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

Become a contributor

Bookmark Econotimes

Technology

Thu, Jul 16, 2026 04:51 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Stellantis Invests Additional $400 Million in Archer to Boost eVTOL Aircraft Production

Aug 13, 2024 15:38 pm UTC| Business Technology

Stellantis is deepening its partnership with Archer Aviation by investing an additional $400 million to scale the production of Archers Midnight eVTOL aircraft. This funding will support Archers goal of producing 650...

Crowdstrike Wins ‘Most Epic Fail’ Award for Global IT Outage, Owning Its Mistake

Aug 13, 2024 15:35 pm UTC| Technology Business

Crowdstrike received the Most Epic Fail award at the Def Con conference for its global IT outage, acknowledging the error and committing to improvements. President Michael Sentonas emphasized the importance of owning...

Tesla China Delivery Centers Packed as Customers Rush for Holiday Incentives and Deals

Aug 12, 2024 14:25 pm UTC| Business Technology

Teslas delivery centers in China were bustling with activity over the holiday weekend as new incentives and zero-interest loan offers drew large crowds. The Beijing Crab Island Delivery Center, among others, saw a customer...

SpaceX’s Starship Flight 5 Targeted for September, Awaiting FAA Green Light

Aug 12, 2024 14:20 pm UTC| Science Technology

SpaceXs fifth Starship test flight is expected to take place in September, according to CEO Elon Musk. The launch, pending FAA approval, will feature significant advancements, including a potential in-space engine...

Women are less interested in AI than men, but using it would help them advance at work

Aug 12, 2024 10:53 am UTC| Insights & Views Technology

Women use generative artificial intelligence tools less than men do. The World Economic Forum recently published an article on the subject. It reported that 59 per cent of male workers aged between 18 and 65 use...

AI could be the breakthrough that allows humanoid robots to jump from science fiction to reality

Aug 12, 2024 09:18 am UTC| Technology

Humanoid robots have long been a staple of science fiction, but there is now real progress being made. A range of new models made by or backed by the likes of Boston Dynamics, Tesla and OpenAI are able to walk and move...

Digital Currency Revolution

Ethereum's Gas Fees Hit 5-Year Low as Layer-2 Networks Surge

Aug 12, 2024 08:23 am UTC| Digital Currency Technology

Ethereums gas prices have fallen to a 5-year low, with median fees dropping to 1.9 gwei, highlighting the growing influence of layer-2 solutions. Ethereum Median Gas Fees Hit 5-Year Low As interest in layer-2...

501 502 503 504 505 506 507 508 509 510

Economy

Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar

Asian currencies traded in tight ranges on Thursday as a weaker U.S. dollar was balanced by growing investor caution over the escalating Middle East conflict, limiting demand for risk-sensitive regional assets. Market...

South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening

South Koreas central bank raised its benchmark interest rate by 25 basis points to 2.75% on Thursday, marking its first rate hike in three and a half years as policymakers moved to curb persistent inflation and support the...

US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears

U.S. stock index futures traded slightly higher late Wednesday after softer-than-expected June inflation data eased concerns that the Federal Reserve could resume raising interest rates in the near term. However, ongoing...

UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List

UBS has strengthened its bullish stance on Chinese equities by adding Kuaishou Technology (HK:1024) and Meituan (HK:3690) to its China Global Equity Focus List while increasing allocations to Alibaba Group, Ping An...

Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears

Global oil prices extended their rally for a fourth consecutive session on Thursday as renewed U.S. military strikes on Iranian targets heightened concerns over escalating conflict in the Middle East and potential...

Politics

DOJ Refuses to Release Unredacted Jeffrey Epstein Files to New Mexico Investigation

The U.S. Department of Justice (DOJ) said Wednesday it cannot legally release unredacted Jeffrey Epstein files requested by New Mexico officials, deepening a dispute over the states renewed investigation into the late...

US Restricts Commercial Flights From Congo Amid Ebola Outbreak

The United States has introduced new travel restrictions tied to the ongoing Ebola outbreak in the Democratic Republic of Congo (DRC), preventing U.S. citizens and nationals who have been in the country within the previous...

NY Times Challenges Trump Administration Subpoenas Over Air Force One Report

The New York Times has asked a federal court to block grand jury subpoenas issued to three of its journalists following their reporting on President Donald Trumps new Qatari-donated Air Force One, escalating a legal battle...

Trump Orders ICE to Resume Traffic Stops After Deadly Immigration Enforcement Incidents

U.S. President Donald Trump has ordered Immigration and Customs Enforcement (ICE) agents to resume using traffic stops during immigration enforcement operations, reversing a temporary suspension announced just a day...

Russian Missile Strike Sparks Fires in Kyiv After Early Morning Air Alert

Russian missiles struck at least two districts in Ukraines capital, Kyiv, early Thursday, igniting fires and prompting authorities to issue an air raid alert before declaring the immediate danger over. Kyiv Mayor Vitali...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Hyundai Takes Full Control of Boston Dynamics to Accelerate Humanoid Robot and AI Strategy

Hyundai Motor has announced plans to acquire SoftBank Groups remaining stake in Boston Dynamics, giving the South Korean automaker full ownership of the robotics company as it expands its artificial intelligence and...

Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks

JPMorgan Chase CEO Jamie Dimon has warned that Anthropics advanced Mythos artificial intelligence model presents significant national security risks, highlighting growing concerns over the potential misuse of powerful AI...

SpaceX Stock Falls Below IPO Price as Investors Weigh Losses and Lockup Expiry

SpaceX shares fell below their initial public offering (IPO) price for the first time on Wednesday, highlighting growing investor caution as the companys early post-listing momentum continues to fade. The stock dropped...

xAI Sues Man for Allegedly Using Grok to Generate AI Child Abuse Deepfakes

Elon Musks artificial intelligence company xAI has filed a federal lawsuit against a South Carolina man accused of using its Grok chatbot to generate child sexual abuse material (CSAM) and non-consensual explicit...

Trump Slams New York Data Center Ban, Warns AI Investment Could Shift to Other States

U.S. President Donald Trump sharply criticized New Yorks new one-year moratorium on large-scale data center construction, arguing that the move will discourage investment, eliminate jobs, and weaken the states position in...