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

Become a contributor

Bookmark Econotimes

Technology

Sat, Jun 20, 2026 06:10 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Meta Eyes Massive Layoffs to Fund AI Ambitions

Mar 16, 2026 13:20 pm UTC| Business Technology

Meta Platforms is reportedly considering its largest workforce reduction since 2022, with potential cuts that could eliminate more than 20% of its nearly 79,000 employees. According to Reuters, top executives have already...

Zhipu AI Launches GLM-5-Turbo Model to Power Next-Gen AI Agent Workflows

Mar 16, 2026 04:31 am UTC| Business Technology

Shares of Hong Kong-listed Chinese artificial intelligence company Zhipu AI (HK:2513), formally known as Knowledge Atlas, surged as much as 16% to HK$615 following the launch of its newest large language model tailored for...

Hua Hong Group's 7nm Breakthrough Signals China's Growing Chip Independence

Mar 16, 2026 04:28 am UTC| Business Technology

Chinas Hua Hong Group is closing the gap in advanced semiconductor manufacturing, with its contract chipmaking subsidiary Huali Microelectronics preparing a 7-nanometer chipmaking process at its Shanghai facility. If...

Micron Technology Plans Second Taiwan Chip Facility to Meet AI Memory Demand

Mar 16, 2026 02:31 am UTC| Business Technology

U.S. memory chipmaker Micron Technology has announced plans to construct a second manufacturing facility in Taiwan, reinforcing its commitment to expanding production capacity amid rapidly growing artificial intelligence...

Nvidia GTC 2025: Jensen Huang Set to Unveil Next-Gen AI Chips and Strategy

Mar 16, 2026 01:44 am UTC| Business Technology

Jensen Huang is preparing to take center stage at Nvidias annual GTC developer conference, where the charismatic CEO is expected to unveil a sweeping roadmap designed to keep Nvidia ahead of a fast-moving pack of AI chip...

Global PC Market Faces 10% Decline in 2026 as AI PCs Surge

Mar 15, 2026 00:18 am UTC| Business Technology

The global personal computer market is heading into a rough patch in 2026, with Goldman Sachs forecasting a 10% year-on-year drop in shipments a steeper contraction than earlier projections suggested. Total global PC...

AI in Drug Development: How Pharma Is Cutting Costs and Accelerating Innovation

Mar 14, 2026 23:54 pm UTC| Business Technology

Artificial intelligence is quietly reshaping the pharmaceutical industry and the financial upside could be enormous. According to research firm Bernstein, widespread AI adoption across drug development pipelines could...

41 42 43 44 45 46 47 48 49 50

Economy

Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry

Canada has introduced a temporary 10% tariff on certain canned vegetable imports as part of efforts to protect domestic growers and food processing companies from increasing foreign competition. According to a statement...

Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth

Italy has emerged as one of the strongest-performing major economies in the Eurozone, driven largely by robust investment spending and government-backed stimulus programs, according to a recent UBS research report. Since...

Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge

Global oil prices stabilized on Friday, but Brent crude remained on track for a weekly decline of more than 8% as investors assessed the uncertain future of the U.S.-Iran peace agreement and ongoing geopolitical risks in...

Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets

Asian stock markets rallied on Friday, with Japan and South Korea reaching record highs as easing tensions in the Middle East and the reopening of the Strait of Hormuz pushed oil prices lower, reducing global inflation...

US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge

U.S. stock index futures edged lower on Thursday evening, giving back some gains after a strong Wall Street rally driven by optimism surrounding a new U.S.-Iran agreement and a powerful surge in semiconductor stocks....

Politics

U.S.-Iran Talks Resume in Switzerland as Lebanon Ceasefire Boosts Hopes for Lasting Deal

U.S. Special Envoy Steve Witkoff and Iranian Foreign Minister Abbas Araqchi are expected to travel to Switzerland for renewed diplomatic talks, signaling fresh momentum toward a broader U.S.-Iran agreement after a...

Bolivia Nears End to 50-Day Crisis After Government Reaches Deal With Workers

Bolivian President Rodrigo Paz has reached a key agreement with the Bolivian Workers Confederation (COB), marking a significant step toward ending a nationwide crisis that has disrupted the country for nearly 50 days. The...

Marco Rubio to Visit Gulf Nations for Key Middle East Talks

U.S. Secretary of State Marco Rubio is expected to travel to the Middle East next week, with planned visits to Kuwait, the United Arab Emirates (UAE), and Bahrain, according to a report from Axios citing multiple sources...

Trump Inspects Upgraded Qatar-Gifted Boeing 747 as Interim Air Force One Nears Service

President Donald Trump toured an upgraded Boeing 747 at Joint Base Andrews in Maryland on Friday as the aircraft moves closer to entering service as part of the Air Force One fleet. The luxury jet, originally gifted by...

Trump Says Anthropic No Longer Seen as National Security Threat

U.S. President Donald Trump said he no longer views artificial intelligence company Anthropic as a national security threat, marking a significant shift from his stance just a week earlier. The comments came during an...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race

John Jumper, the Google DeepMind researcher who shared the 2024 Nobel Prize in Chemistry for his groundbreaking work on the AlphaFold artificial intelligence system, has announced that he is leaving Google DeepMind to join...

Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks

Meta Platforms is reportedly lobbying U.S. lawmakers to include legal protections for social media companies in the proposed Kids Online Safety Act (KOSA), a move that could significantly impact thousands of lawsuits...

SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow

SpaceX (NASDAQ: SPCX) shares extended their pullback on Thursday after a remarkable post-IPO rally, as investors locked in profits and questioned the companys lofty valuation. The stock, which dropped nearly 10% earlier in...

US Raises Concerns Over Possible ASML EUV Machine Transfer to China

U.S. Commerce Secretary Howard Lutnick has reportedly raised concerns with Dutch semiconductor equipment giant ASML regarding the possible transfer of one of its advanced extreme ultraviolet (EUV) lithography machines to...

Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race

Noam Shazeer, a vice president of engineering at Google and one of the leaders behind the companys Gemini artificial intelligence models, has announced that he is leaving Google to join OpenAI, the creator of ChatGPT. The...