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

Become a contributor

Bookmark Econotimes

Business

Thu, Apr 09, 2026 03:45 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

China Smartphone Shipments Dip 2.4% in Q2 as Huawei Gains Ground

Jul 22, 2025 02:57 am UTC| Business Economy Technology

Smartphone shipments in China declined by 2.4% year-on-year in the second quarter of 2024, according to a report by Counterpoint Research. The overall market showed signs of stagnation amid continued macroeconomic...

Stargate AI Project Scales Back to Smaller Data Center Amid Partner Disputes

Jul 22, 2025 01:43 am UTC| Business Technology

The ambitious $500 billion Stargate Projectled by OpenAI, SoftBank (TYO:9984), and Oracle (NYSE:ORCL)aimed at boosting U.S. artificial intelligence capabilities, is reportedly shifting focus to a smaller-scale launch....

New OPM Chief Distances Himself from Elon Musk Amid Trump Tensions

Jul 22, 2025 01:37 am UTC| Politics Business

Scott Kupor, the new head of the Office of Personnel Management (OPM), said Monday he has no personal ties to Elon Musk and is fully committed to executing President Donald Trumps agenda. I have zero personal relationship...

Google and OpenAI Achieve Gold at International Math Olympiad with AI Models

Jul 22, 2025 01:28 am UTC| Technology Business

Googles DeepMind and OpenAI have made history, as their AI models earned gold medals at the 66th International Mathematical Olympiad (IMO), the first time general-purpose artificial intelligence has crossed the top-scoring...

AstraZeneca Commits $50B to U.S. Expansion Amid Trump Tariff Push

Jul 22, 2025 01:18 am UTC| Health Business

AstraZeneca (NASDAQ: AZN) has unveiled plans to invest $50 billion in U.S. manufacturing and RD infrastructure by 2030, marking one of the largest expansions in the pharmaceutical industry. The move responds to renewed...

Chinese EV Makers Neta and Zeekr Accused of Inflating Sales via Pre-Insurance Tactic

Jul 22, 2025 00:42 am UTC| Business

Chinese EV brands Neta and Zeekr are under scrutiny for inflating sales figures by insuring vehicles before they were sold to consumers, allowing them to prematurely record sales. According to documents reviewed by Reuters...

Morgan Stanley Hires Aftab Shahsingh to Boost Industrial Services Investment Banking

Jul 22, 2025 00:40 am UTC| Business

Morgan Stanley has tapped Aftab Shahsingh from UBS to lead its industrial services investment banking coverage in North America, according to a source familiar with the matter. Shahsingh, a veteran with over 15 years of...

261 262 263 264 265 266 267 268 269 270

Economy

Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher

Optimism in Asian financial markets faded quickly on Thursday as early signs of instability in the Gulf ceasefire sent oil prices climbing again, reinforcing fears of a prolonged inflationary impact on the global economy....

Dollar Stabilizes Amid Fragile US-Iran Ceasefire as Markets Watch Hormuz Strait

The U.S. dollar edged higher in early Thursday trading after suffering broad losses, as investors cautiously monitored the durability of a two-week ceasefire between the United States and Iran. The dollar index climbed a...

Gold Prices Dip Amid Middle East Uncertainty and Inflation Fears

Gold prices edged lower during Asian trading on Thursday, retreating after modest gains in the previous session as investors continued monitoring escalating Middle East tensions threatening a fragile ceasefire between the...

Oil Prices Rebound as Hormuz Disruptions and Middle East Tensions Rattle Markets

Oil prices recovered Thursday following their sharpest single-day decline since April 2020, as ongoing disruptions in the Strait of Hormuz and escalating Middle East tensions renewed fears over global crude supply. By...

U.S. Futures Dip as Iran Ceasefire Faces Early Challenges

U.S. stock index futures edged slightly lower Wednesday evening as investors monitored the fragile state of a newly announced Iran-U.S. ceasefire agreement. The cautious overnight movement followed an exceptional trading...

Politics

Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

Republican Senator Jim Banks visited Taipei and delivered a direct message to Taiwans President Lai Ching-te: the islands parliament must stop stalling and approve a proposed special defense budget. Banks, a member of the...

Haiti Election 2025: Voter Registration Delayed Amid Ongoing Security Crisis

Haitis Provisional Electoral Council (CEP) has officially announced the postponement of a voter registration drive that was originally set to begin on April 1. The council stated that updated registration dates would be...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...

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...

FCC Moves to Ban All Chinese Labs From Testing U.S. Electronics

The Federal Communications Commission is escalating its crackdown on Chinese technology by preparing to vote on a sweeping proposal that would prohibit all Chinese laboratories from testing electronic devices intended for...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

U.S. Disrupts Russian Military Hackers' Global DNS Hijacking Network

The U.S. Justice Department has successfully executed a court-authorized operation to dismantle a DNS hijacking network tied to Russian military intelligence. The network was run by GRU Military Unit 26165, a cyber unit...

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...