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

Become a contributor

Bookmark Econotimes

Business

Mon, Jun 22, 2026 10:01 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

ExxonMobil Challenges Colonial Pipeline's Fuel Shipping Overhaul

Mar 20, 2025 05:08 am UTC| Business

ExxonMobil (NYSE:XOM) has formally opposed Colonial Pipelines proposed fuel shipping changes, citing potential harm to shippers and consumers. The 5,500-mile pipeline, a crucial link between the U.S. Gulf Coast and East...

Chevron Pushes for More Time to Exit Venezuela Amid U.S. Deadline

Mar 20, 2025 05:08 am UTC| Business Politics

Chevron (NYSE: CVX) is lobbying U.S. officials to extend its deadline for winding down operations in Venezuela, according to the Wall Street Journal. The Biden administration recently set an early April cutoff, giving the...

Greenpeace Ordered to Pay $667M Over Dakota Access Pipeline Protests

Mar 20, 2025 05:08 am UTC| Business Law

A North Dakota jury has ruled that Greenpeace must pay Texas-based Energy Transfer (NYSE:ET) nearly $667 million in damages for its role in the 2016-2017 protests against the Dakota Access Pipeline. The verdict, reached...

Hino Motors Fined $1.6 Billion for Emissions Fraud in the U.S.

Mar 20, 2025 05:08 am UTC| Business Law

Hino Motors, a subsidiary of Toyota (NYSE: TM), pleaded guilty to a years-long emissions fraud scheme in the U.S. and was ordered to pay $1.6 billion in penalties, the U.S. Justice Department announced. A federal court in...

South Korea Imposes Stricter Property Rules to Curb Speculative Buying in Seoul

Mar 19, 2025 08:50 am UTC| Business Governance

South Korea is tightening real estate regulations in Seouls wealthiest districts to curb speculative transactions that have been driving up home prices. The government announced that starting Wednesday, apartment...

Tesla Under Attack: DOJ Cracks Down on Facility Violence Amid Musk Controversy

Mar 19, 2025 08:50 am UTC| Politics Business

U.S. Attorney General Pam Bondi condemned a surge of attacks on Tesla Inc. (NASDAQ: TSLA) facilities, labeling them as domestic terrorism. The Department of Justice (DOJ) has already charged multiple individuals, with some...

Purdue Pharma Unveils $7.4B Bankruptcy Plan to Settle Opioid Lawsuits

Mar 19, 2025 08:50 am UTC| Business Law

Purdue Pharma has filed a revised bankruptcy plan to finalize a $7.4 billion opioid settlement after the U.S. Supreme Court blocked its previous deal. The plan seeks to resolve lawsuits accusing the companys painkiller,...

501 502 503 504 505 506 507 508 509 510

Economy

100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth

More than 100 major global companies, including Nestlé, Uber, IKEA, Volvo Cars, Iberdrola, Levi Strauss, Nikon Corporation, and Mahindra Group, are urging governments to place electrification at the heart of their...

Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty

The U.S. dollar remained largely stable on Monday after the first round of diplomatic talks between the United States and Iran concluded with signs of progress, although lingering geopolitical risks continued to keep...

China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery

Chinas central bank left its benchmark lending rates unchanged in June, marking the 13th consecutive month without an adjustment and reinforcing expectations that policymakers are not rushing to introduce additional...

US Stock Futures Recover as Iran Signals Progress in Peace Talks

U.S. stock index futures pared earlier losses on Sunday night after Iran reported progress in ongoing peace negotiations held in Switzerland, easing investor concerns about escalating geopolitical tensions in the Middle...

Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook

Gold prices moved higher on Monday as investors closely followed developments in U.S.-Iran negotiations and evaluated the future direction of U.S. monetary policy after the Federal Reserves recent hawkish stance. Spot gold...

Politics

US Military Strike on Suspected Drug Trafficking Vessel Leaves Two Dead in Caribbean

The U.S. military has confirmed that it carried out a strike on a vessel in the Caribbean Sea, resulting in the deaths of two individuals whom officials described as male narco-terrorists. The operation, announced by U.S....

Taiwan Launches Five-Day Combat Readiness Drill Amid Rising China Military Activity

Taiwans military will begin a five-day combat readiness exercise this week as part of its broader military modernization strategy aimed at improving war preparedness and strengthening defense capabilities against growing...

Pedro Sanchez’s Wife Ordered to Stand Trial in Spain Corruption Case

Spanish Prime Minister Pedro Sanchezs wife, Begoña Gomez, has been ordered to stand trial on corruption-related charges and has been barred from leaving Spain, according to a ruling issued by Judge Juan Carlos...

Moscow Downs Dozens of Ukrainian Drones as Airports Halt Flights Amid Escalating Attacks

Russias capital, Moscow, came under a major drone attack early Monday, with air defense systems intercepting nearly 60 Ukrainian drones heading toward the city, according to Mayor Sergei Sobyanin. The incident briefly...

China Adds MP Materials, USA Rare Earth to Export Control List Amid Escalating U.S.-China Trade Tensions

China has expanded its export control measures by adding two major U.S. rare earth companies, MP Materials Corp (NYSE: MP) and USA Rare Earth Inc (NASDAQ: USAR), to its export control list, according to a notice issued by...

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

SK Hynix Overtakes Samsung as South Korea’s Most Valuable Company

SK Hynix briefly surpassed Samsung Electronics in market capitalization on Monday, marking a historic milestone in South Koreas corporate landscape. The AI-driven semiconductor boom has propelled the memory chip giant to...

US-Iran De-Escalation Shifts Washington’s Focus to AI Regulation and Crypto Legislation

A potential easing of tensions between the United States and Iran is redirecting Washingtons attention toward major technology policy initiatives and executive actions, according to a new report from Wolfe Research. The...

Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns

Googles newly introduced open-source liquid-cooling design for AI data centers is drawing attention across the data center infrastructure industry, with analysts suggesting it could accelerate the commoditization of...

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...