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

Become a contributor

Bookmark Econotimes

Economy

Sun, May 05, 2024 08:15 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

SK Group to invest $60 million in Malaysia's Big Pay to expand foothold in Southeast Asia's fintech sector

Aug 09, 2021 23:54 pm UTC| Economy

South Koreas SK Group is aggressively strengthening its foothold in the Southeast Asian fintech business by investing $60 million in BigPay, a unit of Malaysias AirAsia Group Bhd. BigPay is competitive in the digital...

Naver to acquire 20% stake in Cafe24 to strengthen e-commerce presence

Aug 09, 2021 23:50 pm UTC| Economy Business

Naver Corp will acquire 20 percent of Seoul-based global e-commerce solutions provider Cafe24 to expand its global online shopping presence. With the stake, estimated at between 150 billion and 200 billion won, Naver...

Hanwha Solutions to acquires French renewable energy firm RES for $860 million

Aug 09, 2021 23:43 pm UTC| Economy Business

Hanwha Solutions Corp. is acquiring a 100 percent stake in French wind and solar power plant operator RES Mediterranee SAS for $860 million to enhance its presence in Europes renewable energy market. The latest deal,...

S. Korea wary of new European carbon policy's impact on its steel products

Aug 09, 2021 23:37 pm UTC| Economy Business

South Korea is assessing the potential impact on its steel products of Europes toughened carbon restrictions to be implemented in 2023 to come up with measures to cope with the policy. The carbon border adjustment...

Transformers toymaker Hasbro ensuring product availability on Christmas amid supply snags, albeit at higher prices

Aug 09, 2021 23:37 pm UTC| Life Economy

Hasbro, the Transformers figures and Monopoly board game maker, placed holiday orders earlier and diversified its sources, ports, and carriers to ensure product availability during the holiday season, said Chief Financial...

Kia eyes expansion to mobility solutions with 10 billion won investment in Bank Salad

Aug 09, 2021 23:36 pm UTC| Economy Business

South Korean carmaker Kia will invest 10 billion won into local fintech company Bank Salad to reshuffle its business into providing innovative mobility solutions. The companies will develop mobility industry technology...

S. Korea’s food prices increase 7.3% to be third highest among OECD states

Aug 08, 2021 15:05 pm UTC| Economy

South Koreas food prices surged by 7.3 percent on-year due to a short supply of agricultural products amid the outbreak of bird flu. Consequently, the countrys food price inflation in the second quarter ranked the...

1061 1062 1063 1064 1065 1066 1067 1068 1069 1070

Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Samsung's Galaxy S25 Rumored to Boost Longevity with 'Battery AI'

Samsungs upcoming Galaxy S25 Ultra is poised to incorporate Battery AI, an innovative technology promising to improve battery life by up to 10% through smarter energy management. Unlocking the Potential of Battery AI in...

AI Protocol Render (RNDR) Soars 15% As Bitcoin Fights For Balance

As Bitcoin grapples with market volatility, altcoin Render (RNDR) stands out with a remarkable 15% surge, showcasing its resilience amid the crypto markets tumult. This surge comes as Bitcoin struggles to find stability,...

Huawei's Covert US Funding Scheme Raises Eyebrows Amid Export Ban

The revelation of Huaweis discreet sponsorship of U.S. research through a Washington-based foundation has reignited concerns about the efficacy of the export ban. Despite regulatory hurdles, the tech giant managed to fund...

Crypto.com's F1 Sponsorship Expansion Sparks Global Visibility Drive

Crypto.com, one of the top exchanges in the digital currency ecosystem, is set to expand its sporting ad budget. Notably, the trading platform is looking to expand its dominance in its push for global...

Stablecoins Set to Overtake Visa, Ripple CEO Affirms XRP and ETH Not Securities

Stablecoins are poised to challenge Visas dominance in payment volume, marking a significant shift in the crypto landscape. Meanwhile, Ripple CEO Brad Garlinghouse asserts that XRP and Ethereum (ETH) are not securities,...