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

Become a contributor

Bookmark Econotimes

Technology

Wed, Sep 02, 2026 11:04 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Replacing frontline workers with AI can be a bad idea — here's why

Oct 31, 2023 09:17 am UTC| Technology

AI chatbots are already widely used by businesses to greet customers and answer their questions either over the phone or on websites. Some companies have found that they can, to some extent, replace humans with machines...

Google CEO Defends $26B Payments Amid Antitrust Scrutiny, Cites User Experience Boost

Oct 31, 2023 09:02 am UTC| Business Technology Law

In a major antitrust case, Google CEO Sundar Pichai defended his companys practice of paying tech giants, including Apple, as the default search engine on their devices. Pichai stated that the intention was to enhance the...

AIs could soon run businesses – it’s an opportunity to ensure these 'artificial persons' follow the law

Oct 30, 2023 10:54 am UTC| Technology

Only persons can engage with the legal system for example, by signing contracts or filing lawsuits. There are two main categories of persons: humans, termed natural persons, and creations of the law, termed artificial...

Hanwha Group Aims to Automate 70% of Shipbuilding via AI, Robotics

Oct 30, 2023 09:32 am UTC| Business Technology

Hanwha Group invited reporters to its shipyard on the island of Geoje last Friday to unveil efforts to automate up to 70 percent of shipbuilding processes. By leveraging artificial intelligence (AI), robotics, and...

Elon Musk's X Corp. Unveils Two New Premium Subscription Plans to Boost Revenue

Oct 28, 2023 04:57 am UTC| Business Technology

Elon Musks social media platform, X, also formerly known as Twitter, expanded its subscription plans by introducing two new premium tiers. The company reportedly added these in a bid to bolster its subscription...

Amazon's Cloud Business Soars 7%, Setting Stage for AI Showdown With Microsoft

Oct 28, 2023 04:46 am UTC| Business Technology

Amazon.com saw a 7% rise in its stock on Friday, driven by accelerated growth in its highly profitable cloud business. The e-commerce giant intends to secure a larger share of the thriving artificial intelligence market,...

Apple Watch Faces Import Ban After ITC Ruling on Masimo Patent Violation

Oct 28, 2023 03:42 am UTC| Business Technology

The U.S. International Trade Commission (ITC) has issued an order that could potentially bar Apple from importing its Apple Watches. The decision comes after the ITC found that the devices violate the patent rights of...

951 952 953 954 955 956 957 958 959 960

Economy

US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks

U.S. technology giants are rapidly increasing their presence in the euro zone bond market as they seek funding for massive artificial intelligence investments, potentially raising borrowing costs for companies and...

FTSE 100 Falls as US-Iran Conflict Drives Oil Prices Higher

British stocks declined on Wednesday as escalating military tensions between the United States and Iran pushed oil prices higher and weakened investor appetite for risk across European markets. The FTSE 100 fell 0.30% by...

Treasury Yields Set to Stay High as Debt Supply Pressures Bond Market

Long-term U.S. Treasury yields may remain elevated as persistent inflation, rising government debt and changing investor demand make it increasingly difficult for policymakers to reduce borrowing costs. Treasury Secretary...

Asian Currencies Weaken as Dollar Rises, Kiwi Slides After RBNZ Hike

Asian currencies mostly weakened on Wednesday as the U.S. dollar traded near a two-week high, while the New Zealand dollar fell sharply despite the Reserve Bank of New Zealand raising interest rates. The kiwi dropped to...

Dollar Hits Two-Week High as Iran Conflict Lifts Oil and Bond Yields

The U.S. dollar hovered near a two-week high on Wednesday as escalating Middle East tensions pushed oil prices higher, fueling inflation concerns and lifting global bond yields. The dollar index rose 0.11% to 99.79, its...

Politics

Greenland Says US Talks Remain Ongoing

Greenlands Foreign Minister Mute Egede said Wednesday that negotiations with the United States over the Arctic islands future remain underway, although he declined to disclose details of the discussions. Speaking during a...

US, Australia Pledge $580 Million for Pacific Islands

The United States and Australia announced a combined $580 million funding package for Pacific Island nations on Wednesday, stepping up regional support as competition with China for influence across the Pacific...

Ed Markey Wins Massachusetts Democratic Senate Primary

U.S. Senator Ed Markey secured the Democratic nomination for another term in Massachusetts on Tuesday, defeating Representative Seth Moulton in a closely watched primary that highlighted debates over age, experience and...

USS Abraham Lincoln Arrives in Thailand After Record 200 Days at Sea

The U.S. Navy aircraft carrier USS Abraham Lincoln arrived at Thailands Laem Chabang port on Wednesday morning after spending more than 200 consecutive days at sea, including an extended deployment in the Middle East....

US Strikes Iran as Tehran Retaliates, Oil Prices Surge

The United States launched a major wave of airstrikes against Iran on Tuesday, triggering Iranian missile and drone attacks across the Middle East and marking the sharpest escalation in the conflict in weeks. The U.S....

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

MongoDB Stock Sinks 14% as Atlas Growth Misses Expectations

MongoDB (NASDAQ: MDB) shares plunged more than 14% in premarket trading Wednesday despite stronger-than-expected fiscal second-quarter 2027 results, as investors focused on the lack of growth acceleration in the companys...

Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability

Lenovo Group shares came under pressure on Wednesday after a security breach at Dropbox revealed a vulnerability connected to the Chinese technology companys Lenovo ID authentication service. Dropbox said approximately...

OpenAI Nears Astra AI Model Launch With Safety Focus

OpenAI is preparing to launch its next-generation artificial intelligence model, Astra, with CEO Sam Altman signaling that the release could arrive soon as the company increases its focus on AI safety and cybersecurity....

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...