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

Become a contributor

Bookmark Econotimes

Wed, Apr 23, 2025 02:20 AM All times are UTC

Follow Series

©Econometrics LLC 2025. All Rights Reserved.

Linda Barwick

Emeritus professor, University of Sydney
I am a musicologist, specialising in the study of Australian First Nations musics, immigrant musics and the digital humanities (particularly archiving and repatriation of ethnographic field recordings as a site of interaction between researchers and cultural heritage communities). I have studied community music practices through fieldwork in Australia, Italy and the Philippines. Themes of my research include analysis of musical action in place, the language of song, and the aesthetics of cross-cultural musical practice. I also publish on theoretical issues, including analysis of non-Western music, archiving of music and dance, and research implications of digital technologies.

Economy

World Bank Urged to Boost Lending as US, Europe Slash Foreign Aid

Global development leaders are urging the World Bank to expand its lending capacity amid sweeping foreign aid cuts by the U.S. and Europe. Think tanks and advocacy groups are calling for the International Bank for...

Japan’s Factory Slump Deepens in April While Services Sector Rebounds

Japans manufacturing sector contracted for the tenth straight month in April, with confidence among manufacturers falling to nearly five-year lows, according to the au Jibun Bank flash purchasing managers index (PMI). The...

Wall Street Rallies on Trump’s Softer Tone and Tesla Boost

U.S. stock index futures climbed Tuesday night following remarks from President Donald Trump that hinted at easing tensions with both China and the Federal Reserve. The market responded positively to Trumps softened...

South Korea’s Economic Growth Stalls Amid Tariffs and Political Turmoil

South Koreas economy showed minimal growth last quarter as global trade risks and weak domestic demand continued to weigh on Asias fourth-largest economy, according to a Reuters poll of economists. The country is battling...

Bank Indonesia Expected to Hold Rates Steady Amid Rupiah Pressure and U.S. Tariff Concerns

Bank Indonesia is set to keep its benchmark interest rate unchanged at 5.75% on Wednesday, according to a Reuters poll of 26 economists, as the central bank aims to stabilize the rupiah amid mounting pressure from U.S....

Politics

Zelenskiy Open to Peace Talks After Ceasefire as Putin Signals Possible Concessions

Ukrainian President Volodymyr Zelenskiy said Ukraine is ready for peace talks with Russia in any format once a ceasefire is established. His comments come amid reports from the Financial Times that Russian President...

Trump Administration Proposes Major State Department Overhaul to Align with 'America First' Agenda

The Trump administration is moving to significantly downsize the U.S. State Department, proposing to eliminate 132 out of 734 offices and bureaus in a sweeping reorganization aimed at aligning diplomatic functions with...

Rubio Skips Ukraine Peace Talks in London, Kellogg Represents U.S.

U.S. Secretary of State Marco Rubio will not attend the London talks aimed at ending the war in Ukraine, despite earlier plans to travel. The State Department confirmed the change, citing scheduling logistics rather than a...

Trump Eyes Baby Bonus and Pro-Natalist Policies Amid U.S. Birthrate Concerns

As concerns over Americas declining birthrate intensify, the Trump administration is reportedly considering a series of pro-natalist initiatives, including a $5,000 baby bonus, according to The New York Times (NYSE:NYT)....

Trump Defends Tariffs, Vows Stronger U.S. Trade Deals

U.S. President Donald Trump reinforced his trade strategy on Tuesday, touting the benefits of tariffs and emphasizing Americas position in global trade. In his remarks, Trump declared that tariffs on automobiles, steel,...

Science

Kennedy Sets September Deadline to Uncover Autism Causes Amid Controversy

U.S. Health and Human Services Secretary Robert F. Kennedy Jr. announced a bold plan to identify the cause of autism by September 2025. Speaking at a cabinet meeting with President Donald Trump, Kennedy declared a global...

AstraZeneca’s Imfinzi Gets US Approval for Bladder Cancer Treatment

AstraZenecas drug Imfinzi (NASDAQ: AZN) has received U.S. approval to treat adult patients with muscle-invasive bladder cancer, a significant advancement in cancer therapy. The approval allows Imfinzi to be used in...

Sanofi’s New Hemophilia Drug Qfitlia Gains FDA Approval with Breakthrough Bimonthly Dosing

The U.S. Food and Drug Administration (FDA) has approved Qfitlia, a groundbreaking hemophilia treatment by French pharmaceutical giant Sanofi (NASDAQ: SNY). Designed for patients aged 12 and older with hemophilia A or B,...

FDA Vaccine Chief Peter Marks Resigns Amid Controversy Over Transparency

Peter Marks, the U.S. Food and Drug Administrations (FDA) top vaccine official, has resigned after reportedly being forced out by the Department of Health and Human Services (HHS), according to The Wall Street Journal....

Museums have tons of data, and AI could make it more accessible − but standardizing and organizing it across fields won’t be easy

Ice cores in freezers, dinosaurs on display, fish in jars, birds in boxes, human remains and ancient artifacts from long gone civilizations that few people ever see museum collections are filled with all this and more....

Technology

Tesla’s Optimus Robot Faces Delays Amid China’s Rare Earth Export Curbs

Tesla CEO Elon Musk revealed that production of the companys Optimus humanoid robot has been delayed due to Chinas new export restrictions on rare earth magnetscritical components in robotics and electric vehicles....

Amazon Pauses Some AWS Data Center Leases Amid AI Demand Slowdown

Amazon.com (NASDAQ:AMZN) has reportedly paused portions of its data center leasing negotiations for Amazon Web Services (AWS), signaling a potential slowdown in demand from major artificial intelligence (AI) clients,...

Nintendo Faces Tariff Hurdles Ahead of Switch 2 Launch

Nintendo is preparing to launch the highly anticipated Switch 2 on June 5, marking eight years since the original Switch debuted. The console, which sold over 150 million units globally, became a pandemic-era favorite....

Apple iPhone Sales Drop 9% in China as Xiaomi Surges 40%

Apples iPhone shipments in China dropped 9% year-over-year in Q1 2025, making it the only major smartphone brand to report a decline, according to IDC. The U.S. tech giant shipped 9.8 million iPhones during the quarter,...

Nvidia Faces $5.5B Hit as U.S. Restricts H20 AI Chip Exports to China

Nvidia (NASDAQ:NVDA) announced it will incur $5.5 billion in charges after the U.S. government indefinitely restricted exports of its H20 AI chip to China, a critical market for its data center products. The H20 chip,...