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

Become a contributor

Bookmark Econotimes

Business

Sat, Apr 18, 2026 06:17 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Mars Bids to Acquire UK’s Hotel Chocolat for $662M Amid Global Expansion Efforts

Nov 17, 2023 05:25 am UTC| Business

Mars Incorporated announced it has joined the bid to acquire British chocolate manufacturer and cocoa grower, Hotel Chocolat, for $662 million or about 534 million in pound currency. If it pushes through, the deal is...

Alibaba Cancels Cloud Computing Spin-off Plans Amidst US Controls on Chip Exports`

Nov 17, 2023 05:24 am UTC| Business Technology Investing

Alibaba has abandoned plans to spin off its cloud computing division, citing recent tightening of US controls on chip exports to China as a major factor. This development introduces uncertainties regarding the prospects of...

S. Korea's National Pension Service Records $7 Million Profit in 280K Coinbase Shares

Nov 17, 2023 05:23 am UTC| Business Digital Currency Investing

The 282,673 Coinbase shares that the National Pension Service (NPS) acquired for approximately $19.9 million in the third quarter have already gained a remarkable 39% in value since its purchase. Now valued at $27.7...

Amazon to Sell Hyundai Vehicles Online in the U.S. Starting in 2024

Nov 17, 2023 05:21 am UTC| Business

Amazon announced that it will commence selling Hyundai vehicles online in the United States beginning next year. This partnership between the e-commerce giant and the South Korean automobile manufacturer is an expansion of...

Aston Martin's F1 Team Gets £1 Billion Investment from Arctos Partners

Nov 17, 2023 05:20 am UTC| Business Sports Investing

Arctos Partners has chosen to invest in Aston Martins Formula One team ahead of F1s anticipated return to Las Vegas. This deal places a valuation of approximately 1 billion on the racing unit. It also marked the first...

Microsoft Ignite 2023 Reveals New Avatar Technology, Sparking Ethical Discussions

Nov 16, 2023 14:06 pm UTC| Technology Business

Microsoft unveiled a groundbreaking technology at the Ignite 2023 event. This innovation, known as Azure AI Speech text-to-speech avatar, stands out for its ability to create and animate a lifelike avatar that can speak...

French Startup Ida Innovates Fresh Produce Ordering for Supermarkets Using AI

Nov 16, 2023 14:03 pm UTC| Technology Business

French startup Ida, focused on revolutionizing the way supermarkets order fresh produce, has recently secured significant funding to propel its innovative approach. The company, aiming to streamline the ordering process...

1301 1302 1303 1304 1305 1306 1307 1308 1309 1310

Economy

Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions

Australia has extended its temporary easing of fuel-quality standards through September, as ongoing disruptions from the Iran war continue to strain the countrys fuel supply chains. Energy Minister Chris Bowen confirmed...

IMF Warns Middle East War to Deepen Economic Divide Across Latin America and Caribbean

The ongoing Middle East conflict is expected to widen economic inequality across Latin America and the Caribbean, according to the International Monetary Fund. While oil-exporting nations stand to gain short-term...

Asian Currencies Hold Steady Amid Iran Peace Talks and BOJ Rate Hike Uncertainty

Asian currencies traded in a narrow range on Friday as investors remained cautious ahead of further U.S.-Iran peace negotiations, while the Japanese yen slipped after the Bank of Japans governor signaled little urgency to...

South Korea's Capital Markets Rebound as Foreign Investors Return

South Koreas financial markets are staging a powerful comeback, drawing foreign investors back after a turbulent March that saw billions in capital flee. A combination of easing Middle East tensions, surging demand for AI...

U.S. and Philippines to Build 4,000-Acre Tech Hub Under Pax Silica Initiative

The United States and the Philippines are set to develop a massive 4,000-acre (1,620 hectares) industrial hub as part of a growing Washington-led effort to secure global AI and semiconductor supply chains. The announcement...

Politics

UNICEF Condemns Killing of Aid Workers Delivering Water in Gaza

The United Nations childrens agency UNICEF has expressed outrage following the fatal shooting of two contracted truck drivers who were delivering clean water to families in the Gaza Strip. The deadly incident occurred on...

Iran Reopens Strait of Hormuz Amid Fragile Ceasefire and Ongoing Nuclear Tensions

Iran has temporarily reopened the Strait of Hormuz to commercial shipping following a U.S.-brokered ceasefire between Israel and Lebanon, sparking cautious optimism in global markets. However, Tehran issued a stark warning...

Trump Teases Imminent Release of UFO Documents After Government Review

President Donald Trump announced Friday that his administrations review of classified UFO-related materials has uncovered a number of interesting documents, with the first batch expected to be made public very soon....

South Korea Denies U.S. Intelligence Restrictions Over North Korean Nuclear Site Disclosure

South Koreas Unification Ministry stated Friday it has no knowledge of any formal U.S. protest or intelligence-sharing restrictions, following media reports suggesting Washington expressed frustration over a cabinet...

Peru Election 2025: Vote Count Delays Spark Calls to Remove Electoral Chief

Pressure is mounting on Perus electoral authority amid a slow and controversial vote count following the April 12 presidential election. Piero Corvetto, head of the National Office of Electoral Processes (ONPE), is facing...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Iran’s AI memes are reaching people who don’t follow the news – and winning the propaganda war

A Lego-style Iranian military commander raps over a gangster beat: Our inbox is flooded with Americans saying they dont watch the news. They listen to our songs instead since your media is full of shit. This is the opening...

OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push

OpenAI is reportedly set to spend over $20 billion with AI chip startup Cerebras over the next three years, marking a significant expansion of an already substantial computing partnership. According to The Information, the...

Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent

Tesla is actively recruiting semiconductor engineers in Taiwan for its ambitious Terafab project a fully vertically integrated AI chip manufacturing facility that aims to consolidate logic, memory, packaging, testing, and...

Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million

The Japanese government has announced plans to provide Sony with subsidies of up to 60 billion yen, equivalent to approximately $380 million, to support the construction of an image sensor manufacturing facility in...

NiSource Signs Long-Term Energy Deals with Alphabet and Amazon to Power Indiana Data Centers

NiSource, a U.S. utility company, has secured a long-term energy supply agreement with an Alphabet subsidiary to power a major data center in northern Indiana. The announcement also included an expanded partnership with...