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

Become a contributor

Bookmark Econotimes

Economy

Mon, Sep 14, 2026 05:05 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Elon Musk possibly selling stock due to $15 billion tax bill: Report

Nov 08, 2021 07:10 am UTC| Business Economy

Elon Musk is said to be facing a hefty tax bill amounting to over $15 billion, and it was suggested that this could be one of the reasons why he is contemplating selling his Tesla stock. According to CNBC, Elon Musk may...

Amazon requests approval to launch 4,500 additional satellites to space for Project Kuiper program

Nov 08, 2021 05:54 am UTC| Business Economy

Amazon is working on its Project Kuiper program that aims to provide internet service to the public. The tech company is planning to launch its internet service not just in the United States but around the world, so it is...

Climate Change Series

Climate finance: it'll be cheaper in the long run if poorer countries receive it as a matter of urgency

Nov 06, 2021 08:33 am UTC| Economy

The almost mystical Green Climate Fund is back in the headlines at the COP26 climate summit in Glasgow. The fund grew out of a promise made by rich nations in 2009 to provide US$100 billion (74 billion) per year in climate...

Central Banking Series

Why the era of cheap money is finally ending

Nov 06, 2021 08:32 am UTC| Economy

The Bank of England was widely expected to slightly increase its official bank rate on November 4, but it decided to stick to the all-time low of 0.1%. However, the bank has made it clear that a rise will soon be needed,...

Fuel subsidies in Nigeria: they're bad for the economy, but the lifeblood of politicians

Nov 06, 2021 08:10 am UTC| Economy

Nigeria, Africas biggest oil producer, has come under fire from the International Monetary Fund as well as World Bank for the heavy financial burden it carries in providing subsidies for fuel and kerosene. The criticism is...

Borrowing from King Solomon, economists are getting closer to working out how good leaders can make good decisions

Nov 06, 2021 07:59 am UTC| Insights & Views Economy

Heres a story from the Bible. As far as I know, its the first reported instance of the branch of economics known as implementation theory. Its from the First Book of Kings, Chapter 3, starting at Verse 16. Two women...

NBA to feature 75th anniversary theme in 40 Twitter spaces

Nov 05, 2021 23:32 pm UTC| Sports Business Economy

The National Basketball Association (NBA) will get additional content, including 75th anniversary-themed versions, to its 40 Twitter Spaces live audio feature in its extended partnership with the social media giant. The...

1971 1972 1973 1974 1975 1976 1977 1978 1979 1980

Economy

Asian Stocks Fall as AI Fears and Oil Surge Hit Markets

Asian stocks declined on Monday as concerns over a potential slowdown in artificial intelligence development pressured technology shares, while oil prices above $100 a barrel fueled inflation fears and expectations for...

Hormuz Vessel Traffic Drops to Single Digits

Commodity vessel traffic through the Strait of Hormuz dropped to single-digit daily levels over the weekend, highlighting growing disruption to one of the worlds most important energy and shipping routes. Preliminary...

Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise

Goldman Sachs now expects the Federal Reserve to raise interest rates by 25 basis points at its September meeting, reversing its previous forecast for no change as inflation concerns intensify across U.S. financial...

Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets

Gold prices moved lower on Monday as stronger-than-expected U.S. inflation increased expectations for a Federal Reserve interest rate hike this week, while surging oil prices added fresh inflation concerns. Spot gold...

Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers

Asian technology stocks fell sharply on Monday as rising bond yields and renewed concerns about the sustainability of the artificial intelligence rally pushed investors away from high-growth chipmakers. South Koreas...

Politics

Sweden Election: Centre-Left Holds Narrow Lead

Swedens centre-left opposition held a slim lead over the right-wing government early Monday as vote counting continued in a closely contested national election that could reshape the countrys immigration and domestic...

Houthi Red Sea Gains Strengthen Iran’s Leverage Over Gulf States

The Houthi takeover of strategic areas along Yemens Red Sea coast is shifting the Gulf balance of power, giving Iran greater leverage over Saudi Arabia and other Gulf states as disruptions threaten key global oil and...

China to Push Global Security Vision at Xiangshan Forum

China is preparing to promote its vision for global security at the annual Xiangshan Forum in Beijing this week, as tensions persist over Taiwan, the South China Sea and uncertainty surrounding U.S. security commitments in...

North Korea Holds Missile and Artillery Drill

North Korea said Monday that its latest missile launches were part of a large-scale live-fire military exercise designed to test multiple weapons and strengthen its ability to conduct coordinated strikes, according to...

Trump Downplays Report Iran Obtained Chinese Satellite Images Before Jordan Attack

U.S. President Donald Trump on Sunday dismissed concerns surrounding a report that Iran obtained satellite imagery of a military base in Jordan from Chinese entities before an attack that killed three U.S. troops in July....

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

Z.AI Shares Slide 7% After $5 Billion Fundraising

Z.AI shares tumbled nearly 7% on Monday, reaching a 5-1/2-month low after the Chinese artificial intelligence company completed a roughly $5 billion fundraising package involving discounted new shares and convertible...

Anthropic Eyes Second Straight Profitable Quarter Ahead of Potential IPO

Anthropic expects to post positive adjusted operating income for a second consecutive quarter, signaling improving financial performance as the artificial intelligence company moves closer to a potential IPO, the Financial...

Trump Vows to Keep U.S. Ahead of China in AI Race

President Donald Trump said Sunday that the United States must maintain its artificial intelligence lead over China, pushing back against calls from prominent technology leaders to slow AI development amid growing safety...

Samsung, SK Hynix Reject KEPCO’s $18.7 Billion Power Funding Plan

Samsung Electronics and SK Hynix have rejected a proposal from Korea Electric Power Corp. (KEPCO) that would require the chipmakers to provide 25 trillion won ($18.7 billion) in upfront funding to secure electricity...

Hyundai Delays In-House ADAS, Turns to Nvidia

Hyundai Motor Group plans to introduce vehicles running its proprietary driver-assistance software in late 2029, delaying the technology by about two years as the South Korean automaker expands its partnership with Nvidia....