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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Wall Street Rallies on Mild Inflation Data: New York - Wall Street's major indexes opened higher on Wednesday, buoyed by November's consumer price index (CPI) report, which a ...; Hannah Yeh Reporter 2024.12.13

Egypt's Green Energy Push: Massive Wind Farm Project to Power Millions: Cairo, Egypt – A groundbreaking wind farm project is set to revolutionize Egypt's energy landscape, providing clean power to ...; Ana Fernanda Reporter 2024.12.13

Consumers Brace for Tougher Times: Food Industry Outlook for 2025: San Juan, Puerto Rico – Consumers are becoming increasingly cautious and strategic in their purchasing decisions, according ...; Eugenio Rodolfo Sanabria Reporter 2024.12.13

Saudi Arabia's Banking Sector Sees Surge in Time Deposits: Riyadh, Saudi Arabia – Saudi Arabia's banking sector has witnessed a significant uptick in time deposits, contributing to a ...; Eugenio Rodolfo Sanabria Reporter 2024.12.13

OPEC+ Cuts Extend Oil Market Tightness into 2025: OPEC+’s Prolonged Production Cuts and Rising Demand Tighten Global Oil Market The global oil market is poised to remain tig ...; Pedro Espinola Special Correspondent 2024.12.13

Vision 2030 can inspire global solutions to land degradation, energy crisis: RIYADH: Achieving Saudi Arabia’s Vision 2030 will require significant investment in land restoration and renewable energy, a ...; Eugenio Rodolfo Sanabria Reporter 2024.12.13

Saudi Arabia's 2034 World Cup: A Sustainable and Profitable Vision: Saudi Arabia's ambitious bid to host the 2034 FIFA World Cup has gained significant traction, with FIFA projecting a cost-effectiv ...; KO YONG-CHUL Reporter 2024.12.13

Egypt's Trade Balance Improves, but Current Account Deficit Widens: Cairo, Egypt – Egypt's trade balance saw a positive trend in September 2023, with exports surging and imports increasing at ...; Graciela Maria Reporter 2024.12.12

Egypt to List State-Owned Companies in 2025: CAIRO, Egypt – Egypt is poised to embark on a significant privatization drive in 2025, with plans to list several state-owne ...; Pedro Espinola Special Correspondent 2024.12.12

Ulm's Tallest Tower Loses its Title to Sagrada Família: Ulm, Germany – A century-old record is about to be broken. The Ulm Minster, renowned for its towering spire, is set to lose ...; Desk 2024.12.12

Finland to Receive Additional EU Funding for Border Security: Helsinki, Finland – Finland will receive an additional €50 million from the European Commission to bolster its border s ...; Pedro Espinola Special Correspondent 2024.12.12

Puerto Rico's Insurance Industry Faces Uncertain Future Amidst Regulatory Changes: San Juan, Puerto Rico – Puerto Rico's insurance industry, which has seen a surge in interest following a series of global ca ...; Graciela Maria Reporter 2024.12.11

Aerostar Puerto Rico and The Mall of San Juan Partner to Expand Airport Parking: San Juan, Puerto Rico – Aerostar Puerto Rico, the operator of Luis Muñoz Marín International Airport, and The ...; Ana Fernanda Reporter 2024.12.11

Business Atelier Launches Immersive 360 Program for Early-Stage Entrepreneurs: Puerto Rico – Business Atelier has introduced Immersive 360, a six-week virtual program designed to provide specialized ment ...; Ana Fernanda Reporter 2024.12.11

Laos Struggles with Overloaded Trucks, Damaging Roads: Vientiane, Laos – The Laotian government is grappling with the issue of overloaded trucks causing significant damage to the ...; Graciela Maria Reporter 2024.12.11

UAE Imposes 15% Minimum Tax on Large Multinational Corporations: Abu Dhabi, UAE – The United Arab Emirates (UAE) is set to implement a 15% minimum top-up tax on large multinational corporat ...; Pedro Espinola Special Correspondent 2024.12.11

Sri Lanka and Saudi Arabia Plant Trees to Mark 50 Years of Diplomatic Ties: Riyadh: The Sri Lankan Embassy in Riyadh, in collaboration with Saudi Arabia’s Ministry of Foreign Affairs and the Riyadh Mu ...; Eugenio Rodolfo Sanabria Reporter 2024.12.11

GCC Banks Poised for Strong Growth in 2025: Riyadh: Banks operating in the Gulf Cooperation Council (GCC) region, particularly Saudi Arabia and the UAE, are poised for robust ...; Pedro Espinola Special Correspondent 2024.12.11

EK Launches Group Mentoring Program for International Students in Finland: Helsinki, Finland – The Confederation of Finnish Industries (EK) has announced the launch of a new group mentoring program a ...; Ana Fernanda Reporter 2024.12.11

German Coalition Collapse Named Word of the Year: Wiesbaden, Germany – The term “Ampel-Aus,” directly translating to “traffic light out,” has been vot ...; Graciela Maria Reporter 2024.12.09