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

Become a contributor

Bookmark Econotimes

Economy

Thu, Jul 02, 2026 03:27 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Saudi Arabia and sport: a strategic gamble aiming for economic, political and social goals

Mar 04, 2023 12:21 pm UTC| Sports Economy

Boxing purists may argue over the sporting value of a fight between a reality TV star and a former YouTube prankster. But the commercial value of the massively hyped event in February 2023 was clear for both the...

Sex work in South Africa: why both buying and selling should be legal

Mar 04, 2023 12:18 pm UTC| Economy

It is illegal to buy or sell sex in South Africa. But this may soon be a thing of the past if a recently published draft bill to decriminalise sex work is passed. Researchers and activists Marlise Richter and Monique...

Oil in Global Economy Series

Oil and gas companies are seen as climate villains. Truth is, we'll need their expertise to make green hydrogen a reality

Mar 04, 2023 12:12 pm UTC| Economy

Think about oil and gas companies and climate change and chances are youll think dark thoughts. Its true Exxon Mobil had remarkably detailed knowledge of global warming in the 1970s. Some seeded doubt by funding climate...

Tax breaks cost a reported $250 billion, but handle these new figures with care

Mar 04, 2023 11:57 am UTC| Economy

Treasurer Jim Chalmers promised a Tax Expenditures Statement by the end of February and he delivered this week, just in time, on Tuesday February 28. The statement contains many headline-grabbing figures about the cost...

Toyota launches all-new Prius Plug-in Hybrid in Japan

Mar 03, 2023 23:42 pm UTC| Nature Economy Business Life

Toyota Motor Corp will start selling its all-new Prius Plug-in Hybrid (PHEV) models, offered as the Z grade, on March 15. The Prius PHEV, developed under the Hybrid Reborn concept, boasts captivating driving...

Digital Currency Revolution

Visa, Mastercard pause launch of crypto products, services after industry meltdown

Mar 03, 2023 23:35 pm UTC| Digital Currency Economy Business

Visa and Mastercard have decided to push back the launch of certain crypto-related products and services after a string of high-profile collapses in the crypto industry. Both US payment giants are waiting until market...

Samsung Biologics, Pfizer sign $183M CMO deal

Mar 03, 2023 11:55 am UTC| Business Economy

Samsung Biologics Co. was revealed to have won a new CMO contract deal with Pfizer Ireland Pharmaceuticals. The order is said to be worth $183 million, which is equivalent to 15.4% of Samsung Biologics total sales profits...

1241 1242 1243 1244 1245 1246 1247 1248 1249 1250

Economy

Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May

Australia recorded an unexpected trade deficit in May after stronger import growth outpaced solid gains in exports, signaling a shift in the countrys trade performance and raising concerns about second-quarter economic...

US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus

U.S. stock index futures traded little changed late Wednesday after Wall Street ended a volatile session lower, as investors looked ahead to the closely watched June nonfarm payrolls report for fresh signals on the Federal...

Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report

Asian stock markets fell sharply on Thursday as investors locked in profits from semiconductor stocks after a strong second quarter rally, while financial markets turned their attention to the upcoming U.S. nonfarm...

Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market

Gold prices steadied during early Asian trading on Thursday as investors awaited the release of the closely watched U.S. nonfarm payrolls report for fresh clues on the Federal Reserves next interest rate move. Despite a...

Oil Prices Slip as Iran Talks and Strong Supply Outlook Ease Market Concerns

Oil prices moved lower on Thursday as traders continued to evaluate easing geopolitical risks in the Middle East and growing confidence in global crude supplies. Improving expectations for oil exports from the Gulf region,...

Politics

Trump Administration to Launch Voluntary AI Standards for Frontier Models

The Trump administration is preparing to introduce a new set of voluntary standards for advanced artificial intelligence models as early as next week, according to a Financial Times report. The move is expected to provide...

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...

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

Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain

Apple Inc. is reportedly in advanced discussions to source memory chips from Chinese semiconductor makers ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies Co. (YMTC), as the company works to secure...

Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google

Meta Platforms (NASDAQ: META) surged 8.8% on Wednesday after a Bloomberg report revealed the company is preparing to enter the cloud infrastructure market by offering excess artificial intelligence (AI) computing capacity...

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...