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

Become a contributor

Bookmark Econotimes

Economy

Wed, Apr 08, 2026 09:18 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Disaster capitalism: Coronavirus crisis brings bail-outs, tax breaks and lax environmental rules to oilsands

Apr 30, 2020 08:23 am UTC| Insights & Views Economy

Jason Kenney and the Alberta government have wasted no time using the current coronavirus crisis to aggressively deregulate the Alberta oilsands. Using executive powers granted under a provincial state of public health...

Pandemic Pulls Down Korea's Industrial Output by 0.3%

Apr 30, 2020 04:40 am UTC| Economy

South Koreas industrial output dipped 0.3 percent in March from a month earlier, as exports and private consumption went down due to the pandemic, according to Statistics Korea. The service sector posted the sharpest...

S.Korea Big Companies Eliminate 10,000 Jobs During Outbreak

Apr 30, 2020 04:40 am UTC| Economy

Large South Korean firms phased out over 10,000 jobs in the past two months due to social distancing measures caused by the outbreak that curtailed consumer spending. On the contrary, there were 3,400 jobs created in...

S.Korea President Calls for Quick Action to Boost Spending, Help Economy

Apr 30, 2020 04:39 am UTC| Economy

South Korea is planning on a multi-trillion-won extra budget to boost domestic demand, as President Moon Jae-in called for swift and decisive policy action to revitalize the economy. The economy is facing an uphill...

LG Chem to Expand Carbon Nanotubes Production More Than Threefold

Apr 30, 2020 04:37 am UTC| Economy

LG Chem will invest 65 billion won by the first quarter of 2021 to expand the production of carbon nanotubes due to its increased use in batteries for electric vehicles (EVs). The investment will raise LG Chems annual...

Evaluation Losses Sink Samsung Heavy to More Q1 Deficit

Apr 30, 2020 04:34 am UTC| Economy

Samsung Heavy Industries Co. announced that its net losses in the first quarter increased to 227 billion won from a loss of 102.6 billion last year due to evaluation losses. The wons weakness against the U.S. dollar...

Liquidity Support Not Enough to Tide Over Korean Air

Apr 28, 2020 06:52 am UTC| Economy

Korean Air will remain to be in a financially precarious position despite the 1.2 trillion won liquidity support from the South Korean government. This is due to the 1 trillion won of debt it has to pay within the year...

2151 2152 2153 2154 2155 2156 2157 2158 2159 2160

Economy

U.S.-Iran Ceasefire: Fragile Truce Raises Hopes for Strait of Hormuz Peace Deal

A temporary ceasefire between the United States, Iran, and Israel is holding but just barely. U.S. Vice President JD Vance described the two-week truce as fragile on Wednesday, warning that Iran appeared to be...

Gold Surges Near 3-Week High as Trump-Iran Ceasefire Eases Geopolitical Tensions

Gold prices climbed sharply on Wednesday, nearing a three-week high after President Donald Trump announced a temporary ceasefire with Iran, easing geopolitical tensions that had been gripping global markets. Spot gold...

Oil Prices Crash Nearly 15% After Trump-Iran Ceasefire Deal

Global oil markets experienced a dramatic selloff on Wednesday after U.S. President Donald Trump announced a two-week ceasefire agreement with Iran, easing fears of a major disruption to Middle East energy supplies. Brent...

U.S. Stock Futures Surge as Trump Announces Iran Ceasefire, Oil Prices Plunge

U.S. stock index futures posted sharp gains Wednesday after President Donald Trump announced a temporary ceasefire agreement with Iran, lifting market sentiment and triggering a dramatic drop in oil prices. The development...

U.S.-China Trade Talks: Trump and Xi Set for Summit Amid Rare Earths Focus

The United States and China are maintaining a stable trade relationship, and President Donald Trump intends to preserve that balance in an upcoming summit with Chinese President Xi Jinping, according to U.S. Trade...

Politics

Trump Meets NATO Chief Rutte Amid Alliance Tensions Over Iran War

President Donald Trump welcomed NATO Secretary General Mark Rutte to the White House on Wednesday for high-stakes talks as the ongoing conflict with Iran continues to strain transatlantic relations. The meeting comes at a...

UK PM Keir Starmer Heads to Middle East Amid Ceasefire Agreement

British Prime Minister Keir Starmer is traveling to the Middle East for high-level diplomatic meetings with regional allies, following a landmark ceasefire agreement reached overnight. The visit marks a significant moment...

Trump Credits China for Brokering Iran-Israel-U.S. Ceasefire

U.S. President Donald Trump stated on Thursday that he believes China played a pivotal role in persuading Iran to agree to a ceasefire in its ongoing conflict with Israel and the United States. The statement, made to AFP,...

Xi Jinping Pushes Demand-Driven Strategy to Modernize China's Service Sector

Chinas President Xi Jinping has outlined a bold strategy to transform the countrys service industry, calling for a demand-led approach supported by structural reform and technological innovation. The directive was reported...

Trump Announces U.S. Military Presence in Strait of Hormuz Following Iran Ceasefire Deal

President Donald Trump announced Wednesday that the United States will actively support the flow of maritime traffic through the Strait of Hormuz, one of the worlds most strategically critical waterways. Speaking publicly,...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

U.S. Disrupts Russian Military Hackers' Global DNS Hijacking Network

The U.S. Justice Department has successfully executed a court-authorized operation to dismantle a DNS hijacking network tied to Russian military intelligence. The network was run by GRU Military Unit 26165, a cyber unit...

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...