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

Become a contributor

Bookmark Econotimes

Economy

Fri, May 03, 2024 03:34 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Sales by S. Korean carmakers rise 4.8% in Jan on SUVs

Feb 01, 2021 23:28 pm UTC| Economy Business

South Koreas five carmakers sold 597,213 vehicles in January, up 4.8 percent from 569,929 units a year earlier due to strong demand for sport utility vehicles (SUVs). Domestic sales by Hyundai Motor Co., Kia Corp., GM...

S. Korea's exports soar 11.4% in Jan. on strong demand for chips, auto

Feb 01, 2021 20:04 pm UTC| Economy

South Koreas exports in January rose 11.4 percent to US$48 billion from $43 billion a year earlier due to brisk demand for chips and cars, based on data from the Ministry of Trade, Industry, and Energy, The increase was...

Strong export demand push Canada's canola prices to 13-year high $718 per ton

Feb 01, 2021 16:03 pm UTC| Economy Business

Canada is running short of canola oilseed six months before the next harvest due to strong export demand that drove prices to a nearly 13-year high of $718 per ton last week. China, the top buyer, more than doubled...

Chevron and Exxon attempt to merge as executives reportedly met up amid the pandemic and devastating oil prices

Feb 01, 2021 09:48 am UTC| Business Economy

Chevron Corp and Exxon Mobil Corp chief executives reportedly discussed a possible merger last year. They are considering putting together their oil companies and work to get back what they have lost due to the COVID-19...

S. Korean shipbuilders to resist price hike demands by local steelmakers

Jan 30, 2021 10:42 am UTC| Economy Business

South Korean shipbuilders have reached a consensus not to agree to local steelmakers demands to increase prices of thick steel plates, which account for about one-fifth of shipbuilding costs. POSCO, the countrys largest...

Hyundai Heavy postpones the acquisition of Doosan Infracore to early Feb.

Jan 30, 2021 00:00 am UTC| Economy

Hyundai Heavy Industries Holdings Co. postponed finalizing a deal to acquire a 35.4 percent stake held by South Korean power plant builder Doosan Heavy in Doosan Infracore on February 5. The deals completion was set for...

Israel lifts restrictions on imported Japanese food products

Jan 29, 2021 23:59 pm UTC| Economy

Israel has removed import restrictions on food items from Japan imposed due to the 2011 Fukushima nuclear disaster, reducing the number of countries and regions with such trade policies to 15. All Fukushima food...

1261 1262 1263 1264 1265 1266 1267 1268 1269 1270

Economy

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

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...

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...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

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...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

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...

Technology

Tesla Granted South Korean Emission Credit Trading Rights by Environmental Ministry

Ministry of Environments green light for Tesla to trade emission credits in South Korea marks a significant milestone, enabling the electric car giant to tap into a potentially lucrative market. With estimated credits...

US Lawmakers Push SEC for Bitcoin Options Trading Approval

In a bipartisan effort, US Representatives Mike Flood and Wiley Nickel have penned a letter to SEC Chair Gary Gensler, urging swift action in approving options trading for Bitcoin exchange-traded products (ETPs). Amid...

Solana's Future Anchored in Four Key Pillars, Developer Outlines Strategy

Vibhu Norby, CEO of Drip Haus, has outlined four essential pillars to define Solanas path forward amid a dynamic period of growth and challenges in the blockchain space. Key Strategies for Solanas Scaling and User...

Shiba Inu Magazine Details Upcoming Shibarium Hard Fork Enhancements

Shiba Inu (SHIB) lovers will get a full description of the highly anticipated Shibarium hard fork in the most recent issue of The Shib magazine. On International Workers Day, the magazine begins with a rallying cry for the...

2025 Sees SK hynix's HBM Chips Fully Booked Amidst AI Surge

SK hynix, a key player in the artificial intelligence (AI) services sector, made a significant announcement on Thursday. HBM Sales Reflect SK hynixs Market Leadership Its high-bandwidth memory (HBM) processors,...