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

Become a contributor

Bookmark Econotimes

Business

Wed, Apr 08, 2026 08:40 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Novartis Closely Monitors U.S. Tariff Policy Amid Expansion Plans in Japan

Mar 17, 2025 09:52 am UTC| Business

Swiss pharmaceutical giant Novartis (SIX:NOVN) is keeping a close eye on the U.S. tariff policy proposed by the Biden administration, which could impose a 25% import duty on pharmaceuticals. Speaking in Tokyo, CEO Vas...

AstraZeneca Acquires EsoBiotec for $1B to Boost Cell Therapy Innovations

Mar 17, 2025 09:52 am UTC| Technology Business

AstraZeneca (NASDAQ:AZN) has announced plans to acquire biotechnology company EsoBiotec for up to $1 billion, aiming to advance its cell therapy capabilities, particularly for cancer and autoimmune treatments. The deal...

Forever 21 Files for Bankruptcy Again, Faces Possible Liquidation

Mar 17, 2025 09:52 am UTC| Business

Fast-fashion retailer Forever 21 has filed for Chapter 11 bankruptcy in the U.S. for the second time in six years, citing declining mall traffic and intense competition from e-commerce. The filing, made in Delaware, lists...

Li Auto Stock Drops Amid Disappointing Earnings and Weak Outlook

Mar 17, 2025 09:51 am UTC| Business

Li Auto (NASDAQ: LI, HK: 2015) shares tumbled on Monday after the Chinese EV maker reported weaker-than-expected earnings and issued a soft revenue forecast. The stock fell as much as 7% to HK$105.0 in Hong Kong,...

DOJ’s New Antitrust Chief Targets Cost-Cutting and Inflation Fight

Mar 17, 2025 04:05 am UTC| Politics Law Business

The U.S. Department of Justices newly appointed antitrust chief, Assistant Attorney General Gail Slater, is reviewing the divisions reliance on costly economic consultants as part of President Donald Trumps federal...

NAB CFO Nathan Goonan to Join Rival Westpac Amid Leadership Reshuffle

Mar 17, 2025 04:04 am UTC| Business

National Australia Bank (NAB) Chief Financial Officer Nathan Goonan will depart later this year to take on the same role at rival Westpac, the banks confirmed on Monday. Goonan, who became NABs CFO in July 2023, previously...

Ramelius to Acquire Spartan Resources in A$2.4B Deal to Form Mid-Tier Gold Giant

Mar 17, 2025 04:03 am UTC| Business

Australian gold miner Ramelius Resources Ltd (ASX: RMS) has announced plans to acquire Spartan Resources Ltd (ASX: SPR) in a A$2.4 billion ($1.5 billion) deal, creating a gold producer with a market capitalization of A$4.2...

441 442 443 444 445 446 447 448 449 450

Economy

RBI Holds Interest Rates Steady Amid Middle East Tensions and Global Uncertainty

The Reserve Bank of India (RBI) kept its benchmark interest rate unchanged at 5.25% during its latest policy meeting, a decision that aligned with market expectations. Governor Sanjay Malhotra acknowledged the resilience...

Xi Jinping Pushes Demand-Driven Strategy to Modernize China's Service Sector

Chinas President Xi Jinping has outlined a bold strategy to transform the countrys service industry, calling for a demand-led approach supported by structural reform and technological innovation. The directive was reported...

Trump Suspends Iran Strikes for Two Weeks as Ceasefire Talks Begin

President Donald Trump announced Tuesday evening that he would delay planned military strikes against Iran for two weeks, marking a significant diplomatic breakthrough after weeks of escalating tensions. The suspension...

U.S. Stock Futures Surge as Trump Postpones Iran Strikes, Ceasefire Hopes Rise

U.S. stock index futures climbed sharply on Tuesday evening as optimism grew over a potential end to the ongoing Middle East conflict. The rally followed President Donald Trumps announcement that planned military strikes...

Oil Prices Crash 15% as Trump and Iran Agree to Two-Week Ceasefire

Crude oil markets were thrown into a frenzy on Wednesday after U.S. President Donald Trump announced a two-week ceasefire with Iran, triggering one of the sharpest single-day oil price drops seen in recent memory. The...

Politics

Trump Announces U.S. Military Presence in Strait of Hormuz Following Iran Ceasefire Deal

President Donald Trump announced Wednesday that the United States will actively support the flow of maritime traffic through the Strait of Hormuz, one of the worlds most strategically critical waterways. Speaking publicly,...

U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market

American automobile manufacturers are raising alarms over what they describe as deliberate European Union barriers preventing some of their most iconic and best-selling pickup trucks from entering the European market....

ICE Officer-Involved Shooting in Northern California After Suspect Rams Vehicle

Immigration and Customs Enforcement officers shot and wounded a man in Patterson, California, on Tuesday after he allegedly attempted to use his car as a weapon against agents during an enforcement operation. ICE Acting...

Trump Claims "Total and Complete Victory" After U.S.-Iran Ceasefire Agreement

President Donald Trump declared a sweeping American victory on Tuesday following the announcement of a two-week ceasefire agreement with Iran, describing the outcome as a 100 percent win for the United States. Speaking...

World Reacts as Trump Issues Dire Warning to Iran Ahead of Surprise Ceasefire

Global leaders, lawmakers, and even members of Donald Trumps own Republican Party pushed back sharply after the U.S. president issued a sweeping threat suggesting an entire civilization could be destroyed unless Iran...

Science

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...

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...

Technology

U.S. Disrupts Russian Military Hackers' Global DNS Hijacking Network

The U.S. Justice Department has successfully executed a court-authorized operation to dismantle a DNS hijacking network tied to Russian military intelligence. The network was run by GRU Military Unit 26165, a cyber unit...

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...