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

Become a contributor

Bookmark Econotimes

Thu, Mar 27, 2025 03:23 AM All times are UTC

Follow Series

©Econometrics LLC 2025. All Rights Reserved.

Michael Kitson

University Senior Lecturer in International Macroeconomics, Cambridge Judge Business School
Michael Kitson is an Assistant Director of the Centre for Business Research (CBR), Cambridge, and is Hub Director of the UK-Innovation Research Centre. He has undertaken research for: the Arts and Humanities Research Council (AHRC); the Department of Business Innovation and Skills (BIS); the Economic and Social Research Council (ESRC); the Engineering and Physical Sciences Research Council (EPSRC); and the National Endowment for Science, Technology and the Arts (NESTA).

Michael Kitson was Assistant Director of the National Competitiveness Network (NCN) of the Cambridge-MIT Institute (CMI) between 2000 and 2003, and Director of NCN between 2003 and 2007. CMI was a joint venture between Cambridge University and the Massachusetts Institute of Technology to improve competitiveness, innovation and entrepreneurship in the UK. He has provided evidence and advice to: the EU; the House of Lords enquiry into globalisation; and various regional and local governments. He is currently advising the Northern Ireland Government about its innovation policy.

UK to perform worse of major economies in 2023, says IMF – here’s how to achieve long-term growth

Feb 05, 2023 04:22 am UTC| Economy

The International Monetary Fund (IMF) has produced another dismal forecast for the UK economy. The IMF expects it to contract by 0.6% in 2023, whereas all other major economies are expected to grow including sanctions-hit...

Economy

Singapore Manufacturing Output Falls Sharply in February Amid Weak Biomedical Demand

Singapores manufacturing sector unexpectedly contracted in February, with output falling 1.3% year-on-year, defying forecasts of a 7% increase, according to data from the Singapore Economic Development Board (EDB). The...

Dollar Retreats as U.S. Confidence Wanes and Tariff Fears Loom

The U.S. dollar pulled back on Wednesday amid weak consumer confidence data and growing concerns that sweeping tariffs could hinder U.S. economic growth. The greenback dipped about 0.5% against the yen overnight, falling...

BOJ Signals More Rate Hikes as Inflation Nears Target

Bank of Japan (BOJ) Governor Kazuo Ueda stated on Wednesday that the central bank may continue raising interest rates if Japans economy and inflation follow current projections. The BOJ recently raised its short-term...

Oil Prices Rise on Venezuela Tariff Threats and U.S. Inventory Drop

Oil prices edged higher in early Asian trading on Wednesday amid concerns over tighter global supply. The move came after U.S. President Donald Trump threatened tariffs on countries importing oil and gas from Venezuela, a...

Wall Street Steady as Trump Tariff Deadline Looms, Economic Data in Focus

U.S. stock index futures held steady Tuesday evening as investor caution persisted ahead of President Donald Trumps upcoming tariff decisions and key economic data releases. SP 500 Futures edged up 0.1% to 5,831.25, Nasdaq...

Politics

Trump Signs Order Requiring Voter Citizenship Proof, Sparks Controversy

U.S. President Donald Trump signed an executive order on Tuesday mandating proof of citizenship for voters and rejecting mail-in ballots received after Election Day. The move aims to tighten election security but is...

Trump Suggests Insider Linked Journalist to Secret Military Chat

U.S. President Donald Trump has claimed that a staffer connected to national security adviser Mike Waltz may have added journalist Jeffrey Goldberg to a classified chat among U.S. officials discussing sensitive military...

Thai PM Paetongtarn Survives No-Confidence Vote, Reinforces Coalition Strength

Thailands Prime Minister Paetongtarn Shinawatra easily survived her first no-confidence vote in parliament, securing 319 out of 488 votes. The vote followed a two-day censure debate led by the opposition, targeting her...

Anduril Eyes Global Expansion Amid Trump-Era Defense Shift and AI Partnership

Anduril Industries, the AI-powered defense tech startup founded by Palmer Luckeywho left Facebook following his support for Donald Trumpis optimistic about renewed momentum under a potential second Trump administration....

U.S. Intel Warns of China’s Rising Military, Cyber and AI Threat Amid Taiwan Tensions

China poses the top military and cyber threat to the U.S., according to the latest Annual Threat Assessment by American intelligence agencies. The report highlights Beijings growing capabilities to potentially seize Taiwan...

Science

What are the chances an asteroid will impact Earth in 2032?

For a few days in mid-February, headlines around the world buzzed about the potential for an asteroid to hit the Earth in 2032 specifically, asteroid 2024 YR4. The chance of this impact rose to a high of 3.1 per cent on...

A new study reveals the structure of violent winds 1,300 light years away

The planet WASP-121b is extreme. Its a gas giant almost twice as big as Jupiter orbiting extremely close to its star50 times closer than the Earth does around the Sun. WASP-121b is so close to its star that tidal forces...

What’s the shape of the universe? Mathematicians use topology to study the shape of the world and everything in it

When you look at your surrounding environment, it might seem like youre living on a flat plane. After all, this is why you can navigate a new city using a map: a flat piece of paper that represents all the places around...

Asteroid has a very small chance of hitting Earth in 2032, but a collision could devastate a city

In December 2024, astronomers in Chile spotted a new asteroid streaking through the sky, which they named 2024 YR4. Whats significant about this 100m-wide space rock is that it has a small chance of hitting Earth in 2023....

Leonardo da Vinci’s incredible studies of human anatomy still don’t get the recognition they deserve

Wikimedia, CC BY-SA The mere mention of Leonardo da Vinci evokes genius. We know him as a polymath whose interests spanned astronomy, geology, hydrology, engineering and physics. As a painter, his Mona Lisa and Last Supper...

Technology

BYD to Launch 500 Ultra-Fast EV Charging Stations in April, Doubling Tesla’s Speed

Chinese EV giant BYD (HK:1211) is set to roll out its groundbreaking megawatt fast charging technology by early April, aiming to outpace rivals like Tesla (NASDAQ:TSLA) in the competitive Chinese electric vehicle market....

Nvidia Faces New Hurdles in China as Energy Rules Threaten AI Chip Sales

Nvidia (NASDAQ: NVDA) is under fresh pressure in China as new energy efficiency regulations threaten to limit the sale of its artificial intelligence chips, according to the Financial Times. The National Development and...

DeepSeek Launches V3 AI Model With Major Performance Boost and MIT License

DeepSeek has rolled out an upgraded version of its artificial intelligence model, V3-0324, boasting significant improvements in reasoning and programming capabilities. The update, quietly released on GitHub, also marks a...

AI Datacenter Bubble? Alibaba's Tsai Raises Red Flags Amid Soaring Investments

Alibaba (NYSE:BABA) Chairman Joseph Tsai has issued a warning about a potential bubble forming in AI datacenter construction, citing the growing disconnect between infrastructure development and actual demand. Speaking at...

PsiQuantum Eyes $750M Funding to Scale Quantum Chip Production with BlackRock's Backing

Quantum computing startup PsiQuantum is raising at least $750 million at a $6 billion pre-money valuation, with BlackRock reportedly leading the round, according to sources familiar with the matter. The funding aims to...