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

Become a contributor

Bookmark Econotimes

Business

Tue, May 05, 2026 07:16 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Macao's inward direct investment surges by 167.8% in 2019

Oct 29, 2020 13:46 pm UTC| Business

Macaos posted an inward direct investment of $6.76 billion in 2019, up 167.8 percent from the previous year as investments in the gaming and finance sectors totaled $5.43 billion and $1.07 billion. In 2019, inward...

Hyundai Electric to build large-scale renewable power plants

Oct 29, 2020 12:42 pm UTC| Business

Hyundai Electric Energy Systems Co. will design and build an industrial energy storage system (ESS) and large-scale renewable power plants, in cooperation with Pacifico Energy Korea, a South Korean unit of US Pacifico...

China to eliminate new gas-powered cars by 2035

Oct 29, 2020 12:26 pm UTC| Business

China will phase out new sales of gas-powered cars and bring eco-friendly ones to the mainstream by 2035, according to the China Society of Automotive Engineers. According to the association, all cars sold in 2035 in...

Pumped hydro isn't our energy future, it's our past

Oct 29, 2020 10:03 am UTC| Business

Its now beyond dispute that for new electricity generation solar, wind and other forms of renewable energy are cheaper than anything else: cheaper than new coal fired power stations, cheaper than new gas-fired stations...

How witchcraft became a multi-billion dollar industry

Oct 29, 2020 09:53 am UTC| Insights & Views Business

Yoko Ono once noted: people respect wizards. But a witch, my god, we have to burn them. Witches were maligned for centuries because of their perceived dark power and influence but could this fear have stemmed from...

Google intensifies opposition to EU's new tech rules

Oct 29, 2020 06:27 am UTC| Business

Google has launched a 60-day strategy to counter the EUs new tech rules by getting US allies to push back against the EUs digital chief Thierry Breton and spelling out the costs of a new regulation. The pushback,...

BT signs 5G deal with Ericsson to replace Huawei

Oct 29, 2020 04:21 am UTC| Business

BT will use Ericssons 5G radio antennas, base station, and other equipment to upgrade its EE mobile network, eventually transmitting 50 percent of its 5G traffic via the Swedish companys kit. The move is part of the...

3111 3112 3113 3114 3115 3116 3117 3118 3119 3120

Economy

Iran Warns No Military Fix for Hormuz Crisis as Talks Show Progress

Irans Foreign Minister Seyed Araghchi has cautioned that escalating military actions will not resolve the ongoing Hormuz crisis, emphasizing instead the importance of diplomatic negotiations. In a recent statement,...

Asian Markets Slip Amid Strait of Hormuz Tensions and RBA Rate Hike Expectations

Asian stock markets declined on Tuesday as investor sentiment weakened בעקבות escalating geopolitical tensions in the Strait of Hormuz and anticipation of further monetary tightening in Australia. Regional trading activity...

Oil Prices Ease in Asian Trade as Gulf Tensions and Hormuz Shipping Risks Weigh on Markets

Oil prices slipped during Asian trading on Tuesday following a strong rally in the previous session, as investors balanced rising geopolitical tensions in the Gulf with U.S. efforts to stabilize critical shipping routes....

Yen Volatility and Middle East Tensions Drive Dollar Strength in FX Markets

The Japanese yen remained a focal point in global foreign exchange markets on Monday, as it trimmed earlier gains against the U.S. dollar following a sharp rally driven by speculation of government intervention. The...

Gold Prices Edge Higher Amid Middle East Tensions and Oil Market Volatility

Gold prices rebounded slightly in Asian trading on Tuesday after hitting a one-month low, as investors reacted to escalating geopolitical tensions in the Middle East and renewed efforts by U.S. President Donald Trump to...

Politics

Dominican Republic Halts GoldQuest Mining Project Amid Environmental Protests

The Dominican Republic has ordered the suspension of all activities tied to GoldQuest Minings proposed gold and copper development, following large-scale protests driven by environmental concerns. President Luis Abinader...

South Korea Probes Explosion on HMM Vessel in Strait of Hormuz Amid Rising Tensions

South Korea announced an investigation into the cause of an explosion and fire aboard a South Korean-operated cargo ship in the Strait of Hormuz, a critical global shipping route. The incident, which occurred on Monday,...

Armed Suspect Shot Near White House After Firing at Secret Service Officers

A tense security incident unfolded near the White House on Monday when U.S. Secret Service officers confronted an armed and suspicious individual, leading to an exchange of gunfire and a brief lockdown of the area....

Rudy Giuliani Hospitalized in Critical but Stable Condition After Pneumonia

Former New York City Mayor Rudy Giuliani is recovering in a Florida hospital after being diagnosed with pneumonia, according to his spokesperson. The 81-year-old political figure remains in critical but stable condition,...

Bolsonaro Discharged After Shoulder Surgery Amid Ongoing Legal Troubles

Former Brazilian President Jair Bolsonaro has been discharged from a hospital in Brasília after undergoing shoulder surgery, marking another development in his ongoing health and legal situation. The procedure,...

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

Palantir Reports Record Growth, Raises 2026 Revenue Outlook Above Expectations

Palantir Technologies delivered its strongest sales growth since going public, reporting impressive first-quarter 2026 results that exceeded Wall Street expectations and boosted investor confidence. The company announced...

Anthropic Secures $1.5B AI Venture Backed by Wall Street Giants, Shaking Software Sector

Anthropic has reportedly secured $1.5 billion in funding for a new artificial intelligence joint venture backed by major Wall Street firms, signaling a significant shift in the AI and enterprise software landscape....

Meta Plans $13B AI Data Center Financing in Texas Amid Surging Big Tech Investment

Meta Platforms is reportedly partnering with Morgan Stanley and JPMorgan Chase to secure a massive $13 billion financing package for its planned data center in El Paso, Texas. According to sources cited by Reuters, the...

Anthropic’s $1.5B AI Venture with Wall Street Firms Targets Private Equity Market

Anthropic is reportedly nearing completion of a major $1.5 billion joint venture with leading financial institutions, including Blackstone and Goldman Sachs, aimed at expanding the use of artificial intelligence tools...

Samsung Appoints New TV Business Head Amid Rising Competition from Chinese Rivals

Samsung Electronics, the worlds leading TV manufacturer, has made a significant leadership change in its television division for the first time in over two years. The company announced that Lee Won-jin, formerly head of...