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

Become a contributor

Bookmark Econotimes

Business

Sat, Dec 20, 2025 12:42 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Silver Lake in Talks for $9B Stake in Intel’s Altera Unit

Feb 19, 2025 06:02 am UTC| Technology Business

Private equity firm Silver Lake is in exclusive talks to acquire a majority stake in Intels (NASDAQ: INTC) programmable chip business, Altera, for about $9 billion, according to sources familiar with the matter. The deal,...

UOB Reports Strong Q4 Profit Growth, Announces $2.24B Capital Return Plan

Feb 19, 2025 05:01 am UTC| Business

Singapores United Overseas Bank (OTC: UOVEY) reported a 9% year-on-year rise in Q4 net profit, surpassing analyst expectations. Net profit climbed to S$1.52 billion ($1.13 billion), driven by higher net interest income and...

U.S. SEC Seeks India's Help in Adani Group Fraud Investigation

Feb 19, 2025 05:01 am UTC| Law Business

The U.S. Securities and Exchange Commission (SEC) has requested assistance from Indian authorities in its probe into Adani Group founder Gautam Adani and his nephew Sagar Adani over alleged securities fraud and a $265...

Former OpenAI CTO Mira Murati Launches AI Startup Thinking Machines Lab

Feb 19, 2025 05:01 am UTC| Technology Business

Mira Murati, former OpenAI CTO, has launched Thinking Machines Lab, a new AI startup aiming to develop AI systems aligned with human values. The company, announced Tuesday, has recruited top talent from OpenAI, Meta...

Baidu Stock Outlook: AI and Cloud Drive Growth Despite Economic Challenges

Feb 19, 2025 05:01 am UTC| Technology Business

Baidu Inc. (NASDAQ:BIDU) continues to shine in cloud computing and generative AI amid Chinas mixed economic recovery. Mizuho (NYSE:MFG) analysts raised their price target to $105 from $95, maintaining an Outperform rating...

Hong Kong Tech Stocks Surge on Xi Jinping’s Support, DeepSeek AI Boost

Feb 18, 2025 07:29 am UTC| Technology Business Politics

Hong Kong-listed Chinese tech stocks rallied Tuesday after President Xi Jinping met with private sector leaders, including Alibabas Jack Ma, Tencents Pony Ma, and Huaweis Ren Zhengfei, at Beijings Great Hall of the People....

Musk-Modi Meeting Fuels Tesla's India Expansion with Senior Staff Hiring

Feb 18, 2025 07:28 am UTC| Technology Politics Business

Tesla (NASDAQ:TSLA) is making strides towards entering India, the worlds third-largest auto market, by hiring senior staff in Mumbai, as seen in job listings posted this week. This move follows CEO Elon Musks recent...

351 352 353 354 355 356 357 358 359 360

Economy

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Gold prices edged slightly lower in Asian trading on Friday but were still on track to post modest weekly gains, as strong safe-haven demand continued to support the precious metals market. At the same time, silver and...

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

New Zealands business confidence surged sharply in December, reaching its highest level in three decades, according to the latest ANZ Bank Business Outlook survey released on Friday. The data highlights growing optimism...

BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization

The Bank of Japan (BOJ) is widely expected to raise interest rates to a three-decade high, marking another milestone in its gradual exit from ultra-loose monetary policy. At the conclusion of its two-day meeting on Friday,...

Politics

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

China and the United States are intensifying separate diplomatic efforts to revive a ceasefire between Thailand and Cambodia, as Southeast Asian leaders prepare for a crucial ASEAN meeting aimed at addressing the worst...

Syria, Kurds and U.S. Race to Show Progress on SDF Integration Deal

Syrian, Kurdish and U.S. officials are intensifying diplomatic efforts ahead of a year-end deadline to demonstrate progress on a long-stalled agreement to integrate Kurdish-led forces into the Syrian state, according to...

Putin Signals Possible Peace or Continued War in Ukraine at Major Year-End Address

Russian President Vladimir Putin is expected to send a significant signal to the United States and European powers regarding the future of the Ukraine war when he speaks at his annual end-of-year news conference on Friday....

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Trump Signs Order to Ease Federal Marijuana Rules, Signaling Major Policy Shift

U.S. President Donald Trump has signed an executive order directing federal agencies to loosen regulations on marijuana, a move that could mark one of the most significant changes in U.S. cannabis policy in decades. The...

Science

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...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...