Global Economic Times

2026.03.22 (Sun)
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Saudi Arabia Warns of $180 Oil as Iran Conflict Threatens Global Energy Security

RIYADH — Saudi energy officials have issued a stark warning that international crude prices could surge past $180 per barrel if the ongoing conflict in Iran and subsequent supply disruptions ext
South Korea Unveils $47 Million "AX One-Stop" Initiative to Accelerate Industrial AI Transformation

SEOUL — In a bold move to cement its position as a global AI powerhouse, the South Korean Ministry of Science and ICT (MSIT) announced today a massive investment of 625.46 billion KRW (approxima

Finance Chief Koo Vows All-Out Measures to Stabilize Markets Amid Rising Global Volatility

SEOUL — South Korea’s top economic policymaker declared on Thursday that the government is prepared to mobilize all available policy tools, including a supplementary budget and massive mar

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World Bank President to Make First Visit to Paraguay in April for Economic Cooperation Talks: ASUNCIÓN, Paraguay – World Bank Group President Ajay Banga is scheduled to make his first official visit to Paraguay ...; ONLINE TEAM 2025.03.26

Unusual Weather Patterns Drive Up Agricultural Prices, Threatening Food Inflation: The recent surge in unusual weather patterns, including heavy snowfall in March, is driving up agricultural prices and raising con ...; Hwang Sujin Reporter 2025.03.25

Paraguay Sees Rise in Economic Freedom Index... Ranks 11th in South America, 59th Worldwide: Paraguay scored 65.2 points in the 2025 Economic Freedom Index (ILE), ranking 59th globally and 11th among 32 South American count ...; KO YONG-CHUL Reporter 2025.03.24

Paraguay Concerned About Increased Public Debt Burden Due to Strong Dollar... "No Immediate Risk": Concerns have been raised that Paraguay's public debt repayment burden is increasing as its currency, the Guarani, weakens against ...; Graciela Maria Reporter 2025.03.24

Australians Cut Back on Impulse Buys at Petrol Stations as Living Costs Bite: SYDNEY - Australian motorists are increasingly forgoing impulse purchases at petrol stations as cost-of-living pressures force a c ...; Eugenio Rodolfo Sanabria Reporter 2025.03.23

OB Beer Announces Beer Price Hike Amidst Rising Costs: SEOUL – OB Beer, South Korea's leading brewer, has announced that it will increase the factory release prices of its major b ...; Desk 2025.03.21

Paraguayan Small Business Owners See Only 10% Legal Compliance Rate: Low Formalization Hinders Economic Growth and Sustainability: ASUNCIÓN, Paraguay – According to a recent announcement by the Paraguayan Ministry of Industry and Commerce (MIC), on ...; Desk 2025.03.21

Easing the Burden on Small Shops: BCP Decides to Gradually Reduce Card Fees: Final Reduction to 3% for Credit Cards and 2% for Debit Cards from July 2026: Asunción, Paraguay - The Central Bank of Paraguay (BCP) has decided to gradually reduce the fees that shops must pay for cr ...; Desk 2025.03.21

Paraguay Grapples with Persistent U.S. Dollar Surge: Asunción, Paraguay – Paraguay is facing a persistent surge in the U.S. dollar, posing economic challenges despite the ...; Global Economic Times Reporter 2025.03.20

South Korea's Total National Debt Exceeds 6,200 Trillion Won, Government Debt Shows Sharpest Increase: Seoul, South Korea – South Korea's total national debt has exceeded 6,200 trillion won, with government debt showing the mos ...; Yim Kwangsoo Correspondent 2025.03.20

Argentina's IMF Deal in Limbo, Market Uncertainty Mounts: Buenos Aires, Argentina – Just two weeks after declaring a finalized agreement with the International Monetary Fund (IMF), A ...; ONLINE TEAM 2025.03.19

Brazil Abolishes Import Tariffs on 11 Essential Food Items to Combat Inflation: Brasília, Brazil – In a strategic move to tackle rising living costs and curb inflation, the Brazilian government has ...; KO YONG-CHUL Reporter 2025.03.19

Global Inflation Drives Up Domestic Prices in South Korea, Study Finds: A recent analysis by the Korea Institute for International Economic Policy (KIEP) reveals that a 1% rise in global prices leads to ...; ONLINE TEAM 2025.03.18

Singapore's February Exports Rebound, Shrugging Off Lunar New Year Effects; Gold Demand Surges: Singapore – Singapore's core exports rebounded in February, shaking off the contraction seen during the Lunar New Year perio ...; Ana Fernanda Reporter 2025.03.18

Paraguay Seeks Diversification to Move Away from Agricultural Dependence: The Paraguayan economy is highly dependent on agricultural production. According to Waldo Gonzalez, an economic expert at Basa Cap ...; Eugenio Rodolfo Sanabria Reporter 2025.03.18

Paraguay's Economy: Warnings of an Unstable Future... Exposing Risks to Investors: In a recent report submitted to investors ahead of a bond issuance on the New York Stock Exchange, Paraguay's Ministry of Economy ...; Desk 2025.03.18

Paraguay: Sharp Rise in Prices of Essential Goods, Increasing Burden on Consumers: In Paraguayan local markets, the prices of essential goods such as tomatoes, eggs, and cheese have risen sharply in just one week, ...; Ana Fernanda Reporter 2025.03.18

Saudi Arabia's Credit Rating Upgraded, But Payment Concerns Persist: Dubai – Standard and Poor's (S&P) has upgraded Saudi Arabia's credit rating, citing the Kingdom's progress in diversifyi ...; Eugenio Rodolfo Sanabria Reporter 2025.03.18

UK Economy Unexpectedly Contracts in January, Raising Concerns Ahead of Spring Statement: LONDON – The UK economy experienced an unexpected 0.1% month-on-month contraction in January, according to official figures ...; Eugenio Rodolfo Sanabria Reporter 2025.03.17

South Korean Food Industry Hikes Prices Amidst Political Uncertainty: As South Korea anticipates the presidential impeachment ruling of Yoon Suk-yeol as early as next week, the nation’s food ind ...; Desk 2025.03.15