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

Become a contributor

Bookmark Econotimes

Economy

Sun, Apr 05, 2026 06:02 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Nordstrom’s Appointed New CFO is a Former Target Executive

May 11, 2023 08:49 am UTC| Business Economy

Nordstrom, an American luxury department store chain headquartered in Seattle, Washington, announced it appointed its new chief financial officer. It has named Cathy Smith, a former executive at Target Corp., as the new...

MTV News Taken Off the Air After 36 Years of Broadcast Amid Mass Layoffs

May 11, 2023 08:01 am UTC| Business Economy

MTV News has been on air for more than three decades, and now it is being forced to shut down. Paramount Media Networks shut down the news production division of MTV amid the ongoing job cuts at its parent company,...

Coca-Cola To Build $650 Million Production Facility for Fairlife Milk

May 11, 2023 02:49 am UTC| Economy Business Life

Coca-Cola Co. is planning to put up the largest dairy processing plant in the northeast in the town of Webster, New York, which is expected to create up to 250 jobs. The plant will manufacture products for Fairlife,...

Samsung, LG Focusing on S. Korean PC Market Amid Global Market Slump

May 11, 2023 01:34 am UTC| Technology Economy Business

Samsung Electronics Co. and LG Electronics Inc., are seeking bigger roles in the South Korean market as the global personal computer (PC) market is in a slump. Samsung and LG are not performing well overseas in the...

Modelo Oro Hopes To Be Gold Standard in Light Beer

May 10, 2023 23:43 pm UTC| Life Economy Business

Modelo has nationally launched Modelo Oro, a time-crafted cerveza that fills a void in the high-end light beer category, The No. 2 top-selling beer brand in the U.S. describes the new product as an exceptionally smooth,...

ABB Collaborates With Lhyfe, Skyborn in 600-MW Swedish Green Hydrogen Project

May 10, 2023 23:38 pm UTC| Nature Economy Business

Swiss technology group ABB Ltd joined Frances Lhyfe SA and Germany-based Skyborn Renewables GmbH in developing the 600-MW SoutH2Port green hydrogen project in Sweden. The MoU between the partners outlines ABBs role in...

Actis Launches Japanese Renewables Platform Targeting 1.1 GW of Wind, Solar Energy

May 10, 2023 23:25 pm UTC| Nature Economy Business

Actis has launched its Japan-focused renewables platform Nozomi Energy, which will create 1.1 GW of onshore wind and solar generation by 2027. The $500 million investment is part of the London-based sustainable...

1021 1022 1023 1024 1025 1026 1027 1028 1029 1030

Economy

Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation

Morgan Stanley believes the Federal Reserve will push forward with interest rate cuts in 2026, even as rising oil prices temporarily inflate headline inflation figures. According to the banks analysts, the current...

China's Energy Resilience Shields Economy From Global Oil Shock, Goldman Sachs Says

Goldman Sachs analysts believe China is among the best-positioned major economies to weather the current oil price shock stemming from escalating Middle East tensions, citing the countrys diversified energy strategy,...

UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire

Abu Dhabi authorities have temporarily halted operations at Habshan, the United Arab Emirates largest natural gas processing facility, following a devastating attack that triggered a major fire at the site. The incident...

Trump's FY2027 Budget: Major Defense Boost and Domestic Spending Cuts

President Donald Trump has unveiled a bold federal budget proposal for fiscal year 2027, signaling a dramatic realignment of national spending priorities. The plan centers on a significant expansion of military funding...

U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict

A U.S. military aircraft was shot down by Iranian forces on Friday, marking a significant escalation in the ongoing five-week conflict between the United States, Israel, and Iran. Both nations confirmed the incident, with...

Politics

Trump Eyes Cabinet Shake-Up Amid Iran War Political Fallout

President Donald Trump is weighing a significant cabinet reshuffle as political pressure mounts over the ongoing U.S.-Iran conflict, according to Reuters, citing sources close to internal White House deliberations. The...

Iran Tightens Grip on Strait of Hormuz as Israel Prepares Strikes and Oil Markets Spiral

Tensions between Israel and Iran have reached a critical flashpoint, with Israeli defense officials confirming preparations for potential strikes on Iranian energy infrastructure, pending U.S. authorization. The...

U.S. and Israel Escalate Pressure on Iran Over Strait of Hormuz as War Enters Sixth Week

Six weeks into the U.S.-Israeli military conflict with Iran, tensions are reaching a critical point as President Donald Trump issued a 48-hour ultimatum demanding that Tehran open the Strait of Hormuz or face devastating...

Israel Poised to Strike Iranian Energy Sites, Awaiting U.S. Approval

Israel is reportedly preparing to launch military strikes against Iranian energy infrastructure, but is holding off pending authorization from the United States, according to a senior Israeli defense official who spoke out...

U.S. Envoys Witkoff and Kushner Expected to Visit Kyiv in April Amid Stalled Peace Talks

Senior Ukrainian presidential aide Kyrylo Budanov confirmed on Saturday that U.S. special envoys Steve Witkoff and Jared Kushner are expected to travel to Kyiv in April, marking what would be their first official visit to...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Digital Currency