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

Become a contributor

Bookmark Econotimes

Business

Wed, Apr 29, 2026 02:50 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Tencent will pursue major stakes in more gaming companies overseas amid tightening regulations in China

Oct 04, 2022 08:30 am UTC| Technology Business

Tencent Holdings could be named a majority stakeholder in more gaming companies. The tech giant is reportedly aiming to replicate its recent deal with Ubisoft to expand overseas investments, following new regulatory laws...

KFC launches chicken wraps menu as testing begins in the US

Oct 04, 2022 08:29 am UTC| Business Economy

KFC unveiled its newest menu item, and it is currently being tested in Atlanta. The Kentucky Fried Chicken Wraps is expected to become popular since customers love the KFC Twister Wraps. It was reported that since 2014,...

MBK Partners consortium bids to acquire Japan’s Toshiba

Oct 04, 2022 08:28 am UTC| Business Economy

MBK Partners joins the race to buy Toshiba, and for this buyout venture, it formed a consortium with two major firms that include the American private investment firm based in Boston, Bain Capital, and the Japanese...

Sony PlayStation chief Jim Ryan met with EU regulators to discuss Microsoft-Activision Blizzard deal, report says

Oct 03, 2022 09:54 am UTC| Technology Business

Sony is naturally one of the most vocal companies about the looming Xbox and Activision Blizzard merger. But the PlayStation maker appears to be doing more than just giving press statements as Sony Interactive...

China’s JD.com founder Richard Liu ends sexual assault lawsuit with settlement in the US

Oct 03, 2022 09:52 am UTC| Business Economy

JD.Coms founder Richard Liu has settled his civil lawsuit related to a sexual assault complaint in the United States. The billionaire that owns one of the largest e-commerce platforms in China has resolved the case that...

Stanley Black & Decker lays off 1,000 finance roles

Oct 03, 2022 09:32 am UTC| Business Economy

Stanley Black Decker, a manufacturer of industrial tools and household hardware headquartered in New Britain, Connecticut, has laid off 1,000 jobs in its finance division. Sources who are familiar with the matter said the...

China’s Geely acquires 7.6% stake in UK’s Aston Martin

Oct 03, 2022 09:16 am UTC| Business Economy

Zhejiang Geely Holding Group Co., Ltd has purchased a 7.6% stake in Aston Martin Lagonda Global Holdings PLC, a London-based English manufacturer of luxury sports cars and grand tourers. Prior to this new acquisition, it...

1971 1972 1973 1974 1975 1976 1977 1978 1979 1980

Economy

Iraq Reaffirms Commitment to OPEC as UAE Exits Amid Global Energy Tensions

Iraq has confirmed it has no intention of leaving OPEC or OPEC+, according to a Reuters report citing two Iraqi oil officials. The statement comes shortly after the United Arab Emirates (UAE) announced its decision to...

US Sanctions Target Iran’s Shadow Banking Network and Terror Financing

The United States government has announced a new wave of sanctions targeting 35 individuals and entities accused of supporting Irans shadow banking system. According to officials, these networks have been instrumental in...

Yen Strengthens as BOJ Signals Rate Hikes; Asian Currencies Slip Ahead of Fed Meeting

The Japanese yen strengthened on Tuesday after the Bank of Japan (BOJ) maintained its interest rates but hinted at potential rate hikes amid rising inflation risks. The USD/JPY pair declined by 0.2%, hovering near the 159...

Asian Stocks Mixed as BOJ Holds Rates, Oil Prices and Fed Outlook Weigh on Markets

Asian stock markets delivered a mixed performance on Tuesday as investors reacted to elevated oil prices, ongoing geopolitical tensions, and the Bank of Japans decision to keep interest rates unchanged. Market sentiment...

Oil Prices Rise Amid U.S.-Iran Tensions and Strait of Hormuz Deadlock

Oil prices moved higher during Asian trading on Tuesday as geopolitical tensions between the United States and Iran continued to weigh on global energy markets. The ongoing stalemate over the Strait of Hormuz, a critical...

Politics

Former FBI Director James Comey Charged Over Alleged Threat Against President

Former FBI Director James Comey has been charged in connection with allegedly threatening the life of the President of the United States, according to a federal indictment filed on Tuesday. The charges also include making...

Ghana Rejects U.S. Health Deal Over Data Sharing Concerns Amid Foreign Aid Shift

Ghana has declined to sign a proposed bilateral health agreement with the United States, citing concerns over sensitive health data sharing, according to a source familiar with the negotiations. The decision marks another...

US Ties UN Funding to Reforms and Efforts to Counter China’s Influence

The United States is reportedly linking the release of billions of dollars in unpaid contributions to the United Nations (UN) to a set of reform conditions aimed at improving efficiency and reducing costs, while also...

Russia Reports Rising Drone Attacks on Civilian Infrastructure, Putin Says

Russian President Vladimir Putin has claimed that Ukraine is increasing its attacks on civilian infrastructure within Russian territory, pointing to a recent drone strike targeting an oil refinery in the southern city of...

King Charles Addresses U.S. Congress, Emphasizes UK-US Alliance Amid Political Tensions

Britains King Charles III is set to deliver a historic address to the U.S. Congress on Tuesday, reinforcing the long-standing special relationship between the United Kingdom and the United States. The speech comes at a...

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

Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal

The Australian government has announced a new plan that could impose multimillion-dollar charges on major tech platforms like Meta, Google, and TikTok if they fail to compensate local media companies for news content...

Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand

Shares of Lightelligence, the Shanghai-based optical computing company formerly known as Shanghai Xizhi Technology, delivered an explosive performance during their Hong Kong stock market debut, underscoring strong investor...

OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO

OpenAI is reportedly facing mounting pressure after missing key internal targets for both user growth and revenue, raising concerns about its ability to sustain aggressive spending plans. According to a Wall Street Journal...

Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results

Shares of Advantest Corp (TYO:6857) declined on Tuesday after the semiconductor equipment maker issued an annual outlook that fell short of market expectations, overshadowing its strong financial performance driven by...

DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals

Chinese artificial intelligence startup DeepSeek has significantly reduced pricing for its latest AI models, signaling a more aggressive push in the rapidly evolving AI services market. The company announced that it has...