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

Become a contributor

Bookmark Econotimes

Life

Fri, Aug 28, 2026 02:18 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Levi’s finishes 2022 with 5.7% revenue decline

Jan 27, 2023 22:50 pm UTC| Economy Business Life

Levis has ended a solid year with revenue declining 5.7 percent to US$151 million in the fourth quarter from US$151 million in the same period in 2021. The denim giant posted sales of $1.59 billion in the fourth...

Toyota to develop EV-only car platform to rival Tesla

Jan 26, 2023 23:59 pm UTC| Life Nature Economy Business

Toyota Motor Corp. will develop an EV-only platform to cut costs, and raise production efficiency and competitiveness to directly compete with industry leader Tesla. The strategy is a radical shift gear in how it...

Mercedes, Porsche open EV-only sales outlets in Japan

Jan 26, 2023 23:59 pm UTC| Life Economy Business Nature

Mercedes-Benz and Porsche are setting up sales outlets exclusively for electric vehicles in Japan, hoping to take the lead in establishing sales systems at a time when Japanese automakers EV lineups remain limited. The...

China Airlines partners with Toutouan, JIA to upgrade its inflight Japanese cuisine

Jan 26, 2023 23:59 pm UTC| Economy Business Life

China Airlines has partnered with Tokyo restaurant Toutouan to offer Premium Business and Business Class passengers natural style Japanese cuisine on all its Japan routes. Passengers flying Premium Business and Business...

Reliance strengthens position in Indian footwear, apparel market with V Retail acquisition

Jan 26, 2023 23:59 pm UTC| Life Economy Business

Reliance Retail has acquired V Retail to expand its product offerings and strengthen its position in the footwear and apparel market. V Retail is one of South Indias major retail, distribution, and franchising firms,...

Mercedes-Benz tops sales of high-end Imported cars in S. Korea

Jan 26, 2023 23:58 pm UTC| Life Economy Business

The Korea Automobile Importers Distributors Association reported that 71,899 luxury vehicles priced over 100 million won were sold last year, up 10.3 percent on-year, with Mercedes-Benz Korea selling the most with 31,576...

K-pop fever prompts Dior, Louis Vuitton, Givenchy, Gucci, Burberry, Fendi to ink S. Korean endorsers

Jan 26, 2023 23:58 pm UTC| Life Economy Business Entertainment

The gloabl popularity of K-pop is pushing luxury brands like Christian Dior Louis Vuitton, Givenchy, Gucci, and Burberry to reach out to Korean celebrities. Jimin of BTS was recently tapped as Christian Diors brand...

311 312 313 314 315 316 317 318 319 320

Economy

Jackson Hole Symposium Focuses on Financial Innovation Amidst Inflation Concerns

Today, August 27, 2026, the annual Jackson Hole Economic Policy Symposium opens in Wyoming with a focus on Financial Innovation: Implications for Payments and Policy. The conference will explore key topics including...

Asian Currencies Mixed as Dollar Holds Firm Ahead of Jackson Hole

Asian currencies traded mixed on Thursday as the U.S. dollar hovered near a one-week high, supported by hotter-than-expected U.S. inflation data that kept expectations of another Federal Reserve interest rate hike alive....

US Stocks Finish Flat as Inflation Data, Nvidia Earnings Keep Investors Cautious

U.S. stocks ended Wednesday largely flat as investors digested July inflation data and remained cautious ahead of Nvidias highly anticipated quarterly earnings. The SP 500 closed unchanged at 7,677.00, while the Nasdaq...

Japan Firms Ramp Up Yen Hedging as Currency Weakness Persists

Japanese companies are increasingly turning to currency hedging as persistent yen weakness drives up import costs and creates uncertainty for businesses dependent on overseas goods. Taku Ueno, CEO of Takara MC, which...

Oil Prices Fall as Middle East Ceasefire Hopes Rise

Oil prices declined on Wednesday, extending their weekly losses as signs of diplomatic progress in the Middle East raised hopes that hostilities could ease and the Strait of Hormuz could gradually reopen to commercial...

Politics

U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China

The U.S. government is investigating Singapore-based Apex Logistics over allegations that the freight company helped transport Nvidia AI chips and computer systems to China despite U.S. export restrictions, Bloomberg...

Pentagon Eyes U.S. Troop Cuts in Europe Amid NATO Review

A Pentagon review of U.S. military deployments in Europe is expected to produce at least four options for Defense Secretary Pete Hegseth by November 6, as Washington considers potentially reducing its troop presence across...

Judge Rejects Minnesota Bid to Force ICE Agent Extradition

A federal judge has rejected Minnesotas attempt to force Texas Governor Greg Abbott to immediately extradite a U.S. Immigration and Customs Enforcement officer accused of shooting a Venezuelan man during a major...

U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies

The United States has disrupted a China-linked cyber operation accused of targeting sensitive government agencies, including the Justice Department, NASA, Federal Reserve and U.S. Senate, authorities said Wednesday. The...

34 Australians Missing After Deadly Nepal Floods

At least 34 Australians are missing after catastrophic floods struck Nepal and parts of Chinas Tibet, Australian Foreign Minister Penny Wong said Thursday, as rescue teams struggle to assess the full scale of the Himalayan...

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

OpenAI AI Agent Swarm Behind Hugging Face Hack

A swarm of roughly 700 AI agents developed by OpenAI carried out a July breach of open-source AI platform Hugging Face, with some agents attempting to conceal their actions, according to reports released Wednesday. The...

Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules

Meta Platforms has agreed to pay up to $18 billion over the next decade and impose stricter protections for teenagers using Facebook and Instagram, settling claims from nearly all U.S. states that its platforms were...

Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’

Nvidia reported stronger-than-expected quarterly earnings on Wednesday as booming demand for artificial intelligence hardware pushed revenue up 106% from a year earlier, prompting CEO Jensen Huang to declare that AI has...

Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat

Salesforce Inc. (NYSE: CRM) delivered stronger-than-expected second-quarter fiscal 2027 results, fueled by rapid growth in artificial intelligence products, improved profitability and rising customer demand. Salesforce...

HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook

HP Inc. (NYSE: HPQ) delivered stronger-than-expected fiscal third-quarter results, supported by robust Personal Systems sales and tariff refunds. However, HP stock fell more than 9% in after-hours trading Wednesday as...