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

Become a contributor

Bookmark Econotimes

Business

Sat, Apr 11, 2026 02:50 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Logitech Plans Manufacturing Shift Amid Trump Tariffs, Misses Q4 Estimates

Apr 30, 2025 01:37 am UTC| Business

Logitech International (NASDAQ: LOGI) unveiled a strategy to mitigate the impact of U.S. President Donald Trumps aggressive tariff policy, after reporting Q4 earnings that narrowly missed expectations. The computer...

Westpac Flags A$140M Hit to H1 2025 Profit Due to Hedging Impact

Apr 30, 2025 01:32 am UTC| Business

Australias Westpac Banking Corp (NYSE:WBK) announced on Wednesday that its net profit after tax for the first half of 2025 will be reduced by approximately A$140 million (US$89.35 million) as a result of hedging...

Grab Q1 Revenue Beats Expectations as Ride-Hailing, Food Delivery Demand Grows

Apr 30, 2025 01:29 am UTC| Business

Grab Holdings exceeded Wall Street expectations in the first quarter of 2025, driven by strong demand for its ride-hailing and food delivery services across Southeast Asia. The Singapore-based tech company reported revenue...

Toyota and Waymo Partner to Develop Autonomous Vehicle Platform

Apr 30, 2025 01:26 am UTC| Business

Toyota Motor Corp (TYO:7203) and Alphabet Inc.s (NASDAQ:GOOGL) Waymo have announced a strategic partnership to co-develop and deploy autonomous driving technology. The collaboration aims to create a next-generation...

Paramount Board Considers Settlement Terms in Trump’s $20B CBS Lawsuit

Apr 30, 2025 01:24 am UTC| Business Law Politics

Paramount Global, parent company of CBS News, has outlined potential financial terms for a settlement in the ongoing $20 billion lawsuit filed by U.S. President Donald Trump, according to The New York Times. The lawsuit...

Starbucks Shifts Focus to Staffing Over Automation Amid Sales Decline

Apr 30, 2025 01:21 am UTC| Business

Starbucks is pivoting its strategy by investing more in staffing and scaling back on automation technology, breaking from the broader trend in the food and beverage industry. CEO Brian Niccol announced Tuesday that...

LG Energy Solution Q1 Profit Surges 138% on IRA Tax Credit, Despite EV Market Slowdown

Apr 30, 2025 01:17 am UTC| Business

South Koreas LG Energy Solution (LGES) reported a 138% jump in first-quarter operating profit, boosted by a favorable currency exchange and tax incentives under the U.S. Inflation Reduction Act (IRA), despite slowing...

371 372 373 374 375 376 377 378 379 380

Economy

Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns

The Federal Reserve has launched a formal inquiry into major U.S. banks and their financial ties to the private credit sector, raising fresh concerns about systemic risk across the $1.8 trillion industry. The move comes as...

Middle East Conflict Threatens Global Economic Stability, World Bank Warns

The ongoing Middle East war is sending shockwaves through the global economy, and even a fragile ceasefire brokered by U.S. President Donald Trump may not be enough to prevent lasting damage, World Bank President Ajay...

U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices

U.S. stock markets closed mixed on Friday as investors weighed a fragile Middle East ceasefire against an inflation report that came in better than feared. Despite Fridays uneven session, major indexes logged their...

Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs

Tensions between Colombia and Ecuador have reached a breaking point after Colombia announced 100% retaliatory tariffs on Ecuadorian imports, intensifying an ongoing trade dispute between two ideologically divided...

Asia FX Weekly Gains Hold Amid U.S. Inflation Data and Iran Ceasefire Uncertainty

Most Asian currencies slipped slightly on Friday but remained on track to close the week in positive territory, as traders adopted a cautious stance ahead of the U.S. March Consumer Price Index (CPI) release and monitored...

Politics

MATCH Act: How New U.S. Chip Legislation Could Freeze China's Semiconductor Ambitions

American lawmakers are advancing one of the most aggressive semiconductor export control bills ever proposed. The Multilateral Alignment of Technology Controls on Hardware Act, widely known as the MATCH Act, has drawn...

FAA and Pentagon Approve Laser Counter-Drone System Along U.S.-Mexico Border

The Federal Aviation Administration and the Pentagon have reached a landmark agreement authorizing the deployment of a high-energy laser counter-drone system along the southern U.S. border. This milestone follows extensive...

Eric Swalwell Faces Sexual Assault Allegations Amid California Governor's Race

California Democratic Congressman Eric Swalwell is facing serious sexual assault allegations from a former district office staffer, throwing his prominent gubernatorial campaign into turmoil. The accusations, first...

Iran's Missile Arsenal Poses Ongoing Risk Despite U.S. Claims of Destruction

Recent U.S. intelligence assessments reveal that Iran still maintains thousands of operational ballistic missiles, directly contradicting the White Houses assertion that the regimes military capabilities have been...

Gaza Airstrike Kills Six at Bureij Camp Police Checkpoint

An Israeli airstrike struck a police checkpoint in the Bureij refugee camp, located in the central Gaza Strip, in the early hours of Saturday morning, killing at least six people and wounding several others, according to...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home

San Francisco police arrested a 20-year-old suspect Friday following a pre-dawn attack on OpenAI CEO Sam Altmans residence in the citys North Beach neighborhood. According to the San Francisco Police Department, an...

SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20

Nasdaq Inc. confirmed late Friday that SanDisk Corporation will enter the Nasdaq-100 Index, taking the spot previously held by Atlassian Corp Plc when markets open on Monday, April 20, 2026. The change signals a broader...

TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has reported first-quarter revenue of T$1.134 trillion (approximately $35.71 billion USD), surpassing analyst expectations and...

Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028

Lumentum Holdings Inc (NASDAQ: LITE) is experiencing a surge in demand from the artificial intelligence sector, with its order pipeline now fully booked through 2028, according to a Bloomberg report published Thursday. The...

Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs

U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent closed-door meeting with the chief executives of Americas largest banks this week, warning them about serious cybersecurity...