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

Become a contributor

Bookmark Econotimes

Technology

Sat, May 18, 2024 06:26 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Hyundai unveils IONIQ 5: first vehicle based on own EV platform

Feb 24, 2021 00:49 am UTC| Business Technology

Hyundai Motor Co. unveiled the midsize crossover utility vehicle IONIQ 5, its first model embedded with its EV-only electric-global modular platform (E-GMP), The IONIQ 5 will be launched in Europe next month,...

Samsung Heavy agrees to $149 million settlement in Brazil over bribery probe

Feb 24, 2021 00:37 am UTC| Economy Technology

Samsung Heavy Industries Co. has agreed to pay US$149 million in a leniency settlement with Brazilian state prosecutors and auditors over a graft probe surrounding the companys drillship orders. The company settled with...

Google Korea persuading Google Inc. to lower in-app commission rate

Feb 24, 2021 00:31 am UTC| Business Technology

Google Korea is persuading Google Inc. to lower its planned 30 percent commission on in-app purchases amid complaints from local software developers over steep commission costs. Representatives of the South Korean unit...

Samsung Galaxy devices will get ‘regular’ security updates a year longer than Google supports Pixel phones

Feb 23, 2021 09:43 am UTC| Technology

Samsung announced a major development in the way it supports Galaxy devices. The company revealed a new plan that would give its hardware products better software support than Googles own Pixel smartphones. Samsung...

Huawei Mate X2 release date, specs: How it improves Samsung’s Galaxy Fold design

Feb 23, 2021 09:28 am UTC| Technology

Huawei officially unveiled the Mate X2 on Monday and confirmed the previously reported design overhaul. As seen by many through online leaks, the device adopts a new form factor that gives the device a folding mechanism...

iPhone 12 sales: Apple overtakes Samsung, dominates global smartphone market share with nearly 80 million units shipped in late 2020

Feb 23, 2021 09:08 am UTC| Technology

Apple had the highest number of smartphones sold in the last quarter of 2020. The iPhone maker dominated the global market with close to 80 million units shipped in the said period. Apple leads smartphone sales in Q4...

Apple March 2021 event: AirTags, iPad Pro, and Magic Keyboard announcements are reportedly happening

Feb 23, 2021 08:36 am UTC| Technology

Apple is anticipated to announce several products in the first half of the year, and many fans are counting on some of them being launched in March. However, known leak sources currently have different details about Apples...

771 772 773 774 775 776 777 778 779 780

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

Altcoins Expected to Yield 2x-5x Gains by May End: Fetch.AI, Floki, AAVE, ENA

The latest climb in Bitcoins price beyond $65,000 on Wednesday sparked a new relief rally in the cryptocurrency market. Top altcoins are also profiting from the upward momentum, recovering from recent downturn tendencies....

US Orthodontic Leader Accepts Shiba Inu, Embracing Cryptocurrency for Payments

Shiba Inu, the popular meme coin, is experiencing a period of growth and increased utility. Amoré Orthodontic Aligners, a company that specializes in orthodontic care, recently announced that it will now accept SHIB...

Crypto Lender Genesis to Return $3 Billion in Bankruptcy Wind-Down Amid Rising Creditor Haircuts

Crypto lender Genesis Global received court approval to return nearly $3 billion to customers, while a report highlights a significant increase in creditor haircuts in bankruptcy cases to 73% in FY24. Judge Approves...

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,...