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

Become a contributor

Bookmark Econotimes

Business

Wed, Apr 29, 2026 01:34 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Hyundai Steel, POSCO demand 64% price hike for ship steel plates

Jul 13, 2021 00:09 am UTC| Economy Business

South Koreas largest steelmakers, POSCO and Hyundai Steel Co. are demanding that the ship steel plate prices be increased to 1.15 million won per ton in the second half, up 64 percent from 700,000 won in the first...

Tokyo's Akasaka Excel Hotel apologizes for 'Japanese only' elevator sign

Jul 12, 2021 23:57 pm UTC| Economy Business

Akasaka Excel Hotel Tokyu in downtown Tokyo has apologized and removed signs reading Japanese only and foreigners only from elevators after it sparked outrage on social media ahead of the 2021 Summer Olympics. The signs...

SsangYong workers begin taking unpaid leave in self-rescue attempt

Jul 12, 2021 23:54 pm UTC| Economy Business

SsangYong Motor Co. employees have begun taking rotational unpaid leaves as part of self-help measures. The two-year rotational unpaid leave, which is an extension of a wage cut and suspended welfare benefits until June...

KakaoBank’s rapid growth threatening traditional banks in S. Korea: Moody’s

Jul 12, 2021 23:49 pm UTC| Economy Business

KakaoBanks rapid growth is threatening traditional banks in South Korea, who now have to strengthen their online platforms, according to Moodys Investors Service. Moodys noted that the internet-only bank now has the...

Frito-Lay workers go on strike for better pay, working conditions

Jul 12, 2021 23:35 pm UTC| Economy Business

Around 600 employees or about 80 percent of the full-time workforce at the Frito-Lay plant in Topeka, Kansas went on strike for better pay and working conditions, including less mandatory overtime. The plant is among...

General Motors announces recall of 400,000 vehicles for defective airbags

Jul 12, 2021 10:11 am UTC| Business Economy

General Motors revealed last weekend that it had recalled 410,019 vehicles, and these are the 2015 and 2016 Chevrolet Silverado and GMC Sierra pickup truck model units. The American automaker cited the airbags as the...

Tyson Foods expands recall that now affects additional 4,500 tons of chicken products over listeria risk

Jul 12, 2021 09:48 am UTC| Business Economy

Tyson Foods issued a recall on its pre-cooked chicken products earlier this month, and the company cited possible listeria contamination as the reason. At that time, the recall affected 8.5 million pounds of its packed...

2691 2692 2693 2694 2695 2696 2697 2698 2699 2700

Economy

Yen Strengthens as BOJ Signals Rate Hikes; Asian Currencies Slip Ahead of Fed Meeting

The Japanese yen strengthened on Tuesday after the Bank of Japan (BOJ) maintained its interest rates but hinted at potential rate hikes amid rising inflation risks. The USD/JPY pair declined by 0.2%, hovering near the 159...

Asian Stocks Mixed as BOJ Holds Rates, Oil Prices and Fed Outlook Weigh on Markets

Asian stock markets delivered a mixed performance on Tuesday as investors reacted to elevated oil prices, ongoing geopolitical tensions, and the Bank of Japans decision to keep interest rates unchanged. Market sentiment...

Oil Prices Rise Amid U.S.-Iran Tensions and Strait of Hormuz Deadlock

Oil prices moved higher during Asian trading on Tuesday as geopolitical tensions between the United States and Iran continued to weigh on global energy markets. The ongoing stalemate over the Strait of Hormuz, a critical...

Wall Street Futures Rise as Trump Discusses Iran’s Hormuz Strait Proposal and Tech Earnings Loom

Wall Street futures moved slightly higher on Monday evening after major U.S. stock indexes reached new record highs, reflecting cautious optimism among investors. SP 500 Futures climbed 0.2% to 7,217.0 points, while Nasdaq...

BOJ Holds Interest Rates at 0.75% as Policymakers Signal Growing Inflation Concerns

The Bank of Japan (BOJ) decided to keep its benchmark interest rate unchanged at 0.75% following its latest two-day monetary policy meeting, a move that aligned with market expectations. However, the decision revealed a...

Politics

King Charles Addresses U.S. Congress, Emphasizes UK-US Alliance Amid Political Tensions

Britains King Charles III is set to deliver a historic address to the U.S. Congress on Tuesday, reinforcing the long-standing special relationship between the United Kingdom and the United States. The speech comes at a...

Trump Skeptical of Iran Hormuz Proposal as Nuclear Talks Stall

U.S. President Donald Trump and his national security team remain doubtful about Irans recent proposal to reopen the Strait of Hormuz while delaying discussions on its nuclear program, according to a Wall Street Journal...

White House Withdraws Trump’s National Park Service Nominee Amid Criticism

The White House has officially withdrawn President Donald Trumps nomination of Scott Socha to lead the National Park Service (NPS), more than two months after it was submitted to the U.S. Senate. The administration did not...

Trump Administration Dismisses Entire National Science Board, Sparking Debate Over Scientific Independence

The Trump administration has removed all members of the National Science Board, a major advisory group that oversees the National Science Foundation (NSF), according to statements from two former board members. The...

Trump Rejects Iran Proposal as War Tensions Push Oil Prices Higher

U.S. President Donald Trump has expressed dissatisfaction with Irans latest proposal aimed at resolving the ongoing two-month conflict, according to a U.S. official. The development has reduced hopes for a near-term...

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

Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal

The Australian government has announced a new plan that could impose multimillion-dollar charges on major tech platforms like Meta, Google, and TikTok if they fail to compensate local media companies for news content...

Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand

Shares of Lightelligence, the Shanghai-based optical computing company formerly known as Shanghai Xizhi Technology, delivered an explosive performance during their Hong Kong stock market debut, underscoring strong investor...

OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO

OpenAI is reportedly facing mounting pressure after missing key internal targets for both user growth and revenue, raising concerns about its ability to sustain aggressive spending plans. According to a Wall Street Journal...

Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results

Shares of Advantest Corp (TYO:6857) declined on Tuesday after the semiconductor equipment maker issued an annual outlook that fell short of market expectations, overshadowing its strong financial performance driven by...

DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals

Chinese artificial intelligence startup DeepSeek has significantly reduced pricing for its latest AI models, signaling a more aggressive push in the rapidly evolving AI services market. The company announced that it has...