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

Become a contributor

Bookmark Econotimes

Wed, Feb 01, 2023 10:43 PM All times are UTC

Follow Series

©PUBLISH holdings LLC . All Rights Reserved.

Flavio Macau

Associate Dean Teaching & Learning, Edith Cowan University
Associate Dean Teaching & Learning at the School of Business and Law, Edith Cowan University. Chapter WA President and Board Member of the Australasian Supply Chain Institute. Associate Professor and researcher in Business Systems & Operations. In the past 10 years, supervised 20 research projects; lectured 70+ units to 2,500+ students; published one book, three case studies, and 10+ international peer-review articles in top academic journals; assisted 120+ short-term consulting projects.

Groceries delivered in 60 minutes: it's on the cards but just not yet

Nov 25, 2022 14:00 pm UTC| Technology

From the food replicator in Star Trek to Dumbledore summoning food in Hogwarts banquet hall, we love the idea of instant food on demand. This week, Australian supermarket giant Coles appealed to that love by announcing...

Floods, pandemics, wars and market forces: what's driving up the price of milk

Oct 24, 2022 17:24 pm UTC| Economy

At the end of 2021, the cost of a litre of home-brand milk in an Australian supermarket was about $1.30. Its now about $1.60. What will it cost at the end of 2022? That depends on the continued effect of flooding on...

Battered but not broken: how global trade is responding to Russia’s invasion of Ukraine

Mar 21, 2022 15:20 pm UTC| Economy

Russias first McDonalds store in opened in 1990, just months after the fall of the Berlin Wall. It was a potent symbol that the Cold War was ending and a great ideological wound healing. Now every McDonalds in Russia is...

Supermarket shortages are different this time: how to respond and avoid panic

Jan 10, 2022 13:04 pm UTC| Economy

Australia has experienced plenty of supermarket shortages since the COVID pandemic began. The emerging crisis now is a bit different. In 2020 and 2021, empty shelves were due to spikes in demand, as shoppers responded...

Economy

Paramount is merging Showtime and Paramount Plus, to offer service under new name

Paramount Global media company revealed it would be combining its Showtime TV network and Paramount Plus streaming service. Once merged, the new service will have a new name - Paramount+ with Showtime. Paramount Global...

Paramount, Virgin Media sign partnership deal to launch streaming services and channel in the UK

Shinsegae I&C, Tmap Mobility agree to EV charging collaboration

Shinsegae IC Inc. and Tmap Mobility Co. Ltd. have joined forces for the expansion of their electric car charging business. The companies confirmed their partnership earlier this week. Under the terms agreed upon by...

Netflix users threaten to ditch service new password-sharing policy is implemented

Netflix recently announced it will be collecting fees from subscribers who share passwords with other users. The streaming giant is taking this step to prevent people, who do not pay, from using the service. Moreover,...

BTS’ agency Hybe buys stake in Supertone audio tech startup

Hybe Co., the managing agency of the BTS superstar boy group, has acquired a 56.1% stake in Supertone audio technology firm. The deal was announced by the company on Tuesday, Jan. 31. Hybe Co. said that it has invested...

Kakao Mobility partners with Super Hero, Dealver, Delion Group, Manna Planet delivery services

Kakao Mobility Co. Ltd., a transportation company based in South Korea, has formed an alliance with four major delivery services to boost sales while cutting operation costs as well. The company signed deals with Dealver,...

Politics

US, South Korea pledge to ramp up military drills to counter North Korea

The defense chiefs of both the United States and South Korea have pledged to expand military drills and boost nuclear deterrence. The move comes amidst tensions in the region as North Korea continues its nuclear weapons...

Russia-Ukraine war: Kyiv blasts Croatian president's Crimea comments

Ukraines foreign ministry criticized the comments by Croatian President Zoran Milanovic over the Russian-annexed Crimea. Milanovics comments were in contrast with his countrys Prime Minister and the public, who have openly...

Myanmar coup: UK sanctions companies supplying Myanmar military's air strikes

The United Kingdom has imposed sanctions on two companies and two individuals for supplying the Myanmar military with fuel that was used to carry out air strikes in the country. The new sanctions come as the country is now...

Russia-Ukraine war: UK says not practical to send fighter jets

The United Kingdom said it was not practical to send fighter jets to Ukraine after Kyiv said it would now push to secure the vehicles. The new push follows Kyivs securing of battle tanks from the West. A spokesperson...

US: Labor agency says Apple workplace rules violate labor laws

A US labor agency found that major tech company Apple Inc. violated labor laws. The agency found that Apple unlawfully discourages its employees from discussing working conditions. In an email seen by Reuters, the...

Science

S. Korean researchers develop urine test that diagnoses cancer

A South Korean research team has developed a strip-type urine test that successfully diagnoses prostate and pancreatic cancer on-site by amplifying the optical signal of the metabolome in urine. The joint research team...

S. Korea to invest ₩275 billion in biopharma R&D projects

South Korea will invest 274.6 billion won in the bio-industry this year for 252 new RD projects in the four fields of biopharmaceuticals, healthcare, biomaterials, and medical equipment in 2023. According to South...

Scientists have started steering lightning with lasers – here's how

Lightning may look beautiful but every year it kills thousands of people, does huge amounts of damage to buildings and infrastructure, and causes power outages. The only protection we have is lightning rods, which were...

Our Solar System is filled with asteroids that are particularly hard to destroy, new study finds

A vast amount of rocks and other material are hurtling around our Solar System as asteroids and comets. If one of these came towards us, could we successfully prevent the collision between an asteroid and Earth? Well,...

Eisai, Biogen apply for Alzheimer's drug approval in Japan

Eisai Co. and Biogen Inc. hope to gain approval with the Japanese health ministry by the end of the year of an Alzheimers drug that could both treat the cause and slow symptom progression. The U.S. Food and Drug...

Technology

McDonald’s tests robot-manned restaurant in US

McDonalds has opened its first restaurant almost without employees in White Settlement, a suburb of Fort Worth, Texas, USA. A video of this restaurant posted on Twitter shows that once a customer walks in, theres no one...

Osaka University designs anti-insect laser gun that could work on roaches too

A research team at Osaka Universitys Institute of Laser Engineering has created a blue laser diode gun that could target and lock on to insects weak spots before firing a precision beam. Led by Professors Hiroshi Fuji...

Intel loses $8 billion in market value after revealing dim forecast

Intel Corp saw about $8 billion wiped off its market value after it fanned fears in the personal computer market by predicting a loss for the first quarter and giving a revenue forecast of $3 billion below...

SK Telecom steps into AI coffee robot biz

SK Telecom is launching an unmanned coffee robot service dubbed AI Barista Robot in collaboration with Doosan Robotics Co. The robot can make about 20 different types of coffee and drinks and offers coffee that...

LG Innotek's net up 10.3% in 2022 on auto components demand

LG Innotek Co. posted a net income of 979.8 billion won in 2022, up 10 percent on-year, due to robust sales of high-value products and growing demand from automotive components. The company, an affiliate of LG group and...