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

Become a contributor

Bookmark Econotimes

Business

Wed, Jul 29, 2026 05:30 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

How e-commerce impacts the retail job market

Oct 21, 2020 22:52 pm UTC| Business

According to some studies, 95% of all purchases are expected to be via e-commerce by 2040. How will this impact the retail job market? In this article, we look at some key e-commerce statistics in 2020 and the future of...

Norway’s shift to remotely operating oil rigs raises concerns on job security, safety of workers

Oct 21, 2020 09:51 am UTC| Business

A shift to operating Norwegian oil rigs remotely from land has raised concerns over the loss of well-paid jobs and its impact on the safety of offshore workers. Lower oil prices and the coronavirus crisis are...

Chris Brummer On FinTech, Inclusion, And The Future Of Wall Street

Oct 21, 2020 06:04 am UTC| Business

In the realm of finance and monetary policy, innovations propel change. Often, a symbiotic marriage between technology and policy creates forward movement intended to better the lives of the general public. If the...

US gov't files antitrust lawsuit vs Google

Oct 21, 2020 03:17 am UTC| Business

The US Justice Department filed an antitrust lawsuit against Google LLC for unlawfully monopolizing online search services to harm competitors and consumers. According to the Justice Department, the move was for...

S. Korea's 5G speed recorded 2nd fastest globally

Oct 21, 2020 02:37 am UTC| Business

South Koreas 5G download speed was recorded averaging 336.1 megabits per second (Mbps), making it the worlds second-fastest, behind only Saudi Arabias 377.2 Mbps. Industry tracker Opensignal, tracked data between July 1...

S. Korea's 5G users reject compensation over network quality

Oct 21, 2020 02:23 am UTC| Business

Most of the 18 5G users offered between 50,000 won to 350,000 won by South Koreas three major telecom operators for their mediocre 5G services rejected the compensation, demanding that more users be...

SK hynix to acquire Intel's NAND business for 10.3 trillion won

Oct 21, 2020 01:45 am UTC| Business

SK hynix Inc. will acquire Intel Corp.s NAND business in a deal worth 10.3 trillion won to boost its chances of becoming the worlds second-largest NAND flash chipmaker. The deal includes Intels solid-state drive (SSD)...

3211 3212 3213 3214 3215 3216 3217 3218 3219 3220

Economy

Asian Stocks Tumble as Tech Selloff Deepens Ahead of Fed Decision, Big Tech Earnings

Asian stock markets posted steep losses on Wednesday as a sharp technology sector selloff continued for a second day, with South Korea leading regional declines ahead of the U.S. Federal Reserves policy announcement and...

Gold Price Holds Near $4,025 Ahead of Fed Decision as Middle East Tensions Lift Oil

Gold prices traded little changed during Asian trading on Wednesday as investors stayed cautious ahead of the U.S. Federal Reserves closely watched interest rate decision, while renewed geopolitical tensions in the Middle...

Hong Kong Home Prices Extend Winning Streak With 13th Straight Monthly Gain in June

Hong Kong home prices continued their upward momentum in June, marking the 13th consecutive month of gains, although the pace of growth slowed as the property market faced fresh economic headwinds. According to data...

Oman Proposes Strait of Hormuz Plan as U.S., Iran Remain Divided Over Shipping Fees

Oman has presented Iran with a Gulf-backed proposal aimed at restoring stability in the Strait of Hormuz, including a system of voluntary contributions from ships using the strategic waterway, according to Reuters citing a...

Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist

Chiles central bank left its benchmark interest rate unchanged at 4.5% on Tuesday, in line with market expectations, as policymakers weighed persistent inflation against slowing domestic economic activity and ongoing...

Politics

California ICE Detention Center Found to Have Inadequate Medical Care, Court Monitor Says

A court-appointed monitor has concluded that Californias largest immigration detention center failed to provide adequate medical care to detainees, finding the facility out of compliance with a previous federal court order...

US Intercepts Iranian Ballistic Missiles as Middle East Tensions Escalate

The U.S. military said it successfully intercepted multiple ballistic missiles launched by Iran toward American forces in the Middle East on Tuesday, describing the attack as an attempted surprise strike amid heightened...

Trump, Zelenskiy Discuss Patriot Missile Production and Ukraine Peace Talks

U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy met in Washington on Tuesday to discuss reviving peace negotiations with Russia, expanding Ukraines air defense capabilities, and strengthening...

U.S., Saudi Forces Launch Precision Strikes on Iran-Backed Militants in Iraq

The U.S. military announced Tuesday that American and Saudi Arabian armed forces carried out coordinated precision strikes in Iraq targeting Iran-backed militant groups accused of threatening regional security. According...

Zelenskiy Urges Trump for More Anti-Ballistic Missile Systems to Strengthen Ukraine Defense

Ukrainian President Volodymyr Zelenskiy said on Tuesday that he used his visit to Washington to press U.S. President Donald Trump and key U.S. senators for additional anti-ballistic missile systems and interceptors,...

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

X Challenges Australia’s Expanded Social Media Ban Enforcement Powers

Elon Musks social media platform X has criticized Australias proposal to expand the powers of its online safety regulator, arguing the changes could conflict with U.S. law, threaten international legal principles, and...

Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation

Meta CEO Mark Zuckerberg has urged the U.S. government not to prohibit advanced Chinese artificial intelligence models, arguing that such restrictions would not help the United States maintain its competitive edge in the...

Trump Administration to Ban Chinese Robots, Power Inverters Over AI Security Concerns

The Trump administration is set to introduce new restrictions on Chinese technology imports, targeting advanced robots and power inverters as part of a broader effort to strengthen U.S. national security and protect the...

TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake

Taiwan Semiconductor Manufacturing Co. (TSMC), the worlds largest contract chipmaker, has started gradually restoring operations at its Japan semiconductor facility after a powerful earthquake in Kumamoto Prefecture forced...

SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth

SK Hynix reported record second-quarter earnings as surging demand for artificial intelligence memory chips and stronger memory pricing drove exceptional growth, reinforcing its position as one of the biggest beneficiaries...