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

Become a contributor

Bookmark Econotimes

Business

Wed, Jul 01, 2026 04:33 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

EssilorLuxottica founder’s top aide appointed as chairman

Jul 05, 2022 10:01 am UTC| Business Economy

EssilorLuxottica, the parent company of the Ray-Ban luxury sunglasses line, has announced the appointment of its new chief executive officer after its owner, Leonardo del Vecchio, died last week. Reuters reported that...

Hyundai Motor facing a union strike due to failed pay negotiations

Jul 05, 2022 09:37 am UTC| Business Economy

Hyundai Motor Company and its unionized workers reportedly failed to reach an agreement regarding payment and the removal of the peak wage system. Thus, the workers may hold a strike as 71.8% of the 46,568 unionized...

SK E&S to establish an office in London for its European expansion

Jul 05, 2022 08:36 am UTC| Business Economy

SK ES Co. Ltd. will be setting up an office in London to expand its business in Europe. The South Korean firm is expanding in the energy market of the worlds largest economic bloc amid the ongoing war in Ukraine. In the...

EasyJet chief resigns after a series of flight cancellations and disturbances

Jul 05, 2022 08:08 am UTC| Business Economy

EasyJet, a British multinational low-cost airline group, headquartered at London Luton Airport, experienced flight cancellations and other issues for weeks. The series of problems have been causing chaos in the company,...

Korea’s police agency reportedly preparing to deploy autonomous cars, robots to deal with crimes

Jul 05, 2022 07:28 am UTC| Business Economy

The Korean National Police Agency is reportedly preparing for the future and devising plans that will help the force deal with crimes. The plans even included tackling crimes on the metaverse, which was said to have been...

UK’s Pret A Manger sandwich chain to debut in India

Jul 05, 2022 07:09 am UTC| Business Economy

Pret A Manger, a store chain that serves sandwiches, coffee, and hot breakfast, is coming to India. It is a well-known dining place in the United Kingdom, and billionaire business magnate, Mukesh Ambani, is introducing the...

Tesla recall: Germany’s motor transport watchdog finds software glitch on Elon Musk company’s EVs

Jul 05, 2022 06:58 am UTC| Business Economy

Tesla cars have been recalled in Germany after the countrys Federal Motor Transport Authority said that more than 59,000 of the electric vehicles have malfunctioning software. The German road traffic watchdog revealed the...

2201 2202 2203 2204 2205 2206 2207 2208 2209 2210

Economy

Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus

Oil prices edged higher on Wednesday as uncertainty surrounding U.S.-Iran peace negotiations continued to support crude markets, even as record U.S. oil production pointed to improving global supply. Traders remained...

Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels

Gold prices extended their losses during Asian trading on Wednesday, with bullion hovering near an eight-month low after recording its steepest quarterly decline in 13 years. Growing expectations that the Federal Reserve...

UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap

United Nations Secretary-General Antonio Guterres has appealed to member states to urgently fill a $100 million funding gap facing the U.N. Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), warning...

NATO Albania Summit Faces Uncertainty as Trump, Defense Spending Concerns Loom

Plans for NATO to hold its 2027 leaders summit in Albania have been thrown into question as alliance members prepare for next weeks gathering in Turkey, according to Reuters, citing a NATO diplomat, a European official,...

Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism

Chip-equipment stocks surged on Tuesday after reports that South Koreas semiconductor leaders, Samsung Electronics and SK Hynix, plan to invest up to $1.3 trillion in new semiconductor manufacturing projects, reinforcing...

Politics

Trump Prioritizes Iran Diplomacy Over Military Action as Nuclear Talks Continue

President Donald Trump has decided to keep diplomatic negotiations with Iran on track for now, despite recently reviewing options for renewed large-scale military action, according to a Wall Street Journal report citing...

Netanyahu Says Israel Will Stay in Southern Lebanon Until Hezbollah Threat Ends

Israeli Prime Minister Benjamin Netanyahu said on Tuesday that Israeli forces will remain in southern Lebanon until the threat posed by Iran-backed Hezbollah is eliminated, signaling that Israel has no immediate plans to...

DOE Declares Power Grid Emergency as Extreme Heat Strains PJM Electricity Supply

The U.S. Department of Energy (DOE) has declared an emergency across the nations largest power grid as extreme heat drives electricity demand to critical levels, raising concerns about power supply reliability. In an...

DOJ Orders Crackdown on Birth Tourism After Supreme Court Upholds Birthright Citizenship

The U.S. Department of Justice (DOJ) has instructed federal prosecutors to intensify investigations into alleged birth tourism schemes following a U.S. Supreme Court ruling that rejected President Donald Trumps effort to...

Trump Suspends Some Morocco Fertilizer Tariffs to Ease U.S. Supply Shortage

U.S. President Donald Trump has authorized the temporary suspension of certain duties on phosphate fertilizer imports from Morocco in an effort to ease fertilizer shortages affecting American farmers, the White House...

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

Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls

Anthropic announced late Tuesday that the U.S. government has lifted export restrictions on its Claude Fable 5 and Mythos 5 artificial intelligence models, allowing the company to begin restoring user access starting...

South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine

South Koreas antitrust regulator has accused Alphabets Google of abusing its dominant position in the Android app marketplace, a move that could result in a significant financial penalty and new corrective measures if the...

Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox

Microsoft is reportedly preparing another round of job cuts as the technology giant continues to reduce costs while increasing investment in artificial intelligence, according to a Business Insider report published...

Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts

Nvidia (NASDAQ: NVDA) shares rebounded on the final trading day of the quarter after bullish supply-chain research from independent semiconductor firm SemiAnalysis suggested the AI chipmakers data center business could...

TSMC CoWoS Capacity Forecast Raised as Mizuho Sees AI Server CPU Demand Surging Through 2027

Mizuho Securities Asia has increased its forecast for Taiwan Semiconductor Manufacturing Co.s (TSMC) advanced CoWoS packaging capacity, citing a much stronger outlook for artificial intelligence (AI) server processors and...