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

Become a contributor

Bookmark Econotimes

Economy

Wed, Sep 09, 2026 10:15 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

U.S. Treasury Secretary Bessent Warns of Economic Turbulence Amid Market Correction

Mar 17, 2025 04:05 am UTC| Economy Politics

U.S. Treasury Secretary Scott Bessent acknowledged the possibility of a recession in an interview with NBCs Meet the Press, citing near-term economic challenges as the Trump administration pushes its agenda. While he...

U.S. Meat Exports to China Face $5 Billion Blow as Trade Tensions Escalate

Mar 17, 2025 04:04 am UTC| Economy

Hundreds of U.S. meat processing plants could lose export eligibility to China this Sunday, putting approximately $5 billion in trade at risk amid renewed U.S.-China tensions. The affected facilities, including those owned...

New Zealand House Prices Rise in February as Market Gains Momentum

Mar 17, 2025 04:04 am UTC| Economy

New Zealands housing market showed signs of stability in February, with rising prices and increased buyer activity, according to the Real Estate Institute of New Zealand (REINZ). Seasonally adjusted median home prices...

Oil Prices Climb as U.S. Strikes Intensify in Yemen

Mar 17, 2025 04:03 am UTC| Economy

Brent crude futures edged higher in early Asian trading on Monday, rising 0.6% as geopolitical tensions escalated. The uptick came after the United States vowed to continue military strikes against Yemens Houthis until...

China's New Bank Loans Plummet Amid Trade War, Economic Uncertainty

Mar 17, 2025 04:03 am UTC| Economy

Chinas new bank lending fell sharply in February, dropping to 1.01 trillion yuan ($139.62 billion), the lowest February level since 2020. This steep decline follows Januarys record 5.13 trillion yuan, highlighting growing...

Stock Futures Slip as Wall Street Rally Stalls Amid Fed Uncertainty

Mar 17, 2025 04:03 am UTC| Economy

U.S. stock index futures declined Sunday evening, signaling a weak start to the week as Wall Streets recent rebound lost steam. Investors remain cautious ahead of a Federal Reserve meeting, where the central bank is...

Cyclone Alfred’s A$1.2B Economic Hit: Growth and Inflation Concerns

Mar 17, 2025 04:03 am UTC| Economy

Tropical Cyclone Alfred has inflicted an estimated A$1.2 billion ($759 million) in damages, trimming Australias GDP growth by 0.25 percentage points in the March quarter, according to Australian media. The cyclone, which...

711 712 713 714 715 716 717 718 719 720

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...