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

Become a contributor

Bookmark Econotimes

Economy

Fri, Jul 03, 2026 07:24 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

IKEA cuts down business in Russia; Local furniture chains eyeing shuttered stores

Jun 20, 2022 07:33 am UTC| Business Economy

IKEAs shuttered stores and warehouses in Russia are reportedly being eyed by local furniture chains - Tvoi Dom and Hoff. The Russian brands are both interested in acquiring the Swedish-founded, Dutch-headquartered...

McDonald's is giving free Sprite to let diners decide how the taste of Sprite sounds

Jun 18, 2022 23:36 pm UTC| Life Economy Business

McDonalds is offering a free Sprite on June 21 to customers who spend at least $1 on their app with the hope that they will describe on social media what they believe the taste of Sprite sounds like. To make...

Budweiser, Michelob manufacturer to give up exclusive Super Bowl sponsorship after 2023

Jun 18, 2022 23:36 pm UTC| Sports Economy Business

Anheuser-Busch InBev (AB InBev), the maker of Budweiser, Bud Light, and Michelob Ultra, will not renew its exclusive sponsorship deal for the Super Bowl after next years event. Since 1989, AB InBev has sponsored the...

BrewDog to cut carbon emissions with £12 million bio-energy plant

Jun 18, 2022 23:35 pm UTC| Nature Economy Business

BrewDog has commissioned a 12 million green gas plant that will power the production of over 176 million pints of beer each year, which would result in 7,500 fewer tons of carbon emissions annually when the facility in...

Costco sued for mistreating chickens

Jun 18, 2022 23:35 pm UTC| Law Economy Business

The Legal Impact for Chickens had filed a lawsuit on behalf of two Costco shareholders against the companys directors and officers who have caused the neglect and abandonment of chickens in violation of state law in...

SK Geocentric collaborates with French, Canadian firms on building plastic waste recycling plant in France

Jun 17, 2022 22:24 pm UTC| Nature Economy Business

SK Geocentric Co. has signed an initial deal with French water management company Suez S.A. and Canadian plastic waste recycling firm Loop Industries to build a 70,000-ton plastic waste recycling plant in...

NHL extends Pepsi deal, to announce new sports drink partner replacing Gatorade

Jun 17, 2022 22:19 pm UTC| Sports Economy Business

PepsiCo has extended its North American partnership with the National Hockey League (NHL) and its players association (NHLPA), maintaining exclusive North American rights in the carbonated soft drinks, water, energy...

1591 1592 1593 1594 1595 1596 1597 1598 1599 1600

Economy

Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch

Most Asian currencies edged higher on Friday after the U.S. dollar retreated from a 13-month high following weaker-than-expected U.S. nonfarm payrolls data, raising fresh questions about the Federal Reserves interest rate...

Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions

Asian stock markets rebounded sharply on Friday as investors returned to technology shares following a week of heavy selling, while easing geopolitical tensions and growing expectations of Federal Reserve interest rate...

Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook

Oil prices edged lower on Friday as improving global crude supplies and expectations of near-term oversupply continued to pressure the market, while traders reduced bearish positions ahead of the U.S. holiday weekend....

Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears

Gold prices stabilized on Friday as weaker-than-expected U.S. nonfarm payrolls data eased concerns over additional Federal Reserve interest rate hikes, helping bullion recover after recently falling to an eight-month low....

China Services PMI Beats Forecasts as Strong Demand Supports June Growth

Chinas services sector expanded at a faster-than-expected pace in June, highlighting the resilience of the countrys economy despite ongoing challenges in domestic consumption. A private business survey released on Friday...

Politics

US Ambassador Prioritizes Cook Islands Critical Minerals, Warns of China’s Pacific Influence

The United States is placing greater emphasis on securing critical minerals from the Cook Islands, with newly appointed U.S. Ambassador Jared Novelly identifying the resource-rich nation as a key strategic priority while...

Air Force Investigates Officer After Capitol Protest Calling for Trump, Vance Impeachment

The U.S. Air Force has launched an investigation into an active-duty officer who publicly called for the impeachment of President Donald Trump and Vice President JD Vance during a protest outside the U.S. Capitol, drawing...

Venezuela Interim President Defends Earthquake Response as Death Toll Climbs

Venezuelas Interim President Delcy Rodriguez on Thursday strongly defended her governments response to the devastating earthquakes that struck the countrys northern coast, rejecting accusations that officials reacted too...

Taiwan Simulates Chinese Blockade and Invasion in Major Civil Defense Drill

Taiwan has stepped up its civil defense and military preparedness with one of its most comprehensive resilience exercises, simulating a Chinese blockade, cyberattacks, disinformation, infrastructure sabotage, a major...

US Appeals Court Limits ICE Detention Without Bond Hearings After 90 Days

A U.S. federal appeals court ruled that Immigration and Customs Enforcement (ICE) cannot detain migrants for more than 90 days without giving them an opportunity to seek release through a bond hearing, dealing a setback to...

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 Tightens AI Access Controls After Reports of China-Based Workarounds

Anthropic is strengthening measures to prevent unauthorized access to its artificial intelligence services from China after discovering that several Chinese companies had allegedly bypassed its restrictions, according to a...

Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round

Hong Kong-listed shares of Kuaishou Technology (HK:1024) climbed more than 6% on Thursday after its spun-off artificial intelligence business, Kling AI, secured an initial $2 billion in venture capital funding to...

Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment

Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg has acknowledged that the companys progress in developing artificial intelligence (AI) agents has been slower than expected, despite Metas aggressive investment in AI...

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...