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

Become a contributor

Bookmark Econotimes

Economy

Tue, Dec 30, 2025 11:52 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Roche slashing 300 to 400 jobs in its product development unit

Jul 02, 2021 08:44 am UTC| Business Economy

Roche will be making big changes in the organization of its employees, which is estimated to be around 100,000 in number. The company is taking this step as it implements new prioritization of the works. Announcement of...

Adidas reveals final bidders for Reebok acquisition

Jul 02, 2021 08:16 am UTC| Business Economy

Adidas is drawing up a list of final bidders for the sale of Reebok, a brand that it acquired but failed to deliver the companys expectations. Now it has put it up for sale and is hoping to get a good deal for it. The...

Toyota is America’s best-selling vehicle after it tops GM sales in the U.S.

Jul 02, 2021 07:10 am UTC| Business Economy

Toyota Motor outdid General Motors in terms of sales to become the best-selling carmaker in the U.S. It was reported that this happened for the first time ever. Toyota beats analysts expectations According to CNBC,...

Nissan is building EV battery gigafactory and expanding electric car biz in the UK

Jul 02, 2021 06:16 am UTC| Business Economy

Nissan is investing $1.38 billion or 1 billion for its plans to construct a gigafactory in Sunderland, U.K. This was announced by the Japanese automaker on Thursday, July 1. The massive plant will not only be beneficial...

PepsiCo pledges to lower sugar levels of sodas and introduce healthier snacks in EU by 2025

Jul 02, 2021 06:03 am UTC| Business Economy

PepsiCo announced on Thursday, July 1, that it would be reducing the sugar content of its iced teas and soda drinks. The American multinational food, snack, and beverage corporation headquartered in New York said it is...

S. Korea's E-Mart 24 to open more semi-unmanned stores

Jul 02, 2021 01:45 am UTC| Economy Business

E-Mart 24 will increase the number of hybrid stores operated by employees in the daytime but function without workers late at night. The initiative boosts revenue at stores that are usually closed from 11 pm to 6 am,...

STX Offshore wins orders for 12 ships from Oceanian companies

Jul 01, 2021 23:15 pm UTC| Economy Business

STX Offshore Shipbuilding Co. won deals to build 12 ships for Oceanian companies, consisting of four 115,000-ton oil tankers, six 50,000-ton petrochemical carriers (PCs), and two 10,000-ton PCs. The deal for four oil...

1771 1772 1773 1774 1775 1776 1777 1778 1779 1780

Economy

Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes

Major currencies traded within narrow ranges on Tuesday as subdued market conditions persisted amid thin year-end trading volumes. With many investors already sidelined ahead of the New Year holiday, activity across global...

Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion

Gold prices rose in European trading on Tuesday, rebounding after a sharp pullback from near record highs in the previous session, as year-end profit-taking eased and renewed geopolitical tensions boosted safe-haven...

Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment

Asian stock markets edged lower on Tuesday, tracking losses on Wall Street as a pullback in technology shares dampened investor sentiment. Market liquidity remained thin due to a holiday-shortened trading week,...

South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty

South Koreas factory output showed weaker-than-expected performance in November, highlighting continued uncertainty in the countrys industrial sector as global demand remains uneven. According to official data released...

Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns

Oil prices edged lower in early Tuesday trading after posting gains of more than 2% in the previous session, as commodity markets reacted to weakness in precious metals while remaining sensitive to escalating geopolitical...

Politics

Kremlin Says Ukrainian Drone Attack Hardens Russia’s Stance on Peace Talks

The Kremlin said on Tuesday that an alleged Ukrainian drone attack targeting a presidential residence in Russias Novgorod region would harden Moscows negotiating position on any potential peace deal to end the war in...

Najib Razak Files Appeal Against Latest 1MDB Corruption Conviction and 15-Year Sentence

Former Malaysian prime minister Najib Razak has filed an appeal against his latest corruption conviction linked to the multibillion-dollar 1MDB scandal, his lawyer confirmed on Tuesday. The appeal challenges both the...

Jazz Ensemble Cancels Kennedy Center New Year’s Eve Shows After Trump Renaming Sparks Backlash

A renowned veteran jazz group has become the latest artist to withdraw from performances at Washingtons Kennedy Center following its controversial renaming to include U.S. President Donald Trump. On Monday, the Cookers...

Boeing Secures $8.6 Billion Pentagon Contract for F-15 Jets for Israel

Boeing has been awarded an $8.6 billion defense contract by the United States Department of Defense for the F-15 Israel Program, marking one of the most significant recent foreign military sales agreements between...

U.S. Government Agrees to Review Frozen NIH Diversity Research Grants After Legal Challenge

The Trump administration has reached an agreement with researchers and Democratic-led states who filed a lawsuit over cuts to diversity-related research funding at the National Institutes of Health (NIH). The deal,...

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

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,...

Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms

Meta has announced that it will acquire Manus, a Chinese artificial intelligence startup, marking another significant step in the companys aggressive push to expand its AI capabilities across both consumer and business...

China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions

Chinas private rocket startup LandSpace is rapidly emerging as a key challenger in the global commercial space race, openly drawing inspiration from Elon Musks SpaceX while reshaping Chinas traditionally state-led space...

China Proposes Stricter Rules for AI Services Offering Emotional Interaction

Chinas top internet regulator has released draft regulations aimed at tightening oversight of artificial intelligence services that simulate human personalities and engage users emotionally, signaling a stronger push to...