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

Become a contributor

Bookmark Econotimes

Business

Tue, Jun 30, 2026 12:27 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

SsangYong Motor freed from court receivership

Nov 14, 2022 09:42 am UTC| Business Economy

SsangYong Motor Co. revealed last week it is now free from the debt rescheduling program as the Seoul Bankruptcy Court ruled there is no more obstacle to the execution of the companys rehabilitation plan. The court made...

Digital Currency Revolution

NFT: Rolex to jump into Metaverse, NFT, crypto as it files for related trademarks

Nov 14, 2022 09:22 am UTC| Business Digital Currency Investing

Rolex SA, the luxury watch designer and manufacturer, based in Geneva, Switzerland, revealed its plans to enter the Metaverse, non-fungible token (NFT), and cryptocurrency business. This came to light after it filed for...

Twitter Blue: $8 subscription for blue checkmark is slated to return later this week

Nov 14, 2022 08:42 am UTC| Technology Business

Twitter had to quickly suspend its $8 verification scheme via the Twitter Blue subscription after a wave of fake accounts impersonating major companies flooded the platform. But Twitter owner Elon Musk says that it should...

Disney halts hiring, announces job cuts via company memo

Nov 14, 2022 08:39 am UTC| Business Economy

The Walt Disney Company reportedly released an internal memo to inform its employees about an impending layoff. The note was sent by the companys chief executive officer, Bob Chapek. The mass media company is also...

Digital Currency Revolution

Cryptocurrency: Binance no longer accepts FTX token deposits

Nov 14, 2022 08:34 am UTC| Business Digital Currency Investing

Binance recently withdrew from the deal to buy FTX and now it has made a decision to stop accepting FTXs FTT token for deposits. This move comes after its rival crypto exchange firm filed for bankruptcy last...

Digital Currency Revolution

Metaverse: LG Electronics applied trademark for ‘PETAVERSE’ to launch its virtual companion animal biz in US

Nov 13, 2022 02:08 am UTC| Business Digital Currency Investing

LG Electronics is planning to launch its virtual companion animal business in the United States, and to kickstart the project, it has applied to trademark a range of items related to the said line of trade in the country....

Excessive use of nitrogenous fertilizers causes sharp greenhouse gas emissions increase: Study

Nov 11, 2022 23:28 pm UTC| Nature Science Business Economy

The excessive use of nitrogenous fertilizers for rice farming results in a sharp increase in the emission of nitrous oxide, the major greenhouse gas contributor, according to study by the Gyeonggi-do Agricultural Research ...

1951 1952 1953 1954 1955 1956 1957 1958 1959 1960

Economy

Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply

Canada has awarded C$7 million (approximately $4.93 million) in non-repayable funding to support the development of a major molybdenum mining project in Greenland, reinforcing Western efforts to secure critical mineral...

Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire

Asian currencies traded in tight ranges on Monday as investors balanced easing geopolitical tensions in the Middle East with a busy week of key economic releases across Asia. While the tentative ceasefire between the...

Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan

Japans government is preparing an ambitious long-term economic strategy aimed at achieving sustained annual real economic growth of more than 1%, according to a draft of its latest economic and fiscal policy framework. The...

China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy

Chinas manufacturing sector is expected to return to modest growth in June, supported by resilient exports tied to the booming global artificial intelligence (AI) industry. However, economists caution that the recovery...

US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment

U.S. stock index futures moved higher late Sunday as investors reacted positively to reports that the United States and Iran had agreed to suspend recent military hostilities and resume diplomatic negotiations, easing...

Politics

Australia, Vanuatu Sign Security Pact Amid Pacific Influence Competition

Australia and Vanuatu have officially signed a long-awaited development and security agreement, reinforcing their strategic partnership while highlighting the growing geopolitical competition for influence in the Pacific...

Serbia Protests Continue as Thousands Rally Despite Vucic’s Resignation Plan

Thousands of demonstrators gathered in the central Serbian city of Kraljevo on Sunday, maintaining pressure on President Aleksandar Vucic just one day after he announced plans to resign within weeks and trigger early...

Iran Skips U.S. Technical Talks Over Unmet MoU Conditions and Frozen Funds Dispute

Iran did not participate in the technical talks scheduled for Sunday, citing recent military attacks on the country and unresolved conditions outlined in its memorandum of understanding (MoU) with the United States. The...

Trump Announces September Overhaul of Washington’s East Potomac Golf Links

U.S. President Donald Trump announced that a major renovation of Washingtons historic East Potomac Golf Links will begin on September 1, with plans to transform the century-old public golf course into what he described as...

Andy Burnham Sets Out Vision to Decentralize Britain as Labour Leadership Race Begins

Andy Burnham is set to outline his vision for the United Kingdom on Monday as the Labour politician positions himself to succeed Keir Starmer as the countrys next prime minister. Burnham is expected to focus on shifting...

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

Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings

Chinese insurtech firm Baige Online Digital Technology Co. (HK:2672) delivered an impressive debut on the Hong Kong Stock Exchange on Monday, with its shares surging as much as 333% in early trading. The strong performance...

Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO

Baidu Inc. (HK:9888) shares climbed sharply on Monday after reports indicated that its artificial intelligence chip subsidiary, Kunlunxin, is aiming for a valuation of approximately $50 billion through a planned initial...

Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says

Open-source artificial intelligence (AI) models are rapidly gaining traction as businesses search for cost-effective alternatives to proprietary AI systems, according to a new research note from Citi. The shift comes as...

Samsung, SK Hynix to Unveil $1.3 Trillion AI and Semiconductor Investment Plan

South Korean technology leaders Samsung Electronics and SK Hynix are reportedly preparing to announce investment plans worth a combined 2,000 trillion won (approximately $1.3 trillion) to strengthen the countrys...

UBS Raises TSMC Price Target to T$3,400 on Strong AI Chip Demand Outlook

Taiwan Semiconductor Manufacturing Company (TSMC) received a fresh vote of confidence from UBS after the investment bank raised its price target for the worlds largest contract chipmaker, citing robust artificial...