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

Become a contributor

Bookmark Econotimes

Economy

Fri, Jul 03, 2026 01:19 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Rivian issues recall for almost all of its vehicle units over loose fastener

Oct 10, 2022 07:15 am UTC| Business Economy

Rivian, the Irvine, California-headquartered electric vehicle and automotive technology company, announced a recall for almost all of the pickup trucks it built. Based on the details that were posted by the U.S. National...

Cathay Pacific is facing staff shortages after losing thousands of captains and first officers, HK union claims

Oct 10, 2022 06:33 am UTC| Business Economy

Cathay Pacific Airways Ltd is the flag carrier of Hong Kong, and it is reportedly facing major staff shortages, which have never happened in a really long time. With the situation, the airline may not be able to handle the...

Elon Musk reveals PepsiCo is the first company to receive Tesla’s Semi trucks

Oct 10, 2022 06:19 am UTC| Business Economy

Teslas Semi Truck is ready to be delivered, and Elon Musk revealed that PepsiCo is the very first company to receive the long-delayed electric trucks. The beverage and snack manufacturer is set to get the very first batch...

McDonald’s starts utilizing wood utensils, paper straws in Japan

Oct 08, 2022 22:16 pm UTC| Nature Life Economy Business

McDonalds has launched a nationwide initiative to use paper straws and wooden spoons, forks, knives, and muddlers at its branches in Japan. The move is part of McDonalds global commitment to change all customer...

LaLiga and Dapper Labs launch NFT digital video collectibles platform

Oct 08, 2022 22:16 pm UTC| Sports Economy Business

LaLiga and Dapper Labs have launched an official NFT platform for digital video collectibles based on iconic moments from Spanish soccers top flight dubbed Golazos. Fans can purchase and sell NFTs made out of a legally...

NBA 2K League adds Australian NBL team

Oct 08, 2022 22:15 pm UTC| Sports Economy Business Technology

The NBA 2K League esports competition is adding an Australian expansion team dubbed NBL Oz Gaming beginning the 2023 season, through an agreement with the countrys National Basketball League (NBL). NBL Oz Gaming becomes...

Arla allots €500 million to pay milk farmers more for sustainability

Oct 08, 2022 22:15 pm UTC| Nature Economy Business

Arla Foods will pay farmers more for their milk if they reduce emissions on their farms under its 500 million sustainability incentive scheme. The scheme is designed to help the company achieve its 2030 emission...

1441 1442 1443 1444 1445 1446 1447 1448 1449 1450

Economy

Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence

Moodys believes Perus President-elect Keiko Fujimori is well-positioned to strengthen investor confidence by maintaining economic policy continuity and protecting the countrys key institutions. According to the ratings...

New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease

New Zealand consumer confidence improved in June as inflation expectations declined, signaling a gradual recovery in household sentiment despite overall optimism remaining below pre-oil price spike levels, according to the...

Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer

Brazils government will remove its gasoline subsidy much sooner than the diesel subsidy, opting for a gradual approach to prevent disruptions in the countrys fuel market while maintaining its fiscal-neutrality goals....

Denmark Central Bank Intervenes to Support Krone Peg Against Euro

Denmarks central bank stepped into the foreign exchange market in June for the first time in more than six years to support the Danish krone after the currency weakened to its lowest level against the euro in over 25...

Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations

Gold prices rallied sharply on Thursday, with spot gold climbing more than 2% after a weaker-than-expected U.S. jobs report reduced expectations for additional Federal Reserve interest rate hikes. The softer labor market...

Politics

Russia’s Deadly Kyiv Missile and Drone Attack Kills 27 as Zelensky Urges Faster Air Defense Support

Russia launched one of its largest air assaults on Ukraines capital, Kyiv, overnight, killing at least 27 people, injuring 91 others, and damaging around 130 buildings in the deadliest attack on the city this year....

Russian Attacks Kill Three in Eastern Ukraine as Civilian Casualties Mount

Russian attacks across eastern Ukraine killed at least three people on Thursday, including a seven-year-old child, while several others were injured in strikes targeting multiple regions, according to Ukrainian regional...

DHS Investigates Cyber Breach in Homeland Security Information-Sharing Network

The U.S. Department of Homeland Security (DHS) has launched an investigation into a cybersecurity breach involving an unnamed government information-sharing network, raising fresh concerns about the security of sensitive...

Trump Accounts Now Accept Stock Donations as Treasury Launches New Child Investment Program

Individuals and businesses will soon be able to donate publicly traded stocks to Trump Accounts, the government-backed investment accounts created under President Donald Trumps landmark tax and immigration law, according...

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...

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

Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan

Kioxia is set to mark a major milestone on Friday with a ceremony at its manufacturing facility in northern Japan as the company prepares to begin mass production of its next-generation NAND flash memory chips. The move...

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...

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...