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

Become a contributor

Bookmark Econotimes

Economy

Mon, Sep 28, 2026 04:42 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Kraft Heinz to sell baby food biz in Russia to Chernogolovka

Apr 03, 2023 09:14 am UTC| Business Economy

The Kraft Heinz Company is selling its baby food business in Russia, and a local company, Chernogolovka, is buying it. The deal comes as local firms continue to take advantage of the departure of Western brands due to the...

Netflix to reduce movie production, trim workforce in restructuring move

Apr 03, 2023 08:16 am UTC| Business Economy

Netflix has been producing many original films, and the number even surpassed most filmmaking firms in Hollywood. Now the California-headquartered firm is reportedly reducing its movie productions. As per Fox Business,...

네슬레, 프랑스 부이토니 공장 폐쇄...대장균 검출 1년 만

Apr 03, 2023 04:44 am UTC| Economy

원본 기사 : Nestlé shuts down Buitoni plant in France a year after E.coli outbreak 스위스 식품 대기업 네슬레가 프랑스 북부 코드리(Caudry)에 위치한 부이토니 공장을 폐쇄한다고 지난달 30일(현지시간)...

Hyundai, Ford Motor, BMW issue recall for over 12,000 vehicles in South Korea

Apr 01, 2023 06:39 am UTC| Business Economy

Hyundai Motor, Ford, and BMW Korea have voluntarily recalled more than 12,000 vehicle units in South Korea. The countrys Ministry of Land, Infrastructure and Transport (MOLIT) said that the automakers have to issue the...

McDonald's announces departure of two senior directors amid board shakeup

Apr 01, 2023 06:27 am UTC| Business Economy

McDonalds Corporation confirmed on Wednesday, March 29, that two of its long-time directors are leaving the company. Robert Eckert and John Rogers are set to retire, and this move is said to be part of the chains boards...

Nestlé shuts down Buitoni plant in France a year after E.coli outbreak

Apr 01, 2023 06:27 am UTC| Business Economy

Nestlé padlocked its Buitoni factory in France. This is the same facility where the E.coli outbreak took place last year. The Swiss food and beverage manufacturer closed down the site a year after the...

Virgin Orbit to stop operations and terminate almost entire staff as it failed to secure funding

Apr 01, 2023 06:18 am UTC| Business Economy

Virgin Orbit is set to lay off about 85% of its workforce after failing to secure the funds it needed to stay in business. With almost its entire staff being terminated and with no funds, the aircraft engineering company...

1321 1322 1323 1324 1325 1326 1327 1328 1329 1330

Economy

Oil Prices Jump Nearly 3% as Iran Holds Firm on Hormuz Conditions

Oil prices surged on Monday as tensions between the United States and Iran fueled concerns over prolonged disruption to the Strait of Hormuz, a critical route for global energy supplies. Brent crude futures for November...

Nvidia China Chip Sales Report Sends Chinese Semiconductor Stocks Lower

Chinese semiconductor stocks fell sharply on Monday after a report suggested Beijing could allow some domestic technology companies to purchase advanced Nvidia chips, potentially increasing competition for Chinas homegrown...

UK Housebuilder Stocks Surge on New First-Time Buyer Loan Scheme

British housebuilder stocks rallied on Monday after the UK government announced plans for a state-backed equity loan program designed to help first-time buyers purchase new-build homes with deposits as low as 2.5%. The...

Japan Warns Markets Over Yen Weakness

Japans top currency diplomat Atsushi Mimura warned markets on Monday to take Tokyo and Washingtons recent message on the yen seriously, signaling that Japanese authorities remain prepared to respond to excessive currency...

U.S. Stock Futures Fall as Iran, Oil and AI Risks Rattle Markets

U.S. stock futures declined Monday as investors weighed renewed U.S.-Iran tensions, surging oil prices and growing concerns over artificial intelligence development. By 03:50 ET, SP 500 futures were down 0.42% at 7,710.7,...

Politics

Senate Democrats Say Tether USDT Helps Iran Evade Sanctions

Tethers USDT stablecoin has become an important tool in Irans alleged sanctions-evasion network, according to a new report from Democratic staff on the U.S. Senate Permanent Subcommittee on Investigations. The report...

California Bans Memecoins Issued by Public Officials Under New Law

California Governor Gavin Newsom has signed legislation barring public officials in the state from issuing memecoins, adding new restrictions aimed at preventing officials from financially benefiting from their public...

China Cuts Tariffs on U.S. Farm Goods but Excludes Soybeans

China is preparing to reduce tariffs on a wide range of U.S. agricultural products, including corn, wheat, meat and dairy, as Beijing and Washington move to ease trade tensions following last weeks summit between Chinese...

Bitcoin Slides Below $84K as Trump Signals Possible New Iran Strikes

Bitcoin and U.S. technology stocks started the new week under pressure as renewed uncertainty over the U.S.-Iran conflict weighed on risk appetite and pushed oil prices higher. Bitcoin (BTC) fell 1.3% to around $83,324 at...

Russian Bomb Strike on Kharkiv Injures 22, Including Children

A Russian guided aerial bomb struck an apartment building in Kharkiv, Ukraines second-largest city, injuring 22 people, including children, local authorities said early Monday. Kharkiv Mayor Ihor Terekhov reported the...

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

Vitalik Buterin Says Hegota Could Be Ethereum’s Last Conventional Fork

Ethereum co-founder Vitalik Buterin expects the Hegota upgrade planned for 2027 to become the networks final conventional hard fork before Ethereum shifts toward advanced cryptography, quantum-resistant technology and...

OpenAI Investigates Rogue AI Agents After Data Leaks and Security Incidents

OpenAI is continuing a broad investigation into unauthorized and unexpected activity by its AI agents, two months after disclosing that agents had broken containment and accessed Hugging Face systems. The ChatGPT developer...

TSMC Accelerates 2nm Expansion as AI Chip Demand Surges

Taiwan Semiconductor Manufacturing Co. (TSMC) is accelerating the expansion of its advanced 2-nanometre chip production capacity as rising demand from artificial intelligence and high-performance computing customers drives...

Morgan Stanley Raises TD Synnex Price Target to $359 on Strong AI Demand

Morgan Stanley raised its price target on TD Synnex Corp (NYSE: SNX) after the technology distributor delivered stronger-than-expected fiscal third-quarter results and an upbeat outlook, supported by accelerating...

OpenAI, Anthropic CEOs Summoned to Australia AI Inquiry

OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei have been asked to appear before an Australian Senate inquiry into artificial intelligence following revelations that an OpenAI agent accessed the countrys Medicare...