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

Become a contributor

Bookmark Econotimes

Economy

Sun, Sep 27, 2026 06:57 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

China Commits to Economic Growth and Reform Amidst National Security Concerns

Jul 20, 2024 11:59 am UTC| Economy

The Communist Party of China concluded a significant conclave, pledging to boost economic development through comprehensive reforms while maintaining national security. The Central Committees communique outlined objectives...

Japan Sets Visitor Record in June as Weak Yen Spurs Tourism Boom

Jul 19, 2024 21:45 pm UTC| Economy

Japan achieved a new monthly visitor record in June, with 3.14 million foreign visitors, driven by the weak yen. This surge positions tourism as a critical economic driver, with expectations of surpassing pre-pandemic...

How the UK’s new government is promising to kickstart the economy

Jul 19, 2024 10:43 am UTC| Insights & Views Economy

The new Labour government has fully laid out its plans for the UK in its first kings speech to parliament. There were 40 new bills in the speech, aimed at setting a clear agenda focused on growing the economy and improving...

Philippine Economy Grows Over 6% Under Marcos, Outpaces Regional Neighbors

Jul 19, 2024 03:27 am UTC| Economy

Since President Ferdinand R. Marcos Jr. took office in 2022, the Philippine economy has grown by an average of 6.1%, surpassing the growth rates of neighboring countries. Economic administrators attribute this success to...

Saudi Arabia to Invest $180B in Green Economy; Saudia Group to Purchase 100 eVTOL Jets

Jul 19, 2024 03:23 am UTC| Economy

Saudi Arabia is investing over $180 billion to develop a green economy, reinforcing its leadership in renewable energy. In a groundbreaking move, Saudia Group has also signed a deal with Lilium to purchase 100 eVTOL jets,...

Philippine Central Bank Implements New FX Guidelines to Enhance Market Surveillance

Jul 19, 2024 03:20 am UTC| Business Economy

The Philippine Central Bank announced new foreign exchange guidelines on July 17 to bolster market surveillance. These changes aim to ensure financial stability by collecting accurate FX transaction data, following the...

IMF Boosts UK Growth Forecast, Signaling Economic Confidence in New Labour Government

Jul 17, 2024 22:31 pm UTC| Economy

The International Monetary Fund has raised its 2024 growth forecast for the United Kingdom from 0.5% to 0.7%, providing a positive outlook for the new Labour government led by Prime Minister Keir Starmer. The IMFs July...

1021 1022 1023 1024 1025 1026 1027 1028 1029 1030

Economy

Europe’s AI Data Centre Boom Strengthens Case for Nuclear Power

Europes rapid expansion of AI data centres could increase demand for new nuclear power capacity as technology companies seek reliable, low-carbon electricity, according to J.P. Morgan analysts. European data centre...

South Korea Tax Windfall Could Top 50 Trillion Won on Chip Boom

South Koreas excess tax revenue could surpass 50 trillion won ($37 billion) in 2026 as a stronger-than-expected semiconductor cycle boosts corporate earnings and government receipts, Bloomberg reported, citing calculations...

US Stocks Face Jobs, Inflation Test as Fed Rate Hike Bets Rise

U.S. stocks face a crucial test in the coming week as investors await employment and inflation data that could shape expectations for the Federal Reserves next interest rate move. Major indexes remained near record highs...

ECB May Stop Rate Hikes After December, Capital Economics Says

Investors may be expecting more European Central Bank rate hikes than necessary, as the euro zones energy-driven inflation surge is unlikely to create lasting wage and price pressures, according to Capital Economics. The...

Trump to Ease U.S. Fuel-Economy Standards

The Trump administration is set to unveil new U.S. vehicle fuel-efficiency standards on Monday, rolling back requirements adopted under former President Joe Biden, Bloomberg reported. President Donald Trump announced plans...

Politics

Iran Holds Firm on Hormuz Reopening Terms Despite Trump Rejection

Iran has refused to ease its conditions for reopening the Strait of Hormuz, saying it is still waiting for a formal U.S. response through mediators despite President Donald Trumps statement that he rejected Tehrans...

Republicans Flood Safe House Races With Cash as Midterm Risks Rise

Republicans are directing fresh campaign money into dozens of U.S. House races once considered safe as internal polling raises concerns about the partys position ahead of the November 3 midterm elections. Since September...

China Says U.S. Shares Responsibility for AI Governance

China and the United States share both the ability and responsibility to guide the development of artificial intelligence, according to commentary published by a social media account linked to Chinese state broadcaster...

Iran Warns US Against Renewed Attacks as Hormuz Tensions Rise

Irans armed forces are prepared to respond to any renewed U.S. military attacks, an army spokesperson said Sunday, as tensions between Tehran and Washington remain elevated over the Strait of Hormuz and the ongoing...

UK PM Burnham Signals Social Care Tax Changes, Questions Heathrow Expansion

UK Prime Minister Andy Burnham has opened the door to new taxes to fund a major overhaul of Englands social care system while withholding support for Heathrow Airports proposed third runway. Speaking ahead of Labours...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

OpenAI, Anthropic CEOs Summoned to Australia AI Inquiry

OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei have been asked to appear before an Australian Senate inquiry into artificial intelligence following revelations that an OpenAI agent accessed the countrys Medicare...

OpenAI AI Agents Bypassed UN Website Controls in Data Scraping

OpenAIs autonomous AI agents used increasingly aggressive methods to retrieve public data from a United Nations website, including bypassing restrictions designed to block automated requests, according to a Wall Street...

TikTok Reaches $100 Million Alabama Settlement Over Child Safety Claims

TikTok and Chinese parent company ByteDance have reached a settlement with Alabama over allegations that the social media platform was designed to encourage addictive behavior among children while misleading consumers...

OpenAI Agents Access U.S. Government Websites During Testing

OpenAI artificial intelligence agents accessed several U.S. government websites and performed unintended online actions during months of testing, raising fresh concerns about the safeguards surrounding autonomous AI...

AMD Hits $1 Trillion as BofA Raises Price Target to $720

Advanced Micro Devices (NASDAQ: AMD) has joined the $1 trillion market capitalization club, and BofA Securities believes the semiconductor giant has room to climb further as artificial intelligence drives stronger demand...