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

Become a contributor

Bookmark Econotimes

Economy

Thu, May 02, 2024 02:52 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

What if Biden's $1.9 trillion stimulus plan is too big?

Feb 12, 2021 07:55 am UTC| Politics Economy

Its not often centre-left economists disagree with each other let alone get into a stoush. But its what happened over the last week. On February 5 former US Treasury Secretary and National Economic Council Chair Larry...

Amsterdam surges past London as Europe's top stocks center

Feb 11, 2021 23:59 pm UTC| Economy

Amsterdams stock exchanges traded 9.2 billion euros $11.15 billion a day in January to displace London, which traded 8.6 billion euro, as Europes biggest share trading center after the Brexit. London averaged 17.5...

Uber suffers $6.8 billion loss in 2020

Feb 11, 2021 23:57 pm UTC| Economy Business

Uber lost $6.8 billion in2020, a significant drop from the $8.5 billion it lost in 2019, after it sold off costly ventures, cut staff, and focused on what it called profitable growth. The company suffered $968 million...

PepsiCo's net revenue up 4.8% in 2020

Feb 11, 2021 23:55 pm UTC| Economy Business

PepsiCo posted net revenues of $70.37 billion for 2020, rising 4.8 percent on-year. For the fourth quarter ended Dec. 26, the companys net revenue rose 8.8 percent to $22.46 billion, surpassing a market expectation of...

United Airlines to buy 200 flying electric taxis to bring passengers to airports

Feb 11, 2021 23:51 pm UTC| Economy Business

United Airlines plans to buy 200 flying electric taxis to transport passengers to the airport within the next five years while investing in flying taxi firm Archer in a $1.1 billion deal to develop the...

Egg prices in S. Korea soar 27% due to bird flu

Feb 11, 2021 23:50 pm UTC| Economy

Egg prices in South Korea have increased 27 percent from 5,862 won per 30 pieces to 7,456 won so far this year, due to the bird flu triggered supply shortage. In January, the prices of eggs jumped 25 percent. Prices...

Best Buy to lay off retail workers

Feb 11, 2021 10:45 am UTC| Business Economy

Best Buy is reducing its workforce, so some employees are going to be laid off. It was said that the number of the affected workers was not revealed, but those who will be cut from the jobs are mostly in-store...

1251 1252 1253 1254 1255 1256 1257 1258 1259 1260

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...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI

Australias inflation rate has fallen for the fifth successive quarter, and its now less than half of what it was back in late 2022. The annual rate peaked at 7.8% in the December quarter of 2022 and is now just 3.6%, in...

Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks

The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out...

Politics

US Urges China, Russia to Reject AI Control in Nuclear Arms, Align with Global Norms

Paul Dean, a senior U.S. arms control official, emphasized the critical need for China and Russia to join the U.S. in declaring that humans will always decide on the deployment of nuclear weapons, not artificial...

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,...

Military conscription is returning to Europe, but is it really a more equal way of mobilising? What history tells us

The idea that conscription, defined as the compulsory enlistment of citizens for military service, can increase equality and instil a sense of solidarity that transcends traditional societal divides has echoed throughout...

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

Bitcoin Price May Consolidate for Two Months Post-Halving, Says Bitfinex

As the cryptocurrency market adjusts to the latest Bitcoin halving, analysts from Bitfinex forecast a price consolidation period of up to two months, with significant price fluctuations expected within this...

Former PayPal President Predicts Bitcoin as AI's Future Currency

Amid fluctuating prices, former PayPal President David Marcus champions Bitcoin as the native currency of AI at the Bitcoin for Corporations 2024 event, rekindling interest and optimism in the cryptocurrencys long-term...

Massive Shiba Inu Transfer: 1.75 Trillion SHIB Moves, Sparks Market Excitement

On May 2, Whale Alert tracked two enormous transfers totaling 1.75 trillion Shiba Inu (SHIB) tokens from Robinhood, driving a more than 6% increase in SHIBs price and igniting bullish sentiment among...

Anthropic Launches Claude AI App on iPhone to Rival OpenAI’s ChatGPT

Anthropic PBC, an artificial intelligence startup established in 2021, announced on Wednesday, May 1, that it launched an iOS app for its Claude 3 AI chatbot or language models. The company also unveiled a new subscription...

Shiba Inu Whale Moves 100 Billion SHIB Before FOMC, Signals Market Stir

In a surprising move, a mysterious Shiba Inu whale deposited 100 billion SHIB tokens into Coinbase, coinciding with a significant price drop just before the Federal Reserves crucial rate decision. This action has stirred...