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

Become a contributor

Bookmark Econotimes

Economy

Wed, Dec 24, 2025 08:45 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

A Twosome Place Korean coffee chain acquired by Carlyle Group

Nov 22, 2021 05:34 am UTC| Business Economy

A Twosome Place, a coffee house chain based in South Korea, has been purchased by Carlyle Asia Partners V, the buyout and strategic investment unit of The Carlyle Group. The deal involves 100% acquisition of Koreas...

Atlanta Hawks' Trae Young keeps Adidas shoes flying off shelves with new snakeskin colorway

Nov 21, 2021 22:07 pm UTC| Sports Economy Business

Atlanta Hawks guard Trae Young debuted the Snakeskin colorway of the Adidas Trae Young 1 in a game against the Charlotte Hornets last Saturday. The slippery colorway was first seen online a few weeks ago. So far,...

Adidas collaborates anew with The Simpsons for 'pet cat' shoe

Nov 21, 2021 21:47 pm UTC| Life Economy Business

Adidas is again collaborating with The Simpsons for a new sneaker dubbed upcoming Snowball Superstar, inspired by the cartoon familys pet cat. Based on official Adidas product images, the shoe doesnt stray far from the...

California man sentenced to 3 years for operating unlicensed bitcoin exchange biz

Nov 21, 2021 21:03 pm UTC| Law Digital Currency Economy

Hugo Sergio Mejia of California has been sentenced to three years in federal prison for operating an unlicensed cryptocurrency exchange business that transacted $13 million worth of bitcoin and cash, often for drug...

Canadian teen arrested for allegedly stealing crypto worth $36 million

Nov 21, 2021 20:41 pm UTC| Digital Currency Law Economy

A teenager from Hamilton, Ontario has been arrested in Canada for allegedly stealing $36 million dollars worth of cryptocurrency, described as the largest crypto theft by a single person. The Canadian committed the...

Nike has wasteful habit of destroying returned sneakers: German reporters

Nov 19, 2021 17:08 pm UTC| Nature Economy Business Sports

German reporters alleged that Nike has been destroying new shoes that have been returned instead of reselling them. A report by NDR, Die Zeit, and research startup Flip revealed that the sportswear giant sent new,...

Burger King Japan offers Super One Pound Beef Cheeseburger to celebrate Good Meat Day

Nov 19, 2021 17:08 pm UTC| Economy Business Life

To celebrate Good Meat Day on November 29, Burger King Japan is offering the Super One Pound Beef Cheeseburger. The burger has four flame-broiled all-beef patties collectively weighing 1.1 pounds and housed in a sesame...

1591 1592 1593 1594 1595 1596 1597 1598 1599 1600

Economy

Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched

Asian stock markets traded mostly flat on Wednesday as subdued year-end trading volumes and holiday-thinned liquidity limited investor activity across the region. With Christmas and New Year holidays approaching, many...

US and Japan Fast-Track $550 Billion Strategic Investment Initiative

The United States and Japan have agreed to accelerate coordination on their Strategic Investment Initiative, a major bilateral framework backed by a $550 billion fund established under the two countries tariff agreement....

Japan Plans $189 Billion Bond Issuance as Record Budget Signals Expansionary Fiscal Policy

Japan is preparing to issue new government bonds worth approximately $189 billion to help finance a record-breaking national budget for the next fiscal year, according to a draft budget reviewed by Reuters. The move...

BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks

Bank of Japan (BOJ) policymakers actively debated whether to continue raising interest rates toward levels considered neutral for the economy, according to minutes from their October policy meeting released on Wednesday....

Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally

Spot gold surged past the key psychological level of $4,500 per ounce for the first time on Wednesday, marking a historic milestone for the precious metal and reinforcing its status as a preferred safe-haven asset. The...

Politics

Anutin Charnvirakul Named Bhumjaithai PM Candidate Ahead of Thailand’s February Election

Thailands caretaker prime minister Anutin Charnvirakul has been officially selected by the Bhumjaithai Party as its candidate for prime minister in the upcoming general election scheduled for February 8. The decision comes...

EU Condemns U.S. Visa Ban on European Figures, Warns of Firm Response

The European Commission has strongly criticized the United States over its decision to impose a visa ban on five European individuals, including former EU Commissioner Thierry Breton, calling the move unjustified and...

Zelenskiy Urges High-Level Talks With Trump as Ukraine, U.S. Near 20-Point Peace Framework

Ukrainian President Volodymyr Zelenskiy has called for a direct meeting with U.S. President Donald Trump to resolve the most sensitive elements of a potential peace agreement with Russia, particularly issues related to...

U.S. Signs $2.3 Billion Global Health MOUs With Four African Nations

The United States has signed four new global health memorandums of understanding (MOUs) with Madagascar, Sierra Leone, Botswana, and Ethiopia, reinforcing its long-term commitment to strengthening global health security...

U.S. Discusses Migrant Transfer Plan With Palau Despite Lawmaker Opposition

The United States has renewed discussions with Palau over a controversial proposal to transfer third-country nationals to the Pacific Island nation, despite clear resistance from Palaus lawmakers earlier this year....

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...