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

Become a contributor

Bookmark Econotimes

Business

Sun, Jun 21, 2026 03:24 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Baidu and Uber Join Forces to Launch Global Robotaxi Fleet

Jul 16, 2025 05:34 am UTC| Business

Baidus shares surged after announcing a strategic partnership with Uber to roll out autonomous robotaxis worldwide. On Wednesday, Baidu Inc. (HK:9888) rose as much as 4% to HK$92.10 in Hong Kong before settling near...

BHP Says Green Iron Production Too Costly in Australia Despite China Pact

Jul 16, 2025 05:17 am UTC| Business

BHP, the worlds largest miner, has cast doubt on Australias ambitions to build a green iron industry, saying production costs are prohibitively high. The statement comes just after Australia and China agreed to collaborate...

Peter Thiel Acquires 9.1% Stake in BitMine Amid Ethereum Investment Surge

Jul 16, 2025 04:49 am UTC| Business Digital Currency

Billionaire venture capitalist Peter Thiel has taken a notable 9.1% stake in BitMine Immersion Technologies Inc (NASDAQ:IMMR), a crypto-mining and digital asset treasury firm, according to a regulatory filing dated July 8....

Nvidia CEO Praises Chinese AI Firms as H20 Chip Sales Resume Amid U.S.-China Tech Talks

Jul 16, 2025 04:46 am UTC| Technology Business

Nvidia CEO Jensen Huang commended Chinese AI leaders Deepseek, Alibaba (NYSE:BABA), and Tencent as world class at the China International Supply Chain Expo in Beijing, emphasizing AIs transformative impact on global...

Rio Tinto Reports Best Q2 Iron Ore Output Since 2018 Amid CEO Transition

Jul 16, 2025 01:55 am UTC| Business

Rio Tinto (NYSE:RIO) posted its strongest second-quarter iron ore production since 2018, delivering a positive signal just as newly appointed CEO Simon Trott prepares to take the helm. Trott, 50, previously led the...

Aura Minerals to Raise $196M in U.S. IPO to Fund Growth Initiatives

Jul 16, 2025 01:49 am UTC| Business

Canadian mining company Aura Minerals is set to raise approximately $196.4 million through its U.S. initial public offering (IPO), as it prepares to list shares on the Nasdaq. The company plans to sell 8.1 million shares...

Trump Touts $90B AI and Energy Investments at Pittsburgh Summit

Jul 16, 2025 01:44 am UTC| Politics Technology Business

President Donald Trump joined top tech and energy executives at the Energy and Innovation Summit in Pittsburgh on Tuesday, highlighting $90 billion in AI and energy investments aimed at cementing U.S. leadership in...

341 342 343 344 345 346 347 348 349 350

Economy

China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says

Chinas economy continued to show a sharp divide in May, with a booming artificial intelligence (AI)-driven manufacturing sector helping sustain growth while domestic demand remained weak, according to a recent research...

Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire

U.S. President Donald Trump announced Saturday that no tolls will be charged for ships passing through the Strait of Hormuz during the proposed 60-day interim ceasefire period with Iran. Trump also stated that no fees...

Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed

Russian stocks closed flat on Saturday, with the MOEX Russia Index ending unchanged at 0.00% and touching a fresh 52-week low during trading. The lack of movement across the market reflected cautious investor sentiment,...

Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge

Global oil prices stabilized on Friday, but Brent crude remained on track for a weekly decline of more than 8% as investors assessed the uncertain future of the U.S.-Iran peace agreement and ongoing geopolitical risks in...

Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets

Asian stock markets rallied on Friday, with Japan and South Korea reaching record highs as easing tensions in the Middle East and the reopening of the Strait of Hormuz pushed oil prices lower, reducing global inflation...

Politics

Andy Burnham Leadership Speculation May Boost FTSE 100 as Gilt Yields Rise

Andy Burnhams recent victory in the Makerfield by-election has sparked speculation about a potential future challenge to U.K. Prime Minister Keir Starmer, raising questions about the outlook for U.K. government bonds, gilt...

US Military Says Strait of Hormuz Remains Open Despite Iran Closure Claim

The U.S. military has rejected Irans claim that the Strait of Hormuz has been closed, emphasizing that one of the worlds most important oil shipping routes remains fully operational. Speaking to Reuters on Saturday, U.S....

Keir Starmer Faces Growing Pressure as Reports Suggest Possible Resignation

British Prime Minister Keir Starmer is facing mounting political pressure after reports emerged that he could announce plans to step down, although government officials insist he remains focused on leading the country....

Gaza Death Toll Rises as Israeli Strikes Kill Nine Amid Ceasefire Stalemate

At least nine Palestinians, including a child, were killed in separate Israeli strikes and shootings across the Gaza Strip on Saturday, according to local health officials, highlighting the continued violence despite an...

Zelenskiy Returns Polish Honor as WWII History Dispute Strains Ukraine-Poland Relations

Ukrainian President Volodymyr Zelenskiy has returned Polands highest state honor, the Order of the White Eagle, after Polish President Karol Nawrocki revoked the award over a growing dispute surrounding World War II...

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

John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race

John Jumper, the Google DeepMind researcher who shared the 2024 Nobel Prize in Chemistry for his groundbreaking work on the AlphaFold artificial intelligence system, has announced that he is leaving Google DeepMind to join...

Trump Says Anthropic No Longer Seen as National Security Threat

U.S. President Donald Trump said he no longer views artificial intelligence company Anthropic as a national security threat, marking a significant shift from his stance just a week earlier. The comments came during an...

Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks

Meta Platforms is reportedly lobbying U.S. lawmakers to include legal protections for social media companies in the proposed Kids Online Safety Act (KOSA), a move that could significantly impact thousands of lawsuits...

SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow

SpaceX (NASDAQ: SPCX) shares extended their pullback on Thursday after a remarkable post-IPO rally, as investors locked in profits and questioned the companys lofty valuation. The stock, which dropped nearly 10% earlier in...

US Raises Concerns Over Possible ASML EUV Machine Transfer to China

U.S. Commerce Secretary Howard Lutnick has reportedly raised concerns with Dutch semiconductor equipment giant ASML regarding the possible transfer of one of its advanced extreme ultraviolet (EUV) lithography machines to...