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

Become a contributor

Bookmark Econotimes

Business

Tue, Apr 21, 2026 01:27 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

HSBC rescues Silicon Valley Bank’s UK unit with £1 buyout deal

Mar 14, 2023 09:39 am UTC| Business Economy

HSBC acquired the UK business unit of Silicon Valley Bank to save it after the bank suddenly collapsed this week. The buyout put a stop to the possible ordeal that British tech firms could go through if the deal did not...

Digital Currency Revolution

NFT: Sesame Street reportedly launching its first NFT collectibles

Mar 14, 2023 09:28 am UTC| Business Digital Currency Investing

Sesame Workshop, which is originally known as the Childrens Television Workshop, is reportedly launching its first NFT collection featuring its popular and best-known educational TV program, Sesame Street. Sesame...

Burger King franchisee Meridian Restaurants files for bankruptcy

Mar 14, 2023 09:07 am UTC| Business Economy

Burger Kings franchisee, Meridian Restaurants Unlimited LC, has filed for Chapter 11 bankruptcy protection, citing the high inflation, low sales, and soaring costs of food and labor. This is the second BK franchisee to...

Hyundai Motor acquires General Motors plant in India

Mar 14, 2023 07:45 am UTC| Business Economy

Hyundai Motor Co. revealed on Monday, March 13 that it is in the process of acquiring General Motors production plant in India. The Indian unit of the South Korean carmaker was said to have signed a term sheet with the...

Meta threatens to block news access on IG, Facebook if 'Online News Act' is adopted in Canada

Mar 14, 2023 06:31 am UTC| Business Economy

Meta Platforms Inc. said the past weekend that it would block news content on its Facebook and Instagram in Canada if the countrys Online News Act is approved in its current form. The companys decision comes a few weeks...

Reliance Group revives iconic Campa Cola drink brand, returning to India this summer

Mar 14, 2023 06:19 am UTC| Business Economy

Campa Cola is a soft drink brand in India and was popular in the 1970s. It disappeared from the market, but Mukesh Ambanis Reliance Group has recently revived it and is now set to be relaunched in the country. The...

Digital Currency Revolution

Starbucks Odyssey NFTs reselling for $1,500 each after being sold out in just 18 minutes

Mar 13, 2023 23:00 pm UTC| Economy Business Digital Currency Life

Starbucks limited-edition NFTs called Stamps are reselling for over $1,500 each on the Nifty Gateway secondary market after 2,000 were sold out in just 18 minutes. According to the Nifty Gateway platform, the Stamps...

1701 1702 1703 1704 1705 1706 1707 1708 1709 1710

Economy

Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe

Disruptions to global oil supplies linked to the Iran conflict are driving a sharp increase in jet fuel prices, adding significant costs to air travel across Europe. According to analysis from campaign group Transport ...

UK Wage Growth Slows to 3.6% as Inflation Pressures Complicate Bank of England Outlook

British wage growth showed signs of cooling, though not as sharply as analysts had anticipated, according to the latest data from the Office for National Statistics (ONS). Regular pay, which excludes bonuses, rose by 3.6%...

US-Iran Peace Talks Fuel Market Optimism Amid Ongoing Tensions

The United States has expressed renewed confidence that peace talks with Iran could resume soon in Pakistan, raising hopes of easing geopolitical tensions that have disrupted global energy markets. A senior Iranian...

Asian Currencies Stay Range-Bound as Dollar Holds Steady Ahead of Fed Nominee Hearing

Asian currencies traded within a narrow range on Tuesday as geopolitical uncertainty surrounding potential U.S.-Iran peace talks kept investors cautious. With a temporary ceasefire set to expire later this week, traders...

Gold Prices Slip Amid Iran Tensions and Fed Chair Uncertainty

Gold prices edged lower during Asian trading on Tuesday as investors weighed geopolitical risks and monetary policy uncertainty. The precious metal remains range-bound, with traders closely monitoring developments...

Politics

Pakistan Halts $1.5 Billion Sudan Arms Deal After Saudi Arabia Withdraws Support

Pakistan has reportedly paused a $1.5 billion defense deal to supply weapons and fighter jets to Sudan after Saudi Arabia withdrew financial backing and urged Islamabad to abandon the agreement. According to Pakistani...

UN Secretary-General Race 2027: Key Candidates Competing to Replace Antonio Guterres

The race to select the next United Nations Secretary-General is gaining momentum as global leaders position themselves for the top diplomatic role. The 10th UN chief will assume office on January 1, 2027, for a five-year...

Philippines Says U.S. Access to EDCA Bases Limited by Land Issues and Delays

Philippine Defense Secretary Gilberto Teodoro has revealed that the use of military bases accessible to the United States under the Enhanced Defense Cooperation Agreement (EDCA) remains limited, citing unresolved land...

Trump Maintains Iran Naval Blockade as Ceasefire Deadline Nears

U.S. President Donald Trump announced that the naval blockade against Iran will remain in force until a formal agreement is reached with Tehran, adding uncertainty ahead of a looming ceasefire deadline later this week. In...

Gaza Violence Continues Despite Ceasefire as Israeli Strikes and Clashes Escalate

Israeli airstrikes in the Gaza Strip killed at least five Palestinians on Monday, according to Palestinian health officials, highlighting ongoing violence despite a fragile ceasefire agreement. The incidents occurred in...

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

SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows

SpaceX President and Chief Operating Officer Gwynne Shotwell earned $85.8 million in total compensation last year, according to details from the companys S-1 filing, positioning her among the highest-paid executives in the...

John Ternus Signals Apple’s Future with Product-First AI Strategy

Apples incoming CEO John Ternus is already shaping expectations for the companys future, and his stance on artificial intelligence reveals a clear direction. Unlike competitors such as Microsoft and Google, which are...

Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus

Jeff Bezos is reportedly closing in on a massive fundraising deal for his artificial intelligence startup, signaling a major move in the rapidly expanding AI industry. According to a Financial Times report citing sources...

Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO

Apple (NASDAQ: AAPL) shares slipped more than 1% in after-hours trading Monday following a surprising leadership transition announcement. The tech giant revealed that longtime CEO Tim Cook will move into the role of...

Amazon Expands AI Bet with Up to $25 Billion Investment in Anthropic

Amazon is significantly deepening its artificial intelligence strategy by announcing a new investment of $5 billion in AI firm Anthropic, with the potential to reach up to $25 billion based on performance milestones. This...