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

Become a contributor

Bookmark Econotimes

Business

Fri, May 03, 2024 11:20 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Portugal Golden Visa as Best RCBI (Residency/ citizenship by investment) program in the world!

Apr 30, 2024 08:48 am UTC| Business

Although the Portugal Golden Visa program, an attractive pathway for non-EU investors to gain residency and potential citizenship in Portugal, has undergone a significant transformation. Its appeal remains. A recent...

HSBC Announces Surprise Departure of CEO Noel Quinn

Apr 30, 2024 08:29 am UTC| Business

HSBCs chief executive officer, Noel Quinn, suddenly announced his retirement. The company confirmed on Tuesday, April 30, that its CEO informed the board that he is stepping down from the role he held for five...

Shein Eyes Partnerships with Colgate-Palmolive and Hasbro

Apr 30, 2024 08:12 am UTC| Business

In a strategic move to diversify its offerings and boost its market presence, the online fast-fashion giant Shein is now reaching out to household names such as Colgate-Palmolive and Hasbro. This marks a significant pivot...

KFC Dives Into Perfume Business, Introduces First-Ever BBQ Fragrance

Apr 30, 2024 07:35 am UTC| Business

KFC has a new business, and it is unexpected. The fried chicken chain has entered the perfume business and released a scent inspired by a favorite menu item. KFC introduced its first-ever perfume, the No. 11 Eau de BBQ....

Adidas Reports Robust First-quarter Results Amid Challenges in North America

Apr 30, 2024 06:40 am UTC| Business

Adidas has announced strong first-quarter results for 2024, attributed to significant growth across all regions except North America, where high inventory levels remain challenging. Similar to other apparel and footwear...

Google Cuts Jobs in Key Programming Teams Before Developer Conference

Apr 30, 2024 06:31 am UTC| Business Technology

Google LLC is laying off staff at its Dart, Flutter, and Python programming teams. Their termination was announced just weeks before the company developer conference, which will be held on May 15. Money Control reported...

Goldman Sachs Plans to Offload GM Credit Card Program, Barclays Poised to Take Over

Apr 30, 2024 06:22 am UTC| Business

Goldman Sachs Group Inc. is set to divest its General Motors credit card program. The sale, which will be supervised by General Motors, is part of Goldman Sachs broader effort to streamline its operations and focus on its...

1 2 3 4 5 6 7 8 9 10

Economy

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

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...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

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...

Science

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...

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...

Technology

Samsung Chief Lee Jae-yong Wraps Up Europe Visit, Includes Vatican and Zeiss

Samsung Electronics Chairman Lee Jae-yong returned to Seoul this Friday after a crucial ten-day European trip, where he met with Pope Francis and explored potential business collaborations. The Korea Herald reported...

Bitcoin Thrives: Whales Accumulate Over 47K BTC Amidst Price Rally

Bitcoin experiences a transformative moment as large-scale investors, known as whales, acquire over 47,000 BTC, valued at $2.9 billion, amidst a price retreat. This strategic move marks a pivotal shift in sentiment,...

Kraken Pro Boosts Shiba Inu with New Margin Trading Option

Kraken Pros announcement of Shiba Inus (SHIB) inclusion in its margin trading pairs signifies a significant milestone for the meme-inspired cryptocurrency. This move underscores SHIBs growing prominence within the crypto...

Hong Kong Firm Dominates BlackRock's Bitcoin ETF, Surges to Top Holder

In a significant development for the cryptocurrency market, Hong Kong-based Yong Rong HK Asset Management Ltd has secured its position as the largest holder in the BlackRock iShares Bitcoin ETF (IBIT), according to recent...

Nintendo's Next-Gen: Switch 2 Could Hit 240FPS, Leaks Suggest

Leaked by data miner OatmealDome, Nintendos updated NintendoWare Bezel Engine reportedly supports frame rates potentially as high as 240FPS, a massive leap from the current 60FPS limit on the Nintendo Switch. The...