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

Become a contributor

Bookmark Econotimes

Business

Tue, Feb 24, 2026 07:08 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

BP to suffer value reduction as much as $17.5B

Jun 16, 2020 04:26 am UTC| Business

BP will cut the value of its oil and gas assets by $17.5 billion and review plans for some oil wells due to the reduced demand for oil and gas. The London-based company expects the demand for energy to remain weaker for...

Korean Air, Asiana eye more routes and cargo deliveries

Jun 16, 2020 00:33 am UTC| Business

Korean Air Lines Co. and Asiana Airlines Inc. are eyeing more international routes next month to carry freight. Korean Air may resume the Dallas and Vienna routes in July while increasing the number of flights to some...

Kia Motors to invest 96-B Won in expanding engine production in Slovakia

Jun 15, 2020 20:45 pm UTC| Business

Kia Motors Corp will invest 96 billion won in expanding its engine production facility in Zilina, Slovakia, by August 31. The facility, Kias only plant in Europe, will produce the next-generation 1.6 GDi and T-GDi...

New York Online Investment Firm Gets Aramco Financing for Islamic Products

Jun 14, 2020 23:50 pm UTC| Business

New York-based Wahed Invest has secured financing from oil giant Saudi Aramco to expand into the Middle East and make Riyadh its regional hub. The Saudi Aramco Entrepreneurship Ventures extended the funding to the...

Airlines Sue UK Over 'Flawed' Quarantine Policy

Jun 14, 2020 21:55 pm UTC| Business

British Airways, EasyJet, and Ryanair sued the United Kingdom government for its flawed plan to quarantine most incoming travelers, insisting it is limited to passengers from high risk countries. The airlines said the...

California, Washington Reviewing How Amazon Treats 3rd Party Sellers

Jun 14, 2020 18:16 pm UTC| Business

California and Washington officials are investigating how Amazon is handling third-party sellers to determine whether it violating any law. The inquiries do not appear to be in advanced stages. California had asked...

General Electric's exit from lighting business is a warning to other players in the sector

Jun 14, 2020 12:21 pm UTC| Business

After nearly 130 years in business and a series of breakthrough innovations that shaped the way we light up our homes, General Electric has sold its lighting division to the US-based market leader in smart homes, Savant,...

3171 3172 3173 3174 3175 3176 3177 3178 3179 3180

Economy

Gold Prices Pull Back from Three-Week High as Dollar Strengthens and Trade Tensions Resurface

Gold prices retreated in Asian trading on Tuesday after reaching a three-week high, as investors locked in profits and the U.S. dollar strengthened amid renewed concerns over U.S. trade tariffs. Despite the pullback,...

China Stock Market Rallies After Lunar New Year as Tariff Relief and Holiday Spending Boost Sentiment

Chinas mainland stock markets opened higher on Tuesday following the extended Lunar New Year holiday, supported by easing U.S. trade tariff concerns and strong consumer spending data. The Shanghai Shenzhen CSI 300 Index...

Oil Prices Hover Near Seven-Month High as U.S.-Iran Nuclear Talks and Trade Tensions Stir Market Uncertainty

Oil prices remained just below a nearly seven-month high on Tuesday as investors closely monitored renewed U.S.-Iran nuclear talks and ongoing uncertainty surrounding U.S. trade policy. Heightened Middle East tensions and...

Dollar Stalls as Trump Tariff Turmoil Shakes Global Markets

The U.S. dollar weakened on Tuesday as Asian markets reacted to renewed uncertainty surrounding President Donald Trumps tariff policy and its potential fallout on global trade. Investors reassessed currency positions after...

China Holds Loan Prime Rates Steady as PBOC Maintains Cautious Monetary Policy

Chinas central bank kept its benchmark lending rates unchanged in February, marking the ninth consecutive month of steady policy as officials navigate mixed economic signals and subdued domestic demand. The Peoples Bank of...

Politics

Venezuela Amnesty Law Frees Nearly 2,200 Prisoners, Says Jorge Arreaza

Nearly 2,200 people have been released from Venezuelan prisons following the implementation of a new amnesty law, according to lawmaker Jorge Arreaza. The measure, which officially came into effect on Friday, marks a...

Albanese Backs Move to Remove Prince Andrew from Line of Succession Amid Ongoing Investigation

Australian Prime Minister Anthony Albanese has confirmed he would support legislation to remove Prince Andrew, also known as Andrew Mountbatten-Windsor, from the line of succession to the British throne. In a letter sent...

Australia Launches Royal Commission Into Antisemitism After Bondi Beach Hanukkah Attack

Australia will formally begin a government-backed Royal Commission into antisemitism on Tuesday, following the deadly Bondi Beach Hanukkah attack that left 15 people dead last December. The mass shooting at a Jewish...

Democrats Warn Trump’s China Tech Security Pause Threatens U.S. National Security

Democrats in the U.S. House of Representatives are raising alarms over the Trump administrations decision to pause key technology security measures targeting Beijing, arguing the move could weaken U.S. national security...

Mexico Kills ‘El Mencho’ in Major Military Raid, Escalating War on Cartels

Mexicos military has killed Nemesio Oseguera Cervantes, known as El Mencho, the powerful leader of the Jalisco New Generation Cartel (CJNG), in a dramatic raid that could reshape the countrys fight against organized crime....

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Meta Encryption Plan Sparks Child Safety Concerns Amid New Mexico Lawsuit

Meta executives moved forward with plans to implement end-to-end encryption across Facebook Messenger and Instagram Direct despite internal warnings that the change could significantly reduce the companys ability to detect...

Apple to Begin Mac Mini Production in Texas Amid $600 Billion U.S. Investment Plan

Apple is set to shift part of its Mac Mini production to the United States, marking a significant expansion of its domestic manufacturing footprint. According to a report by The Wall Street Journal, the tech giant will...

Nvidia Earnings Preview: AI Chip Demand, Data Center Growth and Blackwell Shipments in Focus

Nvidia is poised to report another quarter of strong growth, with Wall Street anticipating upbeat guidance driven by accelerating demand for AI infrastructure, rising shipments of next-generation Blackwell chips, and...

DeepSeek AI Model Trained on Nvidia Blackwell Chip Sparks U.S. Export Control Concerns

Chinese AI startup DeepSeek is reportedly preparing to release a new artificial intelligence model trained on Nvidias most advanced AI chip, the Blackwell, raising serious concerns about potential violations of U.S. export...

xAI’s Grok Secures Pentagon Deal for Classified Military AI Systems Amid Anthropic Dispute

Elon Musks artificial intelligence company, xAI, has signed a significant agreement with the Pentagon to deploy its Grok AI model within classified U.S. military systems, according to a report by Axios citing a defense...