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

Become a contributor

Bookmark Econotimes

Business

Sun, Jun 28, 2026 03:19 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Intel Scraps $5.4 Billion Tower Semiconductor Acquisition Over Regulatory Hurdles

Aug 17, 2023 10:00 am UTC| Business Economy

Intel Corporation has called off its planned $5.4 billion acquisition of Israeli chipmaker Tower Semiconductor after failing to secure pivotal regulatory approval from China. This setback forces Intel to pay a $353 million...

H&M Marks Expansion in Eastern India with Grand Debut in Ranchi's Mall

Aug 17, 2023 09:39 am UTC| Economy Life Business

Hennes Mauritz (HM) inaugurates its debut store in Ranchis Mall, marking its 53rd Indian location. The two-story outlet at the Mall of Ranchi underscores the brands commitment to reaching fashion enthusiasts in eastern...

General Motors to Invest $60M in Mitra Chem Battery Maker Startup

Aug 17, 2023 09:38 am UTC| Business Economy

General Motors made the decision to invest in a California-based startup called Mitra Chem. The automaker will spend about $60 million in financing for the said firm that develops cheaper batteries for electric...

Hyundai Motor Signs Deal for Take Over of General Motors Plant in India

Aug 17, 2023 08:53 am UTC| Business Economy

Hyundai Motor has acquired the production plant of General Motors in India. The automakers recently signed a deal for the purchase, and the Korean firm expects to start production in the facility by 2025. With the...

SK On Plans to Boost Battery Production in Korea Using $1.12B Investment

Aug 17, 2023 08:37 am UTC| Business Economy

SK on revealed on Wednesday that it will allot fresh investment to increase its battery production in South Korea. The company said it will spend KRW1.5 trillion or about $1.12 billion for the plan. To ramp up its...

Digital Currency Revolution

McDonald's Singapore Unveils 2,000 Exclusive Grimace NFTs in Partnership with 'The Hidden Walls'

Aug 17, 2023 08:26 am UTC| Economy Business Digital Currency

McDonalds Singapore partners with Bandwagon Labs and local NFT artist The Hidden Walls to launch 2,000 unique Grimace digital collectibles, blending nostalgia with innovative technology in an iconic character...

Amazon Launches AI-Powered Summaries for Product Reviews to Elevate Shopping Experience

Aug 17, 2023 07:38 am UTC| Economy Life Technology Business

Amazon introduces a generative AI feature to distill product reviews into concise summaries, offering customers a faster way to gauge others opinions. This new AI tool, currently available to select U.S. mobile users,...

1531 1532 1533 1534 1535 1536 1537 1538 1539 1540

Economy

World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures

The World Bank has approved $1.1 billion in emergency financing for Bangladesh to help the country cope with the economic impact of rising food, fuel, and fertilizer prices driven by the ongoing conflict in the Middle...

Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms

U.S. President Donald Trump announced on Friday that the United States will impose a 100% tariff on imports from any country that enforces digital services taxes (DSTs) on American technology companies, significantly...

US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated

The U.S. dollar edged lower on Friday, extending its decline for a second consecutive session after a six-day winning streak pushed the greenback to its strongest level since May 2025. Despite the modest pullback, the...

Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen

Gold prices rebounded more than 1% on Friday but still finished the week in negative territory, as renewed expectations of Federal Reserve interest rate hikes and a stronger U.S. dollar continued to pressure the precious...

Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts

Wall Street closed slightly lower on Friday, capping a difficult week for U.S. equities as technology stocks led the decline. With geopolitical tensions easing following diplomatic progress in the Middle East and oil...

Politics

Ukraine Strikes Russian Titan-Barrikady Plant With Long-Range FP-5 Flamingo Missile

Ukraine said it carried out a long-range missile strike on a major Russian military production facility in the Volgograd region overnight, marking another escalation in Kyivs campaign to target defense infrastructure deep...

Javier Milei Cabinet Chief Manuel Adorni Resigns Amid Spending Scandal Investigation

Argentine President Javier Milei has suffered a political setback after Cabinet Chief Manuel Adorni resigned following mounting scrutiny over his finances and personal spending, triggering fresh pressure on the government...

Australia Plans Higher Fines for Social Media Firms Failing to Block Underage Users

Australia is moving to strengthen its landmark online safety law by proposing significantly tougher penalties for social media companies that fail to prevent children under 16 from accessing their platforms. The planned...

US Strikes Iran Again After Strait of Hormuz Tanker Attack Escalates Ceasefire Tensions

The United States launched fresh military strikes against Iran after a Panama-flagged oil tanker was attacked in the Strait of Hormuz, marking the most serious escalation since Washington and Tehran signed an interim peace...

Maria Corina Machado’s Return to Venezuela Faces U.S. Hesitation After Deadly Earthquakes

Venezuelan opposition leader Maria Corina Machados renewed appeal for U.S. assistance to return to Venezuela following the countrys devastating earthquakes has reportedly caused frustration among senior officials in...

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

Italy Investigates Microsoft Over Microsoft 365 AI Subscription Price Hike

Italys antitrust authority has launched an investigation into Microsoft over allegations of unfair commercial practices tied to the pricing changes for its Microsoft 365 subscription service. The probe focuses on whether...

US Seizes Nearly 400 Illegal World Cup Streaming Domains in Global Anti-Piracy Crackdown

U.S. authorities have seized nearly 400 internet domains that were allegedly used to illegally stream FIFA World Cup matches, marking one of the largest anti-piracy enforcement actions tied to the global soccer tournament....

SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service

SpaceX and Charter Communications are reportedly in executive-level discussions about forming a strategic partnership that could accelerate the expansion of consumer mobile services across the United States. According to a...

OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow

SoftBank Group (TYO:9984) shares tumbled sharply on Friday after a report suggested that OpenAI is considering postponing its highly anticipated initial public offering (IPO), delaying what many investors had expected to...

Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes

Apples major Asian suppliers came under heavy selling pressure on Friday after the iPhone maker announced significant price increases for its MacBook and iPad lineup, fueling concerns that rising semiconductor costs are...