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

Become a contributor

Bookmark Econotimes

Business

Thu, Feb 19, 2026 08:53 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

LinkedIn Slashes 700 Jobs, Discontinues China App

May 10, 2023 09:12 am UTC| Business Economy

LinkedIn Corp. has cut its workforce, and more than 700 jobs are affected. The business and employment-focused social media platform that is now owned by Microsoft Corp. is also deactivating its app in China due to the...

S-Oil Hires Former Aramco Asia Head to be its New Chief

May 10, 2023 08:45 am UTC| Business Economy

S-Oil Corporation announced this week it had appointed its new chief executive officer. The new company chief turned out to be the former CEO of Aramco Asia of the Saudi Arabia oil group. The Seoul-headquartered...

Hyundai Steel Launches Hcore Store to Sell Steel Online

May 10, 2023 08:15 am UTC| Business Economy

Hyundai Steel just rolled out its online mall, which it named Hcore Store. The steelmaker said on Tuesday, May 9, that it would be selling various construction materials via its first online store. Buyers may find some...

Digital Currency Revolution

Metaverse: SK Telecom Adds Seoul and Hollywood Tourist Spots in its ifland Metaverse

May 10, 2023 08:02 am UTC| Business Digital Currency Investing

SK Telecom Co. is offering something new to users of its ifland Metaverse platform. Users can easily visit famous landmarks in Los Angeles and Seoul as the telecom firm recreated and added the N Seoul Tower and Hollywood...

Kyobo Life May Acquire Kakao Pay Insurance to Enter Non-Life Insurance Biz

May 10, 2023 07:27 am UTC| Business Economy

Kyobo Life Insurance Co., Ltd., formerly known as Daehan Kyoyuk Insurance, is considering a return to the non-life insurance market. The news comes as the company is reportedly buying online non-life insurance firm, Kakao...

BMW Warns Against Driving Older Models With Takata Airbag Inflators

May 10, 2023 03:46 am UTC| Life Economy Business

BMW is warning the owners of about 90,000 vehicles from the 2000 through 2006 model years in the US against driving their cars due to an increasing airbag explosion threat. The warning covers vehicles that were...

'Regenerative agriculture' is all the rage - but it's not going to fix our food system

May 10, 2023 03:27 am UTC| Business

Decades of industrial agriculture have caused environmental and social damage across the globe. Soils have deteriorated and plant and animal species are disappearing. Landscapes are degraded and small-scale farmers are...

1551 1552 1553 1554 1555 1556 1557 1558 1559 1560

Economy

Asian Currencies Slide as Strong US Dollar and Hawkish Fed Pressure Regional FX Markets

Asian currencies weakened on Thursday as a stronger US dollar and hawkish signals from Federal Reserve officials weighed on regional foreign exchange markets. The South Korean won and Indian rupee led losses, while the...

BOJ Rate Hike to 1% by June in Focus as Inflation and Weak Yen Pressure Mount

The Bank of Japan (BOJ) is increasingly expected to raise its key interest rate to 1% by the end of June, according to a recent Reuters poll of economists. The shift in forecasts reflects growing concerns about rising...

Sanae Takaichi Seeks Market Trust as Japan Weighs Spending and Tax Cuts

Japanese Prime Minister Sanae Takaichi is preparing to defend her proactive fiscal policies as parliament begins deliberations on her flagship spending and tax cut plans next week. While Takaichi has pledged to boost...

RBNZ Signals Potential Interest Rate Hike as Inflation Outlook Remains Uncertain

New Zealands central bank has indicated that the next move in interest rates is likely to be upward, although economic uncertainty continues to cloud the timing. Karen Silk, Assistant Governor of the Reserve Bank of New...

Oil Prices Ease After 4% Surge as U.S.-Iran Tensions and Supply Risks Remain in Focus

Oil prices edged lower during early Asian trading on Thursday, retreating slightly after a sharp 4% rally in the previous session. Investors are closely monitoring rising geopolitical tensions between the United States and...

Politics

Bill Gates Pulls Out of India’s AI Impact Summit Amid Controversy and Event Mismanagement

Bill Gates withdrew from Indias AI Impact Summit just hours before his scheduled keynote address, dealing a major setback to the high-profile artificial intelligence event in New Delhi. The Gates Foundation confirmed that...

Trump Convenes Board of Peace as $5 Billion Gaza Reconstruction Fund Announced

U.S. President Donald Trump will chair the first meeting of his newly formed Board of Peace on Thursday, placing the future of Gaza reconstruction and regional stability at the center of global attention. The high-profile...

Peru Elects Jose Balcazar as Interim President Ahead of April General Elections

Peruvian lawmakers have elected veteran left-wing legislator Jose Balcazar as the countrys new interim president, marking Perus eighth president in just eight years and underscoring the nations ongoing political...

Trump Says U.S. Trade Deficit Shrinking Sharply as 2026 Trade Surplus Looms

U.S. President Donald Trump said Wednesday that Americas trade deficit has narrowed significantly due to his 2025 trade tariffs, adding that the country could post its first trade surplus in decades as early as this year....

Lavrov Warns of Serious Consequences if U.S. Launches New Strike on Iran

Russian Foreign Minister Sergei Lavrov has warned that any new U.S. strike on Iran would trigger serious consequences and further destabilize the Middle East. In an interview aired by Saudi Arabias Al-Arabiya television...

Science

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...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

OpenAI Nears $100 Billion Funding Round at $850 Billion Valuation: Bloomberg Report

OpenAI is reportedly close to completing the first phase of a massive new funding round expected to raise more than $100 billion, according to a Bloomberg report citing sources familiar with the matter. The deal could push...

Microsoft Responds to ICE Surveillance Concerns Amid Azure Cloud Expansion

Microsoft said Wednesday it does not believe U.S. Immigration and Customs Enforcement (ICE) is using its technology for mass surveillance of civilians, following a report that the agency significantly expanded its use of...

Mark Zuckerberg Testifies in Youth Social Media Addiction Trial Over Instagram Policies

Meta Platforms CEO Mark Zuckerberg testified in a landmark Los Angeles trial addressing allegations that Instagram and YouTube contributed to youth social media addiction and harmed a young users mental health. The...

European IT Hardware Stocks to Watch as Gaming Demand Outpaces Smartphones, Says BofA

BofA Researchs February report highlights a clear split in European IT hardware demand trends, with gaming spending significantly outperforming other consumer technology categories while smartphone sales remain under...

Microsoft Plans $50 Billion AI Investment to Accelerate Growth in the Global South

Microsoft has announced plans to invest up to $50 billion by the end of the decade to expand artificial intelligence (AI) infrastructure and digital capabilities across countries in the Global South. The announcement was...