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

Become a contributor

Bookmark Econotimes

Economy

Fri, Jan 02, 2026 03:56 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

IKEA launches apartment rental in Japan for less than $1 per month

Nov 26, 2021 09:40 am UTC| Business Economy

IKEA, the Swedish furniture retailer that has branches around the world, is now a landlord after launching its apartment rental business in Tokyo, Japan. The surprising thing is that the company is only charging less than...

Lotte Group reshuffles top execs and appoints outsiders to chief posts

Nov 26, 2021 09:34 am UTC| Business Economy

Lotte Group recently reshuffled its personnel, and one of the new appointees was an outsider which means, he is not one of the companys employees. It was announced that the former vice president at Homeplus, a Korean...

Baidu secures approval to collect fees for rides, robotaxi business officially starts

Nov 26, 2021 07:39 am UTC| Business Economy

Baidu can now begin its robotaxi business after Beijing permitted it to collect fares from passengers. The Chinese multinational tech company revealed the developments in its robotaxi venture this week. Baidus approval...

KFC Singapore unleashes new BBQ Crunch Chicken covered in Frito Lay’s potato chips

Nov 26, 2021 06:54 am UTC| Business Economy

KFC Singapore launches its newest food item, and it offers more than just the finger-lickin good fried chicken that everyone is familiar with. The new BBQ Crunch Chicken is something to be excited about as it is a fried...

Samsung Biologics teams up with GreenLight Biosciences to provide COVID-19 vaccine to Africans

Nov 26, 2021 06:48 am UTC| Business Economy

Samsung Biologics signed a contract manufacturing organization (CMO) deal with GreenLight Biosciences to produce COVID-19 vaccines for poor nations, particularly in Africa. The South Korean pharma company revealed its new...

Korean Kimchi Day celebration in California attests to the rising popularity of dish

Nov 25, 2021 23:57 pm UTC| Life Business Economy

Some 200 people, including city officials, politicians, business leaders, and diplomats, gathered at the Korean consulate in Los Angeles to celebrate Californias first Korean Kimchi Day. The highlight of the festival...

Hyundai IONIQ 5 and Tucson to appear in major Spider-Man scenes

Nov 25, 2021 23:52 pm UTC| Life Economy Business

Hyundai Motor Co.s IONIQ 5 all-electric model and Tucson SUV will appear in major scenes such as dynamic stunts in Marvel films Spider-Man: No Way Home, coming to theaters on Dec. 15. The South Korean carmakers signed a...

1591 1592 1593 1594 1595 1596 1597 1598 1599 1600

Economy

Singapore GDP Growth Surges in 2025 but Outlook Remains Cautious Amid Global Trade Risks

Singapores economy delivered stronger-than-expected performance in late 2025, according to preliminary government data, although policymakers have warned that sustaining such momentum in 2026 will be challenging. Advance...

Citi Forecasts a Volatile but Ongoing Bull Market for S&P 500 in 2026

Citi expects the post-pandemic bull market in U.S. equities to extend into 2026, though investors should brace for increased volatility along the way. In its latest outlook, the Wall Street bank characterizes the market...

U.S. Dollar Starts 2026 Weak as Yen, Euro and Sterling Hold Firm Amid Rate Cut Expectations

The U.S. dollar began 2026 on a soft note, extending the weakness it showed throughout much of 2025, as currency markets continue to adjust to narrowing interest rate differentials between the United States and other major...

South Korea Factory Activity Returns to Growth in December on Export Rebound

South Koreas manufacturing sector returned to expansion territory in December, ending two consecutive months of contraction, as stronger export demand lifted business conditions and boosted confidence among manufacturers,...

China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry

China will impose an additional 55% tariff on beef imports that exceed newly set quota levels starting January 1, 2026, as part of safeguard measures aimed at protecting its domestic cattle industry. The policy will apply...

Politics

Xi Jinping to Host South Korean President Lee Jae Myung as China Seeks to Strengthen Seoul Ties

Chinese President Xi Jinping is set to host South Korean President Lee Jae Myung on a state visit beginning Sunday, highlighting Beijings strategic push to strengthen relations with Seoul amid heightened regional tensions...

Russia and Ukraine Trade Accusations Over New Year Attacks as Peace Talks Intensify

Russia and Ukraine accused each other of targeting civilians during New Year attacks, as the nearly four-year-old war continues amid renewed diplomatic efforts led by U.S. President Donald Trump. The latest exchange of...

Venezuela Frees More Detainees After 2024 Election Protests Amid Rising U.S. Pressure

Venezuelas government has released 88 additional people who were detained following protests that erupted after the countrys disputed July 2024 presidential election, marking the second large-scale release of detainees in...

Bolsonaro Discharged From Hospital and Transferred to Prison After Medical Treatment

Former Brazilian President Jair Bolsonaro was discharged from a hospital in Brasília on Thursday and transferred back into custody to continue serving his prison sentence, according to local media and Reuters...

Zohran Mamdani Sworn In as New York City Mayor in Historic New Year Ceremony

Zohran Mamdani was sworn in as the new mayor of New York City just minutes into the New Year, marking the beginning of a historic and closely watched administration. The midnight oath-taking took place at the long-closed...

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

Starlink Plans Satellite Orbit Reconfiguration in 2026 to Boost Space Safety

SpaceXs Starlink is preparing a major reconfiguration of its satellite constellation in an effort to improve space safety and reduce the risk of orbital collisions. According to Michael Nicolls, SpaceXs vice president of...

Samsung Signals Comeback With HBM4 Chips as AI Market Heats Up

Samsung Electronics is signaling a strong comeback in the high-bandwidth memory (HBM) market, as customers praise the competitiveness of its next-generation HBM4 chips. In a New Year address, co-CEO and head of the...

Google Accelerates AI Infrastructure With Ironwood TPU Expansion in 2026

Google (NASDAQ: GOOGL) is preparing for a major expansion of its AI infrastructure in 2026 as it moves its seventh-generation Tensor Processing Unit (TPU), known as Ironwood, into mass deployment. This next phase marks a...

Trump Administration Lifts Sanctions on Three Intellexa-Linked Executives

The administration of President Donald Trump has lifted U.S. sanctions on three executives previously linked to the controversial spyware consortium Intellexa, according to a notice published on the U.S. Treasury...

Neuralink Plans Automated Brain Implant Surgeries and Mass Production by 2026

Elon Musks brain-computer interface startup Neuralink is preparing for a major expansion, with plans to begin high-volume production of its brain implant devices and transition to fully automated surgical procedures in...