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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Turkish Children Bear the Brunt of Economic Crisis: Istanbul, Turkey - In a stark reflection of Turkey's deepening economic crisis, millions of children are struggling to survive, fo ...; Hwang Sujin Reporter 2024.12.25

Saudi Cabinet Welcomes UN Resolution on Israel's Obligations: RIYADH - The Saudi Cabinet on Tuesday welcomed the United Nations General Assembly's resolution requesting an advisory opinion fro ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

UAE Economy Poised for Continued Growth, Driven by Diversification: The United Arab Emirates (UAE) economy is on track for robust growth in 2024, driven by strong performance across key non-oil sect ...; Pedro Espinola Special Correspondent 2024.12.25

EBRD Funds Africa's Largest Wind Farm in Egypt: Cairo, Egypt - The European Bank for Reconstruction and Development (EBRD) is playing a key role in the development of Africa's la ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

Aramco's $10 Billion Commercial Paper Program Receives Strong Ratings from Moody's and Fitch: Saudi Aramco's robust financial position has been reaffirmed by leading credit rating agencies Moody's and Fitch. Both agencies ha ...; Global Economic Times Reporter 2024.12.25

Mexican Peso Continues to Weaken Against the US Dollar: Mexico City – The Mexican peso has been steadily losing ground against the US dollar for several weeks, with no signs of rec ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

Cuban Healthcare Crisis Deepens as Thousands of Doctors Flee: Havana, Cuba – Cuba's healthcare system, once a beacon of public health in the developing world, is facing an unprecedented ...; Graciela Maria Reporter 2024.12.25

Cuba's Power Crisis Deepens, Plunging Millions into Darkness on Christmas Eve: Havana, Cuba – Cuba’s state-run electric company, the Unión Eléctrica (UNE), announced that a staggering ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

Colombia's Minimum Wage Hikes to Be Announced as Labor and Business Deadlock Continues: Bogotá, Colombia – After weeks of intense negotiations, talks to determine Colombia's 2025 minimum wage have reached ...; KO YONG-CHUL Reporter 2024.12.25

Peruvian Exporters Achieve Significant Savings Through Authorized Exporter Program: Lima, Peru – The Ministry of Foreign Trade and Tourism (Mincetur) has announced that over 50 companies from nine regions acr ...; Pedro Espinola Special Correspondent 2024.12.24

Spain Raises Pensions in 2025 to Combat Inflation: Madrid, Spain – Spain has announced a significant increase in pension payments for 2025, aiming to mitigate the impact of ri ...; Eugenio Rodolfo Sanabria Reporter 2024.12.24

Spain Raises Income Threshold for Tax Filers: Spain has announced a significant increase in the income threshold for individuals required to file their annual income tax return ...; Eugenio Rodolfo Sanabria Reporter 2024.12.24

$600 Million Investment in Salvadoran Infrastructure: San Salvador, El Salvador – The Ministry of Public Works (MOP) and the Road Conservation Fund (Fovial) have announced a sign ...; Desk 2024.12.24

El Salvador Greenlights Metal Mining, Despite Environmental Concerns: San Salvador, El Salvador – El Salvador has taken a significant step towards tapping into its mineral wealth after the Legis ...; Global Economic Times Reporter 2024.12.24

Kenya Pressures Farmers to Vaccinate Livestock Amid Concerns: NAIROBI, KENYA — Kenyan President William Ruto has vowed to continue a mass livestock vaccination campaign despite resistanc ...; Eugenio Rodolfo Sanabria Reporter 2024.12.23

20 Years After Indian Ocean Tsunami, East African Coasts Remain Vulnerable: MOMBASA, Kenya – Two decades after the devastating 2004 Indian Ocean tsunami, coastal communities in East Africa remain vuln ...; Pedro Espinola Special Correspondent 2024.12.23

Somalia "Open" to Ethiopian Troops in AU Peacekeeping Mission: Mogadishu - The Somali government has signaled a potential shift in its stance, expressing openness to the involvement of Ethiopia ...; Graciela Maria Reporter 2024.12.23

Desperate Nigerians Rush to Charity Events, Leading to Deadly Stampedes: Abuja, Nigeria - At least 67 people, many of them children, have lost their lives in a series of stampedes at Christmas charity ev ...; Eugenio Rodolfo Sanabria Reporter 2024.12.23

Senegalese Toymakers Thrive Amidst Growing Demand for Locally Made Products: Dakar, Senegal - As Christmas approaches, Senegalese toymakers are experiencing a surge in demand for their locally crafted produc ...; Eugenio Rodolfo Sanabria Reporter 2024.12.23

Santa Claus Braves Amazon Heat to Deliver Christmas Cheer: Manaus, Brazil – Santa Claus made a special journey this Christmas, braving the sweltering heat of the Amazon rainforest to ...; Eugenio Rodolfo Sanabria Reporter 2024.12.23