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

Become a contributor

Bookmark Econotimes

Business

Thu, Aug 13, 2026 01:36 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Oil Prices Fluctuate Near Seven-Month Low Amid Global Market Selloff and Middle East Tensions

Aug 05, 2024 08:15 am UTC| Business Economy

Oil prices fluctuated near a seven-month low as global market selloffs offset rising Middle East tensions. Brent futures traded around $77 per barrel, while West Texas Intermediate held at $74 amid fears of a delayed...

NVIDIA GeForce RTX 4070 to Feature GDDR6 Memory Amid GDDR6X Shortage

Aug 05, 2024 08:09 am UTC| Business Technology

NVIDIA is developing a new GeForce RTX 4070 SKU with GDDR6 memory to address the GDDR6X shortage. The transition may affect gaming performance and pricing, with the latest models expected to be slightly cheaper than...

JJ Watt Teams with Culver’s for Exclusive New Meal: JJ’s Way

Aug 05, 2024 08:02 am UTC| Business Life

Culvers and former NFL star JJ Watt have teamed up to launch the JJs Way Meal, available August 5. This special meal includes a Culvers Deluxe, Wisconsin Cheese Curds, root beer, and a Turtle Sundae, with proceeds...

Woodside Energy Acquires $2.35 Billion Texas Ammonia Plant from OCI Global

Aug 05, 2024 07:55 am UTC| Business Life

Woodside Energy announced it will purchase an under-construction ammonia plant in Texas from OCI Global for $2.35 billion, advancing its strategy to expand environmentally friendly assets. The plant, expected to begin...

Nikkei Plummets into Bear Market as Investor Confidence Erodes Amid Global Tensions

Aug 05, 2024 07:50 am UTC| Business Technology

Investor confidence, already shaken by a strong yen, higher interest rates, and Middle East tensions, worsened with weak US employment data, pushing Japans equity market into its third consecutive day of decline. The...

Elon Musk Predicts Neuralink-Enhanced Gamers to Outperform Pros Within Two Years

Aug 05, 2024 02:55 am UTC| Technology Business

Elon Musk predicts that Neuralink implants will enable users to outperform professional gamers within two years, thanks to enhanced reaction times. Neuralinks initial focus remains on repairing neuron damage, but plans...

OpenAI Debates Watermarking ChatGPT Amid User Backlash Concerns

Aug 05, 2024 02:47 am UTC| Technology Business

OpenAI has developed a watermarking system for ChatGPT to detect AI-generated text, but internal disagreements and user backlash concerns delay its implementation. OpenAIs Year-Old Watermarking Tool Faces Internal...

1011 1012 1013 1014 1015 1016 1017 1018 1019 1020

Economy

UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity

Britains economy recorded stronger-than-expected growth in June 2026, supported by easing concerns over the Iran war, the mens soccer World Cup and hot weather, according to official figures released Thursday. UK gross...

US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge

The U.S. dollar remained steady on Thursday as investors assessed the Federal Reserves interest rate outlook following U.S. inflation data that matched expectations. Meanwhile, elevated oil prices and renewed U.S.-Iran...

European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears

European stocks moved higher on Thursday as investors welcomed an in-line U.S. inflation report that reduced expectations for another Federal Reserve interest rate hike in September. The pan-European Stoxx Europe 600 Index...

Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build

Japans government is reportedly supportive of an earlier interest rate hike by the Bank of Japan (BOJ), with policymakers potentially moving as soon as September or October as inflationary pressures intensify. Bloomberg...

Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data

Most Asian currencies traded in a narrow range on Thursday as investors assessed the Federal Reserves interest rate outlook following U.S. inflation data that largely matched market expectations. The U.S. Dollar Index was...

Politics

Iran Eyes New Development Bank Membership as BRICS Pushes Local Currency Trade

Iran is expected to join the New Development Bank (NDB), the multilateral lender established by BRICS nations, as Tehran seeks stronger financial ties with emerging economies and alternative channels outside the U.S....

Nigel Farage Faces Count Binface in Clacton Election Test

Voters in Clacton headed to the polls on Thursday in an unusual local English election that pits Reform UK leader Nigel Farage against more than 30 challengers, including comedian Count Binface. The election comes after...

Putin Visits Japan-Claimed Iturup Island, Drawing Strong Protest From Tokyo

Russian President Vladimir Putin visited Iturup, a disputed island claimed by Japan, on Thursday, prompting a strong protest from Tokyo as tensions remain elevated across Northeast Asia. Iturup, known as Etorofu in Japan,...

Meloni Loses Ground Among Young Italian Voters Ahead of 2027 Election

Italian Prime Minister Giorgia Meloni is losing support among young voters, potentially creating a major challenge for her right-wing coalition ahead of Italys 2027 national election. Polling by Youtrend shows Melonis...

US, Colombia Weigh Joint Strikes on Armed Groups in Expanded Anti-Drug Campaign

U.S. Defense Secretary Pete Hegseth has raised the possibility of joint U.S.-Colombia military strikes against armed groups as Washington expands its counter-narcotics campaign across Latin America. Speaking Wednesday at...

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

Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy

Google co-founder Sergey Brin has stepped up efforts to accelerate development of the companys Gemini AI models as Alphabet battles OpenAI and Anthropic for leadership in artificial intelligence. Brin has reportedly urged...

Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth

Lenovo Group reported record first-quarter revenue as booming demand for artificial intelligence infrastructure and AI-enabled devices fueled strong growth across its major businesses, pushing its Hong Kong-listed shares...

Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges

Cisco Systems has issued a stronger-than-expected fiscal 2027 outlook, fueled by rising demand for networking equipment and artificial intelligence infrastructure from hyperscale customers. The networking technology giant...

Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook

Super Micro Computer (NASDAQ: SMCI) shares surged about 19% on Wednesday after the AI server maker issued fiscal 2027 guidance that significantly exceeded Wall Street expectations, easing concerns following its softer...

SpaceX Shares Surge as Wall Street Backs AI Growth Potential

SpaceX shares jumped 11% after Morgan Stanley highlighted the companys growing artificial intelligence business, fueling investor optimism around its expanding enterprise software strategy and upcoming Grok 4.7 AI model....