Global Economic Times

2026.05.08 (Fri)
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Tensions Flare in Strait of Hormuz: U.S.-Iran Clashes Threaten Fragile Truce

MUSCAT/WASHINGTON — The fragile hopes for a diplomatic breakthrough between the United States and Iran faced a severe setback on Thursday as the two nations engaged in a violent naval confrontat
UAE Sovereign Wealth Giants Descend on Seoul to Forge Strategic AI Alliance

Amassive delegation from the United Arab Emirates (UAE), comprising itsmost influential sovereign wealth funds and state-backed artificialintelligence powerhouses, is set to arrive in Seoul. Their mis

U.S. Trade Court Strikes Down Trump’s ‘Global 10% Tariff,’ Citing Executive Overreach

WASHINGTON — In a significant legal blow to the administration’s protectionist agenda, the U.S. Court of International Trade (CIT) ruled on Thursday that President Donald Trump’s &q

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Netanyahu Nominates Trump for Nobel Peace Prize; Abraham Accords and Middle East Remarks Stir Controversy: Israeli Prime Minister Benjamin Netanyahu officially announced today (local time) that he has nominated President Donald Trump for ...; Eugenio Rodolfo Sanabria Reporter 2025.07.08

Trump Postpones Reciprocal Tariffs Until August 1st, "Subject to Change Based on Negotiations": On July 7th (local time), U.S. President Donald Trump signed an executive order extending the imposition of reciprocal tariffs unt ...; Desk 2025.07.08

U.S. Army Eyes Quiet, Agile Hybrid-Electric Aircraft for Future Operations: WASHINGTON D.C. – The United States Army is investing in a new breed of aircraft, one that might seem counter-intuitive at f ...; Eunsil Ju Reporter 2025.07.06

UK Restores Diplomatic Ties with Syria, Pledges £94.5 Million in Aid: DAMASCUS, Syria – The United Kingdom has announced the restoration of diplomatic relations with Syria, a significant move af ...; Greace Nunez Correspondent 2025.07.06

Supreme Leader Khamenei Emerges Publicly After Israeli Strikes, Vows Iran Will "Never Surrender": TEHRAN – In a highly anticipated public appearance following a series of intense Israeli airstrikes, Iran's Supreme Leader A ...; Desk 2025.07.06

Elon Musk Announces Formation of "America Party" Amid Escalating Feud with President Trump: In a significant development set to reshape the American political landscape, Tesla CEO Elon Musk announced the formation of a new ...; KO YONG-CHUL Reporter 2025.07.06

Deadly Floods Ravage Texas: 24 Confirmed Dead, Dozens Still Missing After Catastrophic Downpour: Kerr County, Texas – A devastating deluge in inland Texas has claimed at least 24 lives, with search and rescue operations c ...; Pedro Espinola Special Correspondent 2025.07.05

Washington Archbishop Denounces Trump's Immigration Policies as 'Abhorrent': Washington D.C. – In a scathing rebuke of the Trump administration, Archbishop Robert McElroy of Washington D.C., a close co ...; Greace Nunez Correspondent 2025.07.05

AI Breakthrough Offers Hope to Infertile Couples: New York, USA – In a significant stride for reproductive medicine, an American couple, who had struggled with infertility fo ...; Greace Nunez Correspondent 2025.07.05

Rome Rocked by Devastating Gas Station Explosion, Dozens Injured: ROME – A powerful explosion at a gas station on the outskirts of Rome on Friday, July 4, left at least 45 people injured, wi ...; Eugenio Rodolfo Sanabria Reporter 2025.07.05

Okinawa: The Island of Longevity and Its Enduring Dietary Secrets: Okinawa, Japan's southernmost prefecture, is globally renowned as the "Island of Longevity." It boasts one of the highest concentr ...; Hwang Sujin Reporter 2025.07.05

Peruvian President with 2% Approval Rating Forces Through 2x Salary Increase, Sparking Public Outcry: Peruvian President Dina Boluarte, with an approval rating of just 2%, is facing intense criticism after nearly doubling her salary ...; Yim Kwangsoo Correspondent 2025.07.04

Trump Initiates High Tariff Pressure... Sends Tariff Letters to Over 10 Countries, Including South Korea: U.S. President Donald Trump began sending letters specifying "reciprocal tariffs" to 10 to 12 countries starting July 4 (local tim ...; KO YONG-CHUL Reporter 2025.07.04

Philippines Remains Lower-Middle-Income Country: Expectations and Challenges for Upgrading Status: MANILA, Philippines – According to the World Bank's latest classification, the Philippines unfortunately remains a lower-mid ...; Hwang Sujin Reporter 2025.07.04

Singapore Celebrates 60th Anniversary of Independence with Record-Breaking Voucher Handouts…A Contrast to South Korea: On July 3, 2025, the Singaporean government announced a large-scale voucher distribution to all citizens to commemorate the 60th a ...; KO YONG-CHUL Reporter 2025.07.04

UOB Hong Kong, HKTDC Sign MOU to Bolster Regional Economic Integration and Sustainable Growth: UOB Hong Kong has signed a landmark Memorandum of Understanding (MOU) with the Hong Kong Trade Development Council (HKTDC), making ...; Eugenio Rodolfo Sanabria Reporter 2025.07.04

The Dawn of the Maritime 4.0 Era: 2025 The Nautical Institute Singapore Conference: The maritime industry is undergoing a major transformation, and The Nautical Institute Singapore Conference in 2025 is set to lead ...; ONLINE TEAM 2025.07.04

Mercosur-EU FTA: Hopes and Hurdles for a Year-End Signing: Mercosur, the South American common market, has once again emphasized its intention to sign a Free Trade Agreement (FTA) with the ...; KO YONG-CHUL Reporter 2025.07.04

78 Vietnamese Citizens Safely Evacuated Amidst Israel-Iran Conflict: As tensions escalated between Israel and Iran, the Vietnamese government took swift action to protect its citizens, successfully e ...; KO YONG-CHUL Reporter 2025.07.04

Prime Minister Pham Minh Chinh of Vietnam to Attend Expanded BRICS Summit in Brazil: Vietnamese Prime Minister Pham Minh Chinh will attend the Expanded BRICS Summit in Brazil from July 4 to 8, at the invitation of B ...; KO YONG-CHUL Reporter 2025.07.04