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

Become a contributor

Bookmark Econotimes

Economy

Wed, Jan 15, 2025 07:29 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Russia's economic growth indicators signal extended recession

Aug 20, 2015 03:43 am UTC| Commentary Economy

Russia growth indicators for July deteriorated further. In particular, real wages declined 9.2% y/y from an unrevised -7.2% and revised -8.6% in June and investment fell 8.5% y/y from -7.1% in June. Retail sales,...

U.K employment continues to slowdown

Aug 19, 2015 08:59 am UTC| Commentary Economy

U.K. Labour market report for June showed wages somewhat on the soft side, as bonuses contracted 17%, pushing headline average weekly earnings (AWE) down below expectations. Excluding bonuses, AWE were just in line with...

Mexico's GDP growth likely slowed in Q2

Aug 19, 2015 04:32 am UTC| Commentary Economy

Mexicos industrial production and economic activity releases suggest that growth likely slowed to 2.0% yoy in Q2 even though activity growth improved to 2.2% yoy in June. While the supply side proxy puts Q2 growth at 2.1%...

Brazil inflation acceleration continues in Q3

Aug 19, 2015 04:19 am UTC| Commentary Economy

While Brazil mom prices rose 0.62% in July, less than the 0.79% mom in June, annual inflation jumped to 9.56% yoy from 8.89% yoy in June. The acceleration was quite broad-based with the mom rate of price change exceeding...

Indonesia: Disappointing investment growth weights on GDP growth

Aug 19, 2015 01:23 am UTC| Commentary Economy

Trade surplus in excess of USD 1bn used to prompt cheers in the markets but this was not the case for Julys USD 1.3bn. Perhaps markets are no longer concerned about the current account (C/A) deficit, which has indeed...

U.S. fundamentals expand as china takes it on the chin

Aug 18, 2015 16:13 pm UTC| Commentary Economy

U.S. housing starts expanded to the highest level in nearly 8 years to 1.21 million annualized units with positive revisions in June. This is on top of last weeks strong retail sales as well as employment numbers. The...

Russian consumption still depressed, but a moderate recovery is looming

Aug 18, 2015 07:07 am UTC| Commentary Economy

Russias consumer demand recovered at a very slow speed which is being reflected in the very weak recovery in retail sales. On a seasonally adjusted basis, retail sales in monthly terms have seen some gains, but are still...

2841 2842 2843 2844 2845 2846 2847 2848 2849 2850

Economy

UK Inflation Stabilizes: November CPI at 2.6%, Signaling Economic Recovery

In November 2024, the Consumer Price Index (CPI) for the UK was reported at 2.6% compared to the same month last year, which matched what experts had predicted. This is an increase from October 2024, when the CPI was at...

China's Tightened Export Controls Disrupt U.S. Tech Firms' Production Plans

China is intensifying scrutiny of exports by U.S. tech giants like Apple, Microsoft, and Dell, delaying their production shifts to Southeast Asia and India, according to Nikkei Asia. Since December, dual-use technology...

Trump's Economic Policies to Face New Challenges in 2025

U.S. President-elect Donald Trump is set to inherit a strong economy, but his aggressive policiestariffs, immigration restrictions, and tax cutsmight disrupt growth. With output above trend, near full employment, and...

U.S. Stock Futures Rise Amid Tariff Speculation and Key Data Focus

U.S. stock index futures gained on Monday evening as reports eased fears of disruptive trade tariffs under President-elect Donald Trump. Bloomberg reported that his team may propose a gradual tariff increase of 2%-5%...

UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data

UBS strategists foresee the Federal Reserve implementing an additional 50 basis points (bps) rate cut later this year, despite persistent inflationary pressures. Last week, US stocks dipped as a robust December jobs report...

Politics

South Korean Ex-President Yoon Arrested After Martial Law Attempt

Impeached South Korean President Yoon Suk Yeol was arrested on Wednesday following a failed attempt to impose military law in late 2024, according to local media reports. Investigators successfully executed an arrest...

Biden Moves to Normalize U.S.-Cuba Relations Amid Major Policy Shifts

The Biden administration announced plans to remove Cuba from the U.S. terrorism blacklist, signaling a major policy shift that could reshape U.S.-Cuba relations. The move reverses sanctions imposed by former President...

Iranian President Denies Plot to Kill Trump, Refutes U.S. Claims

Iranian President Masoud Pezeshkian dismissed allegations that Iran plotted to assassinate U.S. President-elect Donald Trump. In an NBC News interview, Pezeshkian stated, We have never attempted this to begin with and we...

Pete Hegseth Faces Tight Confirmation Battle for Secretary of Defense

President-elect Donald Trumps nominee for Secretary of Defense, Pete Hegseth, endured intense scrutiny during his confirmation hearing, highlighting sharp partisan divides. Hegseth, a decorated veteran and former Fox News...

SEC Accuses Elon Musk of Securities Law Violation Over Twitter Stake Delay

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk, accusing him of delaying the disclosure of his substantial stake in Twitter, now known as X, in 2022. The SEC alleges Musk violated...

Science

Bill Gates’ Shocking New Malaria Solution Unveiled as Genetically Modified Mosquitoes Turn Into Flying Vaccinators

In a groundbreaking and controversial move, researchers funded by the Bill and Melinda Gates Foundation at Leiden University Medical Center have developed a revolutionary approach to combat malaria. The team has created...

Explosive CIA Whistleblower Claims Havana Syndrome Victims Face Cancer, Dementia, and Government Betrayal

A former CIA operative has come forward with alarming allegations, claiming that victims of the mysterious Havana Syndrome are now battling devastating health issues, including cancer, dementia, and Parkinsons disease. The...

FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update

In a significant advancement for cancer care, the U.S. Food and Drug Administration (FDA) has approved an injectable version of Bristol Myers Squibbs blockbuster cancer drug Opdivo. Branded as Opdivo Qvantig, the new...

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...

Technology

Trade Groups Push Back on Biden's New Chip Export Rules

A coalition of semiconductor and manufacturing trade groups has expressed concerns to U.S. President Joe Biden over recently announced export controls on advanced computing chips. The Semiconductor Industry Association...

Global Smartphone Market Sees Shifts as Chinese Brands Gain Ground

Smartphone shipments for Apple (NASDAQ:AAPL) and Samsung (KS:005930) declined in Q4 as competition from Chinese companies like Xiaomi (OTC:XIACF) intensified, according to preliminary data from IDC. Despite a rebound in...

Blue Origin's New Glenn Rocket Launch Delayed to Thursday

Blue Origin, Jeff Bezos rocket company, has rescheduled the inaugural launch of its New Glenn rocket to Thursday, Jan. 16. Originally set for Tuesday, the launch was delayed after a technical issue arose on Monday. The...

NVIDIA to Establish Asian Headquarters in Taiwan

NVIDIA Corporation will set up its Asian headquarters in Taipei, Taiwan, according to the Central News Agency (CNA). The tech giant plans to hire over 2,500 employees as part of the expansion, as confirmed by National...

NVIDIA to Establish Asian HQ and R&D Center in Taiwan

NVIDIA Corporation (NASDAQ:NVDA) is planning to set up its Asian headquarters in Taipei, Taiwan, according to the Central News Agency. The tech giant will reportedly hire over 2,500 staff as part of the move, as stated by...