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

Become a contributor

Bookmark Econotimes

Mon, Aug 03, 2026 10:03 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Andrew Dodd

Director of the Centre for Advancing Journalism, University of Melbourne
Andrew has been a journalist for over twenty-five years, working in radio, TV, print and on-line. He has worked with ABC radio and television, Radio Netherlands and numerous other publications. He was a media and business writer with The Australian and a broadcaster with ABC Radio National, where he presented many of the network's programs and founded the Media Report. He was also a media writer for crikey.com.au.

Murdoch to Musk: how global media power has shifted from the moguls to the big tech bros

Sep 09, 2024 08:18 am UTC| Technology Business

Until recently, Elon Musk was just a wildly successful electric car tycoon and space pioneer. Sure, he was erratic and outspoken, but his global influence was contained and seemingly under control. But add the ownership...

Why is Rupert Murdoch stepping aside now and what does it mean for the company?

Sep 25, 2023 11:13 am UTC| Insights & Views

At age 92, media mogul Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp but will stay on in the role of chairman emeritus, presumably to help guide his eldest son Lachlan as the new head of the...

Australian law says the media can't spin lies – 'entertainment magazines' aren't an exception

Feb 24, 2020 07:54 am UTC| Insights & Views Law

In a recent ruling the Australian Press Council has given a signal to gossip magazines it is OK to make up and publish rubbish about people, so long as the stories arent blatantly incorrect. This is despite the councils...

Media Files: Media companies are mad as hell at tech giants and don't want to take it anymore. But what choice do they have?

Nov 11, 2019 10:52 am UTC| Insights & Views Business Technology

Media companies around the world are in an existential funk. The tech giants - Facebook, Google, Apple and Amazon - have built a better mousetrap for profiting from consumers attention than the traditional media can offer....

Media Files: What does the future newsroom look like?

Nov 04, 2018 14:16 pm UTC| Insights & Views Business

Today on Media Files, a podcast about the major themes and issues in the media, were looking at the future newsroom. We often hear about the doom and gloom of established media companies as they shed staff and revenues,...

Media Files: On the Serena Williams cartoon -- and how the UK phone hacking scandal led to a media crackdown in South Africa

Sep 25, 2018 18:19 pm UTC| Insights & Views Sports

Mark Knights cartoon in The Herald Sun has become a global topic of condemnation and debate because of its negative portrayal of American tennis player Serena Williams. It was widely described as racist. The news of the...

Media Files: ABC boss Michelle Guthrie sacked, but the board won’t say why

Sep 25, 2018 09:34 am UTC| Insights & Views

The major question following the sacking of ABC managing director Michelle Guthrie is why? Why did the ABC board move so decisively and why now? Was it just about tension between her and the corporation chair, Justin...

1 2

Economy

KOSPI Drops Nearly 5% as Samsung, SK Hynix Lead AI Stock Selloff

South Koreas benchmark KOSPI tumbled nearly 5% on Monday, extending losses after recording its worst monthly decline since the 2008 global financial crisis. Renewed selling in major semiconductor stocks erased much of...

Japanese Yen Rallies as Intervention Hopes and BOJ Outlook Weigh on USD/JPY

The Japanese yen extended its rally against the U.S. dollar on Monday, climbing nearly 1% as investors increased bets that Japanese authorities could launch another coordinated currency intervention with the United States...

Gold Prices Rise as Trump Delays Iran Strike, Oil Slumps

Gold prices edged higher on Monday after a sharp decline in oil prices eased inflation concerns, boosting demand for safe-haven assets. The rally came after U.S. President Donald Trump delayed a planned military strike...

Asian Stocks Slide as AI Selloff Hits South Korea, Oil Prices Drop on Iran Talks

Asian stock markets opened the week lower on Monday, with South Korea leading regional losses as renewed selling in artificial intelligence-related technology stocks overshadowed improving investor sentiment from easing...

US Stock Futures Rise as Trump’s Iran Talks Boost Market Sentiment Ahead of Key Earnings

U.S. stock index futures moved higher late Sunday after President Donald Trump announced that negotiations with Iran would begin on Monday, easing geopolitical concerns and lifting investor sentiment. The prospect of...

Politics

DOJ Rescinds Anti-Weaponization Fund Ahead of Todd Blanche Senate Confirmation Vote

The U.S. Justice Department has rescinded an order establishing the controversial Anti-Weaponization Fund just days before the Senate Judiciary Committee is set to consider Todd Blanches nomination for attorney general, a...

Former House Appropriations Chair Kay Granger Dies at 83

Former U.S. Representative Kay Granger, a longtime Texas Republican and the first Republican woman to chair the powerful House Appropriations Committee, has died at the age of 83, according to confirmation from her son,...

Taiwan Says U.S. Military Cooperation Is Stronger Than Many Realize

Taiwans military cooperation with the United States is stronger than many people realize, Defence Minister Wellington Koo said, highlighting expanding exchanges with the U.S. Pacific Command as Taipei works to strengthen...

Russian Border Drone Strike Kills Child in Belgorod, Injures Two Others

A Ukrainian drone strike in Russias Belgorod region killed a 13-year-old girl and injured two other children on Sunday, according to local Russian officials. The incident occurred near a playground in the border village of...

China Defends Industrial Policy Ahead of Key U.S. and EU Trade Talks

China is doubling down on its industrial-focused economic strategy as it prepares for high-stakes trade negotiations with the United States and the European Union, signaling little intention of making major policy changes...

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

Meta Cuts Wipro Outsourcing by 25% After AI-Led Restructuring

Meta Platforms has reportedly reduced the amount of IT work it outsources to Wipro Ltd by at least 25% following an artificial intelligence-driven restructuring that resulted in the closure of its digital marketing...

Alibaba Stock Jumps as Qwen 3.8-MAX AI Model Intensifies China's AI Race

Alibaba Group (HK:9988) shares climbed sharply on Monday after the company introduced Qwen 3.8-MAX, the newest version of its flagship artificial intelligence model, highlighting its growing ambitions in the rapidly...

SpaceX Earnings Preview: Bernstein Says 4 Key Factors Will Drive Long-Term Valuation

Space Exploration Technologies Corp. (NASDAQ: SPCX) is set to release its first quarterly earnings report on August 4, but Bernstein believes investors should focus less on the financial results and more on managements...

AI Data Center Boom Faces New Risks as Public Backlash and Policy Scrutiny Grow

Public opposition to large-scale data center construction is rising sharply, creating new challenges for the artificial intelligence (AI) infrastructure boom, according to Wolfe Research. The firm identified growing voter...

T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger

Senior executives at T-Mobile US have reportedly told parent company Deutsche Telekom that they do not support a proposed $300 billion merger between the two companies, citing shareholder resistance and potential...