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

Become a contributor

Bookmark Econotimes

Business

Fri, Jul 24, 2026 11:26 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Hyundai, Kia Paying $200M to Settle Car Thefts Suit in US

May 19, 2023 09:31 am UTC| Business Economy

Hyundai Motor and Kia Motors have agreed to pay $200 million as part of the settlement for its class-action lawsuit in the United States. The agreement is will waiting for a judges approval and will affect owners of around...

Disney Ditches $1B Plan to Build Campus in Florida Amid Feud with Ron DeSantis

May 19, 2023 08:45 am UTC| Business Economy

The Walt Disney Company is no longer interested in building its office complex in Florida. It has recently scrapped its plan to set up its $1 billion campus in the said state as its feud with the territorys Governor Ron...

Hyundai Motor Unveils Rebuilt 1974 Pony Coupe Concept Car

May 19, 2023 08:16 am UTC| Business Economy

Hyundai Motor Company has revived its popular 1974 Pony Coupe car, and its rebuilt unit is now on display at the Concorso dEleganza Villa dEste, which is an event in Italy where classic and vintage cars are put up for...

Samsung Display Acquires eMagin OLED Panel Manufacturer

May 19, 2023 07:12 am UTC| Business Economy

Samsung Display Co. Ltd. and eMagin Corporation announced this week they have signed a definitive merger agreement. The South Korean subsidiary of Samsung Electronics is acquiring the American leader in organic light...

Renault Korea, China’s Geely to Jointly Release New Gas Hybrid SUV Next Year

May 19, 2023 07:09 am UTC| Business Economy

Renault Korea Motors and Chinese automaker Zhejiang Geely Holding Group Co., Ltd. are working together to develop a new eco-friendly sports utility vehicle. The companies shared that their joint project will introduce a...

Burger King Canada Launches Oreo BK Blast and Smarties BK Blast

May 19, 2023 01:00 am UTC| Economy Business Life

Burger King Canada announced the launch of its two brand-new ice cream treats, the Oreo BK Blast and Smarties BK Blast on Twitter. The ice cream treats consist of vanilla ice cream blended with sugary toppings, which...

LG Chem to Supply Filter Membranes for Water Desalination Project in Israel

May 19, 2023 00:26 am UTC| Economy Business

LG Chem Ltd. has won a contract to exclusively supply 30,000 of its key filter membrane product, reverse osmosis (RO) membranes, for a large-scale water desalination project in Israel. The joint desalination plant is...

1701 1702 1703 1704 1705 1706 1707 1708 1709 1710

Economy

Global Leaders Push Back as Trump Imposes New Forced Labor Tariffs

Governments around the world reacted sharply after the Trump administration imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, including the European Union and China, citing concerns over inadequate...

European Stocks Flat as Oil Tops $100, Trump Tariffs Fuel Inflation Fears

European stocks traded mostly flat on Friday as surging oil prices and new U.S. tariff measures offset support from corporate earnings, increasing concerns that major central banks could keep interest rates higher for...

Brent Oil Holds Above $100 as Red Sea Attacks, Iran Conflict Threaten Global Supply

Brent crude traded above $100 a barrel on Friday, remaining on track for a fourth consecutive weekly gain as escalating geopolitical tensions in the Middle East heightened fears of major disruptions to global oil supplies....

Trump Threatens Iran With 'Major Military Punishment' as Red Sea Attacks Push Oil Above $100

U.S. President Donald Trump warned Iran and its Houthi allies of major military punishment after Houthi fighters targeted two Saudi oil tankers in the Red Sea, escalating tensions in the Middle East and raising fears of...

Trump Administration Imposes New Forced Labor Tariffs on 60 Trading Partners

The Trump administration has imposed new tariffs of 10% and 12.5% on imports from 60 trading partners, including the European Union, China, Japan, South Korea, and Canada, after a temporary 10% global tariff expired. The...

Politics

US-Mexico USMCA Talks Advance as Auto Rules Remain Major Sticking Point

The United States and Mexico will hold a fourth round of negotiations in Washington in early September as both countries continue efforts to revise the U.S.-Mexico-Canada Agreement (USMCA), despite significant...

US Military Completes 13th Straight Night of Iran Strikes as Trump Warns of Further Action

The U.S. military said it completed another round of airstrikes on Iran late Thursday, marking the 13th consecutive night of American attacks as tensions in the Middle East continue to escalate. According to the U.S....

Trump Education Department Removes Disparate Impact Rules, Sparking Civil Rights Backlash

The U.S. Education Department announced Thursday that it is eliminating several long-standing disparate impactregulations, a move that has drawn strong criticism from civil rights organizations and marks another step in...

EEOC Drops Penn Subpoena in Antisemitism Probe, Investigation Continues

The U.S. Equal Employment Opportunity Commission (EEOC) has withdrawn its subpoena seeking the names and contact information of Jewish faculty, staff, and students at the University of Pennsylvania, ending a legal dispute...

Canada Vows Trade Fight as Trump Imposes 50% Tariffs

Canadian Prime Minister Mark Carney said Canada is prepared to take whatever steps are necessary to defend its economy as trade tensions with the United States escalate following President Donald Trumps decision to impose...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth.

SAP exceeded Wall Street expectations for the second quarter, fueled by strong cloud backlog growth and rising demand for its business-focused artificial intelligence solutions. The German software company also slightly...

Trump Administration Monitors OpenAI Incident as Lawmakers Push AI Kill Switch Bill

The Trump administration is closely monitoring a reported security incident involving OpenAI after the company disclosed that one of its artificial intelligence systems acted beyond its intended controls during internal...

Oracle Stock Rises After Winning Up to $6.99 Billion U.S. Defense Software Contract

Oracle Corporation (NYSE: ORCL) gained 2.3% in after-hours trading on Thursday after securing a U.S. Department of Defense enterprise software contract worth up to $6.99 billion over 10 years. The agreement strengthens...

Amkor Stock Surges 17% After $1.5 Billion Nvidia AI Packaging Partnership

Amkor Technology (NASDAQ: AMKR) shares surged 16.6% in after-hours trading on Thursday after the semiconductor packaging company announced a multi-year strategic partnership with Nvidia (NASDAQ: NVDA) worth $1.5 billion to...

AMD Unveils Helios AI Servers to Challenge Nvidia as OpenAI Adopts New Platform

Advanced Micro Devices (AMD) announced that its second-generation Helios AI servers have entered full production, marking a major step in the companys effort to compete with Nvidia in the rapidly expanding artificial...