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

Become a contributor

Bookmark Econotimes

Politics

Wed, Dec 31, 2025 02:22 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

UN Urges Immediate Gaza Aid Access, Rejects US-Backed Alternative Plan

| Politics

The United Nations has called for the immediate delivery of humanitarian aid to Gaza, rejecting a U.S.-supported alternative distribution plan. UN aid chief Tom Fletcher emphasized on Friday that the organization already...

China Confident Ahead of US Trade Talks as Tariff Cuts Loom

| Politics

China expressed strong confidence in its ability to handle trade tensions with the United States ahead of high-stakes negotiations scheduled this weekend in Geneva. Vice Foreign Minister Chunying Hua, speaking to reporters...

Federal election feel like ages ago? Parliament is now back. Here’s your political refresher

| Insights & Views Politics

Despite many pre-election predictions, the 48th Australian parliament looks quite similar to the 47th. The Labor Party has greater representation than before: 94 Members of the House of Representatives (up from 77) and 29...

Trump Hints at Possible Deadline Extension for Trade Talks Amid Ongoing Negotiations

| Politics Economy

U.S. President Donald Trump signaled flexibility on a July 8 deadline for finalizing trade deals, saying on Wednesday he might extend the timeline if necessary, although he does not expect it will be needed. Speaking at...

Macron Backs EU Ban on Social Media for Children Under 15 After School Stabbing

| Politics Governance

French President Emmanuel Macron is pushing for a European Union-wide regulation to ban social media use for children under 15, following a deadly school stabbing in Nogent, Haute-Marne. Macron made the announcement during...

Macron Backs EU Ban on Social Media for Children Under 15 After School Stabbing

| Politics Governance

Trump Distances U.S. from Israel’s Strike on Iran Amid Nuclear Deal Talks

| Politics

President Donald Trumps administration distanced itself from Israels recent military strike on Iran, emphasizing that the U.S. was not involved. The Israeli airstrikes, which targeted nuclear facilities, came just days...

2391 2392 2393 2394 2395 2396 2397 2398 2399

Economy

China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook

Chinas manufacturing activity unexpectedly returned to expansion in December, ending eight consecutive months of contraction and providing policymakers with renewed confidence as they worked to achieve the countrys annual...

U.S. Stocks Slip as Gold Rebounds Ahead of Year-End, Markets Eye 2026 Outlook

U.S. stocks ended Tuesday modestly lower in a light-volume, pre-holiday session, while gold prices rebounded as global markets approached the penultimate trading day of 2025. Despite the subdued close, Wall Street remains...

Federal Reserve Begins Treasury Bill Purchases to Stabilize Reserves and Money Markets

The Federal Reserve has begun purchasing short-dated U.S. government bonds after concluding that bank reserves had fallen into its targeted ample range, according to minutes from the central banks December 910 policy...

South Korea Inflation Rises to 2.3% in December, Matching Market Expectations

South Koreas consumer inflation showed signs of steady momentum at the end of the year, as official data indicated that prices continued to rise largely in line with market expectations. According to figures released by...

Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading

U.S. stock markets closed modestly lower in choppy trading on Tuesday as gains in communication services stocks were offset by weakness in technology and financial shares. The SP 500 and Nasdaq Composite finished slightly...

Politics

Salvador Nasralla Challenges Honduras Election Results Amid Fraud Allegations

Honduran presidential candidate Salvador Nasralla has formally challenged the results of Honduras recent presidential election, intensifying political tensions following a narrowly decided and controversial vote. Nasralla,...

U.S. Appeals Court Allows Trump Administration to Enforce Medicaid Funding Ban on Planned Parenthood

A U.S. appeals court has ruled in favor of the Trump administration, allowing it to enforce a controversial Medicaid funding restriction targeting Planned Parenthood in several Democratic-led states. On Tuesday, a...

Zohran Mamdani Names Steve Banks as New York City Corporation Counsel Amid Clash With Trump

Incoming New York City Mayor Zohran Mamdani has announced his pick for corporation counsel, selecting Steve Banks as the citys top lawyer in a move that underscores his administrations combative stance toward President...

U.S. Lifts Sanctions on Three Intellexa-Linked Executives Amid Spyware Controversy

The administration of President Donald Trump has lifted U.S. sanctions on three executives connected to the controversial spyware consortium Intellexa, according to a notice published on the U.S. Treasury Departments...

Trump Administration Audits Somali-Origin Citizenship Cases Amid Fraud Allegations

The Trump administration has announced a new audit of immigration cases involving U.S. citizens of Somali origin, citing concerns about potential fraud that could lead to denaturalization, or revocation of citizenship. The...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

SoftBank Completes $41 Billion OpenAI Investment in Historic AI Funding Round

SoftBank Group has officially completed a massive $41 billion investment in OpenAI, marking one of the largest private funding rounds in global technology history. The deal gives the Japanese conglomerate an estimated 11%...

Elon Musk’s xAI Expands Supercomputer Infrastructure With Third Data Center to Boost AI Training Power

Elon Musk announced on Tuesday that his artificial intelligence startup, xAI, has acquired a third building to further expand its computing infrastructure, signaling a major step in the companys effort to compete with...

ByteDance Plans Massive AI Chip Spending Boost as Nvidia Demand Grows in China

Chinas technology giant ByteDance is preparing to significantly ramp up its artificial intelligence investment, with plans to spend about 100 billion yuan (approximately $14 billion) on AI chips in 2026, according to a...

Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026

Samsung Electronics has obtained an annual licence from the United States government that allows the South Korean technology giant to import critical semiconductor manufacturing equipment into its China-based facilities...

Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch

Applied Digital (NASDAQ: APLD) shares climbed about 1.2% in after-hours trading on Monday after the company announced a proposed business combination designed to spin off its cloud computing operations into a new,...