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

Become a contributor

Bookmark Econotimes

Economy

Fri, Dec 27, 2024 08:44 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Russia inflation stabilizing

Aug 28, 2015 12:40 pm UTC| Commentary Economy

Russia inflation declined in August (per weekly data). The countrys inflation was expected at 15.5% y/y, down slightly from 15.6% last month. The decline in inflation is due to falling food prices from the strong 2015...

South Korean industrial production probably rose further in july

Aug 28, 2015 06:42 am UTC| Commentary Economy

South Koreas industrial production is likely to have extended its recovery momentum in July after the sizeable turnaround in June. July trade data suggests that non-electronics sectors such as chemical and metal products...

Brazil GDP likely to contract heavily in Q2

Aug 28, 2015 06:08 am UTC| Commentary Economy

Brazils economic activity index suggests that the supply-side economy contracted -7.3% qoq (annualised ) or -3.1% yoy in Q2. This prompts to project Q2 GDP growth of -1.7% qoq (-7.0% annualised or -2.7% yoy for the...

Stronger US growth calms doubters of global growth

Aug 27, 2015 12:52 pm UTC| Insights & Views Economy

Pessimist and doubters of global growth will feel sigh of relief today as US economy turned out to be stronger than everyone is expecting. Preliminary reading shows that US economy grew 2.1% in the second quarter,...

South Africa is cumulating weaknesses

Aug 27, 2015 10:58 am UTC| Commentary Economy

In South Africa, trade balance data should confirm its relative fragility to the Chinese slowdown with a widening of the trade deficit. In the short term, the ZAR has the greatest potential to weaken further, cumulating...

Global and local risks still in place for EMEA markets

Aug 27, 2015 10:38 am UTC| Commentary Economy

The decision of the PBoC to ease monetary policy should not be enough to trigger any real appetite for EMEA assets in our opinion. The global and idiosyncratic risks that have prevailed over the past few weeks are still in...

Spanish economy expands faster, shows potential of reformed-Europe

Aug 27, 2015 10:13 am UTC| Insights & Views Economy

Latest data shows that Spanish GDP grew further in second quarter of 2015, shrugging off any fear of slowdown amid Greek crisis and looming rate hike from US Federal Reserve. Spanish economy grew 3.1% in second...

2821 2822 2823 2824 2825 2826 2827 2828 2829 2830

Economy

Tokyo's Inflation Surge: Energy Prices Drive December CPI Up to 2.4%

In December 2024, the core Consumer Price Index (CPI) for Tokyo Prefecture increased by 2.4% compared to a year earlier, rising from 2.2% in November. This change is important because it shows that prices continue to rise,...

Tokyo Inflation Gains Heat as January Rate Hike Expectations Build Around BOJ Policy Moves

Inflation in Tokyo surged in December, climbing to 2.4 percent as price pressures widened. With the Bank of Japans January policy meeting looming, markets are speculating on whether a further rate hike is on the horizon...

Samsung Brings Galaxy Ring 2 and AR Smart Glasses to Galaxy Unpacked 2025 With S25 Series

Samsung is shaking up the tech world at Galaxy Unpacked 2025, unveiling the Galaxy S25 Series, the advanced Galaxy Ring 2, and its cutting-edge AR Smart Glasses. This bold lineup promises a fresh leap into wearable...

Apple’s 2nm Chips Skip iPhone 17 as TSMC Prepares 2026 Launch for iPhone 18

Apple has decided to wait until 2026 to incorporate TSMCs 2nm chips into the iPhone 18. The move bypasses the iPhone 17, as TSMC works on scaling its production to meet industry demands and cut costs. Apple Expected to...

Alibaba Partners with E-Mart in $4 Billion Deal to Strengthen South Korean Online Retail Leadership

In a $4 billion agreement, Alibaba Group and E-Mart are merging their South Korean e-commerce platforms, forming a joint venture to take full ownership of Gmarket. The deal positions the companies to compete with top...

Politics

Trump Flirts With Idea of Wayne Gretzky for Canada PM Suggests 'He'd Win Without Even Campaigning'

As President-elect Donald Trump prepares for his return to the White House in 2025, he has recently caused a stir by floating the idea of hockey legend Wayne Gretzky running for prime minister of Canada. This unexpected...

Elon Musk Reveals Shocking Weight-Loss Secret Calls Himself Ozempic Santa and Stuns Fans

On Christmas Day, billionaire Elon Musk shocked his followers by sharing a revealing post about his weight-loss journey. Known for his outspoken personality, Musk posted a photo of himself dressed as Santa Claus on X,...

Fox Host Apologizes to John Fetterman Calls Him My Favorite Senator After Shocking Change of Heart

Fox News host Jesse Watters has taken the unexpected step of putting Pennsylvania Senator John Fetterman on his nice list, surprising viewers with an apology for his past criticism. The conservative pundit, known for his...

Most Obamacare Applicants Live in Trump-Voting States Raising Concerns for the GOP

The Affordable Care Act (ACA) remains a vital healthcare source for millions of Americans, with a surprising number of participants hailing from states that voted for Donald Trump in the 2024 presidential election. As of...

Marianne Williamson Vows to Rebuild DNC After Losses, Says 'We Must Reinvent the Party or Fall Behind'

On December 26, 2024, Marianne Williamson, a spiritual author and former presidential candidate, declared her candidacy for Chair of the Democratic National Committee (DNC). The 72-year-old author, best known for her...

Science

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Christmas Eve Asteroid' to Skim Past Earth at 14,743 mph Tonight, NASA Warns

NASA has announced that an asteroid, comparable in size to a 10-story building, will make a close approach to Earth on Christmas Eve. The space rock, designated 2003 SD220, is expected to pass by our planet at a speed of...

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Technology

Xiaomi Expands EV Charging Access Across China With NIO, XPeng, and Li Auto Networks

Xiaomi has joined the EV charging networks of NIO, XPeng, and Li Auto, giving its customers access to over 29,000 stations across China. The move marks a strategic step in bolstering Xiaomis EV business amid growing...

Japan Airlines Faces Cyberattack Disruption with Over 60 Delayed Flights and Canceled Domestic Routes

Japan Airlines experienced significant disruptions on Thursday as a cyberattack led to over 60 flight delays, including 11 international routes, and two domestic cancellations. The airline quickly resolved the network...

Nintendo Switch 2 Reveal Rumors Explode as Countdown Ending January 8 Fuels New Leaks

Nintendo Switch 2 speculation reaches new heights with a countdown set for January 8 and leaked dock images circulating online. Fans are eager but cautious as the buzz around the anticipated reveal grows. Weibo Leaker...

Sam Altman Says Superintelligence Will Ignite a 10X Boom in AI Breakthroughs Transforming the Future of Innovation

Sam Altman envisions a world where superintelligence propels AI innovation 10x faster than expected, transforming global progress and redefining humanitys future. Early Arrival of AGI Sparks Debate The most noteworthy is...

South Korea Eyes $13.9 Billion KSMC Project to Outpace TSMC and Reinvent Semiconductor Innovation

South Korea is developing KSMC with a $13.9 billion investment to challenge TSMC and foster innovation across its semiconductor ecosystem. KSMC Proposal Aims to Strengthen South Koreas Semiconductor Sector Korea...