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

Become a contributor

Bookmark Econotimes

Business

Mon, Apr 13, 2026 05:07 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

SK Telecom, LG Uplus, KT Fined for Alleged Rent Price Fixing Collusion

Jan 25, 2024 07:15 am UTC| Business

South Koreas Fair Trade Commission (FTC) fined SK Telecom, KT Corporation, and LG Uplus on Thursday, Jan. 25. The commission said the local telecom firms were penalized for unfair business practices centered on rental...

Apple Dominated the Chinese Smartphone Market in 2023

Jan 25, 2024 06:19 am UTC| Business Technology

A shift of power on the global stage has also impacted China, the largest smartphone market worldwide. For the first time, Apple has emerged as the leading smartphone company in China, securing an impressive market share...

Lotte Secures Exclusive Franchise and Distribution Rights for Bacha Coffee in South Korea

Jan 25, 2024 05:53 am UTC| Business

Lotte Department Store is set to open Bacha Coffees first brick-and-mortar store in South Korea this year. This comes after the company secured a local franchise and exclusive distribution rights for the luxury coffee...

Skydance Media Places Bid to Buy Paramount Global

Jan 25, 2024 05:47 am UTC| Business

Skydance Media LLC is exploring the acquisition of Paramount Global and has now placed its bid for the takeover. The company founded by David Ellison and its financial supporters have submitted an offer, and people...

Kia Corp. Reports 21% Decline in Q4 Net Profit on Rising Costs and Stronger Won

Jan 25, 2024 03:57 am UTC| Business

Kia Corp., South Koreas second-largest carmaker by sales, announced a 21% drop in net profit for the fourth quarter compared to the previous year. The decline was attributed to higher costs and the strengthening...

Australia's Domino's Pizza Enterprises Faces Record Drop in Shares, Withdraws Outlook

Jan 25, 2024 03:50 am UTC| Business

Shares in Australias Dominos Pizza Enterprises experienced a significant decline on Thursday, following the companys decision to withdraw its fiscal 2024 outlook. The retail food outlet operator also fell short of...

Boeing 737 Max 9 Can Resume Flights But FAA Blocks Production Expansion

Jan 25, 2024 02:56 am UTC| Business

Boeing 737 Max 9 planes may return to service as the Federal Aviation Administration (FAA) cleared the planes after inspections. However, before the grounded aircraft can fully resume flights, airlines must adhere to the...

1181 1182 1183 1184 1185 1186 1187 1188 1189 1190

Economy

Oil Prices Surge as U.S. Imposes Blockade on Iranian Shipping Amid Ongoing Middle East Tensions

Global financial markets were rattled Monday after the United States announced a blockade on Iranian shipping following the breakdown of weekend peace negotiations. The decision has renewed fears over Middle East energy...

Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further

South Koreas Bank of Korea governor nominee, Shin Hyun-song, signaled on Monday that policymakers stand ready to intervene should the Korean won experience excessive depreciation. In written statements submitted to...

U.S. Blockades Strait of Hormuz as Oil Prices Surge Past $100

Oil prices climbed sharply in early Asian trading on Monday, with Brent crude jumping 8% to $102.93 per barrel after President Donald Trump announced that the U.S. Navy would begin blockading the Strait of Hormuz. The move...

U.S. Futures Plunge as Iran Ceasefire Talks Collapse and Hormuz Blockade Looms

U.S. stock index futures dropped sharply Sunday evening after ceasefire negotiations between Washington and Tehran broke down, raising fears of prolonged conflict and further disruptions to global energy markets. The...

Spain's Sanchez Visits China to Deepen Trade Ties Amid U.S. Tensions

Spanish Prime Minister Pedro Sanchez arrived in China on Monday for his fourth visit in four years, reinforcing Spains commitment to an independent foreign policy that has increasingly put him at odds with U.S. President...

Politics

Taiwan Insists Government Must Lead Cross-Strait Engagement Amid China's New Incentives

Taiwans top security official has made clear that any response to Chinas latest proposed trade and tourism measures must be government-led, not driven by opposition party diplomacy. National Security Bureau chief Tsai...

Spain's Sanchez Urges China to Take Greater Global Leadership Role During Beijing Visit

Spanish Prime Minister Pedro Sanchez called on China to assume a more meaningful role in addressing pressing global challenges, including climate change, international security, defense, and the fight against inequality....

Hungary's Orban Loses Power as Magyar Wins in Landslide; U.S. Reactions Divided

Hungarian Prime Minister Viktor Orban, a close ally of U.S. President Donald Trump, was voted out of power after 16 years in office as Hungarians turned out in record numbers to elect center-right challenger Peter Magyar....

Peru Presidential Election 2025: Lopez Aliaga Leads Early Results

Early official vote counts from Perus presidential election reveal that right-leaning candidate Rafael Lopez Aliaga is currently ahead of the competition, securing 23.4% of the vote. With only 5% of ballots tallied so far,...

Trump Dismisses Iran Talks, Orders Strait of Hormuz Blockade

President Donald Trump signaled indifference toward renewed diplomacy with Iran on Sunday, telling reporters at Joint Base Andrews, I dont care if they come back or not, if they dont come back, were fine. His remarks...

Science

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...

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...

Technology

TSMC Posts Record Q1 2026 Profits Driven by Surging AI Chip Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) is on track to deliver its fourth straight quarter of record-breaking earnings, with analysts forecasting a 50% jump in net profit for the first quarter of 2026. The surge is...

OpenAI Addresses Security Vulnerability in macOS App Certification Process

OpenAI disclosed a security concern on Friday involving a third-party developer tool known as Axios, which is connected to the process used to verify the authenticity of its macOS applications. The company confirmed it has...

San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home

San Francisco police arrested a 20-year-old suspect Friday following a pre-dawn attack on OpenAI CEO Sam Altmans residence in the citys North Beach neighborhood. According to the San Francisco Police Department, an...

SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20

Nasdaq Inc. confirmed late Friday that SanDisk Corporation will enter the Nasdaq-100 Index, taking the spot previously held by Atlassian Corp Plc when markets open on Monday, April 20, 2026. The change signals a broader...

TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has reported first-quarter revenue of T$1.134 trillion (approximately $35.71 billion USD), surpassing analyst expectations and...