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

Become a contributor

Bookmark Econotimes

Business

Sun, May 03, 2026 12:36 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Samsung Heavy caps busy November with 266 billion won orders for LNG carrier, oil tanker

Nov 30, 2020 20:59 pm UTC| Business

Samsung Heavy Industries Co. has received orders worth 266 billion won to build a liquefied natural gas (LNG) carrier and an S-Max oil tanker. The order for a 206 billion-won LNG carrier, slated to be delivered by July...

Samsung Engineering awarded 1.2 trillion won methanol plant order in Malaysia

Nov 30, 2020 20:38 pm UTC| Business

Samsung Engineering Co. has received a letter of intent for a 1.2 trillion-won methanol plant order from Malaysian petrochemical company, Sarawak PetChem. Under the deal, Samsung Engineering will build the plant, which...

Doosan to build $2.4 billion hydropower plant in Laos

Nov 30, 2020 19:54 pm UTC| Business

Doosan Heavy Industries Construction Co (DHIC) has signed a deal with Korea Western Power Co. to build a US$2.4 billion hydropower plant in Laos under an engineering, procurement, and construction set up. The...

KT's 9 billion won investment to help reduce dependence on overseas suppliers

Nov 30, 2020 19:27 pm UTC| Business

KT Corp. will invest 9 billion won over the next three years to help its local suppliers manufacture homegrown materials and parts and reduce its reliance on overseas suppliers amid the pandemic. South Korean telecom...

Facebook to foray further in e-commerce with acquisition of Kustomer

Nov 30, 2020 17:57 pm UTC| Business

Facebook acquired customer service startup Kustomer for a reported $1 billion to foray further into e-commerce. Kustomer will boost Facebooks nascent messaging business, which is including customer-service products that...

Qantas to cut 2,000 ground staff jobs as it turns to outsourcing

Nov 30, 2020 17:23 pm UTC| Business

Qantas will outsource over 2,000 ground staff roles in an effort to save about $74 million annually, leading to more job cuts after the 6,000 announced earlier. The move would also help it avoid buying $59 million worth...

Global Geopolitics Series

US to blacklist China's SMIC and CNOOC

Nov 30, 2020 17:15 pm UTC| Business

The US is poised to add Chinas top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, curbing their access to U.S. investors. It was reported earlier...

3071 3072 3073 3074 3075 3076 3077 3078 3079 3080

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...