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

Become a contributor

Bookmark Econotimes

Economy

Wed, Sep 09, 2026 02:18 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Asian Markets Slip as U.S. Tariff Delay Lifts Futures, Dollar Faces Fifth Monthly Loss

May 27, 2025 02:44 am UTC| Economy

Asian shares edged lower on Tuesday, while U.S. stock futures rose after President Donald Trump postponed a planned 50% tariff on EU imports, extending the deadline to July 9. The delay boosted risk sentiment, driving...

BOJ Warns Rising Food Prices May Fuel Underlying Inflation, Signals More Rate Hikes

May 27, 2025 02:14 am UTC| Economy Central Banks

Bank of Japan Governor Kazuo Ueda warned that surging food pricesespecially a 90% spike in ricecould intensify underlying inflation, pushing it closer to or beyond the central banks 2% target. While core inflation reached...

US Dollar Slides on Debt Concerns and Trump’s Tax Bill Debate

May 27, 2025 02:13 am UTC| Economy

The US dollar extended its decline Tuesday as investors grew increasingly wary over the countrys rising debt burden linked to President Donald Trumps sweeping tax and spending proposals. Markets remained cautious amid...

Japan's Net External Assets Hit Record ¥533 Trillion in 2024, Falls Behind Germany

May 27, 2025 02:11 am UTC| Economy

Japans net external assets surged to a record 533.1 trillion ($3.73 trillion) in 2024, marking the seventh consecutive annual increase, according to the Ministry of Finance. The rise was driven by a weaker yen and an...

Bank of Korea Set to Cut Rates as Growth Slows and Inflation Stabilizes

May 27, 2025 02:07 am UTC| Economy Central Banks

The Bank of Korea (BOK) is widely expected to lower its benchmark interest rate by 25 basis points to 2.50% on May 29, marking its first cut since 2022. This anticipated move comes as South Koreas economy shrank 0.2% in Q1...

Lagarde Urges EU Reforms to Boost Euro as Global Dollar Alternative

May 27, 2025 02:05 am UTC| Economy Central Banks

European Central Bank President Christine Lagarde said Monday that the euro could rival the U.S. dollar globallyif the European Union strengthens its financial and security frameworks. Speaking in Berlin, Lagarde...

Oil Prices Steady as Traders Eye OPEC+ Meeting and Russia Sanctions

May 27, 2025 02:02 am UTC| Economy

Oil prices remained flat in Asian trading on Tuesday as investors awaited the upcoming OPEC+ meeting for clarity on future output. The market saw low activity due to public holidays in the U.S. and U.K. on Monday. Brent...

631 632 633 634 635 636 637 638 639 640

Economy

Iraq Seeks 6 Million Bpd OPEC+ Oil Quota

Iraq is pushing for a substantial increase in its OPEC+ oil production quota, seeking to have future output targets calculated using a production capacity of 6 million barrels per day (bpd), according to Bloomberg, citing...

UK Food Inflation Forecast to Hit 6.4% by Mid-2027

UK food price inflation is expected to accelerate over the coming year, potentially reaching 6.4% by mid-2027 as geopolitical tensions, extreme weather and higher production costs pressure the food industry, according to...

Brent Oil Tops $100 as Middle East Conflict Threatens Supply

Brent crude oil prices climbed above $100 a barrel on Wednesday for the first time since July 24 as escalating Middle East conflict intensified fears of further disruptions to global oil supplies. Benchmark Brent crude...

Japanese Yen Nears Seven-Month High as Oil Approaches $100

The Japanese yen held near its strongest level since February on Wednesday, pressuring the U.S. dollar as escalating Middle East tensions pushed oil prices toward $100 a barrel and investors prepared for major central bank...

US Bans Canadian Alcohol, Motorcycles as Trade War Escalates

The United States has announced sweeping import bans on Canadian alcoholic beverages, motorcycles and some dairy products, escalating a trade dispute between the longtime North American allies. The restrictions, announced...

Politics

Israel Orders UK East Jerusalem Consulate Closure

Israel has ordered the United Kingdom to close its consulate in East Jerusalem within 30 days, escalating a diplomatic dispute after Britain, France and Canada announced new sanctions targeting Israeli settlements in the...

Chris Hipkins Targets Cost-of-Living Relief in New Zealand Election

Former New Zealand Prime Minister Chris Hipkins says Labour was too slow to recognize the cost-of-living pressures facing households after the COVID-19 pandemic, as the party seeks to regain urban and middle-income voters...

Trump’s ‘New America’ Proposal Draws Backlash in New Mexico

President Donald Trumps proposal to rename New Mexico as New America has sparked criticism from residents and political leaders who say the move threatens to erase centuries of history and cultural identity. Trump, a...

US Judge Dismisses Imran Ahmed Deportation Lawsuit

A federal judge in New York has dismissed a lawsuit filed by British anti-disinformation campaigner Imran Ahmed challenging the Trump administrations authority to detain and deport him, potentially clearing the way for...

Iran Strikes U.S.-Used Jordan Base as Gulf War Escalates

Irans Islamic Revolutionary Guard Corps (IRGC) launched ballistic missiles at a military base in Jordan used by U.S. forces and said it attacked 10 ships near the Strait of Hormuz on Wednesday, marking a sharp escalation...

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

OpenAI Targets Specialized Industries as Enterprise AI Demand Grows

OpenAI is expanding its focus on specialized industries such as chip design, life sciences and financial services while lowering AI model prices to compete with cheaper open-source alternatives, Chief Financial Officer...

Kioxia Rules Out SK Hynix Manufacturing Partnership

Kioxia Holdings CEO Hiroo Ota has ruled out closer manufacturing cooperation with South Korean memory chipmaker SK Hynix, pointing to antitrust concerns and complications involving Kioxias existing production partnership...

Qualcomm Stock Jumps on Amazon AI Chip Deal

Qualcomm Technologies (NASDAQ: QCOM) shares surged 9.5% after the chipmaker announced a multi-generational partnership with Amazon to develop custom silicon and high-speed optical connectivity technology for artificial...

Google Revamps EU Search Results to Meet DMA Rules

Alphabets Google has introduced major changes to its search results in Europe as it seeks to comply with European Union antitrust rules under the Digital Markets Act (DMA). Google said Tuesday that the overhaul represents...

Australia Plans New Rules Giving Users Control Over Social Media Feeds

Australia has proposed new social media regulations that would give users greater control over the content appearing in their feeds, expanding the governments efforts to strengthen online safety and regulate major...