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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One Migrant Dead, Four Critically Injured Among 273 Arriving in Canary Islands: Canary Islands, Spain – A tragic incident unfolded overnight as a group of 273 migrants made the perilous journey to the Can ...; Ana Fernanda Reporter 2024.12.27

Japan Airlines Restores Systems After Cyberattack: Tokyo, Japan – Japan Airlines (JAL) announced on Thursday that its network systems have been restored following a cyberattac ...; Ana Fernanda Reporter 2024.12.27

MOP to Upgrade Roads in Eastern El Salvador: San Salvador, El Salvador – The Ministry of Public Works (MOP) has announced plans to upgrade several key roads in eastern E ...; Graciela Maria Reporter 2024.12.27

El Salvador Marks Historic 31-Day Streak Without Homicides: San Salvador, El Salvador – In a remarkable turn of events, El Salvador has achieved an unprecedented 31 consecutive days wi ...; Graciela Maria Reporter 2024.12.27

Preliminary Investigation Points to Russian Missile as Cause of Azerbaijan Passenger Plane Crash: Almaty, Kazakhstan – A preliminary investigation into the crash of an Azerbaijan Airlines passenger jet in Kazakhstan has co ...; Ana Fernanda Reporter 2024.12.27

Egypt Confirms Commitment to Debt Repayment, Announces New Export Arrears Settlement Mechanism: Cairo, Egypt - Egyptian Prime Minister Mostafa Madbouly has reiterated the government's commitment to fulfilling its financial obl ...; Pedro Espinola Special Correspondent 2024.12.26

Dementia Patient Rescued in Malibu Thanks to Infrared Drone: Malibu, CA - A 78-year-old Malibu resident with dementia was successfully located and rescued after going missing in chilly Decemb ...; Sharon Yoon Correspondent 2024.12.26

Nyeri Businesses Face Mixed Fortunes as Kenyans Head Home for Holidays: Nyeri, Kenya - As Kenyans prepare for the festive season, a mixed bag of emotions is evident among business owners in Nyeri County ...; Ana Fernanda Reporter 2024.12.26

Luz Saúde Expands to Algarve, Acquires Hospital and Clinics: Lisbon, Portugal - Private healthcare provider Luz Saúde is expanding its reach in Portugal with the acquisition of a hospi ...; Eugenio Rodolfo Sanabria Reporter 2024.12.26

Philippines Exits FATF Grey List, but Challenges Remain: MANILA - The Philippines has successfully exited the Financial Action Task Force's (FATF) "grey list" after demonstrating signific ...; Graciela Maria Reporter 2024.12.26

DTI: 10 Vape Companies Register Amidst Upcoming Regulations: MANILA – The Department of Trade and Industry (DTI) announced that approximately 10 companies involved in the manufacture, d ...; Global Economic Times Reporter 2024.12.26

Montevideo Shopping Promotes Local Art with "Acercando al Arte" Initiative: Montevideo, Uruguay – For over three decades, Montevideo Shopping has been a steadfast supporter of the local arts scene thr ...; Graciela Maria Reporter 2024.12.26

Panama's Trade Flourishes as 2024 Draws to a Close, Reflecting Global Interdependence: Panama City, Panama – As 2024 nears its end, Panama's trade outlook for 2025 reveals a robust and interconnected economy. Th ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

Japan's GDP Per Capita Falls to Lowest Rank Since 1980: Tokyo - Japan's gross domestic product (GDP) per capita slipped to 22nd among 38 OECD member countries in 2023, according to the C ...; HONG MOON HWA Senior Reporter 2024.12.25

Laos to Build Largest Seated Buddha Statue: Vientiane, Laos – The Ministry of Planning and Investment, in collaboration with Bokeo provincial officials, held a meeting ...; Graciela Maria Reporter 2024.12.25

Laos Struggles to Enforce Minimum Wage Increase Amid Employer Resistance: Despite a recent nationwide increase in the minimum wage, many employers in Laos are still paying their workers less than the mand ...; Ana Fernanda Reporter 2024.12.25

Slovenia Calls for Israel's Disqualification from Eurovision 2025: Slovenia has formally requested the European Broadcasting Union (EBU) to disqualify Israel from the 2025 Eurovision Song Contest, ...; KO YONG-CHUL Reporter 2024.12.25

MIT Technology Review Arabia Honors 20 Young Innovators Under 35 MENA: MIT Technology Review Arabia has announced the 20 winners of its 2024 Innovators Under 35 MENA award, recognizing young visionarie ...; Hwang Sujin Reporter 2024.12.25

Bosnia and Herzegovina Struggles with Severe Snowstorm, Thousands Without Power: SARAJEVO - A powerful snowstorm has wreaked havoc across Bosnia and Herzegovina, leaving over 170,000 people without electricity a ...; Pedro Espinola Special Correspondent 2024.12.25

Embraer Plane Crashes in Kazakhstan, 28 Survivors Among 67 on Board: Aktau, Kazakhstan - An Embraer passenger jet carrying 62 passengers and five crew members from Azerbaijan to Russia crashed near t ...; Graciela Maria Reporter 2024.12.25