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

Become a contributor

Bookmark Econotimes

Economy

Mon, Jan 12, 2026 02:03 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Amazon sues EU for allowing separate Italian probe over same issue

Jan 21, 2021 09:47 am UTC| Business Economy Technology Law

Amazon is suing to annul the European Commissions (EC) decision that allowed the Italian competition watchdog to pursue a separate case against it over the way it selects sellers. The US online retail giant took its...

LG Electronics will stop making smartphones in 2021: Report

Jan 21, 2021 09:11 am UTC| Business Economy

LG Electronics may be giving up its smartphone manufacturing business this year. This means that the company will be withdrawing from the mobile phone market and stop the production of the device. Although this was not...

Jack Ma finally emerged after months of ‘disappearance’ and sent Alibaba stocks soaring

Jan 21, 2021 08:07 am UTC| Business Economy

Jack Ma, the founder of Alibaba Group, a Chinese tech, and e-commerce company, made his very first public appearance after disappearing in the public eye in October 2020. The billionaire was said to have vanished after...

Chinese telecoms seeking reversal of the NYSE delisting as Joe Biden is sworn as the new US president

Jan 21, 2021 06:19 am UTC| Business Economy

Chinese telecommunication companies were delisted at the New York Stock Exchange this month as Donald Trumps executive order that was signed in November last year takes effect. The former POTUS wants them to remove them...

India's planned revision of foreign investment rule to hit Amazon, Walmart

Jan 20, 2021 13:56 pm UTC| Economy Business

India may revise its rule to prohibit foreign e-commerce companies like Amazon and Walmart-controlled Flipkart from offering goods from sellers from where they have an indirect stake. The revision could compel players...

Topshop, Dorothy Perkins owner Arcadia Group permanently closing dozens of stores and 700 employees are set to lose their jobs

Jan 20, 2021 10:27 am UTC| Business Economy

Topshop, Dorothy Perkins, and other fashion outlets owned by the Arcadia Group are facing permanent closure as the lockdown due to the COVID-19 pandemic badly hurt the company. It was revealed that the company decided to...

Goldman Sachs extinguishes Wall Street predictions on stock trading as its profit shoots up to more than double

Jan 20, 2021 06:11 am UTC| Business Economy

Goldman Sachs Group surprised the Wall Street analysts after their prediction for its stock trading was overshadowed by the actual figures for the companys fourth-quarter profit. The American multinational investment bank...

1941 1942 1943 1944 1945 1946 1947 1948 1949 1950

Economy

Global Smartphone Shipments Rise 2% in 2025 as Apple Leads Market, Outlook Weakens for 2026

Global smartphone shipments recorded a modest 2% year-on-year increase in 2025, signaling a gradual recovery for the mobile industry, according to a report released by Counterpoint Research. The growth was largely fueled...

Asian Currencies Hold Steady as Dollar Slips on Powell Investigation Concerns

Asian currencies traded mostly flat on Monday as the U.S. dollar weakened following news that the U.S. government had opened a criminal investigation involving Federal Reserve Chair Jerome Powell, raising fresh concerns...

Asian Stocks Edge Higher as Tech Shares Lead Gains Amid Global Uncertainty

Most Asian stock markets moved higher on Monday, led by gains in technology shares that followed a strong performance by U.S. peers, although overall advances remained limited due to rising geopolitical and macroeconomic...

Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure

Tensions between the White House and the U.S. Federal Reserve escalated sharply over the weekend after Federal Reserve Chair Jerome Powell revealed that the administration had allegedly threatened him with a criminal...

Japan Launches Deep-Sea Rare Earth Mining Mission to Reduce Reliance on China

Japan has taken a major step toward securing its supply of critical minerals by launching a groundbreaking deep-sea mining mission aimed at extracting rare earth elements from the ocean floor. A government-backed Japanese...

Politics

Marine Le Pen Appeal Puts 2027 French Presidential Race in the Balance

Marine Le Pen, the prominent leader of Frances far-right National Rally (RN), has begun a decisive appeal in Paris that could determine whether she is eligible to run in the 2027 French presidential election. The legal...

South Korea’s Lee Jae Myung Seeks Diplomatic Balance in Japan Summit Amid China Tensions

South Korean President Lee Jae Myung is set to hold a summit with Japanese Prime Minister Sanae Takaichi on Tuesday in Nara City, highlighting Seouls ongoing effort to balance relations with its two key neighbours, Japan...

Australian Arts Festival Faces Author Boycott Amid Free Speech and Antisemitism Debate

A leading Australian arts festival has been thrown into turmoil after dozens of writers withdrew in protest over the decision to bar an Australian Palestinian author following the Bondi Beach mass shooting, reigniting a...

Trump Signals Possible Veto of ACA Subsidy Extension, Raising Health Insurance Uncertainty

U.S. President Donald Trump has reignited uncertainty around the future of Affordable Care Act (ACA) health insurance subsidies after saying he may veto legislation aimed at extending federal health insurance tax credits....

South Korea Investigates Alleged Civilian Drone Flights Into North Korean Airspace

South Korean authorities have launched a formal investigation into the possibility that civilians may have flown drones into North Korean airspace, following accusations from Pyongyang that unmanned aircraft violated its...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

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...

Technology

BESI Reports Strong Q4-25 Orders Surge Driven by Data Center and Hybrid Bonding Demand

BE Semiconductor Industries N.V. (Euronext: BESI), a leading Dutch semiconductor assembly equipment manufacturer, reported robust preliminary orders for the fourth quarter of 2025, underscoring strengthening demand across...

Trump Considers Starlink to Restore Internet Access in Iran Amid Protests

U.S. President Donald Trump said on Sunday that he is considering discussions with billionaire entrepreneur Elon Musk about restoring internet access in Iran, where authorities have imposed widespread blackouts amid...

Anthropic Launches HIPAA-Compliant Healthcare Tools for Claude AI Amid Growing Competition

Anthropic has announced the launch of a new suite of healthcare-focused tools integrated into its Claude AI chatbot, marking another significant step in the rapidly expanding use of artificial intelligence in medicine. The...

Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny

Elon Musk announced on Saturday that X, the social media platform formerly known as Twitter, will publicly release its recommendation algorithm, including the full code behind organic content and advertising post...

China’s AI Sector Pushes to Close U.S. Tech Gap Amid Chipmaking Challenges

China is accelerating efforts to narrow its technological gap with the United States, driven by increased risk-taking, innovation, and strong policy support for artificial intelligence and semiconductors. Leading Chinese...