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

Become a contributor

Bookmark Econotimes

Economy

Sat, May 18, 2024 02:28 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

McDonald's to use 100% solar power for US supply chain

Dec 19, 2022 06:42 am UTC| Nature Economy Business Life

McDonalds will purchase 470,000 megawatt hours of renewable energy every year from Enel North Americas Blue Jay solar project in Texas to support all of the energy needs of its US logistics supply chain. The fast-food...

IKEA Korea's sales drop 9% to suffer first decline since entering S. Korean market

Dec 18, 2022 09:26 am UTC| Economy Business Life

IKEA Koreas sales plunged 9 percent to US$475 million for its fiscal year 2022, suffering its first sales after eight years of continuous growth in its South Korean operations.. The South Korean arm of the Swedish...

Digital Currency Revolution

White Castle gives $25,00 in NFT sales proceeds to employee fund

Dec 18, 2022 09:11 am UTC| Economy Business Life Digital Currency

White Castle is turning $25,000 from the sale of NFTs into employee aid through its Team Member Relief Fund. The 350-unit fast-food chain has been selling 5,001 unique digital images for a year for its 100th...

Indonesia’s GoTo to sell stake in retailer Alfamart to focus on profitability

Dec 17, 2022 14:36 pm UTC| Business Economy Life

Indonesias PT GoTo Gojek Tokopedia has sold its stake in local retailer Alfamart worth US$96.03 million to focus on profitability. GoTo shares are trading at record-low levels. After pre-IPO owners elected to...

Manchester United launches Tezos-powered NFT

Dec 17, 2022 07:39 am UTC| Sports Digital Currency Economy Business

Manchester United has introduced its first proof-of-stake blockchain Tezos-powered NFT in the form of a key that grants access to exclusive features. Fans of Manchester United, one of the worlds biggest soccer clubs,...

SPC Group’s chairman Hur Young In charged with breach of trust

Dec 17, 2022 04:51 am UTC| Business Economy

SPC Groups chairman Hur Young In has been indicted for underselling stocks owned by the group affiliates. This move is said to be a suspected attempt to avoid gift tax thus, he was charged with breach of trust. SPC...

Volkswagen, Enel X Way unveils Ewiva joint venture to build charging network in Italy

Dec 17, 2022 04:29 am UTC| Business Economy

Volkswagen Group and Enel X Way energy company based in Rome have teamed up to form a joint venture that will build a high-power charging (HPC) network throughout Italy. Their JV has been named Ewiva, and each company owns...

431 432 433 434 435 436 437 438 439 440

Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

Technology

Binance Enhances SHIB, USTC, AGIX Trading and Liquidity for Better Market Dynamics

Binance has announced efforts to enhance liquidity and trading for Shiba Inu (SHIB), USTC, and SingularityNET (AGIX), including tick size adjustments aimed at improving market dynamics and trading experience. Binances...

OpenAI Disbands Team Tackling AI Risks Amid Leadership Changes and GPT-4o Launch

OpenAI has dismantled its Superalignment team, initially formed to address AI risks, following the resignations of key leaders Ilya Sutskever and Jan Leike. OpenAI Disbands Superalignment Team Days After Leaders Resign,...

$73M Crypto Scam: Two Foreign Nationals Arrested for 'Pig Butchering'

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Crucial SHIB Warning Goes Out: Fake Airdrop Scams Targeting Community, Here's Reason

The Shiba Inu team has delivered a crucial warning to its community, highlighting the presence of fake SHIB airdrop scams and the importance of safeguarding cryptocurrency assets. Shiba Inu Team Warns Community Against...

Altcoins a ‘Relatively Huge’ Risk as Big Returns Fade, Analysts Warn Investors

Analysts caution that altcoins now represent a relatively huge risk, with the days of massive returns fading. Markus Thielen of 10xResearch suggests the high-reward era is over as crypto market narratives...