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

Become a contributor

Bookmark Econotimes

Business

Sat, May 02, 2026 06:21 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Overcoming Drug Addiction: Chambless Johnston Explains How an Integrative Approach Aims to Hit All Factors Related to Substance Abuse

Jan 13, 2021 00:18 am UTC| Business

Substance abuse can be influenced by various factors. For example, mental, physical, spiritual, and social factors often play a role in addiction. These aspects can also interact with one another, resulting in a disease...

US branded coffee shop chains such as Starbucks suffer 24% drop in sales in 2020

Jan 12, 2021 23:37 pm UTC| Business Economy

Sales of US-branded coffee shops such as Starbucks, JDE Peets, and Dunkin are expected to return to pre-pandemic levels only in 2022, after suffering an estimated 24 percent drop to $36 billion last year. The coffee...

Crocs expects record $1.38 billion sales in 2020 with consumers seeking comfort during pandemic

Jan 12, 2021 23:33 pm UTC| Business

Crocs Inc. expects to have posted record sales of $1.38 billion in 2020, up by 12 percent on-year and raising from its previous forecast of about 5 to 7 percent growth, with the pandemic making its foam clog products a hit...

S. Korea earmarks 125 billion won to fund AI chip development this year

Jan 12, 2021 14:17 pm UTC| Business

South Korea will invest 125.3 billion won this year to support the development of neural processors, high-performance and low-powered logic chips specializing in artificial intelligence (AI) services, up 75 percent from...

Hyundai Motor to build energy storage system, solar power plant in Ulsan

Jan 12, 2021 11:52 am UTC| Business

Hyundai Motor Group will operate a 2 MWh energy storage system (ESS) built with recycled electric vehicle (EV) batteries to store electricity to be generated by a planned solar power plant before transmitting it to an...

South Korea: K Bank is urgently looking for a new CEO after Lee Mun Hwan resigns

Jan 12, 2021 11:32 am UTC| Business

South Koreas first and only internet bank, K Bank Co. LTD. is looking for a new chief after its CEO Lee Mun Hwan suddenly files for resignation, leaving the company in a frantic search for a new leader. It was reported...

Volkswagen, Toyota, Honda among carmakers reducing production due to chip shortage

Jan 12, 2021 11:12 am UTC| Business

Shortages in automotive semiconductors have disrupted production among global carmakers including Germanys Volkswagen and Japans Toyota and Honda. In December, Volkswagen announced that inadequate semiconductor supply...

3021 3022 3023 3024 3025 3026 3027 3028 3029 3030

Economy

Trump Rejects Iran Proposal as Tensions Persist Amid Fragile Ceasefire

U.S. President Donald Trump has expressed dissatisfaction with Irans latest proposal for renewed talks, signaling continued deadlock in efforts to resolve the ongoing U.S.-Iran conflict. Despite a ceasefire reached on...

EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports

The European Commission signaled it is prepared to defend its economic interests after the United States threatened to impose new tariffs on European vehicles, raising concerns over a potential escalation in transatlantic...

Wall Street Mixed as Apple Earnings Boost Nasdaq and Oil Prices Ease

U.S. stock market performance ended mixed on Friday, with major indices showing resilience despite ongoing geopolitical tensions and fluctuating oil prices. The SP 500 and Nasdaq Composite posted gains, while the Dow Jones...

Gold Prices Slip Amid Iran Tensions and Rising Rate Concerns

Gold prices edged slightly lower on Friday, hovering near one-month lows after a volatile trading session. The precious metal continues to face pressure following consecutive monthly declines, as global economic...

Dollar Gains Slightly as Yen Volatility Continues After Japan Intervention

Currency markets closely monitored the Japanese yen on Friday after suspected intervention by Tokyo triggered significant volatility, while the U.S. dollar began May with a modest rebound following April losses. The U.S....

Politics

Cuba Condemns New U.S. Sanctions, Calls Measures “Collective Punishment”

Cuba has strongly rejected the latest sanctions imposed by U.S. President Donald Trump, describing them as unjust and harmful to its citizens. The response came from Cuban Foreign Minister Bruno Rodríguez, who...

Rising Tensions in US-Europe Relations Amid Trump Policies and Iran War

Recent developments in US-Europe relations have raised concerns among global leaders as tensions escalate due to policy disagreements and political rhetoric. European officials are increasingly uneasy following a series of...

Trump Expands Cuba Sanctions Targeting Key Sectors and Foreign Entities

U.S. President Donald Trump has signed a sweeping executive order expanding sanctions against Cuba, intensifying pressure on the islands government and its international partners. According to White House officials, the...

US to Withdraw 5,000 Troops from Germany Amid Growing Rift with European Allies

The United States is set to withdraw approximately 5,000 troops from Germany, signaling rising tensions between Washington and its European allies amid the ongoing Iran conflict. The Pentagon confirmed the move, which will...

U.S. Weapons Delays Raise Concerns Among European Allies Amid Iran Conflict

The United States has reportedly warned several European allies to prepare for delays in the delivery of military equipment, as ongoing tensions and conflict involving Iran continue to strain American weapons stockpiles....

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

U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats

U.S. cybersecurity officials are exploring significantly shorter deadlines for fixing critical vulnerabilities in government IT systems, driven by growing concerns that hackers are leveraging advanced artificial...

Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue

Apple delivered a strong fiscal Q2 2026 performance, reporting record-breaking revenue and profit growth fueled by robust iPhone sales and expanding services. The tech giant posted earnings of $2.01 per share on $111.18...

FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case

The Chinese governments alleged hack-for-hire ecosystem is rapidly expanding and becoming increasingly difficult to control, according to a senior FBI official. Speaking on Thursday, FBI Assistant Director Brett Leatherman...

Taiwan Activates Backup Communications After Undersea Cable Break on Dongyin Island

Taiwan has activated emergency backup communications for Dongyin, its northernmost and strategically important island, after an undersea cable was damaged due to shifting shipwreck debris caused by severe weather. The...

Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings

Meta Platforms has increased its full-year capital expenditure guidance for 2026, signaling continued aggressive investment in artificial intelligence infrastructure despite rising costs and market concerns. The company...