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

Become a contributor

Bookmark Econotimes

Economy

Wed, May 01, 2024 12:43 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

DAZN to cover extreme sports as part of Red Bull TV global distribution deal

May 05, 2022 23:49 pm UTC| Sports Economy Business

DAZN will add live extreme sports to its content offering through Red Bull TV as part of its multi-year distribution deal with Red Bulls multimedia arm to stream the energy drink giants linear channel on its global...

Chipotle may add dessert to the menu, testing Garlic Guajillo steak in select locations

May 05, 2022 11:16 am UTC| Business Economy

Chipotle Mexican Grill may be expanding its menu to add new desserts, and this was suggested by the companys own chief executive officer, Brian Niccol. It was reported that during the fast-food chains earnings call for the...

Netflix sued by shareholders after subscriber loss disclosure

May 05, 2022 11:11 am UTC| Business Economy

Netflix Inc. has been sued by its shareholders after accusing it of violating securities law and alleged misleading statements related to its subscriber expectations and other things. The lawsuit has been filed by Imperium...

Starbucks to increase employees’ salaries, improve training with $1B investment to counter unions

May 05, 2022 11:02 am UTC| Business Economy

Starbucks is making a move to counter the push for unions. It was reported that the coffee chain brand is investing $1 billion to increase the wages of workers and offer double training perks. It was said that the new...

Samsung introduces Pro Endurance memory card that can record non-stop for 16 years

May 05, 2022 09:58 am UTC| Business Economy

Samsung Electronics introduced its latest product this week, and it is a memory card that can record continuously for up to 16 years. It is a micro SD card designed for surveillance cameras, and there is no need to replace...

Amazon closing down Six Whole Foods Market outlets in the US

May 05, 2022 09:24 am UTC| Business Economy

Amazon announced it would be shutting down six locations of its Whole Foods Market stores in the coming months. The affected ones are the outlets in U.S. states, including Brookline, Massachusetts; Tarzana, California;...

Elon Musk says Twitter may collect fees from businesses, government users

May 05, 2022 09:20 am UTC| Business Economy

Twitter agreed to be acquired by Elon Musk for $44 billion, and barely two weeks after the reports came out, the 50-year-old business magnate has been sharing some changes that can be expected once he takes over. Now it...

721 722 723 724 725 726 727 728 729 730

Economy

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...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Science

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,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Sam Altman Hints at Link Between OpenAI and Mysterious 'GPT2-Chatbot'

An unexpected new player, the GPT2-Chatbot, has captured the attention of the AI community by possibly outperforming OpenAIs renowned GPT-4 model, according to recent reports. Unresolved Origins of...

Blockstream CEO Adam Back Highlights Unique Aspects of Hong Kong's Bitcoin, Ethereum ETFs

Adam Back, CEO of Blockstream, recently detailed the unique characteristics of Hong Kongs newly launched Bitcoin and Ethereum ETFs on X, emphasizing their in-kind redemption model, which sets them apart from their U.S....

Massive 624 Billion SHIB, PEPE Purchase by Whales Could Signal More Rallies

Recent on-chain data reveals that whales have amassed 624 billion SHIB and PEPE coins, injecting a wave of optimism and triggering speculation about sustained upward trends in the prices of these meme coins. Whales...

Apple Escalates AI Talent War, Poaches 36 Google Experts for Zurich Initiative

Stepping up its AI game, Apples Zurich lab has successfully attracted 36 experts from Google, marking a significant expansion in its artificial intelligence (AI) operations. Apples Aggressive AI Talent...

Binance's CZ Partners with OpenAI's Altman on AI Investment Venture

Changpeng Zhao, the former CEO of Binance, is engaging in strategic talks with OpenAI CEO Sam Altman to explore potential investments in artificial intelligence. This collaboration comes as Zhao faces significant legal...