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

Become a contributor

Bookmark Econotimes

Economy

Thu, Jan 15, 2026 03:03 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Alphabet Promotes Ruth Porat to President, CIO in Major Leadership Reshuffle

Jul 26, 2023 10:32 am UTC| Business Economy

Alphabet Inc., the parent company of Google LLC and Waymo software company, announced that its chief financial officer, Ruth Porat, is leaving. Then again, this is a good announcement, as the reason for vacating her post...

TikTok Muscles Into Music Streaming, Challenges Spotify, Apple Music With Global Expansion

Jul 26, 2023 10:05 am UTC| Business Technology Economy

TikTok, the global sensation in video-sharing, is broadening its horizons with a foray into music streaming. This week, the Chinese platform unveiled TikTok Music, a direct competitor to industry giants like Apple Music...

Banc of California to Acquire PacWest; Merger Deal to Save Banking Company from Possible Collapse

Jul 26, 2023 09:54 am UTC| Business Economy

Banc of California is set to acquire its rival, PacWest Bancorp, via a merger deal. In a joint announcement published on Tuesday, July 25, the banks said the agreement is worth $400 million. CNN Business reported that...

Kellogg Company Advances Split Plan: Files Form 10 for Cereal Spin-Off, Reveals Kellanova, WK Kellogg Co

Jul 26, 2023 09:49 am UTC| Economy Life Business

The Kellogg Company takes a critical stride in its division plan, filing a Form 10 registration statement with the US SEC to spin off its North American cereal business, WK Kellogg Co, into a separate public entity. This...

Kia Revamps Best-Selling Sorento SUV, Heating Up Korean Rivalry with Toyota's New Highlander

Jul 26, 2023 09:28 am UTC| Economy Life Business

Kia Corp. is set to intensify the rivalry in the Korean automotive market with its newly unveiled Sorento facelift, ramping up competition against Toyotas latest Highlander. The remodeled Sorento, Koreas top-selling...

Levi's Launches One of Asia's Largest Stores in Manila: A Milestone in its Asian Expansion Strategy

Jul 26, 2023 07:49 am UTC| Economy Life Business

Levis has intensified its footprint in Asia by launching one of its largest stores at SM North EDSA in the Philippines, signifying a critical advancement in its direct-to-consumer expansion strategy. The store, showcasing...

TSMC to Build New $2.9B Chip Plant in Taiwan Amid Soaring AI Demand

Jul 26, 2023 07:26 am UTC| Business Economy Technology

Taiwan Semiconductor Manufacturing Company (TSMC) is committing $2.9 billion to a new advanced chip packaging plant in Taiwan, aiming to capitalize on surging global demand for AI chips and to support major clients like...

811 812 813 814 815 816 817 818 819 820

Economy

China Signals Willingness to Deepen Canada Ties as Leaders Seek Reset in Relations

China has expressed a willingness to deepen cooperation with Canada while working to eliminate what it describes as interference, signaling a potential reset in bilateral relations after years of strain. The message was...

Asian Currencies Trade Flat as Yen Weakens on Election Fears and Won Retreats After U.S. Support

Most Asian currencies traded near flat levels on Thursday as investors remained cautious amid mixed political and monetary signals from both the region and the United States. The Japanese yen hovered near 18-month lows,...

Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September

The Bank of Japan (BOJ) is expected to hold off on raising interest rates until at least July, according to a majority of economists, as policymakers assess the impact of recent tightening on Japans fragile economic...

Trump Delays Tariffs on Critical Minerals, Seeks Global Supply Deals to Protect U.S. Security

U.S. President Donald Trump has decided, for now, not to impose tariffs on rare earths, lithium, and other critical minerals, choosing instead to pursue international negotiations aimed at securing stable supplies. The...

U.S. Oil Prices Slide After Trump Comments Ease Iran Supply Fears

U.S. oil prices declined sharply in early Asian trading on Thursday, falling by more than $1 per barrel as easing geopolitical tensions involving Iran reduced market fears of supply disruptions. The pullback came after...

Politics

Federal Judge Blocks Trump Administration From Cutting $80 Million in Minnesota SNAP Funding

A federal judge on Wednesday temporarily blocked the Trump administration from withholding roughly $80 million in federal funding used to administer Minnesotas Supplemental Nutrition Assistance Program (SNAP), commonly...

Japan Firms Warn Economic Risks as China Ties Fray and BOJ Tightens Policy

More than two-thirds of Japanese companies believe the domestic economy will suffer as relations with China continue to deteriorate, according to a recent Reuters survey conducted by Nikkei Research. Nearly half of the...

Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions

Chevron is expected to receive an expanded Venezuela license from the U.S. government this week, a move that could significantly increase oil production and exports from the South American nation, according to multiple oil...

U.S. Schools Set to Bring Back Whole Milk After 15-Year Ban

U.S. children may soon see whole milk return to school cafeterias for the first time in nearly 15 years after President Donald Trump signed new legislation allowing schools to serve whole and reduced-fat milk alongside...

Trump Signs Executive Order to Prevent Long Island Rail Road Strike Affecting 300,000 Daily Commuters

President Donald Trump on Wednesday signed an executive order establishing a second emergency board aimed at preventing a potential work stoppage at the Long Island Rail Road (LIRR), a critical transportation system...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

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...

Technology

xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny

Elon Musks artificial intelligence company xAI announced new restrictions on its Grok AI chatbot after the platform generated sexualized and manipulated images that raised alarms among regulators worldwide. The move comes...

TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates

Taiwan Semiconductor Manufacturing Co (TSMC), the worlds largest contract chipmaker and a critical supplier to Nvidia and Apple, is expected to deliver a record-breaking fourth-quarter profit, driven by surging global...

U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China

U.S. lawmakers and former national security officials are voicing strong concerns over President Donald Trumps decision to allow Nvidia to resume sales of its advanced H200 artificial intelligence chips to China, warning...

Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities

Title: Taiwanese prosecutors have issued an arrest warrant for Pete Lau, the chief executive officer of Chinese smartphone maker OnePlus, accusing him of involvement in illegal business operations and recruitment...

Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive

Chinese artificial intelligence startup Zhipu AI has unveiled a new open-source image generation model, marking a significant milestone in Chinas push for technological self-reliance. The model, called GLM-Image, was...