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

Become a contributor

Bookmark Econotimes

Politics

Sat, Apr 27, 2024 11:42 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

US to appoint Arctic ambassador amidst Russia, China ambitions in region

Aug 29, 2022 10:10 am UTC| Politics

The United States is set to appoint an ambassador for the Arctic region. The move to appoint an envoy comes amidst Russia and Chinas ambitions in the area. The US State Department said Washington intends to appoint an...

Russia-Ukraine war: Unclear how Russia will increase troops, says UK

Aug 29, 2022 09:40 am UTC| Politics

The ongoing war in Ukraine is moving towards its seventh month, with both sides seeing decreased numbers in their armed forces. Following a recent decree to increase troops, the British defense ministry said it remains to...

UK: Liz Truss considering cutting VAT by 5 percent, report says

Aug 29, 2022 09:09 am UTC| Politics

British foreign secretary Liz Truss is reportedly considering cutting down the countrys rate of value-added tax if she is elected prime minister. The plan to reduce the value-added tax was aimed to help tackle the high...

EU foreign policy chief says Serbia, Kosovo reach agreement over movement of citizens on border

Aug 29, 2022 08:25 am UTC| Politics

Over the weekend, the European Union announced that Kosovo and Serbia had settled an ethnic dispute over the movement of citizens across the border between the two countries. This comes as both Balkan countries have been...

Iran reviewing the US response to EU-proposal to revive 2015 nuclear deal

Aug 29, 2022 08:04 am UTC| Politics

The 2015 nuclear deal appears to be on its way to being restored following developments from both Iran and the United States over the proposal presented by the European Union. As Qatar continues to mediate the indirect...

Afghanistan: Taliban says Pakistan allowed US drones into its airspace

Aug 29, 2022 07:48 am UTC| Politics

The Taliban recently accused Pakistan of allowing the United States to use its airspace to access Afghanistan. The accusation follows the US drone strike that killed al Qaeda leader Ayman al-Zawahiri back in...

Japan pledges $30 billion aid for Africa

Aug 29, 2022 07:40 am UTC| Politics

Japan is seeking to further engage with Africa as Tokyo pledged $30 billion in aid for the continents development. The aid would be dispersed over three years in coordination with the African Development Bank. During...

261 262 263 264 265 266 267 268 269 270

Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

What if the Reserve Bank itself has been feeding inflation? An economist explains

Heres something for the board of the Reserve Bank of Australia to ponder as it meets next month to set interest rates. It has pushed up rates on 13 occasions since it began its attempt to restrain inflation in May...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Tesla Sets Late 2025 Launch for Semi, Expands Megapack Production

Tesla Inc. has confirmed the launch of its Semi truck for late 2025, with broader customer deliveries expected in 2026. This announcement coincides with the expansion of Teslas Megapack production at its Lathrop...

SHIB Price Climbs as Shibarium Upgrade Sparks Optimism Among Investors

The Shiba Inu cryptocurrency surged over 4% on April 26, buoyed by executive enthusiasm for the forthcoming Shibarium upgrade to enhance the platforms functionality and security. Shibarium Upgrade Fuels Market Optimism,...

China Investigates Digital Yuan Architect Yao Qian Amid CBDC Concerns

Yao Qian, a pivotal figure behind Chinas digital yuan, is under investigation for alleged misconduct, casting uncertainty on the future of Chinas CBDC initiatives. Probe into Yao Qian Shakes Foundations of Chinas...

Shein Joins Facebook, Amazon in EU Digital Regulations Compliance

Under the EU Digital Regulations, Shein has joined tech giants like Facebook, Amazon, and Google in meeting the strict compliance standards set by the EUs Digital Services Act due to its user base surpassing 45 million in...

Metaplanet Inc. Buys $6.25M in Bitcoin, Pivots to Digital Assets

In a strategic financial maneuver, Metaplanet Inc., a prominent Japanese public company, has invested $6.25 million in Bitcoin, marking its entry into the burgeoning cryptocurrency market. Metaplanet Dives into Crypto,...