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

Become a contributor

Bookmark Econotimes

Business

Mon, Feb 16, 2026 05:04 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Uniqlo’s parent company Fast Retailing is launching its first GU brand store in US

Aug 05, 2022 08:02 am UTC| Business Economy

Fast Retailing, a public Japanese retail holding company that owns Uniqlo, J Brand and GU, revealed on Thursday, Aug. 4, that it would be opening the very first GU discount clothing store in the United States. It said that...

Intel expects to close $5B deal with Italy to build chip plant in the country

Aug 05, 2022 07:53 am UTC| Business Economy

Intel semiconductor company based in California, United States, is reportedly close to sealing a deal with Italy for the construction of a new chip plant in the country. The contract is said to be worth $5 billion as per...

Xbox Game Pass family plan enters testing in Ireland, Colombia

Aug 05, 2022 07:49 am UTC| Technology Business

It is now confirmed that Microsoft is expanding the options for Xbox Game Pass subscriptions by introducing a family plan. The new membership tier was made available to Xbox Insiders in Ireland and Colombia on Thursday,...

Unilever unveils Web3 metaverse initiative

Aug 04, 2022 23:54 pm UTC| Business Economy Technology

Unilever is embracing web3 and the metaverse, creating a cross-functional Web3 collective across marketing, finance, legal, media, procurement, and licensing. A consumer goods company, Unilever owns a raft of household...

NBA teams up with Sportradar on AI virtual games for betting apps

Aug 04, 2022 23:50 pm UTC| Sports Economy Business Technology

Sportradar will offer 3,000 virtual National Basketball Association (NBA) games a day to its betting partners, allowing them to offer markets at times when little or no live events are taking place. Every virtual NBA...

Lotte’s exports ₩41.9 billion worth of flavored soju over past 6 years

Aug 04, 2022 23:47 pm UTC| Business Economy Life

Lotte Chilsung Co. exported 41.9 billion won (US$32 million) worth of Soonhari flavored soju between 2016 and 2021. Soonhari, which is available in eight distinct flavors like apple, strawberry, and peach, was exported...

Heineken sees beer sales impacted by pressure on consumer finances

Aug 04, 2022 23:40 pm UTC| Business Economy Life

Heineken warned that while consumer demand has been resilient in the first half, there is mounting pressure on consumer purchasing power that will affect beer consumption. The beermaker made the warning after posting...

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Economy

Ukraine Secures $8.2 Billion IMF Loan as Tax Conditions Are Eased

Ukraines government has reached a revised agreement with the International Monetary Fund (IMF) on a new $8.2 billion lending program, easing several previously proposed conditions, including politically sensitive tax...

BOJ Governor Ueda Meets PM Takaichi as Markets Eye Possible Rate Hike

Bank of Japan Governor Kazuo Ueda and Prime Minister Sanae Takaichi are set to hold their first bilateral meeting on Monday since the ruling partys landslide election victory, a discussion that could shape expectations for...

Yen Pulls Back After Rally as Fed Rate Cut Bets Support Dollar Stability

The Japanese yen began the week slightly weaker against the U.S. dollar after posting its strongest weekly gain in more than a year. The currency eased 0.2% to 153.07 per dollar in early Monday trading, following a nearly...

Japan Coalition Urges BOJ Independence as Sales Tax Cut Plan Advances

Japans ruling coalition is signaling a clear stance on monetary policy independence while advancing plans for fiscal stimulus to strengthen the economy. Hirofumi Yoshimura, leader of the Japan Innovation Party (Ishin) and...

Oil Prices Steady as Iran-U.S. Nuclear Talks and OPEC+ Output Plans Shape Market Outlook

Oil prices traded in a narrow range on Monday as investors closely monitored upcoming Iran-U.S. nuclear talks and weighed the potential impact on global crude supply. Concerns that escalating tensions between Washington...

Politics

Zelenskiy Urges Stronger Sanctions as U.S.-Brokered Ukraine-Russia Peace Talks Near

Ukrainian President Volodymyr Zelenskiy expressed cautious optimism ahead of U.S.-brokered peace talks between Ukraine and Russia scheduled in Geneva next week. Speaking at the Munich Security Conference, Zelenskiy said he...

Rubio Reaffirms Transatlantic Alliance at Munich Security Conference Amid Ukraine and Russia Tensions

U.S. Secretary of State Marco Rubio described the United States as a child of Europe during a closely watched speech at the Munich Security Conference, aiming to reinforce transatlantic unity after a turbulent year in...

EU Divided on Setting 2027 Timeline for Ukraine Membership Amid Ongoing War

European Union foreign policy chief Kaja Kallas has indicated that EU member states are not prepared to offer Ukraine a concrete timeline for joining the bloc, despite renewed calls from Ukrainian President Volodymyr...

Anthropic’s Claude AI Reportedly Used in U.S. Operation to Capture Nicolas Maduro

Anthropics artificial intelligence model, Claude, was reportedly used in a U.S. military operation that led to the capture of former Venezuelan President Nicolas Maduro, according to a Wall Street Journal report citing...

Europe Rethinks NATO as U.S. Policy Shifts Shake Transatlantic Alliance

European leaders signaled a turning point in transatlantic relations at the Munich Security Conference, as European Commission President Ursula von der Leyen warned that some lines have been crossed that cannot be...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

OpenAI Hires OpenClaw Creator Peter Steinberger to Advance Next-Generation AI Agents

OpenAI has hired Peter Steinberger, the creator of the open-source artificial intelligence agent OpenClaw, according to CEO Sam Altmans announcement on social media Sunday. The move follows OpenClaws recent surge in...

Vietnam Approves SpaceX Starlink Satellite Internet Service Amid U.S. Trade Talks

Vietnam has officially granted SpaceX permission to deploy its Starlink satellite internet service in the country, marking a significant step in expanding high-speed connectivity across Southeast Asia. According to state...

Anduril Eyes $60 Billion Valuation in New Funding Round to Expand Defense Manufacturing and Autonomous Fighter Jet Development

U.S. defense technology firm Anduril Industries is reportedly in discussions to raise billions of dollars in fresh funding at a valuation of at least $60 billion, according to a recent report by The Information citing...

Grok AI Market Share Surges as xAI Faces Scrutiny Over Image Generation Controversy

Elon Musks AI chatbot Grok is rapidly gaining traction in the U.S., even as it faces mounting global criticism over the generation of non-consensual and sexualized AI images. According to data from app intelligence firm...

Lockheed Martin Secures $101M in U.S. Defense Contracts for AEGIS, F-35, and Missile Systems

Lockheed Martin has been awarded three U.S. Department of Defense contracts worth approximately $101 million, reinforcing its role as a leading defense contractor in advanced military systems, fighter jet support, and...