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

Become a contributor

Bookmark Econotimes

Economy

Tue, Dec 30, 2025 02:18 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

McDonald’s launches Speedee Labs in its HQ, to relocate innovation jobs at the facility

Sep 21, 2022 07:32 am UTC| Business Economy

McDonalds Corporation announced its plans to open a new facility called the Speedee Labs, and it will be set up inside its global headquarters in Chicago. The move is said to be part of the companys decision to relocate...

PayPal to cancel Phoenix Suns patch deal if owner doesn’t sell team

Sep 21, 2022 05:27 am UTC| Sports Economy Business

PayPal threatened to cancel its contract with the National Basketball Associations (NBA) Phoenix Suns if Robert Sarver does not sell the team. The Silicon Valley-based payments solutions firm became the Suns first...

Atlanta Hawks star Trae Young debuts second signature Adidas shoe

Sep 20, 2022 23:17 pm UTC| Sports Economy Business

Atlanta Hawks star Trae Young finally debuted his second signature basketball shoe, the Adidas Trae Young 2, by sharing pictures on social media on his 24th birthday. There have been leaked images of Youngs second...

Shell to put up Adidas, Starbucks, McDonald’s, Jollibee stores at Philippine gas stations

Sep 20, 2022 23:17 pm UTC| Life Economy Business

Pilipinas Shell Petroleum Corp. plans to put up retail shops and restaurants such as Jollibee, McDonalds, Starbucks, and Adidas in 550 of its 1,300 to 1,400 gasoline refilling stations by 2025. The move could drive...

Nike collaborates with Ant Group to recycle shoes

Sep 20, 2022 23:17 pm UTC| Sports Nature Economy Business

Nike has joined Ant Groups Green Energy Initiative and launched an official Alipay program to encourage more consumers to recycle worn-out shoes. Chinese consumers can search the mini program Recycle-A-Shoe in the...

Japanese, Australian firms collaborate on world's tallest timber tower

Sep 20, 2022 23:16 pm UTC| Life Economy Business Nature

Japanese and Australian construction firms have started work on a 39-story skyscraper in central Sydney set to be the worlds tallest hybrid-timber building. Tokyo-based Obayashi Corp and Sydney-based Built Pty Ltd are...

S. Korean food retail chains face losses amid intensifying price war

Sep 20, 2022 23:12 pm UTC| Life Economy Business

Concerns are growing over the financial soundness of South Korean retailers such as Lotte Mart and E-mart, as they are engaged in an intensifying price war to attract frugal consumers. Lotte Mart saw a 10 billion won...

1201 1202 1203 1204 1205 1206 1207 1208 1209 1210

Economy

European Markets Mixed as Pound Weakens and Major Corporate Deals Emerge

European financial markets opened the week on a cautious note as investors returned after the long Christmas holiday weekend. British stocks were largely flat at Mondays open, while the pound sterling weakened against the...

Silver Prices Hit Record Highs: How Silver Is Traded and Why Demand Is Surging

Silver prices surged past $80 an ounce for the first time on Monday, driven by a powerful combination of industrial demand, investor interest, persistent supply shortages, and momentum-based trading. The rally briefly...

Gold Prices Ease After Record Highs as Dollar Firms, Broader Bullish Outlook Intact

Gold prices edged lower on Monday after reaching record highs in the previous session, as some investors opted to lock in profits and the U.S. dollar strengthened modestly. Despite the pullback, gold continues to draw...

China to Cut Import Tariffs on Key Commodities and Medical Products From Next Year

China has announced a new round of tariff adjustments set to take effect next year, signaling continued efforts to support domestic industries, enhance supply chains, and promote economic stability. According to a...

European Defense Stocks Slide as Trump Signals Progress in Ukraine-Russia Peace Talks

European defense stocks moved lower on Monday after comments from U.S. President Donald Trump suggested renewed momentum in peace negotiations between Ukraine and Russia, dampening near-term expectations for sustained...

Politics

Russia Accuses Ukraine of Drone Plot Against Putin as Peace Talks Face New Strain

Russia and Ukraine exchanged sharp accusations on Monday after Moscow claimed that Ukraine attempted to attack President Vladimir Putins residence with drones, an allegation Kyiv firmly rejected as false and provocative....

China Conducts Largest-Ever Live-Fire War Games Around Taiwan Amid Rising Cross-Strait Tensions

China has launched 10 hours of live-firing military exercises around Taiwan, marking the second day of what Beijing describes as its largest-ever war games encircling the island. The drills, carried out under the Eastern...

Bukele Signals Willingness to Extend Power as El Salvador’s Term Limits Are Scrapped

El Salvadors President Nayib Bukele has again fueled debate over democracy and constitutional order after stating he would be open to remaining in power for another decade. Bukele, who first took office in 2019 and is...

Lavrov Says Russia Holds Strategic Initiative in Ukraine as Settlement Talks Continue

Russian Foreign Minister Sergei Lavrov has stated that Russia maintains the strategic initiative in Ukraine, emphasizing that Western nations must accept the current battlefield realities as discussions on a potential...

Trump and Netanyahu Diverge on West Bank Policy Amid Rising Tensions

U.S. President Donald Trump acknowledged that he and Israeli Prime Minister Benjamin Netanyahu do not fully agree on the future of the Israeli-occupied West Bank, highlighting ongoing divisions over one of the most...

Science

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...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

China’s LandSpace Takes Aim at SpaceX With Reusable Rocket Ambitions

Chinas private rocket startup LandSpace is rapidly emerging as a key challenger in the global commercial space race, openly drawing inspiration from Elon Musks SpaceX while reshaping Chinas traditionally state-led space...

China Proposes Stricter Rules for AI Services Offering Emotional Interaction

Chinas top internet regulator has released draft regulations aimed at tightening oversight of artificial intelligence services that simulate human personalities and engage users emotionally, signaling a stronger push to...

Nvidia and Groq Strike Strategic AI Inference Licensing Deal

Reports earlier this week suggested that Nvidia (NASDAQ: NVDA) had agreed to acquire AI chip startup Groq in a $20 billion all-cash transaction. However, updated details clarify that the arrangement is not a traditional...

TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards

Several leading Japanese semiconductor equipment manufacturers have been recognized with 2025 Supplier Awards from Taiwan Semiconductor Manufacturing Company (TSMC), highlighting their growing importance in the global chip...

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...