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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EU adopts 15th sanction package against Russia: The Council of the European Union adopted the 15th package of sanctions against Russia on Monday, according to a press release of ...; ONLINE TEAM 2024.12.18

Algarve Water Intake Project Faces Legal Challenges Despite Tender Launch: Faro, Portugal - The Algarve water company, Águas do Algarve, has launched an international public tender for the "Reinforc ...; Eugenio Rodolfo Sanabria Reporter 2024.12.18

New €60 Million Luxury Resort Announced for Algarve's Meia Praia: Lagos, Portugal – December 16, 2024 – Another major hospitality investment is set to grace the Algarve coast. Sonae Si ...; Desk 2024.12.18

NEDA Approves PH-Korea FTA EO, Key Infrastructure Projects: Manila, Philippines – The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos ...; Pedro Espinola Special Correspondent 2024.12.18

Dow Jones Plunges as Fed Decision Looms, Ending 9-Day Rally: New York, NY – The Dow Jones Industrial Average closed lower on Tuesday, marking its ninth consecutive day of declines and s ...; Hannah Yeh Reporter 2024.12.18

Portugal Lags Behind on Road Safety Despite New Strategy: Lisbon, Portugal – Portugal’s National Road Safety Authority (ANSR) has expressed deep concern over the country’ ...; Pedro Espinola Special Correspondent 2024.12.17

Zurich Indonesia Director Resigns Amidst Positive Company Performance: Jakarta, Indonesia – December 16, 2024 – PT Zurich Asuransi Indonesia Tbk. today announced the resignation of one of i ...; ONLINE TEAM 2024.12.16

Mastercard Strive Empowers Indonesia's SMEs with Comprehensive Support: Jakarta, Indonesia – Mastercard Strive, a program under Mastercard's Center for Inclusive Growth, is making significant stri ...; Graciela Maria Reporter 2024.12.16

Carnival Cruise Line Cracks Down on Upside-Down Pineapple Symbol: MIAMI, FL – Carnival Cruise Line has recently taken a stance against a discreet symbol that has gained popularity among some ...; Hannah Yeh Reporter 2024.12.16

Healy Returns to Seattle After Successful Arctic Mission: Seattle, WA – The U.S. Coast Guard Cutter Healy, the nation’s only heavy icebreaker, returned to its homeport of Seatt ...; Hannah Yeh Reporter 2024.12.16

United Airlines' Magical Flight to the North Pole: A festive spirit filled the air at Denver International Airport on Saturday as United Airlines embarked on its annual "fantasy fli ...; Hwang Sujin Reporter 2024.12.16

Uruguay Celebrates Psychology Day with Recognition and Reflection: Montevideo, Uruguay – On December 6th, Uruguay marked Psychology Day with a special ceremony honoring the contributions of p ...; Graciela Maria Reporter 2024.12.16

Ethiopia's Green Revolution: A Carbon Trading Success Story: Addis Ababa, Ethiopia – In the heart of the Wolayita Zone, a remarkable transformation is underway. Once barren and degraded ...; KO YONG-CHUL Reporter 2024.12.15

Ethiopian Shipping Giant Seeks to Expand Fleet: Addis Ababa, Ethiopia - Ethiopian Shipping and Logistics Services Enterprise (ESLSE) is set to bolster its operations with the pro ...; KO YONG-CHUL Reporter 2024.12.15

Central Bank Warns of Liquidity Risks and Fraud in Ethiopia's Banking Sector: Addis Ababa, Ethiopia – The National Bank of Ethiopia (NBE) has raised concerns about increasing liquidity risks and operati ...; KO YONG-CHUL Reporter 2024.12.15

Ethiopia Approves Foreign Bank Entry, Opens Door to Global Finance: Addis Ababa, Ethiopia – A landmark decision is set to reshape Ethiopia’s financial landscape. The Ethiopian Parliament ...; KO YONG-CHUL Reporter 2024.12.15

China Trains Kenyan Journalists Amidst Press Freedom Concerns: Nairobi, Kenya – The Chinese Embassy in Kenya has initiated a training program for Kenyan journalists, aiming to enhance pro ...; Pedro Espinola Special Correspondent 2024.12.14

Malaria Resurgence: A Global Health Crisis: Abuja, Nigeria – The World Health Organization (WHO) has issued a stark warning about a resurgence of malaria, particularly ...; Pedro Espinola Special Correspondent 2024.12.14

Horizonte Wind Farm Completes Construction, Ushering in a New Era of Clean Energy in Chile: Taltal, Chile – Colbún, a leading Chilean energy company, has successfully completed the construction of its Horizont ...; KO YONG-CHUL Reporter 2024.12.14

Kazakhstan Holds Significant Hydrocarbon Potential: Kazakhstan boasts a rich mineral resource base, encompassing solid minerals, groundwater, and hydrocarbons. The state's balance sh ...; Eugenio Rodolfo Sanabria Reporter 2024.12.14