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

Become a contributor

Bookmark Econotimes

Business

Sat, Apr 04, 2026 03:56 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FDA Clears Apple Watch Hypertension Detection Feature for Global Rollout

Sep 13, 2025 06:02 am UTC| Health Business Technology Governance

Apple has received clearance from the U.S. Food and Drug Administration (FDA) to launch a hypertension detection feature on select Apple Watch models. The health regulator confirmed the approval late Friday, giving Apple...

Nestle Investors Urge Chairman Paul Bulcke to Resign Amid Leadership Turmoil

Sep 13, 2025 05:57 am UTC| Business

Nestle is facing mounting pressure from shareholders as investors call for Chairman Paul Bulcke to step down, following the departure of a second chief executive in just over a year. According to the Financial Times,...

Elon Musk’s xAI Cuts 500 Data Annotation Jobs Amid Grok Expansion

Sep 13, 2025 05:53 am UTC| Technology Business

Elon Musks artificial intelligence company xAI has laid off more than 500 workers from its data annotation team, the largest unit supporting the development of its Grok chatbot, according to Business Insider. Employees...

OpenAI Projects Major Revenue Shift in Microsoft Partnership

Sep 13, 2025 05:50 am UTC| Technology Business

OpenAI is set to significantly reduce the share of its revenue allocated to commercial partners, primarily Microsoft, according to a report by The Information. Currently, Microsoft receives about 20% of OpenAIs revenue....

Cofece Flags Competition Concerns in Mexico’s E-Commerce Market

Sep 13, 2025 00:25 am UTC| Business

Mexicos antitrust authority, Cofece, announced that its investigation into the countrys e-commerce sector uncovered barriers to competition affecting sellers on Amazon and MercadoLibre. Despite the findings, the commission...

Mexico’s 50% Tariff Threatens Tesla and BYD in Booming EV Market

Sep 13, 2025 00:25 am UTC| Business Economy

Mexicos proposed 50% tariff on vehicles imported from countries without free trade agreements, including China, could deal a major blow to Tesla and BYD while sparing U.S. automakers Ford, GM, and Stellantis. Industry...

Bank of America Names Dean Athanasia and Jim DeMare Co-Presidents Amid Succession Planning

Sep 12, 2025 23:58 pm UTC| Business

Bank of America has appointed Dean Athanasia and Jim DeMare as co-presidents, signaling succession planning as CEO Brian Moynihan, 65, remains committed to leading the bank through the end of the decade. The move positions...

231 232 233 234 235 236 237 238 239 240

Economy

UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire

Abu Dhabi authorities have temporarily halted operations at Habshan, the United Arab Emirates largest natural gas processing facility, following a devastating attack that triggered a major fire at the site. The incident...

Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts

President Donald Trump has unveiled a bold federal budget proposal for fiscal year 2027, signaling a dramatic realignment of national spending priorities. The plan centers on a significant expansion of military funding...

U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict

A U.S. military aircraft was shot down by Iranian forces on Friday, marking a significant escalation in the ongoing five-week conflict between the United States, Israel, and Iran. Both nations confirmed the incident, with...

U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty

The U.S. labor market is expected to post modest gains in March, recovering from Februarys sharp drop of 92,000 jobs, but persistent headwinds are keeping economists cautious. A Reuters poll forecasts nonfarm payrolls...

Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures

A senior Bank of Japan official reaffirmed the central banks commitment to continuing its interest rate hike cycle, while closely monitoring how the ongoing Middle East conflict is shaping Japans economic outlook and...

Politics

U.S. F-15E Shot Down Over Iran: One Crew Member Recovered Amid Escalating Conflict

A United States F-15E Strike Eagle fighter jet has been shot down over Iranian territory, marking the first confirmed incident of its kind since the start of the nearly five-week conflict between the U.S., Israel, and...

Judge Blocks DOJ Subpoenas in Federal Reserve Investigation, Delaying Powell Succession

A federal judge in Washington, D.C. has once again ruled against the Justice Departments efforts to revive a criminal investigation targeting Federal Reserve Chair Jerome Powell, dealing another significant blow to what...

Congo in Talks With Trump Administration to Accept Third-Country Deportees

The Democratic Republic of Congo is reportedly in discussions with the Trump administration about accepting deportees from third countries individuals who are not Congolese nationals but were living in the United States...

Russia's Easter Strikes Kill Multiple Civilians Across Ukraine

In a significant escalation of its ongoing war against Ukraine, Russia launched a massive daytime strike on Friday, killing at least six people across multiple regions, including Kyiv, Zhytomyr, Donetsk, and Kharkiv....

Iran Rejects U.S. Ceasefire Proposal Amid Ongoing Tensions

An unnamed source revealed to Irans semi-official Fars news agency on Friday that Tehran has turned down a ceasefire proposal put forward by the United States. According to the source, the offer was extended on Wednesday...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Digital Currency