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

Become a contributor

Bookmark Econotimes

Business

Wed, Apr 22, 2026 09:55 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Digital Currency Revolution

Terraform Labs Declares Bankruptcy, Files for Chapter 11 Protection in Delaware

Jan 22, 2024 10:15 am UTC| Business Investing Digital Currency

Terraform Labs filed for Chapter 11 bankruptcy protection in the United States on Sunday, Jan. 21. The crypto firm behind the TerraUSD stablecoin and Luna made the filing at a Bankruptcy Court for the District of...

Mitsubishi Electric, HACARUS Expand Collaboration for AI-Based Visual-Inspection Applications

Jan 22, 2024 10:09 am UTC| Business

Mitsubishi Electric Corporation and HACARUS Corporation have announced they are expanding their collaboration in developing AI-based visual inspection applications for the manufacturing industry. Both companies will...

Macy’s Rejects Arkhouse’s $5.8B Unsolicited Takeover Proposal

Jan 22, 2024 09:57 am UTC| Business

Arkhouse Management and Brigade Capital Management confirmed it forwarded an acquisition proposal to Macys on Dec. 1, 2023. The company said that, along with its partner, they offered to buy the department store chain for...

Kindred Group Reveals FDJ’s $2.5B Acquisition Bid

Jan 22, 2024 09:31 am UTC| Business

Kindred Group, the leading online gambling company, confirmed on Sunday, Jan. 21, that it has received an acquisition bid from Frances La Française des Jeux (FDJ), the operator of Frances national lottery games. The...

CD Projekt Plans Production of Next Game in 'Witcher' Series

Jan 22, 2024 09:14 am UTC| Business Technology

CD Projekts joint CEO, Adam Badowski, revealed the companys plans to kickstart the production phase of the next installment in its blockbuster Witcher series. The aim is to have approximately 400 team members dedicated to...

Sony Terminates $10 Billion Merger With Zee Entertainment Amid Leadership Impasse

Jan 22, 2024 08:57 am UTC| Business

In a recent development, Sony Group has sent a termination letter to Zee Entertainment, calling off their $10 billion merger of their India operations. This decision comes following an impasse over the leadership of the...

ADM Appoints Interim CFO to Replace Vikram Luthar, Who Is on Administrative Leave Over Probe

Jan 22, 2024 08:56 am UTC| Business

ADM or Archer Daniels Midland, a grain merchant and food processing company, announced on Sunday, Jan 21, that it appointed Ismael Roig as its interim chief financial officer. The companys board of directors made the...

1191 1192 1193 1194 1195 1196 1197 1198 1199 1200

Economy

Global Energy Crisis: Iran Conflict Triggers Record Oil Supply Shock

The ongoing U.S.-Israeli conflict with Iran has triggered an unprecedented global energy crisis, marked by the largest daily oil supply disruption in history. The closure of the Strait of Hormuz has significantly reduced...

U.S. Freezes Dollar Transfers to Iraq, Pressures Government Over Iran-Backed Militias

The United States has reportedly halted U.S. dollar shipments to Iraq and paused key security cooperation programs as part of a broader effort to pressure Baghdad into addressing the influence of Iran-backed militias...

Asian Stocks Mixed as Tech Shares Decline While Japan’s Nikkei Hits Record High

Asian stock markets showed mixed performance on Wednesday as technology stocks weakened, reflecting overnight losses on Wall Street, while Japans benchmark Nikkei 225 reached a new record high. Investors remained cautious...

Japan Exports Surge for Seventh Month as AI Demand Offsets Middle East Trade Disruptions

Japans exports extended their growth streak for a seventh consecutive month in March, driven largely by strong global demand linked to artificial intelligence (AI) and data center expansion. According to government data,...

Oil Prices Slip Amid Iran Ceasefire Extension, Hormuz Disruptions Keep Markets Tense

Oil prices edged lower during volatile Asian trading on Wednesday as U.S. President Donald Trump announced an indefinite extension of the ceasefire with Iran. While the move raised hopes for continued peace talks, ongoing...

Politics

Syrian Asylum Rejections Rise in Europe as Minority Safety Concerns Persist

A growing number of Syrian asylum seekers are facing rejection across Europe despite ongoing security concerns, particularly among minority groups. After the fall of former President Bashar al-Assad and the end of Syrias...

Virginia Redistricting Vote Boosts Democrats Ahead of Midterm Elections

Virginia voters approved a new Democratic-backed congressional map on Tuesday, a decision that could significantly reshape the balance of power in the U.S. House of Representatives ahead of the upcoming midterm elections....

Trump Administration Files Fraud Charges Against Southern Poverty Law Center Over Informant Payments

The Trump administration has filed criminal charges against the Southern Poverty Law Center (SPLC), a prominent civil rights organization known for tracking extremist groups, accusing it of defrauding donors through its...

Global Military Talks in London Aim to Reopen Strait of Hormuz and Protect Shipping

Military planners representing more than 30 countries are gathering in London for two days of high-level discussions focused on reopening the Strait of Hormuz and strengthening maritime security in one of the worlds most...

Canada-USMCA Review 2026: No Collapse Expected Despite July 1 Deadline

Canadas top trade negotiator to the United States, Janice Charette, has signaled that the upcoming July 1 deadline for reviewing the USMCA trade agreement should not be viewed as a breaking point for North American trade...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

SK Hynix to Invest $13 Billion in AI Chip Packaging Facility

South Koreas SK Hynix is accelerating its push into the artificial intelligence semiconductor market with a major new investment aimed at strengthening its global competitiveness. The company announced plans to invest...

Nvidia Pushes 800V Data Center Power Systems to Boost Efficiency and Cut Costs

NVIDIA Corporation (NASDAQ: NVDA) is reportedly exploring next-generation data center power solutions by engaging major South Korean power equipment manufacturers to develop higher-voltage infrastructure. According to The...

LG Innotek Stock Hits Record High on $68M Automotive Wi-Fi 7 Deal

LG Innotek shares surged to an all-time high on Wednesday, fueled by strong investor confidence following the companys latest automotive supply agreement with a European partner. The Seoul-listed stock (KS:011070) climbed...

Samsung Boosts DRAM Supply to Tesla as AI-Driven Memory Demand Surges

Samsung Electronics Co Ltd (KS:005930) has significantly increased its monthly DRAM shipments to Tesla Inc (NASDAQ:TSLA), reflecting the growing demand for advanced memory solutions in electric vehicles and artificial...

SpaceX Eyes $60B Cursor Deal to Boost AI Power Ahead of IPO

Elon Musks SpaceX has announced plans to collaborate with AI coding startup Cursor, with the option to acquire the company later this year in a deal valued at $60 billion. The aerospace giant also revealed an alternative...