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

Become a contributor

Bookmark Econotimes

Economy

Wed, Jul 01, 2026 08:04 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

FedEx merges its business units to form one organization to cut costs

Apr 10, 2023 08:39 am UTC| Business Economy

FedEx Corp. confirmed last week it is consolidating its operating companies to cut costs. The transport and delivery service company will combine them all to form just one organization and expect to save billions from the...

South Korea’s Yanolja Cloud buys InnSoft US hospitality solutions for $8.3M

Apr 10, 2023 08:39 am UTC| Business Economy

Yanolja Cloud, an AI-based global SaaS (Software-as-a-service) company based in South Korea, has bought InSoft, an American hospitality solutions firm. With the acquisition, it is planning to set up the best solution...

Lamborghini replaces its supercar Aventador with Revuelto plug-in hybrid

Apr 09, 2023 23:29 pm UTC| Economy Business Nature Life

Lamborghini has replaced its Aventador supercar with the Revuelto, its first plug-in hybrid that includes more tech than ever, marking a big step for the brand in the same direction the rest of the industry is...

Electrified Ford Puma to rival Peugeot e-2008, Mini Aceman

Apr 09, 2023 23:26 pm UTC| Economy Business Nature

Ford will manufacture an electric variant of the Puma in Craiova, Romania in 2024 to rival the Peugeot e-2008 and upcoming Mini Aceman. To be produced alongside the ICE Puma, the Puma EV will share its platform and...

Toyota to launch 10 new EV models by 2026

Apr 09, 2023 23:21 pm UTC| Economy Business Nature

Toyota Motor Corp. will introduce 10 new battery-powered models as it targets sales of 1.5 million EVs a year by 2026, The Japanese automaker will also set up a specialized unit focusing on next-generation battery...

S. Korea's GoPizza opens direct-to-consumer store in Indonesia as part of Asian expansion

Apr 09, 2023 23:16 pm UTC| Life Economy Business

South Korean pizza chain GoPizza has launched a direct-to-consumer store in Jakarta, its first in Indonesia, as part of a broader Asian expansion plan. GoPizza will open its second branch at Mall of Indonesia this...

Johnson & Johnson offers $8.9 billion for settlement of talc cancer claims

Apr 09, 2023 23:11 pm UTC| Economy Business Law Health

Johnson Johnson offered $8.9 billion to settle years-old lawsuits claiming that its talcum powder products caused cancer. The New Jersey-based pharmaceutical giant described their proposal, which still needs a...

1191 1192 1193 1194 1195 1196 1197 1198 1199 1200

Economy

Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data

Asian currencies mostly weakened on Wednesday as the U.S. dollar remained resilient, while the Japanese yen hovered near its weakest level in nearly four decades, keeping traders alert for potential intervention by...

Asian Stocks Mixed as South Korea Slides on Profit-Taking, Japan and China Gain on Strong Factory Data

Asian stock markets traded mixed on Wednesday, with South Korean equities leading regional losses as investors locked in profits after an exceptional second-quarter rally. Meanwhile, stronger manufacturing data from Japan...

Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus

Oil prices edged higher on Wednesday as uncertainty surrounding U.S.-Iran peace negotiations continued to support crude markets, even as record U.S. oil production pointed to improving global supply. Traders remained...

Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels

Gold prices extended their losses during Asian trading on Wednesday, with bullion hovering near an eight-month low after recording its steepest quarterly decline in 13 years. Growing expectations that the Federal Reserve...

UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap

United Nations Secretary-General Antonio Guterres has appealed to member states to urgently fill a $100 million funding gap facing the U.N. Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), warning...

Politics

JD Vance Criticizes Vatican on Immigration, Defends Trump Border Policies

U.S. Vice President JD Vance said he disagrees with the Vaticans position on immigration, calling some of its recent comments troubling after Pope Leo repeatedly criticized President Donald Trumps immigration policies and...

U.S. Military Expands Venezuela Earthquake Relief Mission as Troop Presence Tops 900

The United States has significantly expanded its military presence in Venezuela to support humanitarian relief efforts following last weeks devastating earthquakes, with more than 900 U.S. personnel now operating inside...

Ukraine Preparing for Possible Russian Offensive From Bryansk, Military Chief Says

Ukraine is preparing for a possible new Russian offensive from the countrys northern border, although a direct assault on Kyiv is considered unlikely, according to Ukraines top military commander, Oleksandr Syrskyi....

Trump Prioritizes Iran Diplomacy Over Military Action as Nuclear Talks Continue

President Donald Trump has decided to keep diplomatic negotiations with Iran on track for now, despite recently reviewing options for renewed large-scale military action, according to a Wall Street Journal report citing...

NATO Albania Summit Faces Uncertainty as Trump, Defense Spending Concerns Loom

Plans for NATO to hold its 2027 leaders summit in Albania have been thrown into question as alliance members prepare for next weeks gathering in Turkey, according to Reuters, citing a NATO diplomat, a European official,...

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

Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls

Anthropic announced late Tuesday that the U.S. government has lifted export restrictions on its Claude Fable 5 and Mythos 5 artificial intelligence models, allowing the company to begin restoring user access starting...

South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine

South Koreas antitrust regulator has accused Alphabets Google of abusing its dominant position in the Android app marketplace, a move that could result in a significant financial penalty and new corrective measures if the...

Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox

Microsoft is reportedly preparing another round of job cuts as the technology giant continues to reduce costs while increasing investment in artificial intelligence, according to a Business Insider report published...

Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism

Chip-equipment stocks surged on Tuesday after reports that South Koreas semiconductor leaders, Samsung Electronics and SK Hynix, plan to invest up to $1.3 trillion in new semiconductor manufacturing projects, reinforcing...

Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts

Nvidia (NASDAQ: NVDA) shares rebounded on the final trading day of the quarter after bullish supply-chain research from independent semiconductor firm SemiAnalysis suggested the AI chipmakers data center business could...