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

Become a contributor

Bookmark Econotimes

Business

Fri, Feb 20, 2026 03:39 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Texas Roadhouse CEO, Kent Taylor, took his own life at 65

Mar 22, 2021 05:14 am UTC| Business

Kent Taylor, the founder of Texas Roadhouse, has died, and this was announced by the company and his family. The chief of the American legendary steak restaurant chain was 65. Based on the social media post, Taylor...

S. Korea's Posco targets additional 12 trillion won sales by 2023

Mar 22, 2021 04:44 am UTC| Business

South Koreas Posco Group said it expects to raise its annual sales over 102 trillion won by 2023, 12 trillion won more than that of 2020 while announcing its new midterm plan from 2021 to 2023. The worlds fifth-largest...

S. Korean airport corp. eyes 30% stake 600 billion won Indonesian airport project

Mar 22, 2021 04:42 am UTC| Business

The Incheon International Airport Corp. (IIAC) will invest in a 30 percent stake in a 600 billion-won expansion of Indonesias Hang Nadim Batam airport by 2024, South Koreas main airport operator had formed a consortium...

Australia develops prototype plastic KitKat food wrapper made of recycled material

Mar 20, 2021 00:55 am UTC| Business

Packaging firm Amcor has developed Australias prototype plastic food wrapper aimed at reducing plastic waste in the environment in partnership with several companies. The wrapper is first to be used in Nestles KitKat...

Samyang Foods sets record sales of 648.5 billion won in 2020

Mar 20, 2021 00:39 am UTC| Business

South Koreas Samyang Foods set record sales last year of 648.5 billion won, up by 19.3 percent on-year, and an operating profit of 95.3 billion won, jumping 21.9 percent on-year. Overseas sales increased 35.8 percent...

US appeals WTO report on S. Korea's steel, transformers tariffs

Mar 20, 2021 00:16 am UTC| Business

The US has appealed a World Trade Organizations panel report that it violated rules in imposing high tariffs on South Korean steel and power transformer products. The WTOs Dispute Settlement Body had canceled the...

Taiwan's Foxconn and Vietnam's VinFast explore electric vehicle partnership

Mar 20, 2021 00:04 am UTC| Business

Vietnams Vinfast is negotiating with Taiwans Foxconn about forming a partnership focused on developing batteries and electric car parts. Foxconn has proposed acquiring EV production lines owned by VinFast, the car unit...

2821 2822 2823 2824 2825 2826 2827 2828 2829 2830

Economy

Gold Prices Rise in Asian Trade Amid U.S.-Iran Tensions, Weekly Losses Loom

Gold prices moved higher in Asian trading on Friday, extending gains for a third consecutive session as investors reacted to escalating U.S.-Iran tensions and positioned themselves ahead of key U.S. inflation data. Despite...

Oil Prices Climb Amid U.S.-Iran Tensions and Declining Global Crude Supplies

Oil prices moved higher on Friday as escalating tensions between the United States and Iran heightened fears of potential supply disruptions in global energy markets. Investors reacted after Washington warned that Tehran...

Dollar Posts Strongest Weekly Gain Since October on Hawkish Fed and U.S.-Iran Tensions

The U.S. dollar is on track to record its strongest weekly performance since October, supported by upbeat economic data, a hawkish Federal Reserve outlook, and rising geopolitical tensions between the United States and...

Indonesia–U.S. Reciprocal Trade Agreement Signals New Era of Economic Partnership

Indonesia and the United States have officially signed a reciprocal trade agreement, marking a significant step forward in strengthening bilateral economic ties. The Indonesian Ministry of Economic Affairs confirmed that...

Kim Jong Un Claims Economic Recovery as North Korea Opens Ninth Party Congress

North Korean leader Kim Jong Un declared that the country has overcome recession and achieved major economic goals over the past five years as he opened the Ninth Party Congress, according to state media KCNA. The...

Politics

Pedro Sanchez Challenges U.S. Policy as Spain Navigates Tensions with Trump Administration

Spanish Prime Minister Pedro Sanchez has adopted an increasingly defiant stance toward U.S. policy, a move that resonates with many Spanish voters but risks straining SpainU.S. relations. As one of Europes few prominent...

Yoon Suk Yeol Apologizes After Life Sentence for Martial Law Decree in South Korea

Former South Korean President Yoon Suk Yeol has issued a public apology following his life sentence for orchestrating what a Seoul court described as an insurrection linked to his brief declaration of martial law in...

Trump Proposes Ban on Large Investors Buying Single-Family Homes

The White House has formally outlined President Donald Trumps proposal to restrict large-scale real estate investors from purchasing additional single-family homes, according to a report by The Wall Street Journal. In a...

Trump Orders Release of UFO and UAP Government Files on Alien Life

U.S. President Donald Trump announced Thursday that he will instruct Defense Secretary Pete Hegseth and other relevant federal agencies to begin identifying and releasing classified government files related to alien life,...

Alberta Referendum on Immigration Sparks Debate Over Provincial Control and Population Growth

Alberta Premier Danielle Smith has announced a province-wide referendum this fall that will ask residents whether the provincial government should limit the number of new international students, temporary foreign workers,...

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

Alibaba, Baidu, BYD Shares Slide After Pentagon Military List Update

Alibaba Group, Baidu, and electric vehicle giant BYD saw their Hong Kong-listed shares fall sharply on Friday after the companies were briefly included on a U.S. Pentagon list of firms allegedly linked to the Chinese...

Nvidia Nears $30 Billion Investment in OpenAI, Replacing Previous $100 Billion AI Partnership

Nvidia is reportedly close to finalizing a $30 billion investment in OpenAI, marking a major shift in the companies artificial intelligence partnership. According to a Financial Times report published Thursday, the new...

Meta Platforms Cuts Equity Awards Again Amid Massive AI Investment Push

Meta Platforms Inc (NASDAQ: META) has reduced equity-based compensation for most employees for the second consecutive year, according to a report by the Financial Times. The tech giant has trimmed its annual stock option...

Bill Gates Pulls Out of India’s AI Impact Summit Amid Controversy and Event Mismanagement

Bill Gates withdrew from Indias AI Impact Summit just hours before his scheduled keynote address, dealing a major setback to the high-profile artificial intelligence event in New Delhi. The Gates Foundation confirmed that...

OpenAI Nears $100 Billion Funding Round at $850 Billion Valuation: Bloomberg Report

OpenAI is reportedly close to completing the first phase of a massive new funding round expected to raise more than $100 billion, according to a Bloomberg report citing sources familiar with the matter. The deal could push...