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

Become a contributor

Bookmark Econotimes

Commentary

Wed, Nov 13, 2024 07:09 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

UK gilts plunge as political unrest eases on arrival of new Prime Minister

Jul 12, 2016 10:47 am UTC| Commentary

The UK gilts plunged on Tuesday as the countrys political pressures eased following the election of new Prime Minister Theresa May. However, investors will majorly focus on the upcoming monetary policy meeting scheduled to...

IMF lowers Italy’s economic growth forecast on rising uncertainty post Brexit

Jul 12, 2016 10:26 am UTC| Commentary

The International Monetary Fund has lowered the economic growth forecast of Italian economyciting rising uncertainty over Britains shocking exit from the European Union. This is expected to weigh on the countrys economic...

Australia’s consumer confidence falls for third straight week on uncertain election outcome

Jul 12, 2016 10:21 am UTC| Commentary Economy

Australias consumer confidence declined for third straight week in a row as uncertainty hovers around the Australian Federal elections outcome. Moreover, the ongoing global disturbances coupled with ratings agency SP...

Polish inflation unlikely to rebound in medium-term; NBP seen hiking rates before 2016-end

Jul 12, 2016 09:48 am UTC| Commentary Economy

Polands consumer price index data for June has confirmed that the country continues to see almost 1 percent deflation. Polands consumer price index inflation (CPI) was down 0.8 percent on a year-on-year basis. However, CPI...

Swedish inflation accelerates; but too slow for Riksbank to react

Jul 12, 2016 09:43 am UTC| Commentary Economy

The Swedish consumer price index rose 0.1 percent in June 2016 from May 2016, according to Statistics Sweden. On a year-on-year basis, Swedens CPI rose to 1 percent, atpar with consensus projection. Electricity prices rose...

German bunds slump on higher risk appetite; UK political turmoil eases

Jul 12, 2016 09:40 am UTC| Commentary

The German bunds slumped on Tuesday as investors cooled on safe-haven instruments amid gains in riskier assets including crude oil and equities. The benchmark DAX index ripped over 2 percent for a second consecutive...

German consumer price inflation stays flat, well below the central bank’s target

Jul 12, 2016 09:31 am UTC| Commentary Economy

Germanys consumer price inflation remained steady in June, although well below the European Central Banks targeted rate of inflation of 2 percent. The price growth supports central bank expectations that German and...

3471 3472 3473 3474 3475 3476 3477 3478 3479 3480

Economy

Instacart Lowers Q4 Forecasts as Holiday Spending Softens, Intensifying Online Delivery Competition

Instacart has reduced its fourth-quarter outlook, forecasting lower gross transaction value and core profit amid cooling consumer demand and stiffening competition in the online delivery market. The company now anticipates...

COP29 Summit: Azerbaijan Hosts Critical Talks on Climate Finance and Trade Disputes

Azerbaijan Hosts COP29 Summit Amid Climate Urgency The U.N. climate summit, COP29, opens in Baku, Azerbaijan, with countries aiming to reach a crucial deal for $1 trillion in annual climate finance for developing...

Public-Sector Pay Rises Outpace Private Sector for the First Time Since 2020

Public-Sector Pay Rises Outpace Private Sector In a shift from previous trends, British public-sector employers are now planning to increase pay faster than private-sector employers. According to the Chartered Institute...

China's CPI and PPI Fall in October Despite Major Stimulus Efforts

Chinas Inflation Remains Weak in October Amidst New Stimulus Measures October CPI and PPI Overview In October, Chinas Consumer Price Index (CPI) inflation rose 0.3% year-on-year, marking a slowdown from Septembers 0.4%...

China’s Sluggish Inflation and Deepening Deflation Spur New Stimulus Measures

Chinas October Inflation Slowdown and New Stimulus: What to Expect Overview In October, Chinas consumer prices rose at the slowest pace in four months, while producer price deflation worsened, underscoring ongoing...

Politics

Donald Trump Appoints Elon Musk to Lead D.O.G.E—Is Dogecoin Price Headed to $2.40?

President Donald Trump has appointed Elon Musk and Ramaswamy to spearhead the new Department of Government Efficiency (D.O.G.E), aiming to streamline federal agencies by 2026. Following the announcement, Dogecoin rallied...

Anthony Pompliano Claims Donald Trump Owns Bitcoin, Hinting at BTC's Future as a US Reserve

Anthony Pompliano, a prominent Bitcoin advocate, has revealed Donald Trumps Bitcoin ownership, suggesting it could shape U.S. economic policies. Trumps pro-Bitcoin stance may propel BTC to a strategic position within the...

Italy’s Crypto Tax Cut to 28% Gains Momentum as Detroit Embraces Digital Tax Payments

With Italy moving toward a 28% crypto tax cap, the government seeks to maintain competitiveness while balancing revenue. Meanwhile, Detroit announced plans to accept cryptocurrency for tax payments by 2025, marking a step...

El Salvador’s $100 Million Bitcoin Surge Ignites National Reserves Amid Soaring Market Rally

El Salvadors Bitcoin holdings saw a stunning $100 million boost in one week as the cryptocurrencys price climbed to $89,700. The soaring market cap, approaching $2 trillion, underscores Bitcoins growing influence on...

Trump’s Border Czar Declares: ‘If You’re Here Illegally, Don’t Get Comfortable!’—Homan’s Bold Warning Ignites Controversy

Tom Homan, recently appointed by President-elect Donald Trump as the nations Border Czar, has made headlines with his blunt and uncompromising stance on immigration. In a statement that underscores the incoming...

Science

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Scabies Surge Sparks Alarm: Doctors Warn Brits, 'Don't Ignore That Rash!'

Doctors in the United Kingdom are sounding the alarm over a dramatic rise in scabies cases, urging residents not to dismiss any signs of the itchy skin condition. Recent data shows that hospitals detected approximately...

Technology

Shiba Inu Jumps 81% to Break Into Top 10 Cryptos, But Market Pullback Hits Fast

After a remarkable 81% climb in under two weeks, Shiba Inu (SHIB) broke into the top 10 cryptocurrencies by market cap, reaching a peak valuation of $17.4 billion. However, a quick market pullback caused SHIB to lose...

XRP Price Goes 'Nutty': Top Trader Highlights 17% Surge Amid Market Rally

XRP has skyrocketed more than 17% to reach $0.70, stealing the spotlight in the crypto market. A prominent trader highlighted the nutty price movement as XRP outpaces major cryptocurrencies amid growing optimism around ETF...

Shiba Inu's Shibarium Skyrockets to 500M Transactions—Is a SHIB Price Surge Next?

The Shibarium layer-2 solution, powered by Shiba Inu, crossed an incredible 500 million transactions, signaling robust network adoption. This milestone, however, has yet to impact SHIBs price significantly, with hopes...

Tesla Tests Cybercab Robotaxi at Gigafactory Texas Amid Push for Unsupervised Self-Driving

Teslas Cybercab robotaxi has been spotted on private roads at Gigafactory Texas, marking a significant step in the companys autonomous vehicle testing. This test comes as Tesla pushes toward its goal of launching an...

BofA: AMD Continues to Outpace Intel with Market Share Gains in 2024

Bank of Americas latest analysis reveals AMD has significantly outpaced Intel, gaining 15% in market share in Q3 2024. While Intel struggles with declining PC shipments, AMD thrives with a stronger presence in the Western...