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

Become a contributor

Bookmark Econotimes

Technology

Tue, Sep 01, 2026 10:13 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Sony PlayStation Announces Major Layoffs, Shuts Down London Studio Amid Industry Shifts

Feb 28, 2024 02:58 am UTC| Business Technology

Sony Interactive Entertainment LLC announced on Tuesday, Feb. 27, that it will be laying off eight percent of its global workforce. The video game and digital entertainment unit of Sony Corporation is set to let go of 900...

OpenAI Fights Back: The New York Times Accused of Misusing AI in Copyright Clash

Feb 28, 2024 02:37 am UTC| Technology

OpenAI asserts that The New York Times used deceptive prompts to induce ChatGPT to regurgitate its content in a motion filed on Monday. The company is petitioning the U.S. District Court in southern New York to dismiss...

Apple Car Project Hits the Brakes, Shifts Focus to Generative AI Initiatives

Feb 28, 2024 01:49 am UTC| Technology

Apple discontinues its electric car project, Project Titan, redirecting its 2,000-person team towards generative AI initiatives, following internal announcements by executives. Apples Electric Car Project is Dead On...

Tyler Perry Halts $800M Studio Expansion, Stunned by OpenAI's Sora Cinematic AI

Feb 27, 2024 14:52 pm UTC| Technology

The preview of Sora alone was enough to send many filmmakers around the world into a tizzy. Earlier this month, Sam Altmans OpenAI showcased its latest text-to-video model, Sora. The new AI model can create one-minute-long...

iPhone 17 Series to Revolutionize with ProMotion Always-On Displays

Feb 27, 2024 14:07 pm UTC| Technology

iPhone 17 and iPhone 17 Plus will feature low-power backplane technology integrated into OLED displays for the upcoming year, introducing ProMotion to Apples standard iPhone models. Transition to ProMotion: Elevating...

US DOE Invests $30M to Strengthen EV Battery Supply, Aims for Circular Economy

Feb 27, 2024 14:00 pm UTC| Technology

The Department of Energy (DOE) of the United States has declared a $30 million investment to bolster the domestic electric vehicle cell supply chain. DOEs ARPA-E Launches CIRCULAR Initiative for Sustainable Battery...

Netmarble Unveils 'Arthdal Chronicles' RPG: A New Era of K-Drama Games

Feb 27, 2024 09:53 am UTC| Business Technology

Netmarble, a leading mobile game developer in South Korea, is set to release new and exciting major titles within the first half of this year. The company also unveiled its ambitious plans for this year, including adapting...

831 832 833 834 835 836 837 838 839 840

Economy

German Retail Sales Drop 3.4% in July

German retail sales fell sharply in July, significantly missing market expectations and raising fresh concerns about consumer demand in Europes largest economy. Retail sales declined 3.4% in July compared with the previous...

Global Markets Brace for Fed Rate Hike as Oil Tops $91

The Japanese yen stabilized near the critical 160-per-dollar level on Tuesday as currency markets remained cautious amid rising U.S. interest-rate expectations, renewed U.S.-Iran tensions and surging oil prices. USD/JPY...

Bessent Urges Japan on Fiscal Discipline, BOJ Rate Hikes

U.S. Treasury Secretary Scott Bessent has urged Japanese policymakers to outline a credible path toward fiscal sustainability and higher interest rates as pressure on the yen and government bond markets intensifies,...

Japan Bond Yields Top 3% as Inflation, Fiscal Risks Rise

Japans benchmark government bond yields climbed above 3% on Tuesday for the first time since September 1996, as investors weighed persistent inflation, growing fiscal concerns and expectations for further interest rate...

India Manufacturing Growth Slows to Five-Year Low in August

Indias manufacturing sector expanded at its weakest pace in five years in August as softer demand weighed on new orders, production and employment, according to the latest private-sector survey. The HSBC India...

Politics

US Approves $800 Million Helicopter Sale to Iraq

The U.S. State Department has approved a potential $800 million military helicopter sale to Iraq, strengthening defense cooperation between Washington and Baghdad as Iraq continues efforts to modernize its armed forces....

China Warns Over Taiwan’s Pacific Islands Forum Presence

China has raised strong objections to Taiwans participation in the Pacific Islands Forum in Palau, warning of unspecified consequences as tensions over Beijings influence in the Pacific take center stage at the regional...

U.S., New Zealand Fund $60M Cook Islands Port Upgrade

The United States and New Zealand will jointly fund a major upgrade of a World War Two-era port in the Cook Islands, strengthening Western infrastructure investment in the Pacific as China expands its regional influence....

South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips

South Korea has proposed a record 821 trillion won ($596.92 billion) government budget for 2027, sharply increasing fiscal spending as the country seeks to strengthen its position in artificial intelligence, semiconductors...

Ukraine Sanctions Chief Heads to Washington to Push Russia Bill

Ukraines top sanctions official will visit Washington this week to press U.S. lawmakers to approve sweeping new Russia sanctions legislation that has already cleared the Senate but faces resistance in the House of...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

OpenAI Rejects Apple Trade Secret Theft Claims

OpenAI has denied Apples allegations that it obtained confidential trade secrets through former Apple employees, arguing that the iPhone maker has failed to provide evidence showing proprietary information was stolen. In a...

MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment

MediaTek shares surged nearly 10% on Tuesday after Nvidia announced a $3.5 billion investment in the Taiwanese semiconductor designer, strengthening a strategic partnership focused on artificial intelligence...

Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates

Apple veteran Phil Schiller has stepped away from overseeing the App Store and the companys high-profile product launch events, marking another major leadership change as the iPhone maker prepares for a new era under...

SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says

SpaceX (NASDAQ: SPCX) could spend between $50 billion and $130 billion, including spectrum costs, to develop a standalone terrestrial network supporting its direct-to-device mobile service, according to Bernstein analysts....

Faraday Future Delivers First Robots in Middle East, Plans September Launches

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) has completed its first robotics sale and delivery in the Middle East, marking an early milestone in the electric vehicle and AI technology companys regional...