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

Become a contributor

Bookmark Econotimes

Economy

Thu, Jul 02, 2026 10:14 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Adidas to merge US, Canadian operations to boost efficiency

Jan 17, 2023 08:30 am UTC| Business Economy Sports

Adidas is consolidating its US and Canada operations as it considers ways to boost speed and cohesion, according to the brands spokesperson. The implementation of the changes will conclude by the spring, with business...

아디다스, 톰브라운 상표권 침해 소송서 '패소'..."소비자 혼동 가능성 낮아"

Jan 17, 2023 05:00 am UTC| Economy

원본 기사 : Adidas loses three-stripe design trademark lawsuit against Thom Browne 세계 2위 스포츠웨어 브랜드 아디다스가 하이패션 브랜드 톰브라운에 제기한 상표권 침해 소송에서 패소했다. 맨하탄 법원 배심원단은...

McDonald's successor in Russia applies for trademark in Kazakhstan

Jan 16, 2023 22:45 pm UTC| Economy Business Life

Russian fast-food operator Vkusno Tochka has applied for trademark registration in Kazakhstan following McDonalds exit from its market, according to the Kazakh government said. McDonalds had prohibited its Kazakh...

Adidas loses three-stripe design trademark lawsuit against Thom Browne

Jan 16, 2023 10:28 am UTC| Business Economy

Adidas AG lost its battle against Thom Browne in connection with its dispute over the three-stripe design. A jury in Manhattan court said it made the decision as the sneaker and sportswear manufacturer was not able to...

Walmart teams up with Salesforce to offer local fulfillment and delivery solutions to retailers

Jan 16, 2023 09:59 am UTC| Business Economy

Walmart and its GoLocal delivery subsidiary have teamed up with Salesforce software company to provide retailers easy access to delivery solutions and technologies for their fulfillment hubs. The companies announced their...

KFC Korea to be acquired by Orchestra PE for ₩60B

Jan 16, 2023 09:57 am UTC| Business Economy

KFC Korea is set to be acquired by Orchestra Private Equity for KRW60 billion or about $56 million. It was reported that Yum! Brands Inc. and the Korean PE firm have joined forces to buy the fried chicken chain. With...

Naver completes acquisition of Spain’s Wallapop with another $81M investment

Jan 16, 2023 09:26 am UTC| Business Economy

Naver Corp. has become the largest shareholder in Wallapop, the leading second-hand marketplace in Spain, after completing its buyout deal with a new investment of $80.7 million or about 75 million. According to Pulse...

1301 1302 1303 1304 1305 1306 1307 1308 1309 1310

Economy

Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens

Turkeys automotive market lost momentum in June, with total vehicle sales declining compared to the same period last year, reflecting softer demand across both passenger cars and light commercial vehicles. The latest...

South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan

South Korea signaled heightened vigilance over its currency market on Thursday, with Vice Finance Minister Huh Chang saying the government is maintaining close communication with Japan and other major partners on foreign...

US Resumes Dollar Shipments to Iraq After Months-Long Suspension

The United States has resumed limited shipments of U.S. dollars to Iraq after a months-long suspension, according to a report by The New York Times citing two senior aides to Iraqi Prime Minister Mohammed Shia al-Sudani....

Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes

The Trump administration has declined to renew the U.S.-Mexico-Canada Agreement (USMCA) in its current form, triggering a 10-year countdown that keeps the North American trade pact in force while negotiations continue over...

Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report

Asian currencies traded in a narrow range on Thursday as the U.S. dollar remained close to a 13-month high, with investors awaiting the closely watched U.S. nonfarm payrolls report for fresh clues on the Federal Reserves...

Politics

OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the artificial intelligence company as it seeks to strengthen ties with Washington and address growing political scrutiny over the rapidly...

EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report

Europes semiconductor industry faces mounting challenges from Chinese export controls, heavy reliance on U.S. technology, and persistent structural weaknesses, leaving the region with a difficult outlook unless it...

NRC Proposes Radiation Rule Changes to Boost U.S. Nuclear Power Expansion Under Trump

The U.S. Nuclear Regulatory Commission (NRC) on Wednesday unveiled a proposal to revise long-standing radiation protection rules, a move that aligns with the Trump administrations broader strategy to accelerate nuclear...

Trump Vows U.S. Will Prevent China From Taking Over the Panama Canal

U.S. President Donald Trump declared on Wednesday that the United States will not allow China to take control of the Panama Canal, underscoring Washingtons continued focus on one of the worlds most strategically important...

US Envoy Urges Taiwan to Build ‘Hornet’s Nest’ Drone Defense Against China

Taiwan should rapidly expand its drone capabilities to strengthen deterrence against potential conflict with China, the top U.S. representative to the island said on Thursday, underscoring growing support for Taipeis...

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 Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027

Apple is reportedly preparing one of its most ambitious iPhone product cycles in years, with plans to significantly expand its smartphone lineup through 2027 while increasing production targets for its highly anticipated...

Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production

Samsung Group has unveiled a major investment plan worth 140 trillion won (approximately $90 billion) to strengthen South Koreas technology manufacturing sector, with a strong focus on artificial intelligence (AI),...

Super Micro Employees Detained in Taiwan AI Server Export Investigation

Super Micro Computer (NASDAQ: SMCI) said two employees at its Taiwan subsidiary have been detained pending a court hearing, while two others were released on bail after being questioned in an investigation into the alleged...

Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO

Data center operator Switch has reportedly launched a private funding round led by venture capital giant Andreessen Horowitz, aiming to raise approximately $2 billion in fresh capital at a valuation approaching $50...

ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says

Indias ShareChat is preparing for a potential initial public offering (IPO) next year that could raise up to $400 million, according to a Bloomberg News report citing the companys chief financial officer. The move would...