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

Become a contributor

Bookmark Econotimes

Economy

Wed, May 22, 2024 03:14 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

S. Korea's POSCO to produce eco-friendly knives with scrap metal

Nov 10, 2021 23:27 pm UTC| Nature Economy Business

POSCOs collaboration with local social venture firm Zainer to produce eco-knives by upcycling scrap metal was unveiled on crowdfunding platform Wadiz. The funding project will continue until Nov. 29. The eco-knives...

Arla Foods to implement five-year strategy for sustainable dairy production

Nov 10, 2021 23:23 pm UTC| Nature Economy Business

Arla Foods will boost its dairy production investments In the next five years in such areas as sustainability, product innovation, capacity expansion, and digitalization by over 40 percent to more than 4 billion. The...

Hyundai reveals name of its flying vehicles subsidiary in the U.S.

Nov 10, 2021 11:10 am UTC| Business Economy

Hyundai Motor finally announced the name of its urban air mobility (UAM) unit that is based in the United States. On Tuesday, Nov. 9, the South Korean automaker said it is calling its subsidiary Supernal. Hyundai Motor...

Twitter activates Blue subscription service for US users

Nov 10, 2021 10:48 am UTC| Business Economy

Twitter unveiled its Blue subscription service, and users in the United States and New Zealand can start using the available offers such as access to around 300 news sites without any ads. The microblogging and social...

United Airlines discontinues flights to 11 cities in the US

Nov 10, 2021 10:43 am UTC| Business Economy

United Airlines was revealed to be pulling out from servicing at least 11 minor cities in the United States. The airline has removed the locations from its regional routes and this was said to be one of the negative...

Sony investing $500M in TSMC's new chip factory in Japan

Nov 10, 2021 10:18 am UTC| Business Economy

Sony Group Corp. and Taiwan Semiconductor Manufacturing Co. are cooperating to build a new chip plant in Japan. The Japanese multinational company headquartered in Tokyo is contributing to the project by agreeing to invest...

GE announces its division into three separate companies

Nov 10, 2021 09:51 am UTC| Business Economy

GE is a big company with many divisions and offers a number of products. Now it wants to improve and expand each of these units so it decided to split the company into three separate firms. As per CNBC, General Electric...

951 952 953 954 955 956 957 958 959 960

Economy

Interest rates: the ugly dilemma facing Europe’s central banks – and why it’s a mistake to cut too soon

Central banks in Europe are discovering an old dilemma: when they lower interest rates because inflation is slowing down, its likely to weaken their currencies. This in turn may delay the fall in inflation towards their...

Europe is still in short-term crisis mode over Ukraine and lacks a vision for its post-war identity

Some believe that the war in Ukraine has fundamentally changed Europe, giving birth to a different kind of European order. That is, it appears to be driving structural shifts in the way Europe is run and organised that...

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal...

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...

Politics

Gabon: post-coup dialogue has mapped out path to democracy – now military leaders must act

At the end of April 2024, a long and peaceful process of national dialogue in Gabon between the military junta, presided over by coup leader General Brice Oligui Nguema, and civil society, represented by 580 civilians,...

How German media attention idealises female Ukrainian refugees

According to the latest available data, around 3.7 million Ukrainians are internally displaced, while nearly 6.5 million have registered as refugees globally. With 1.13 million, Germany has taken in the largest...

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africas 2024 national and provincial general elections, set for 29 May. The countrys social grants system is one...

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...

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

Grayscale Eliminates Staking from Its Spot Ethereum ETF Plan Amid Industry-Wide Changes

Grayscale Investments has removed staking from its spot Ethereum ETF proposal, aligning with industry trends and SEC recommendations. This strategic shift was revealed in an updated proxy statement filed on May...

5 Ethereum ETF Bidders Amend SEC Filings, Signal Potential Market Shift

In a pivotal development, five U.S. asset managers have amended their SEC filings for Ethereum ETFs, signaling potential market shifts and heightened investor interest. Prominent Asset Managers Amend Ethereum ETF...

UAE, US Strengthen AI Partnership; Alibaba, Baidu Slash Chatbot Model Costs

The UAE and the US are set to deepen their AI investments, while Alibaba and Baidu announce substantial reductions in chatbot model costs. US and UAE to Boost AI Investments Emirates state minister for AI Omar Sultan...

Ether ETFs May Boost ETH to $10K, but Approval Delayed Until 2025

While the ETF licensing procedure could take until 2025, it could be Ethers most important price catalyst. Spot Ether ETFs Could Drive ETH Price to $10,000 by End of 2024, Says Nexos Stoychev Legalizing spot Ether...

Solana Could Surge After Ethereum ETF Approval: Matrixport Co-founder Predicts

The broader cryptocurrency market has risen today due to speculation over the likely approval of the Spot Ethereum ETF by the US SEC. However, amid the euphoria, Matrixport co-founder Daniel Yans recent comments have...