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

Become a contributor

Bookmark Econotimes

Business

Sun, May 03, 2026 08:40 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

S. Korea's new 5G subscribers reach record high in May

Jun 30, 2020 15:28 pm UTC| Business

South Koreas new 5G subscribers hit a record high 536,997 in May to push the number of total network users to 6.87 million, about 10 percent of the countrys 69.43 million mobile service accounts. The previous monthly...

S. Korean shipbuilders rush to comply with eco-friendly requirements

Jun 30, 2020 15:21 pm UTC| Business

South Koreas shipbuilders led by Hyundai Heavy Industries Co. are scampering to develop eco-friendly power systems for ships to comply with stricter emission regulations. The International Maritime Organization (IMO)...

Drones could replace 25% of labor in Saudi's construction sector

Jun 30, 2020 15:09 pm UTC| Business

Saudi Arabias construction sector will use drones to monitor projects, ensure worker safety, and decrease manual rework as it recovers from the pandemics impact, according to the Rabih Bou Rashid, the CEO of Falcon Eye...

Eastar Jet to revive Jeju Air's takeover by donating 38% of stocks

Jun 30, 2020 15:03 pm UTC| Business

The founding family members of Eastar Jet Co. will donate their entire 38.6 percent stake in the firm to Jeju Air Co. to bring the latters stalled takeover of Eastar back. Rep. Lee Sang-jik of the ruling Democratic...

SK Innovation to increase battery plant investment in US by $940-M

Jun 29, 2020 15:28 pm UTC| Business

SK Innovation Co. will invest $940 million more in expanding its electric vehicle (EV) battery plant in the US. SK Battery America will break ground on the second EV plant with a capacity of 11.7 gigawatt-hours in...

Lotte enjoys 21% spike in sales under K-Sale promo

Jun 28, 2020 23:46 pm UTC| Business

Sales of Lotte Department Store rose 21 percent from Friday to Saturday on-year in the first weekend of the government-led K-Sale. The sales growth marks its highest point since January when the country confirmed the...

Nike warns employees of looming layoffs after posting dismal sales

Jun 28, 2020 15:59 pm UTC| Business

Nike CEO John Donahoe warned employees of looming layoffs after announcing it suffered a sales decrease of 38 percent and a net loss of $790 million in the fiscal fourth quarter. According to an email sent to employees,...

3231 3232 3233 3234 3235 3236 3237 3238 3239 3240

Economy

Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts

Chicago Federal Reserve President Austan Goolsbee has cautioned that recent inflation data presents a challenge for the U.S. central bank, reinforcing a cautious stance on potential interest rate cuts. Speaking in a recent...

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...

Politics

Trump Signals Major U.S. Troop Reduction in Germany Amid NATO Tensions and Trade Disputes

U.S. President Donald Trump announced plans to significantly reduce the American military presence in Germany, going well beyond the previously proposed withdrawal of 5,000 troops. Speaking briefly to reporters before...

Peru Election Results Under Scrutiny as JNE Calls for Comprehensive IT Audit

Perus National Jury of Elections (JNE) has officially requested a comprehensive and exhaustive IT audit of the ongoing general election results, intensifying focus on transparency and electoral integrity in the country....

Trump Signals Possible Renewal of U.S. Strikes on Iran

U.S. President Donald Trump stated on Saturday that the United States could potentially resume military strikes on Iran, highlighting ongoing tensions between the two nations. Speaking to reporters in West Palm Beach,...

Kim Jong Un Highlights Youth Role in North Korea’s Military and Political Agenda

North Korean leader Kim Jong Un recently met with delegates from the ruling partys youth league congress in Pyongyang, reinforcing the governments focus on young people as a driving force behind national development and...

Russian Forces Advance Toward Kostiantynivka as Fighting Intensifies in Eastern Ukraine

Russian troops are steadily advancing toward the strategic city of Kostiantynivka in Ukraines eastern Donetsk region, signaling a renewed push to gain ground near one of Ukraines most heavily fortified defensive zones....

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...