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

Become a contributor

Bookmark Econotimes

Economy

Thu, Jan 08, 2026 08:58 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Int'l tax rules may cover Samsung, SK hynix

Jul 03, 2021 23:26 pm UTC| Economy Law

South Korean chipmakers Samsung Electronics Co. and SK hynix Inc. may have to pay global minimum corporate tax of at least 15 percent to foreign countries where they earn profits under a new global taxation...

America’s Roundup: Dollar falls after U.S. nonfarm payrolls data, Wall Street gains,Gold gains, Oil steady, traders on sidelines as OPEC+ talks drag on-July 3rd,2021

Jul 03, 2021 01:57 am UTC| Market Roundups Economy

Market Roundup US June Unemployment Rate 5.9%,5.7% forecast, 5.8% previous US June Average Hourly Earnings (YoY) (YoY) 3.6%, 3.7%,2.0% previous US June U6 Unemployment Rate 9.8%,10.2% previous US June...

Samsung Heavy receives DNV GL's approval for fuel cell-powered LNG carrier design

Jul 02, 2021 23:46 pm UTC| Economy Business

Samsung Heavy Industries Co. received approval in principle for its design of the worlds first fuel-cell propelled LNG carrier from Norwegian-German ship quality assurance society DNV GL. The South Korean shipbuilder...

S. Korea to expand tax incentives, ease regulations for chipmakers

Jul 02, 2021 23:43 pm UTC| Economy Business

South Korea will offer more tax incentives and lift more regulations for chipmakers to achieve its vision of becoming a global powerhouse in memory and non-memory chips. The country is also investing in research and...

US Supreme Court lets California anti-farm animal cruelty law to remain in effect

Jul 02, 2021 23:31 pm UTC| Economy Law

The US Supreme Court declined to take up an appeal against Proposition 12, a provision in a California law mandating humane confinement conditions for agricultural chickens, sows, and other animals. Consequently, the...

Coca-Cola Great Britain to stop using virgin plastic in on-the-go bottles

Jul 02, 2021 23:26 pm UTC| Economy Nature Business

Coca-Cola Great Britain has transitioned to 100 percent recycled plastic for all its on-the-go bottles, which involve those 500ml or less. The transition covers the companys entire brand portfolio, including Coca-Cola...

Hyundai, Kia push US sales up 44% in June

Jul 02, 2021 23:21 pm UTC| Economy Business

Hyundai Motor Co. and its affiliate Kia Corp. combined for sales of 140,951 vehicles in the US in June, a 44 percent increase from 98,005 units from a year earlier on robust demand for their SUVs. Hyundais sales jumped...

1781 1782 1783 1784 1785 1786 1787 1788 1789 1790

Economy

Japanese Chemical Stocks Slide as China Launches Anti-Dumping Probe into Chipmaking Material

Shares of major Japanese chemical manufacturers declined sharply on Thursday after China announced the launch of an anti-dumping investigation into imports of dichlorosilane, a critical material used in semiconductor and...

Trump Proposes $1.5 Trillion U.S. Military Budget for 2027, Fueling Defense Stock Rally and Fiscal Concerns

President Donald Trump said Wednesday that he wants the 2027 U.S. military budget to reach $1.5 trillion, a dramatic increase from the $901 billion defense budget approved by Congress for 2026. The proposal immediately...

Asian Currencies Trade Mixed as Dollar Firms Ahead of Key U.S. Jobs Data

Asian currencies traded in a narrow, mostly weaker range on Thursday as the U.S. dollar found modest support ahead of a closely watched U.S. labor market report due later this week. Investors across the foreign exchange...

Asian Stock Markets Slip as Wall Street Weakness Weighs, South Korea Hits Record on Samsung Rally

Most Asian stock markets moved lower on Thursday, tracking a weaker overnight close on Wall Street, as investors engaged in profit-taking after recent global equity record highs. However, South Korean equities stood out,...

RBA Deputy Governor Says November Inflation Slowdown Helpful but Still Above Target

A senior official at the Reserve Bank of Australia (RBA) has said the recent slowdown in consumer price inflation is a positive development, but stressed that inflation remains uncomfortably high and above the central...

Politics

Steny Hoyer Announces Retirement, Ending Historic Career in U.S. House

Democratic Congressman Steny Hoyer has announced that he will not seek reelection, bringing an end to a distinguished career in the U.S. House of Representatives that has spanned more than four decades. The Washington Post...

Trump to Attend World Economic Forum in Davos with Senior U.S. Officials

U.S. President Donald Trump is set to attend the 2026 World Economic Forum (WEF) in Davos, Switzerland, marking his first in-person appearance at the annual global gathering since returning to the White House for a second...

Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks

U.S. oil major Chevron is reportedly in discussions with the U.S. government to expand a crucial license that would allow it to increase crude oil exports from Venezuela, according to sources close to the negotiations. The...

U.S. DOT Withholds $160 Million From California Over Commercial Driver’s License Dispute

The U.S. Department of Transportation (USDOT) announced it is withholding $160 million in federal transportation funding from California, citing the states failure to cancel more than 17,000 improperly issued commercial...

Trump Administration Eyes Control of Venezuela’s Oil Industry to Push Prices Toward $50 a Barrel

The Trump administration is reportedly developing a far-reaching plan to exert long-term influence over Venezuelas oil industry, with the strategic goal of lowering global crude prices to around $50 per barrel, according...

Science

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

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

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...

Technology

SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally

Shares of South Korean memory chip giant SK Hynix surged to a fresh all-time high on Thursday, reflecting growing investor optimism around booming demand for artificial intelligence (AI) memory products and a strengthening...

OpenAI Sets $50 Billion Stock Grant Pool, Boosting Employee Equity and Valuation Outlook

OpenAI has reportedly established a massive $50 billion employee stock grant pool, a move that underscores the companys aggressive strategy to attract, retain, and reward top talent as it continues to scale its artificial...

Ford Targets Level 3 Autonomous Driving by 2028 with New EV Platform and AI Innovations

Ford Motor Company has announced plans to bring Level 3 driver-assistance technology to market by 2028, marking a significant step toward hands-free and eyes-off driving on select highways. The advanced system will allow...

Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom

Samsung Electronics Co Ltd (KS:005930) surprised markets by forecasting a stronger-than-expected fourth-quarter operating profit, driven by surging global demand for memory chips fueled by artificial intelligence. The...

FCC Exempts Select Foreign-Made Drones From U.S. Import Ban Until 2026

The U.S. Federal Communications Commission (FCC) announced on Wednesday that it will exempt certain foreign-made drones and critical drone components from a broad import ban that was adopted in December, easing concerns...