oil Exports Grind to a Halt as U.S. Oil Embargo Takes Full Effect

Venezuelas oil exports have effectively come to a standstill after months of declining shipments triggered by sweeping U.S. sanctions and an intensified oil embargo announced by U.S. President Donald Trump. According to...

Fed’s Anna Paulson Signals Rate Cuts May Come Later as Inflation Cools and Labor Market Stabilizes

Federal Reserve Bank of Philadelphia President Anna Paulson said on Saturday that additional U.S. interest rate cuts may not happen immediately, as policymakers assess how the economy responds following an aggressive...

Argentina Sells Dollars to Stabilize Peso as New FX Trading Rules Take Effect

Argentinas Treasury intervened in the foreign exchange market on Friday by selling U.S. dollars in an effort to curb the pesos decline, marking the first trading session under the countrys newly implemented currency...

U.S. Stock Market Mixed at Close as Dow Gains and Nasdaq Slips

U.S. stocks finished mixed after the close on Friday as strength in energy, industrials, and basic materials helped support blue-chip shares, while losses in consumer-focused and technology sectors weighed on broader...

Mexico Stocks End Lower as IPC Slips on Sector Losses

Mexican stocks closed lower on Friday as broad-based declines across key sectors weighed on overall market performance. The benchmark SP/BMV IPC index ended the session down 0.36%, reflecting investor caution amid losses...

Politics

Cuba Condemns U.S. Actions in Venezuela as Tensions Rise in the Region

Cuban President Miguel Díaz-Canel has sharply criticized the United States over what he described as an attack on Venezuela and the capture of its president, escalating political tensions across Latin America....

U.S. Airline Flight Cancellations Surge After Venezuela Military Operation and FAA Airspace Closures

Major U.S. airlines canceled hundreds of flights on Saturday after a sudden military operation in Venezuela led to the capture of President Nicolás Maduro, triggering widespread airspace restrictions across parts of...

Trump’s Mar-a-Lago Stay Marked by Venezuela Strike, Social Media Barrage, and Marble Shopping

U.S. President Donald Trump capped the holiday season with a dramatic and unprecedented military operation targeting Venezuelan leader Nicolas Maduro, approving a surprise snatch-and-grab mission early Saturday while...

U.S. Captures Venezuela’s President Nicolas Maduro, Sparking Global Backlash

The United States launched a dramatic military operation against Venezuela, capturing its long-serving president Nicolas Maduro and triggering widespread international controversy. U.S. President Donald Trump announced...

North Korea Launches Ballistic Missile as Regional Tensions Rise Ahead of Diplomatic Talks

North Korea has once again heightened regional tensions after firing a ballistic missile toward the sea off its east coast, according to a statement released Sunday by South Koreas Joint Chiefs of Staff. The missile is...

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

Grok AI Controversy on X Sparks Global Outrage Over Nonconsensual Images

A growing controversy surrounding Grok, the artificial intelligence chatbot built into Elon Musks social media platform X, has triggered international concern over the misuse of AI-generated images and the failure to...

Reddit Emerges as a Major Winner in the Shift to AI-Powered Search

Reddit is increasingly being recognized as a major beneficiary of the global shift from traditional search engines to AI-generated answers, according to a recent analysis from brokerage firm Needham. As artificial...

Trump Blocks HieFo’s Emcore Chip Assets Deal Over National Security Concerns

President Donald Trump has issued an executive order blocking HieFo Corp. from acquiring semiconductor-related assets from Emcore Corp., citing serious national security risks tied to foreign ownership and sensitive chip...

Grok AI Faces Global Scrutiny Over Safeguard Failures and Illegal Content on X

Elon Musks artificial intelligence chatbot Grok, developed by xAI and integrated into social media platform X, has come under intense international scrutiny after admitting that lapses in safeguards led to the generation...

Baidu Shares Surge as Company Plans Kunlunxin AI Chip Spin-Off and Hong Kong Listing

Baidu shares jumped sharply after the Chinese technology giant announced plans to spin off its artificial intelligence chip unit, Kunlunxin, and pursue a listing in Hong Kong. The move comes as domestic Chinese chipmakers...