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

Become a contributor

Bookmark Econotimes

Business

Sat, Jul 04, 2026 10:59 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Amazon takes the win in its $303M legal battle in EU tax case

May 13, 2021 06:46 am UTC| Business Economy

Amazon was declared the winner in a tax legal battle where the EU ordered it to pay Luxembourg the amount of 250 million or around $303 million in back taxes. The win for the American retail giant is said to be a big blow...

MGM Resorts to open casinos at full capacity without any restrictions

May 13, 2021 06:16 am UTC| Business Economy

MGM Resorts is set to resume full operations of its casinos in most of the properties it owned. The company will open at full occupancy and without any social distancing inhibitions. Fox Business reported that this is...

Starbucks: PETA protests coffee chain’s vegan surcharge

May 13, 2021 06:02 am UTC| Business Economy

Starbucks started offering beverages with milk alternatives to accommodate vegan customers preferences. Another reason for having animal-friendly milk in the store is that the coffee chain wants to contribute to making the...

Ex-Kumho Asiana chairman placed on pre-trial detention over inter-affiliate transactions

May 12, 2021 20:00 pm UTC| Economy Business

The Seoul Central District Court approved the prosecutions request to put the former chairman of Kumho Asiana Group, Park Sam-koo under pre-trial detention after questioning him on charges of masterminding unfair financial...

S. Korea inks free trade agreement with Israel with cars; auto parts mainly benefitted

May 12, 2021 19:53 pm UTC| Economy Business

South Korea and Israel signed a free trade agreement (FTA) on broadening economic ties, which could help Asias No. 4 economy hasten exports of cars and auto parts. The pact was signed by South Korea Trade Minister Yoo...

Atomo ready to roll out 'coffeeless' coffee this year

May 12, 2021 16:15 pm UTC| Economy Business

Atomo Coffee Inc.s team of food scientists and chemists are working on what it dubs as coffeeless coffee, made from sunflower seed husks and watermelon seeds, which undergo a patented chemical process. The result of the...

Deat Wish Coffee flaunts 'World's Strongest Latte', claims it's 4 times stronger than Starbucks

May 12, 2021 15:59 pm UTC| Economy Business

New York-based Death Wish Coffee is introducing what it claims to be the Worlds Strongest Latte with 300 milligrams of caffeinefour times the amount in an equal size pour of Starbucks Caffe Latte. It is billed with a...

2861 2862 2863 2864 2865 2866 2867 2868 2869 2870

Economy

JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026

JPMorgan has sharply lowered its near-term gold price outlook, citing weaker-than-expected demand from major buying sectors and growing uncertainty over U.S. monetary policy. The bank now expects gold prices to average...

Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears

Oil prices ended the week largely unchanged as investors weighed improving prospects for a lasting U.S.-Iran peace agreement against rising crude supply from the Middle East. Brent crude futures settled up 14 cents, or...

Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch

Most Asian currencies edged higher on Friday after the U.S. dollar retreated from a 13-month high following weaker-than-expected U.S. nonfarm payrolls data, raising fresh questions about the Federal Reserves interest rate...

Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions

Asian stock markets rebounded sharply on Friday as investors returned to technology shares following a week of heavy selling, while easing geopolitical tensions and growing expectations of Federal Reserve interest rate...

Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook

Oil prices edged lower on Friday as improving global crude supplies and expectations of near-term oversupply continued to pressure the market, while traders reduced bearish positions ahead of the U.S. holiday weekend....

Politics

UN Warns of Looming Human Rights Catastrophe in Sudan’s Al-Obeid

The United Nations has warned that a new human rights catastrophe is unfolding in Sudan as fighting intensifies around the besieged city of al-Obeid, the capital of North Kordofan state. U.N. High Commissioner for Human...

Amy Coney Barrett Faces Conservative Backlash After Key Supreme Court Rulings Against Trump

U.S. Supreme Court Justice Amy Coney Barrett has drawn criticism from some conservatives after joining decisions that blocked several major priorities of President Donald Trump during the courts latest term. Although...

France Battles Mediterranean Wildfires as Heatwave Fuels Fire Risk

Around 2,000 firefighters battled multiple wildfires across Frances Mediterranean coast on Thursday as strong winds and dry conditions intensified blazes following Europes recent heatwave. One of the most serious fires...

Russia Claims Capture of Kostiantynivka as Putin Pushes Donetsk Offensive

Russia claimed on Friday that its forces had captured the eastern Ukrainian city of Kostiantynivka, a move that, if confirmed, would mark a major step in Moscows campaign to seize full control of Ukraines Donetsk region....

Russian Attacks Kill Six Across Ukraine as Kyiv Mourns Deadly Strike

Russian attacks killed at least six people and injured dozens across multiple regions of Ukraine on Friday, according to regional officials, as Kyiv observed a day of mourning following one of the deadliest assaults on the...

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 Tightens AI Access Controls After Reports of China-Based Workarounds

Anthropic is strengthening measures to prevent unauthorized access to its artificial intelligence services from China after discovering that several Chinese companies had allegedly bypassed its restrictions, according to a...

Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round

Hong Kong-listed shares of Kuaishou Technology (HK:1024) climbed more than 6% on Thursday after its spun-off artificial intelligence business, Kling AI, secured an initial $2 billion in venture capital funding to...

Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment

Meta Platforms (NASDAQ: META) CEO Mark Zuckerberg has acknowledged that the companys progress in developing artificial intelligence (AI) agents has been slower than expected, despite Metas aggressive investment in AI...

Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan

Kioxia is set to mark a major milestone on Friday with a ceremony at its manufacturing facility in northern Japan as the company prepares to begin mass production of its next-generation NAND flash memory chips. The move...

OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks

OpenAI has reportedly proposed granting the U.S. government a 5% ownership stake in the artificial intelligence company as it seeks to strengthen ties with Washington and address growing political scrutiny over the rapidly...