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

Become a contributor

Bookmark Econotimes

Fri, Oct 18, 2024 09:16 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Renaud Foucart

Senior Lecturer, Lancaster University Management School, Lancaster University
I am an applied microeconomic theorist. This means I try to understand real world puzzles by modelling strategic interactions. This has led me to work on topics as different as smoking bans, Islamic finance, environmental agreements, urban planning, the comeback of vinyl, online search aggregators and the impact of auditing courts on the selection of politicians. I hold a PhD from Université libre de Bruxelles. Since then I have worked in Oxford, Berlin, Nottingham and now Lancaster University.

The boomer generation hit the economic jackpot. Young people will inherit their massive debts

Sep 29, 2024 10:19 am UTC| Insights & Views Economy

Young people in Britain could be forgiven for despairing at the financial pressures they face and feeling that previous generations enjoyed a much fairer economic environment. Then just to add to their worries about home...

Google monopoly ruling: where the tech giant goes from here

Aug 16, 2024 07:01 am UTC| Technology Law

A US judge has found that Google is a monopoly and has used this dominance to reinforce its market position. This ruling, which is subject to appeal, brings the US regulator close to the European Commission in its...

Budget airlines make money from extra charges, but savvy travellers benefit too

Jul 25, 2024 15:11 pm UTC| Business

If youre about to jet off on a summer flight, the chances of you having secured a bargain at this peak time of the year are slim. And as well as the cost of your tickets, you may have grudgingly paid various amounts on top...

Russia has become so economically isolated that China could order the end of war in Ukraine

Jul 02, 2024 14:38 pm UTC| Insights & Views Economy

Western leaders are becoming increasingly frustrated by Chinas role in enabling the war in Ukraine. Some have even openly threatened to sanction the country if it continues to provide Russia with the materials it needs to...

Four tips to avoid being bamboozled by political statistics and data

Jun 13, 2024 06:12 am UTC| Insights & Views Politics

With a plethora of elections around the world in 2024, voters considering their options can expect to be presented with all kinds of numbers and statistics aimed at giving credibility to various claims from various...

What we know so far about Labour’s plan for Great British Energy

Jun 03, 2024 11:04 am UTC| Politics

The Labour party has announced its plans for the energy sector, closing off the first full week of the 2024 election campaign. Great British Energy is one of Keir Starmers six first steps for government, should his...

Judas and the economics of betrayal

Mar 28, 2024 12:03 pm UTC| Insights & Views

No one remembers the names of the soldiers who arrested Jesus, or the civil servants who organised his crucifixion. But Judas Iscariot has not been forgotten, and will forever be associated with treachery and...

1 2

Economy

Bitcoin Price Surges Amid Trump Election Speculation

Bitcoin Price Rises Amid Election Speculation Bitcoins price saw a modest increase on Thursday, trending toward strong weekly gains fueled by speculation regarding a potential Donald Trump victory in the upcoming...

"UK Retail Sales Defy Expectations with 0.3% Rise in September"

In September 2024, UK retail sales unexpectedly rose by 0.3% from the previous month, contrary to market predictions of a 0.3% decline, according to the Office for National Statistics. Overall Performance:Following a...

China Central Bank Launches 800 Billion Yuan Funding to Boost Stock Market Stability

Chinas Central Bank Initiates 800 Billion Yuan Funding Schemes On Friday, the Peoples Bank of China (PBOC) launched two significant funding schemes, injecting up to 800 billion yuan ($112.38 billion) into the stock...

AB Volvo Reports Larger-than-Expected Drop in Q3 Profit Amid Normalizing Truck Demand

AB Volvo Sees Decreased Profit Amid Demand Normalization Swedish truck maker AB Volvo announced a disappointing third-quarter adjusted operating profit of 14.1 billion crowns ($1.34 billion), down from 19.3 billion...

ECB Rate Cuts Spark Traders' Optimism Amid Economic Uncertainty

ECB Rate Cuts: A Historic Move Traders increased their bets on rapid European Central Bank (ECB) rate cuts after the bank announced its first consecutive cuts in 13 years. On Thursday, the ECB lowered its deposit rate...

Politics

Donald Trump Drops Bombshell: ‘Tim Cook Told Me About Apple’s Billions in EU Fines — I Won’t Let Them Get Away with It’

During a recent appearance on the PBD Podcast, former President Donald Trump revealed a candid conversation he had with Apple CEO Tim Cook regarding the tech giants multi-billion-dollar fines imposed by the European Union....

Donald Trump to Be Interviewed by The Undertaker? WWE Legend Set to Grill Trump on His ‘Biggest Battles Yet!’

Former President Donald Trump is set to make an unexpected appearance on WWE legend The Undertakers podcast, as reported by Daily Mail. This unusual pairing has sparked intrigue across social media, as the two iconic...

Donald Trump Says Ukraine War ‘Should Never Have Started,’ Blames Volodymyr Zelensky for Letting It Happen

In a candid discussion during an appearance on the PBD Podcast on October 17, 2024, former President Donald Trump made controversial comments about the Ukraine conflict. Trump directly blamed Ukrainian President Volodymyr...

Donald Trump ROASTS de Blasio: ‘I Don’t Give a Sh*t If This is Comedy—He Was a Terrible Mayor!’

President Donald Trump pulled no punches at a recent event, taking a sharp jab at former New York City Mayor Bill de Blasio. Trump, known for his blunt style, delivered a harsh critique of de Blasios tenure, causing...

Donald Trump Shocks Audience: ‘I Thought About Skipping Jokes… Nothing Funny About What’s Happening to America!’

During a speech in New York, former President Donald Trump departed from his usual humorous tone, delivering a somber reflection on the state of the nation. I actually thought about not doing jokes tonight. Theres nothing...

Science

Nicotine Pouches Skyrocket in Popularity as Youth Tobacco Use Hits 25-Year Low — ‘This Is the New Trend,’ Experts Warn

Nicotine pouches have surged in popularity across the U.S., while traditional tobacco use has hit its lowest point in 25 years. Public health experts are now grappling with the implications of this emerging trend, as a...

SpaceX Sues California Coastal Commission, Alleging Political Bias Over Falcon 9 Launch Denials

SpaceX has filed a lawsuit against the California Coastal Commission, accusing the agency of political bias in blocking several Falcon 9 launches from Vandenberg Space Force Base. The lawsuit, filed on October 15, comes...

SpaceX Shares Breathtaking Images of Starship Flight 5 Featuring Reentry and Stage Separation

SpaceX has unveiled stunning new images from its Starship Flight 5 test, capturing key moments like booster recovery, stage separation, and plasma engulfing the upper stage during reentry. These high-definition images,...

China's Scientists Reportedly Crack Major Encryption Algorithms Using D-Wave Quantum Computer

In a groundbreaking development, Chinese researchers have reportedly used a D-Wave quantum computer to crack encryption algorithms once thought unbreakable. The breakthrough raises concerns over the future of digital...

Starlink Services to Remain Free in Hurricane-Affected Areas for the Rest of 2024

Elon Musk announced that Starlink services will remain free in regions affected by Hurricanes Helene and Milton for the remainder of 2024. This decision follows Starlinks critical role in providing communication support...

Technology

Meta Fires Employees for Buying Toothpaste! ‘Forget Lunch, These Perks Have Gone Too Far,’ Company Insiders Reveal

Meta, the parent company of Facebook and Instagram, has fired several employees for allegedly abusing the companys perks system by purchasing personal items, including toothpaste, instead of meals. The revelation, reported...

Tesla Launches First Superchargers in Chile, Expanding EV Infrastructure Across South America

Tesla has introduced its first Superchargers in Chile, marking a significant expansion of its EV charging network into South America. The initial stations, equipped with V4 250 kW Superchargers, are now operational in...

Meta Lays Off Employees at Instagram, WhatsApp, and Reality Labs Amid Restructuring

Meta has begun laying off employees across Instagram, WhatsApp, and Reality Labs, according to a report by The Verge. While the exact number of job cuts remains unspecified, Metas spokesperson confirmed that these layoffs...

Budget TV Brand Skywell Shocks Europe with Cheap EV Rival to VW and BYD

A budget TV manufacturer is making a surprising leap into Europes EV market with a new cheap electric hatchback set to rival offerings from VW and BYD. Boasting over 300 miles of range and rapid charging, the newcomer aims...

Cybercab Wireless Charging Speed Teased—Tesla Keeps Fans Guessing After 'We, Robot'

Teslas We, Robot event saw Elon Musk teasing the wireless charging speed of the upcoming Cybercab. Without disclosing specifics, the brief reveal has sparked widespread curiosity and discussions among electric vehicle...