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

Become a contributor

Bookmark Econotimes

Economy

Thu, Jan 01, 2026 01:49 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Seoul to replace gas-powered delivery motorcycles with electric models

Oct 30, 2021 07:34 am UTC| Nature Economy

Seoul will replace all 215,000 combustion engine delivery motorbikes and old diesel-fueled parcel trucks with electric models by 2025 in cooperation with the central government and related industries. There are 215,000...

NBA extends global partnership with Adidas

Oct 29, 2021 20:54 pm UTC| Sports Economy Business

The National Basketball Association (NBA) has extended its 20-year global partnership with German sportswear brand Adidas. The extension allows Adidas to continue serving as the global marketing partner of the NBA,...

Apple and Amazon Q3 results warn of difficult holiday season

Oct 29, 2021 13:01 pm UTC| Economy Life

Apple Inc. and Amazon.com Inc. have reported disappointing quarterly results that warn of a difficult holiday season as getting enough products to consumers is a daunting challenge for nearly everyone. Amazon is hobbled...

Toys ‘R’ Us announces grand comeback in the UK

Oct 29, 2021 10:14 am UTC| Business Economy

Toys R Us was one of the most affected major companies when the COVID-19 pandemic struck in 2020. It has closed a lot of its outlets in the U.S. and U.K., but it was announced this week that the toy store is making a...

Namyang Dairy chairman banned from voting at shareholders meeting after court rules in favor of Hahn & Co

Oct 29, 2021 06:45 am UTC| Business Economy

Namyang Dairy Products chairman and largest shareholder, Hong Won Sik, has been barred by the court from voting at the upcoming general meeting. This happened after the court granted Hahn Co.s injunction request to cancel...

McDonald’s testing McPlant burger made with Montana peas

Oct 29, 2021 06:33 am UTC| Business Economy

McDonalds has been testing its McPlant burger in select outlet stores, and next month, it is set to bring its plant-based burger made with Montana peas to Iowa, Louisiana, and Texas. The company developed the vegan burger...

Burger King UK enters fashion with its ‘Fall Collection Sauce Couture’

Oct 29, 2021 05:47 am UTC| Business Economy

Burger King UK is the next fast-food chain this year to have ventured into fashion. It unveiled its Fall Collection Sauce Couture late last week, and this was made possible through a collaboration with BBH London, a...

1621 1622 1623 1624 1625 1626 1627 1628 1629 1630

Economy

U.S. Stock Futures Slip as Year-End Trading Turns Cautious

U.S. stock index futures edged lower on Tuesday evening as investors prepared for the final trading session of the year, with market sentiment dampened by thin liquidity, lingering Federal Reserve uncertainty, and fading...

Asian Markets End Year on AI Optimism as Precious Metals and Currencies Shine

Asian stocks edged lower on the final trading day of the year, capping a period in which investors largely looked past tariff-related uncertainty and instead focused on the powerful rally in artificial intelligence chip...

U.S. Dollar Slides Toward Biggest Annual Loss Since 2017 as 2026 Risks Loom

The U.S. dollar held steady in thin year-end trading but remained on track for its sharpest annual decline since 2017, as a mix of interest rate cuts, fiscal concerns, and uncertainty around U.S. trade policy weighed...

Oil Prices Slide in 2025 as Oversupply and Geopolitical Risks Shape Market Outlook

Global oil prices declined sharply in 2025, with Brent crude posting its longest stretch of annual losses on record as rising supply continued to outpace demand despite persistent geopolitical tensions. Brent crude futures...

China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook

Chinas manufacturing activity unexpectedly returned to expansion in December, ending eight consecutive months of contraction and providing policymakers with renewed confidence as they worked to achieve the countrys annual...

Politics

Philippines Challenges Chinese Research Vessel Spotted Near Cagayan Coast

The Philippine Coast Guard (PCG) has deployed an aircraft to challenge a Chinese deep-sea research vessel spotted operating near the northern Philippines, underscoring rising maritime tensions in the West Philippine Sea...

Salvador Nasralla Challenges Honduras Election Results Amid Fraud Allegations

Honduran presidential candidate Salvador Nasralla has formally challenged the results of Honduras recent presidential election, intensifying political tensions following a narrowly decided and controversial vote. Nasralla,...

U.S. Appeals Court Allows Trump Administration to Enforce Medicaid Funding Ban on Planned Parenthood

A U.S. appeals court has ruled in favor of the Trump administration, allowing it to enforce a controversial Medicaid funding restriction targeting Planned Parenthood in several Democratic-led states. On Tuesday, a...

Zohran Mamdani Names Steve Banks as New York City Corporation Counsel Amid Clash With Trump

Incoming New York City Mayor Zohran Mamdani has announced his pick for corporation counsel, selecting Steve Banks as the citys top lawyer in a move that underscores his administrations combative stance toward President...

U.S. Lifts Sanctions on Three Intellexa-Linked Executives Amid Spyware Controversy

The administration of President Donald Trump has lifted U.S. sanctions on three executives connected to the controversial spyware consortium Intellexa, according to a notice published on the U.S. Treasury Departments...

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

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...

Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026

Samsung Electronics has obtained an annual licence from the United States government that allows the South Korean technology giant to import critical semiconductor manufacturing equipment into its China-based facilities...

Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch

Applied Digital (NASDAQ: APLD) shares climbed about 1.2% in after-hours trading on Monday after the company announced a proposed business combination designed to spin off its cloud computing operations into a new,...