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

Become a contributor

Bookmark Econotimes

Economy

Sun, May 05, 2024 10:57 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

S. Korea's cosmetics exports up 15% in 2020

Apr 26, 2021 09:33 am UTC| Economy Business

South Koreas exports of cosmetics shot up 15 percent in 2020 from the US$6.12 billion a year earlier, according to the data compiled by the Korea Customs Service and the Korea Cosmetic Association. South Koreas...

Lee Jae Yong: Samsung heir on spotlight after helping secure 20 million additional Pfizer COVID-19 vaccines

Apr 26, 2021 09:31 am UTC| Business Economy

Lee Jae Yong, the Samsung Electronics jailed chairman and company heir, was said to have a hand in closing the deal between South Korea and Pfizer for additional 20 million COVID-19 vaccines. This is why he is receiving...

Hyundai Motor may set up Ioniq 5 EV production facility in the US

Apr 26, 2021 08:42 am UTC| Business Economy

The chairman of Hyundai Motor Group, Chung Eui Sun, went to the U.S. not long ago. It is believed that the executive visited the nation to seek clarity on President Joe Bidens plans to step up the eco-friendly efforts in...

GDC Technics to lay off over 200 workers after Boeing scraps Air Force One contract

Apr 26, 2021 08:25 am UTC| Business Economy

GDC Technics was forced to implement job cuts, and the companys chief executive officer, Brad Foreman, explained that this is the direct result of Boeings sudden cancellation of its Air Force One contract. It was revealed...

Samsung C&T reportedly establishing $673 million solar plants in Texas

Apr 26, 2021 06:59 am UTC| Business Economy

Samsung CT, the South Korean electronic companys unit, is said to be thinking of establishing its own solar power plants that will entail a $673 million investment. The plan is to set it up in Texas, U.S.A. and the main...

McDonald's Singapore virtually reunites families for a meal at My Happy Table

Apr 24, 2021 14:52 pm UTC| Economy

McDonalds Singapore has launched a physical activation that uses technology and camera setup dubbed My Happy Table to help Singapore-based individuals reunite with their family in Malaysia. Through My Happy Table,...

Seoul seizes cryptocurrencies from tax delinquents

Apr 24, 2021 14:42 pm UTC| Economy Business

The city government of Seoul has seized cryptocurrencies of 676 top tax delinquents who hid their assets in digital form, who owed the government 28.4 billion won in overdue taxes. Seouls tax collection department found...

1221 1222 1223 1224 1225 1226 1227 1228 1229 1230

Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

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...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Bitfinex CTO Deems Database Breach Claims 'Fake' Amidst Hacker Allegations

Bitfinexs Chief Technology Officer Paolo Ardoino has cast doubts on claims of a database breach by hacker organization FSOCIETY, branding the allegations as fake. Ardoino refuted the purported leak of 22,500 user emails...

Walmart Spotted with Tesla Semi in California as True Launch Date Revealed

Walmarts adoption of a Tesla Semi hit the California highways, signaling the electric trucks expanding reach. The sighting follows Teslas revelation of a late 2025 and early 2026 launch window for the highly anticipated...

Altcoin Market Rally Predicted, Analysts Forecast $4 Trillion Market Cap Surge

Analysts are predicting a substantial rally in the altcoin market, with projections indicating a surge that could drive the market cap to an impressive $4 trillion. This optimistic outlook is supported by positive economic...

Shiba Inu's Remarkable 12% Surge Fueled by Record SHIB Burns, Community Momentum

Shiba Inus ascent reaches new heights as the cryptocurrency experiences a remarkable 12% surge, fueled by record-breaking SHIB burns. The surge reflects robust community engagement and underscores the dynamic nature of the...

Leak: Huawei's Kirin PC Chip, Qingyun Notebooks to Launch Next Month

Leaked information hinting at the imminent debut of the highly anticipated Kirin PC chip alongside the release of new Qingyun notebooks. The introduction of this computer-dedicated CPU marks a significant milestone for...