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

Become a contributor

Bookmark Econotimes

Economy

Tue, May 14, 2024 09:41 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Nissan sued by overseas investors for $315 million over former boss's financial misconduct

May 29, 2021 23:40 pm UTC| Economy Business Law

Around 90 non-Japan-based institutional investors have sued Nissan Motor Co for their financial losses caused by former boss Carlos Ghosns financial misconduct cases and asking $315 million in damages. The plaintiffs...

Toyota doubles global sales to 859,448 units in April

May 29, 2021 23:31 pm UTC| Economy Business

Toyota Motor Corp. sold 859,448 units globally in April, doubling from a year earlier to a record-high for the month, as auto demand continues to recover from a slump caused by the coronavirus pandemic. The carmaker...

Frito-Lay to spend $235 million for plant upgrade, mainly to boost Cheetos production

May 29, 2021 23:27 pm UTC| Economy Business

PepsiCos Frito-Lay division will spend $235 million to expand its manufacturing site in Killingly, Connecticut mainly of two Cheetos manufacturing lines that could create 120 jobs. Construction will begin in spring 2022...

S. Korea to collect 20% cryptocurrency transactions tax starting next year

May 29, 2021 15:59 pm UTC| Economy Business Digital Currency

South Korea plans to subject cryptocurrency transactions to a 20 percent income tax on capital gains beginning next year as planned, despite growing investor calls for delaying the plan. Gains from cryptocurrency...

Africa's free trade area offers great promise. But only if risks are managed with resolve

May 28, 2021 11:23 am UTC| Economy

For all its stutters and missteps, there can be little argument that the European Union (EU) has largely lived up to its ambitious billing: to create stability and growth on a continent that, for a period, was dangerously...

Biden’s budget: Why investing in innovation is crucial to reach US climate goals

May 28, 2021 11:17 am UTC| Politics Economy

President Joe Bidens first detailed federal budget is slated to be released on May 28, and it will include substantial increases in spending to fight climate change. An overview sent to Congress included US$10 billion...

A bounce-back in investment holds open the possibility of very good news

May 28, 2021 11:12 am UTC| Economy Investing

Private business investment is one of the key drivers of economic growth. Business investment in equipment (and even in buildings) drives productivity, which the Nobel Prize winning economist Paul Krugman famously...

1171 1172 1173 1174 1175 1176 1177 1178 1179 1180

Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

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

President Joe Biden Orders Removal of Chinese-Owned Crypto Miner Near Wyoming Missile Base

President Joe Biden has ordered the removal of a Chinese-owned cryptocurrency mining company from land near a Wyoming missile base, citing national security concerns. The directive targets MineOne Cloud Computing...

Shiba Inu (SHIB) May Skyrocket 20% If This Happens, Analysts Warn of Risks

Shiba Inu (SHIB) may skyrocket 20% if it breaches a critical resistance level, analysts suggest. The cryptocurrency is currently hanging from the edge, facing pivotal support levels that will determine its next...

Hong Kong Bitcoin and Ether ETFs Experience Highest Net Outflows Since Launch

Hong Kongs Bitcoin and Ether ETFs have experienced record net outflows since launch, marking a significant downturn in investor sentiment and fund performance. Hong Kongs Bitcoin and Ether ETFs Face Unprecedented $52.5M...

Subaru and Toyota Collaborate on 3 New Electric SUVs, Citing ‘Huge Risk’ of Solo EVs

Subaru and Toyota are expanding their partnership to produce three new electric SUVs, with Subarus CEO citing the huge risk of developing EVs independently. Subaru Partners with Toyota to Reduce Risks in EV Development,...

First Look: Tesla Cybertruck's New Tactical Grey Interior Spotted in Forum Images

Tesla enthusiasts got a first look at the new Tactical Grey interior for the Cybertruck, revealed through leaked images on the Cybertruck Owners Club Forum. Cybertruck Owners Forum Unveils Tactical Grey Interior Last...