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

Become a contributor

Bookmark Econotimes

Sat, Apr 04, 2026 12:38 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

William Hauk

Associate Professor of Economics, University of South Carolina

I am an Associate Professor of Economics at the Darla Moore School of Business at the University of South Carolina, where I teach international trade and intermediate macroeconomics. I do research on issues related to international trade, political economy, and economic growth.

Brexit could spell the end of globalization, and the global prosperity that came with it

Jan 14, 2020 23:38 pm UTC| Insights & Views Economy

The U.K. House of Commons has finally voted for Brexit. If the plan passes the House of Lords without much delay, the U.K. will leave the European Union several years after a 2016 referendum set it down this path. More...

How Congress lost power over trade deals – and why some lawmakers want it back

Jul 10, 2019 03:24 am UTC| Insights & Views

Some in Congress want to wrest control of trade policy back from the president. It might surprise you to learn that lawmakers ever had it. Until the 1930s, it was Congress that set the terms of U.S. trade negotiations...

Why Trump's threat to slap tariffs on foreign steel is a bad idea

Jul 18, 2017 12:35 pm UTC| Insights & Views Economy

During the 2016 presidential campaign, Donald Trump attracted a lot of support by promising to restore jobs to the American manufacturing sector. One sector that has been hit hard by purportedly unfair foreign...

Economy

March 2025 Jobs Report: Strong Headline Numbers Hide Deeper Economic Concerns

The U.S. labor market showed resilience in March 2025, with employment growth rebounding sharply after a sluggish February and the unemployment rate dipping unexpectedly to 4.3%. However, beneath the encouraging surface,...

UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire

Abu Dhabi authorities have temporarily halted operations at Habshan, the United Arab Emirates largest natural gas processing facility, following a devastating attack that triggered a major fire at the site. The incident...

Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts

President Donald Trump has unveiled a bold federal budget proposal for fiscal year 2027, signaling a dramatic realignment of national spending priorities. The plan centers on a significant expansion of military funding...

U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict

A U.S. military aircraft was shot down by Iranian forces on Friday, marking a significant escalation in the ongoing five-week conflict between the United States, Israel, and Iran. Both nations confirmed the incident, with...

U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty

The U.S. labor market is expected to post modest gains in March, recovering from Februarys sharp drop of 92,000 jobs, but persistent headwinds are keeping economists cautious. A Reuters poll forecasts nonfarm payrolls...

Politics

U.S. F-15E Shot Down Over Iran: One Crew Member Recovered Amid Escalating Conflict

A United States F-15E Strike Eagle fighter jet has been shot down over Iranian territory, marking the first confirmed incident of its kind since the start of the nearly five-week conflict between the U.S., Israel, and...

U.S.-Iran War Escalates: Downed Fighter Jet, Stalled Ceasefire Talks, and Ground Invasion Fears

Tensions between the United States and Iran have reached a dangerous new peak following the downing of a U.S. F-15E fighter jet over Iranian territory the first time Tehran has shot down an American aircraft since the...

Judge Blocks DOJ Subpoenas in Federal Reserve Investigation, Delaying Powell Succession

A federal judge in Washington, D.C. has once again ruled against the Justice Departments efforts to revive a criminal investigation targeting Federal Reserve Chair Jerome Powell, dealing another significant blow to what...

Congo in Talks With Trump Administration to Accept Third-Country Deportees

The Democratic Republic of Congo is reportedly in discussions with the Trump administration about accepting deportees from third countries individuals who are not Congolese nationals but were living in the United States...

Russia's Easter Strikes Kill Multiple Civilians Across Ukraine

In a significant escalation of its ongoing war against Ukraine, Russia launched a massive daytime strike on Friday, killing at least six people across multiple regions, including Kyiv, Zhytomyr, Donetsk, and Kharkiv....

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

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Digital Currency