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

Become a contributor

Bookmark Econotimes

Economy

Mon, Dec 29, 2025 04:26 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Coca-Cola to hike product prices as Q1 sales surpass estimates

Apr 20, 2021 05:38 am UTC| Business Economy

Coca-Cola is set to issue a price hike on its beverages to counter the effect of higher commodity outlays. The company is just one of the leading consumer firms that is raising prices, such as J.M. Smucker. The...

S. Korea's POSCO to cut business ties with Myanmar military-backed firm

Apr 19, 2021 23:33 pm UTC| Economy

POSCO Coated Color Steel Co will terminate the joint venture operation with military-backed Myanmar Economic Holdings Limited (MEHL) following the Myanmar militarys brutal suppression of citizen protests after a coup in...

Nokia to tap S. Korea's indoor 5G equipment market with LG Uplus

Apr 19, 2021 23:30 pm UTC| Economy Business

Nokia Corp. will install its small cell AirScale Indoor systems that allow seamless 5G connectivity between indoor and outdoor locations and can be easily upgraded to accommodate future network expansion for South Korean...

S. Korea to require power firms to use more renewable sources from October

Apr 19, 2021 11:00 am UTC| Economy Business

South Korea has revised the renewable portfolio standards (RPS) system to let power companies raise output from renewable sources from 10 to 25 percent beginning October, in line with the countrys green energy...

Luckin Coffee obtains $250 million investment following bankruptcy filing

Apr 19, 2021 10:59 am UTC| Business Economy

Luckin Coffee received a huge investment from two Chinese private equity firms, and this was revealed last week. The Chinese coffee chain announced on Thursday, April 16, that it secured a $250 million investment from...

Namyang Dairy: Furious investors calling for a boycott over false COVID-19 claims

Apr 19, 2021 10:14 am UTC| Business Economy

Namyang Dairy is in trouble after a number of furious investors have called for a boycott. They urged the consumers to stop buying the companys products. Namyangs COVID-19 claim The root cause of this action from...

Kroger shuts down 2 stores after ‘hero pay’ mandate was implemented

Apr 19, 2021 10:11 am UTC| Business Economy

Kroger is closing down two stores in California and reportedly, the decision was made after Long Beach approved the hero pay mandate. This new pay ordinance is requiring retail stores and pharmacies that employ 300 and...

1881 1882 1883 1884 1885 1886 1887 1888 1889 1890

Economy

European Markets Mixed as Pound Weakens and Major Corporate Deals Emerge

European financial markets opened the week on a cautious note as investors returned after the long Christmas holiday weekend. British stocks were largely flat at Mondays open, while the pound sterling weakened against the...

Silver Prices Hit Record Highs: How Silver Is Traded and Why Demand Is Surging

Silver prices surged past $80 an ounce for the first time on Monday, driven by a powerful combination of industrial demand, investor interest, persistent supply shortages, and momentum-based trading. The rally briefly...

Gold Prices Ease After Record Highs as Dollar Firms, Broader Bullish Outlook Intact

Gold prices edged lower on Monday after reaching record highs in the previous session, as some investors opted to lock in profits and the U.S. dollar strengthened modestly. Despite the pullback, gold continues to draw...

China to Cut Import Tariffs on Key Commodities and Medical Products From Next Year

China has announced a new round of tariff adjustments set to take effect next year, signaling continued efforts to support domestic industries, enhance supply chains, and promote economic stability. According to a...

European Defense Stocks Slide as Trump Signals Progress in Ukraine-Russia Peace Talks

European defense stocks moved lower on Monday after comments from U.S. President Donald Trump suggested renewed momentum in peace negotiations between Ukraine and Russia, dampening near-term expectations for sustained...

Politics

Trump and Zelenskiy Signal Progress Toward Ukraine Peace Deal, Donbas Still Unresolved

U.S. President Donald Trump said he and Ukrainian President Volodymyr Zelenskiy are moving very close to a potential agreement to end the war in Ukraine, following high-level talks at Trumps Mar-a-Lago resort in Florida....

Trump–Netanyahu Talks Aim to Revive Gaza Ceasefire and Address Iran, Hezbollah Tensions

U.S. President Donald Trump is expected to push for progress on the stalled Gaza ceasefire when he meets Israeli Prime Minister Benjamin Netanyahu on Monday, according to statements from Israeli officials. The high-level...

FBI Surges Resources to Minnesota Amid Fraud Investigations Linked to Somali Community

The Federal Bureau of Investigation has surged additional investigative resources and personnel to Minnesota, according to FBI Director Kash Patel, marking a significant escalation in federal fraud investigations that have...

Australia Orders Independent Review After Bondi Mass Shooting, Albanese Resists Royal Commission Calls

Australian Prime Minister Anthony Albanese has announced an independent review into the countrys law enforcement and security agencies following the deadly Bondi mass shooting, as pressure mounts on the government to...

South Korea Prosecutor Alleges Former First Lady Kim Keon Hee Abused Power for Bribes

A special prosecutor in South Korea has concluded that Kim Keon Hee, the wife of former President Yoon Suk Yeol, interfered in state affairs in exchange for expensive gifts and money, according to findings announced on...

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

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...

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...