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

Become a contributor

Bookmark Econotimes

Business

Thu, Aug 20, 2026 05:26 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Burger King launches plant-based Impossible Whopper in Canada following successful US debut

Mar 25, 2021 23:45 pm UTC| Business

Burger King is now offering its Impossible Whopper burger in select restaurants in Ontario, Canada before rolling out the meat-free sandwich to all of its outlets nationwide. The debut follows the roaring success of its...

Samsung says nothing yet determined in building Indian network equipment plant

Mar 25, 2021 23:38 pm UTC| Business

Samsung Electronics Co. denied media reports that it is pursuing to build a 4G and 5G network equipment plant in Uttar Pradesh, saying that nothing has yet been determined. According to foreign media, Samsung applied...

Kona EV owners accuse Hyundai of mishandling battery fire-triggered recall

Mar 25, 2021 23:34 pm UTC| Business

Hyundai Kona electric vehicle owners accused the South Korean automaker of bungling a recall of 82,000 units globally with delays and poor communication. The fires in 15 Kona EVs necessitated battery system replacement...

Mastercard fighting to avoid paying $19 billion to customers in class action suit

Mar 25, 2021 10:53 am UTC| Business

Mastercard is making an appeal, and the court in London is setting up a trial to reconsider the earlier ruling where the financial services company was ordered to pay 14 billion or $19 billion to customers in a...

Merck Group announces new CFO appointment and named Caroline Litchfield as Robert Davis' replacement

Mar 25, 2021 09:55 am UTC| Business

Merck Group announced on Wednesday, March 24, that it has assigned a new chief financial officer. The company picked Caroline Litchfield to be Robert Daviss replacement and she will assume her post starting April...

GSK: GlaxoSmithKline executive Moncef Slaoui fired from his Galvani Bioelectronics post over misconduct allegations

Mar 25, 2021 09:10 am UTC| Business

GSK just fired Moncef Slaoui from his post as Galvani Bioelectronics board chairman this week. The executive also served as the chief scientist for the U.S. governments Operation Warp Speed, a coronavirus vaccine...

HiSense, LG Electronics strikes licensing deal after their patent infringement feud

Mar 25, 2021 09:02 am UTC| Business

HiSense, a Chinese electronics company, was revealed to have struck a licensing deal with LG Electronics. The agreement comes after the former lost in the infringement lawsuit filed by the South Korean company. The new...

3001 3002 3003 3004 3005 3006 3007 3008 3009 3010

Economy

Asian Currencies Steady as Dollar Weakens After Treasury Bond Buybacks

Asian currencies stabilized on Thursday following strong gains in the previous session, while the U.S. dollar remained under pressure as investors assessed Washingtons efforts to ease volatility in the Treasury bond...

Asian Stocks Rally as KOSPI, Nikkei Surge on Bond Market Relief

Asian stocks rallied Thursday as easing pressure in U.S. bond markets and renewed strength in semiconductor shares lifted major regional indexes, with South Koreas KOSPI and Japans Nikkei leading gains. Investor sentiment...

US Treasury Buybacks Ease Global Bond Yield Surge

A surprise increase in U.S. Treasury buybacks helped cool a global surge in long-term bond yields on Thursday, offering markets temporary relief as concerns over inflation, government debt and fiscal deficits continued to...

Trump Eyes 15% Tariff on Canadian Auto Imports in New Trade Deal

The Trump administration is reportedly considering cutting tariffs on Canadian automobile imports to 15% from 25% as part of a broader U.S.-Canada trade agreement. In exchange, Canada would remove retaliatory trade...

US Treasury Doubles Long-Term Bond Buybacks as Yields Surge

The U.S. Treasury has doubled planned buybacks of long-duration government bonds in an effort to improve market liquidity after a sharp Treasury selloff pushed borrowing costs to multi-year highs. Under the revised...

Politics

Prince Harry and Meghan Markle Reportedly Plan UK Move With Children

Prince Harry and Meghan Markle are reportedly preparing to relocate to Britain with their two children this month, marking a significant return to the UK six years after the couple stepped back from their roles as senior...

Ukraine Names Yevhenii Khmara Defence Minister Amid Election Row

Ukrainian lawmakers appointed Yevhenii Khmara as the countrys new defence minister on Wednesday, deepening a major political shake-up as President Volodymyr Zelenskiy faces pressure over wartime elections and a fresh...

Trump Administration Allocates $206 Million for Gaza Peacekeeping Force

President Donald Trumps administration is allocating more than $206 million to support a proposed Gaza peacekeeping force, marking the first major U.S. financial commitment to its stalled Gaza reconstruction and security...

Israel, Syria Discuss Turkey’s Military Presence Before Airstrike

Israels Mossad chief Roman Gofman held a rare phone call with Syrian Foreign Minister Asaad al-Shaibani on August 14, with Turkeys growing military presence in Syria dominating the discussion, according to three people...

UN Chief Raises Concern Over US Sanctions on ICC Officials

United Nations Secretary-General Antonio Guterres has expressed serious concern over the United States decision to impose sanctions on International Criminal Court President Tomoko Akane and senior trial lawyer Abdoulaye...

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

Samsung Eyes $72 Billion Shareholder Return Plan as AI Chip Boom Fuels Profits

Samsung Electronics is reportedly preparing a new shareholder return policy worth more than 100 trillion won ($71.75 billion), as booming demand for artificial intelligence chips drives expectations of record profits at...

SK Hynix Shares Surge on Record $28.6 Billion Buyback

SK Hynix shares staged a strong rebound on Thursday after the South Korean memory-chip giant announced a record 40 trillion won ($28.6 billion) share buyback and cancellation plan, providing fresh confidence to investors...

OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead

OpenAI reported an 18% increase in second-quarter revenue, but widening losses and rapid growth at rival Anthropic are adding pressure on the ChatGPT maker, according to The Wall Street Journal. OpenAI told investors that...

Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut

Unitree Robotics shares skyrocketed in their Shanghai stock market debut on Wednesday, highlighting surging investor interest in Chinas robotics and artificial intelligence sectors. The Chinese humanoid robot maker saw its...

Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks

Goldman Sachs has identified nine Japanese semiconductor and electronic components stocks it believes are well positioned for growth, particularly as artificial intelligence and data center demand accelerates. The bank...