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

Become a contributor

Bookmark Econotimes

Economy

Sat, May 18, 2024 02:29 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Microsoft, Naver subsidiary, four others fined for data leaks

Jun 10, 2021 10:16 am UTC| Economy Technology Law

South Koreas Personal Information Protection Commission (PIPC) slapped penalties, penalty surcharges, and administrative fines on Microsoft, Kakao blockchain subsidiary Ground X, and four other entities for failing to...

Biden withdraws ban on TikTok, WeChat after scrapping Trump’s executive orders against the Chinese companies

Jun 10, 2021 09:29 am UTC| Business Economy

TikTok and WeChat may return to the U.S. now after President Joe Biden lifts the ban on them. The move comes after the leader revoked former President Donald Trumps executive order that led to the blocking of Chinese...

GameStop recruits Amazon execs, announces new CEO and CFO

Jun 10, 2021 08:38 am UTC| Business Economy

GameStop just announced it will start doing business under new leadership. The electronics and gaming retail company has appointed its new chief executive officer and chief financial officer and this was revealed on...

Frito-Lay to invest $200 million in expanding Rosenberg snack facility

Jun 10, 2021 07:52 am UTC| Economy Business

Frito-Lay invested $200 million for adding two manufacturing lines and increasing the warehouse capacity of its Rosenberg site in Texas to be completed by 2023, providing 160 new, full-time jobs. The new manufacturing...

Boeing is reportedly delaying Air Force One planes’ delivery to 2025

Jun 10, 2021 07:12 am UTC| Business Economy

Boeing is reportedly planning to delay the delivery of two units of 747 Air Force One jet to the government. Based on the reports, the planemaker is seeking a one-year extension from the original due date of 2024. What...

Campbell suffers 11% net sales plunge in Q3

Jun 10, 2021 05:46 am UTC| Economy Business

Campbell Soup Company has recorded net sales of $1.98 billion in the third quarter, dropping 11 percent from the $2.24 billion in the same period last year when the pandemics peak triggered an increased demand for food...

Paris Baguette: Korean bakery opens first outlet in Cambodia

Jun 10, 2021 05:20 am UTC| Business Economy

Paris Baguette, one of the most popular bakeries and cafes in South Korea, has landed in Cambodia. The SPC Group, the company that owns the said bakery brand, announced the opening of the very first branch in the regions...

1151 1152 1153 1154 1155 1156 1157 1158 1159 1160

Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

Technology

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Crucial SHIB Warning Goes Out: Fake Airdrop Scams Targeting Community, Here's Reason

The Shiba Inu team has delivered a crucial warning to its community, highlighting the presence of fake SHIB airdrop scams and the importance of safeguarding cryptocurrency assets. Shiba Inu Team Warns Community Against...

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...