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

Become a contributor

Bookmark Econotimes

Economy

Tue, Dec 30, 2025 04:02 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

SK hynix to build a new M15X Fab chip plant in Cheongju

Sep 07, 2022 08:29 am UTC| Business Economy

SK hynix is set to start the construction of its newest chip production plant in Cheongju, Chungcheongbuk-do. The company is building the M15X extension in the said region to prepare for its future growth, and this was...

Ex-Georgia PM blames Credit Suisse unit in Singapore case for $1.27 billion losses

Sep 06, 2022 23:14 pm UTC| Law Economy Business Investing

Ex-Georgia prime minister Bidzina Ivanishvili blamed Credit Suisse Trust Ltd in Singapore for failing to take steps to prevent him from losing $1.27 billion. His losses were traced back to Patrice Lescaudron, a former...

Volkswagen to float Porsche for IPO

Sep 06, 2022 23:03 pm UTC| Business Economy

Volkswagen published an intention to float the sports car brand Porsche for an initial public offering, which could become one of the worlds largest listings amid record inflation. The IPO is eyed for late September or...

Amazon mulls entrance to Japanese prescription drug market

Sep 06, 2022 10:04 am UTC| Business Economy

Amazon is reportedly mulling on expanding its business in Japan and entering the prescription drug market there. The e-commerce and tech firm is said to be planning to team up with small to mid-sized pharmacies for the...

Instagram fined by Ireland’s data privacy regulator over children's data

Sep 06, 2022 09:38 am UTC| Business Economy

Instagram was slapped with a 405 million or $402 million fine over childrens data privacy violations. The data privacy regulator in Ireland agreed to impose a record fine against the social media platform after an...

Cryptocurrency: Netflix reportedly bars crypto ads on its ad-based streaming subscription

Sep 06, 2022 09:26 am UTC| Business Economy

Netflix previously announced it would be launching a new subscription option so users can enjoy the service at cheaper rates. However, this is an ad-supported tier, so subscribers who will opt for this can expect...

CVS to acquire Signify Health for $8B

Sep 06, 2022 09:01 am UTC| Business Economy

CVS Health Corp. announced on Monday, Sept. 5, that it will buy Signify Health home healthcare service company for $8 billion. The acquisition is expected to push the company to become one of the largest healthcare...

1211 1212 1213 1214 1215 1216 1217 1218 1219 1220

Economy

Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment

Asian stock markets edged lower on Tuesday, tracking losses on Wall Street as a pullback in technology shares dampened investor sentiment. Market liquidity remained thin due to a holiday-shortened trading week,...

South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty

South Koreas factory output showed weaker-than-expected performance in November, highlighting continued uncertainty in the countrys industrial sector as global demand remains uneven. According to official data released...

Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns

Oil prices edged lower in early Tuesday trading after posting gains of more than 2% in the previous session, as commodity markets reacted to weakness in precious metals while remaining sensitive to escalating geopolitical...

U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions

The U.S. dollar traded steadily on Tuesday as investors awaited the Federal Reserves release of its December meeting minutes, which are widely expected to reveal internal divisions over the future path of monetary policy....

U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade

U.S. stock index futures were little changed on Monday evening, reflecting cautious sentiment after Wall Street closed lower amid losses in major technology stocks. With markets entering another holiday-shortened trading...

Politics

Boeing Secures $8.6 Billion Pentagon Contract for F-15 Jets for Israel

Boeing has been awarded an $8.6 billion defense contract by the United States Department of Defense for the F-15 Israel Program, marking one of the most significant recent foreign military sales agreements between...

U.S. Government Agrees to Review Frozen NIH Diversity Research Grants After Legal Challenge

The Trump administration has reached an agreement with researchers and Democratic-led states who filed a lawsuit over cuts to diversity-related research funding at the National Institutes of Health (NIH). The deal,...

Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy

Lockheed Martin Rotary and Mission Systems has received a $92.8 million contract modification from the U.S. Naval Sea Systems Command to provide ongoing AEGIS system sustainment services for allied navies in the...

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...

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

Applied Digital Stock Rises on AI Cloud Spinoff Plan and ChronoScale Launch

Applied Digital (NASDAQ: APLD) shares climbed about 1.2% in after-hours trading on Monday after the company announced a proposed business combination designed to spin off its cloud computing operations into a new,...

Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms

Meta has announced that it will acquire Manus, a Chinese artificial intelligence startup, marking another significant step in the companys aggressive push to expand its AI capabilities across both consumer and business...

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...