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

Become a contributor

Bookmark Econotimes

Economy

Mon, Dec 29, 2025 09:22 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Doosan clinches 780 billion won Saudi desalination plant project

Jan 25, 2021 23:50 pm UTC| Economy Business

Doosan Heavy Industries Construction Co. (DHICC) has clinched a 780 billion-won deal to build the Yanbu-4 seawater desalination plant in Saudi Arabia. The deal was inked by DHICC with a consortium of French energy...

S. Korea appeals WTO's ruling on its 15.39% anti-dumping tariffs on Japanese steel

Jan 25, 2021 23:30 pm UTC| Economy Business

South Korea appealed the World Trade Organizations (WTO) ruling that it partially violated rules in slapping anti-dumping 15.39 percent tariffs on Japanese stainless steel bars since July 2004 The appeal was made nearly...

BlackBerry unaware why stock price surged 17.7%

Jan 25, 2021 22:47 pm UTC| Economy Business

BlackBerry Ltd. said it was unaware of any material, undisclosed corporate developments that caused a 17.7 percent surge in its share price at $16.53 on Monday, even after it settled a patent royalties dispute with...

Hyundai Mipo wins 80.2 billion won chemicals carrier deal from Europe

Jan 25, 2021 21:09 pm UTC| Economy Business

Hyundai Mipo Dockyard Co. has won an 80.2 billion won order to build two petrochemical carriers for a European company to be delivered by March next year. The mid-sized shipyard is one of three shipbuilders, including...

EU consumes more electricity from renewable sources than fossil fuel for first time in 2020

Jan 25, 2021 14:25 pm UTC| Economy Business

Europeans got 38 percent of their electricity from renewable sources last year, surpassing fossil fuels, which accounted for 37 percent, for the first time. According to an annual report from Ember and Agora...

Huawei's selling of P and Mate brands signals exit from high-end smartphone-manufacturing

Jan 25, 2021 14:14 pm UTC| Economy Business

Huawei Technologies is in talks to sell its premium smartphone brands P and Mate to a group led by Shanghai government-backed investment firms, which could signal the start of the companys exit from high-end...

Taiwan's TSMC vows to prioritize auto chip production amid global shortage

Jan 25, 2021 13:50 pm UTC| Economy Business

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) vowed to increase auto chip production capacity and make the process more efficient, amid a global shortage that has hampered car production. According to TSMC, its...

1921 1922 1923 1924 1925 1926 1927 1928 1929 1930

Economy

Vietnam Central Bank Faces Challenges Meeting 2026 Economic Growth Target Amid Global Uncertainty

Vietnams central bank is expected to face significant challenges in achieving the countrys ambitious economic growth target of more than 10% in 2026, largely due to external pressures such as global monetary tightening and...

China LNG Imports Rise in December as Long-Term Contracts Drive Growth

Chinas seaborne imports of liquefied natural gas (LNG) are expected to reach around 7.17 million tons in December, according to shipping data tracked by Kpler. This projected volume represents a modest year-on-year...

Asian Stock Markets Trade Narrowly as Year-End Volumes Thin, KOSPI Outperforms on Tech Rally

Asian stock markets moved mostly sideways on Monday as thin year-end trading volumes and reduced investor participation kept activity muted across the region. With many global investors already having completed year-end...

Hong Kong Home Prices Rise for Sixth Straight Month as Rate Cuts Lift Market Sentiment

Hong Kong private home prices continued their steady recovery in November, rising for the sixth consecutive month as lower interest rates and a strong stock market helped improve buyer confidence. According to government...

Trump Says Ukraine Peace Deal ‘Closer,’ But Key Disputes Remain Unresolved

Following talks with Ukrainian President Volodymyr Zelensky, former US President Donald Trump stated a possible peace agreement on Ukraine is closer, citing a lot of progress toward a possible conclusion of the conflict....

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...