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

Become a contributor

Bookmark Econotimes

Economy

Mon, May 18, 2026 02:06 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Oil Prices Rebound Slightly After Sharp Drop on Iran Deal Hopes

May 07, 2026 04:13 am UTC| Economy

Oil prices moved modestly higher during Asian trading on Thursday after suffering a steep decline of more than 7% in the previous session. Investors continued to monitor developments surrounding a possible U.S.-Iran...

Dollar Weakens as Iran Peace Hopes Boost Risk Appetite and Yen Gains Strength

May 07, 2026 04:12 am UTC| Economy

The U.S. dollar slipped on Wednesday as investors shifted away from safe-haven assets and moved toward riskier investments following renewed optimism over a possible peace agreement between Washington and Tehran. The...

Wall Street Futures Slip After Record Rally Fueled by Iran Peace Hopes and AMD Surge

May 07, 2026 04:10 am UTC| Economy

U.S. stock index futures edged lower on Wednesday evening after Wall Street closed at fresh record highs, driven by growing optimism over a possible peace agreement between the United States and Iran, alongside a powerful...

Australia Posts Surprise Trade Deficit as Imports Surge on AI Equipment Demand

May 07, 2026 04:08 am UTC| Economy

Australia recorded an unexpected trade deficit in March as exports declined and imports jumped sharply, driven by rising demand for artificial intelligence-related computing equipment and fuel imports. According to data...

Japan Signals Readiness for More Yen Intervention Ahead of Bessent Visit

May 07, 2026 04:03 am UTC| Economy

Japan reaffirmed its willingness to intervene in currency markets to support the yen, with top currency official Atsushi Mimura stating that Tokyo faces no restrictions on how frequently it can step into the foreign...

China Banks Halt New Loans to Sanctioned Refineries Amid U.S.-Iran Oil Crackdown

May 07, 2026 04:01 am UTC| Economy Governance Business

Chinas financial regulator has reportedly instructed the countrys biggest banks to temporarily stop issuing new loans to several Chinese refineries sanctioned by the United States over alleged purchases of Iranian oil....

Yen Surges After Suspected Japan Currency Intervention

May 06, 2026 08:24 am UTC| Economy

The Japanese yen strengthened sharply on Wednesday, hitting its highest level in more than two months after reports suggested that Japanese authorities recently intervened in the foreign exchange market to support the...

11 12 13 14 15 16 17 18 19 20

Economy

China Pledges $17 Billion in U.S. Agricultural Purchases Through 2028

China has agreed to purchase at least $17 billion worth of U.S. agricultural products annually in 2026, 2027, and 2028, according to a White House fact sheet released on Sunday. The announcement followed high-level...

China vs U.S. AI Race Shifts Toward Robotics and Manufacturing Power in 2026

The global competition for artificial intelligence dominance is no longer driven solely by computing power and advanced chips. A new Alpine Macro report released on May 12, 2026, argues that industrial scale, manufacturing...

Sterling Slides as UK Political Uncertainty Sparks Market Volatility

The British pound came under heavy selling pressure on Thursday after rising political uncertainty in the United Kingdom triggered a sharp increase in forex market volatility. Investors reacted swiftly to reports...

Fed Rate Hike Fears Return as Inflation Risks Reshape Global Market Sentiment

Institutional investors are becoming increasingly worried about rising inflation risks in the United States, while concerns over slowing economic growth continue to fade. A new Bank of America global FX and Rates Sentiment...

Samsung Strike Talks Resume as South Korea Weighs Emergency Action

South Korea is considering all available measures, including emergency arbitration, to prevent a potential labor strike at Samsung Electronics, according to Prime Minister Kim Min-seok. The government is aiming to minimize...

Politics

Cuba Denies U.S. Drone Threat Claims Amid Rising Tensions

Cuban Foreign Minister Bruno Rodriguez has rejected accusations that Cuba is preparing military aggression against the United States, calling the allegations a fraudulent case designed to justify tougher economic sanctions...

Russia Downs Over 3,100 Ukrainian Drones in One Week Amid Escalating Attacks

Russia claimed it intercepted and destroyed at least 3,124 Ukrainian drones over the past week, according to data released by the countrys Defence Ministry and reported by the state-run RIA news agency. The reported surge...

Trump Envoy Jeff Landry Visits Greenland Amid U.S. Push for Stronger Arctic Influence

U.S. special envoy Jeff Landry arrived in Nuuk, Greenland, on Sunday as the Trump administration continues efforts to strengthen American influence in the Arctic region. Landry, who currently serves as governor of...

Russia Downs Hundreds of Ukrainian Drones in Largest Moscow Attack in Over a Year

Russia reported one of the largest Ukrainian drone attacks on Moscow and surrounding regions in more than a year, leaving at least four people dead and several others injured. The large-scale overnight assault targeted...

Colombia Election Violence: Two Campaign Workers for Abelardo De La Espriella Killed Ahead of Presidential Vote

Political violence in Colombia has intensified after two campaign workers supporting right-wing presidential candidate Abelardo De La Espriella were killed just weeks before the countrys 2026 presidential election. The...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Samsung Union Talks Enter Final Stage as Strike Threat Looms

Samsung Electronics and its largest labor union are set to resume critical wage negotiations on Monday as both sides race to prevent a major strike that could disrupt South Koreas economy and global semiconductor supply...

SpaceX Shareholders Approve 5-for-1 Stock Split Ahead of Potential IPO

A majority of SpaceX shareholders have reportedly approved a 5-for-1 stock split proposed by the companys board, according to a Bloomberg News report published Friday. The decision comes as interest continues to grow...

FTC Antitrust Probe Targets Arm Holdings Over Chip Licensing Practices

Arm Holdings Plc (NASDAQ: ARM) is reportedly under formal investigation by the U.S. Federal Trade Commission (FTC) over concerns tied to its semiconductor licensing business, according to Bloomberg. The probe marks a...

Applied Materials Forecasts Strong Q3 Revenue as AI Chip Demand Accelerates

Applied Materials posted record fiscal second-quarter revenue on Thursday and issued a stronger-than-expected forecast for the third quarter, fueled by rising global investment in artificial intelligence infrastructure and...

Anthropic Nears $30 Billion Funding Round at $900 Billion Valuation

AI startup Anthropic is reportedly close to securing a massive $30 billion fundraising deal that would value the company at approximately $900 billion, according to a Financial Times report published Friday. The new...