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

Become a contributor

Bookmark Econotimes

Sat, Mar 07, 2026 05:40 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Alex Wodak

Emeritus Consultant, St Vincent's Hospital, Darlinghurst

Dr Alex Wodak AM was Director of the Alcohol and Drug Service, St. Vincent's Hospital, Sydney (1982-2012) but is now an Emeritus Consultant. Dr. Wodak is President of the Australian Drug Law Reform Foundation, and a Director of Australia21 and was President of the International Harm Reduction Association (1996-2004). He helped establish the first needle syringe programme and the first medically supervised injecting centre in Australia (when both were pre-legal) and often works in developing countries on HIV control among injecting drug users.

Why is it still so hard for patients in need to get medicinal cannabis?

Mar 10, 2017 03:24 am UTC| Health Law

This week the federal government granted its first license for an Australian company to grow and harvest medical marijuana. This follows Australias amending of the Narcotic Drugs Act 1967 to legalise the production and...

Methadone, the most effective treatment for heroin dependence

Jun 15, 2016 02:45 am UTC| Health

Methadone is a synthetic drug that acts like drugs derived from the opium poppy (opioids). It is well absorbed when swallowed in a single dose, lasting about 24 hours. Methadone is used mainly to treat heroin...

Treating heroin dependence with heroin

Jun 01, 2016 08:17 am UTC| Insights & Views Health

Heroin, or diacetylmorphine, is made from opium poppies by first extracting morphine and then adding two molecules (acetyl) to each morphine molecule. Heroin was used medically in Australia for pain relief and other...

Economy

Treasury Secretary Scott Bessent Slams JPMorgan Report on Gulf Oil Insurance as ‘Completely Irresponsible’

U.S. Treasury Secretary Scott Bessent sharply criticized JPMorgan Chase Co. (NYSE: JPM) on Friday, calling the banks recent analysis of a government-backed oil tanker insurance program terrible and completely...

China Aims to Maintain Stable Employment Amid AI Growth and Labor Market Challenges

China remains confident it can maintain stable employment and sustain positive economic momentum over the next five years, even as global uncertainties and the rapid development of artificial intelligence reshape the labor...

Japan Seeks U.S. Tariff Exemption as Trade Tensions Lift USD/JPY

Japan has formally asked the United States for assurances that its exports will not be negatively affected by Washingtons latest tariff plans, as Tokyo works to preserve the favorable conditions secured in last years...

Fed May Tighten Policy if Inflation Stalls Despite Weak Labor Market

Cleveland Federal Reserve President Beth Hammack signaled that the U.S. central bank may consider tighter monetary policy later in 2026 if progress on inflation slows, even as signs of a cooling labor market complicate the...

Oil Prices Surge as Middle East Conflict Disrupts Global Supply

Global oil prices jumped sharply on Friday as escalating tensions between the United States, Israel, and Iran triggered significant disruptions in worldwide energy supply. U.S. crude futures recorded a dramatic rise, with...

Politics

Trump Plans New Executive Order to Address Rising NIL Costs in College Sports

U.S. President Donald Trump said Friday that the rapidly increasing costs associated with college football programs are harming collegiate athletics overall and pledged to introduce a new executive order within the next...

ICE Arrests Colombian Journalist in Tennessee, Trump Administration Says She Will Receive Due Process

Federal immigration agents arrested a Colombian journalist working for a Spanish-language news outlet in Tennessee, drawing attention to immigration enforcement practices under President Donald Trumps administration....

Obama Warns of ‘Assaults on Democracy’ at Jesse Jackson Memorial in Chicago

Former U.S. President Barack Obama warned that the United States is facing ongoing threats to its democratic institutions during a memorial service honoring legendary civil rights leader Jesse Jackson in Chicago. The...

US Approves $151.8M Bomb Sale to Israel Without Congressional Review Amid Iran Conflict

The United States has approved a $151.8 million weapons sale to Israel, authorizing the transfer of thousands of bomb bodies and related munitions support without undergoing the usual congressional review process. The...

Trump Administration Proposes Tough AI Contract Rules as Anthropic Blacklisted by Pentagon

The Trump administration has introduced sweeping new guidelines for civilian artificial intelligence contracts that could significantly reshape how AI companies work with the U.S. government. According to reports, the...

Science

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...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Nvidia Sets $4M CEO Bonus Target for Fiscal 2027 as AI Demand Drives Revenue Growth

NVIDIA Corporation (NASDAQ: NVDA) has introduced a new variable compensation plan for fiscal 2027 that ties executive bonuses directly to revenue performance, according to a recent regulatory filing. Under the updated...

SoftBank Seeks Up to $40 Billion Loan to Fund Major Investment in OpenAI

SoftBank is reportedly pursuing a loan of up to $40 billion to support a large investment in OpenAI, the company behind ChatGPT. According to a Bloomberg News reporter who shared the update on X (formerly Twitter) on...

Foxconn Sees Strong Growth Ahead Despite Limited Impact From U.S.–Israel–Iran Tensions

Foxconn, the worlds largest electronics manufacturer and a major supplier of AI servers for Nvidia, says geopolitical tensions involving the United States, Israel, and Iran are having only a limited impact on its...

California Court Rejects xAI Bid to Block AI Data Transparency Law

Title: Elon Musks artificial intelligence company xAI has failed to secure a temporary court order that would block Californias new AI data transparency law. A federal judge in California ruled that the company did not...

Pentagon Labels Anthropic AI a Supply-Chain Risk, Restricting Use in U.S. Military Projects

The U.S. Pentagon has officially designated artificial intelligence company Anthropic as a supply-chain risk, a move that immediately restricts government contractors from using the companys AI technology in projects tied...