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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Will Argentina End its 'Lost Century' and Revive?: This quote, attributed to Nobel laureate in Economics Simon Kuznets, is often cited as the best illustration of Argentina's parado ...; Ana Fernanda Reporter 2025.05.21

Unexpected Casualties of the US-China Trade War: Brazil's Cerrado and Amazon: The escalating trade dispute between the United States and China is having truly far-reaching consequences on the global economy. ...; Ana Fernanda Reporter 2025.05.21

Controversy Surrounds Potential Boeing 747 'Gift' to Trump Administration: Washington D.C. – A new report from CNN has cast doubt on former President Donald Trump's assertion that a multi-million dol ...; Pedro Espinola Special Correspondent 2025.05.20

UK, France, Canada Warn Israel of "Response Measures" and Hint at Sanctions Over Gaza Offensive: In a significant escalation of international pressure, the leaders of the United Kingdom, France, and Canada have jointly signaled ...; Ana Fernanda Reporter 2025.05.20

Volvo Drives Towards Sustainable Mobility in Latin America, Launches Electric Bus Production in Brazil: Curitiba, Brazil – Swedish automotive giant Volvo Group, through its Volvo Buses division, has officially inaugurated the pr ...; KO YONG-CHUL Reporter 2025.05.20

Brazilian Environmental Authority Approves Petrobras's Animal Rescue Plan for Amazon Estuary Region: Brazil's environmental authority, Ibama, announced last Monday that it has approved the concept of the emergency animal rescue pla ...; Greace Nunez Correspondent 2025.05.20

Brazil Revises Upward 2025 GDP Growth Forecast, Slightly Raises Inflation Outlook: Brasilia – In a new economic outlook report released on Monday, the Brazilian Finance Ministry announced a slight upward rev ...; Graciela Maria Reporter 2025.05.20

UNICEF Seeks Partner for National Online Training to Bolster Adolescent Healthcare in Argentina: Buenos Aires, Argentina – In a significant move to enhance the well-being of Argentina's youth, the United Nations Children' ...; Ana Fernanda Reporter 2025.05.20

Four Indonesians Arrested in Singapore for Illegal Entry and Smuggling Duty-Unpaid Cigarettes: Singapore – A joint operation by the Singapore Police Coast Guard (PCG) and the Immigration and Checkpoints Authority (ICA) ...; Yim Kwangsoo Correspondent 2025.05.19

US Praises Paraguay for Designating IRGC, Hezbollah, and Hamas as Terrorist Organizations: Asunción, Paraguay – The United States has expressed its gratitude to the government of Paraguay for its decisive act ...; Greace Nunez Correspondent 2025.05.19

Paranair Flight Makes Emergency Landing in Pedro Juan Caballero Due to Severe Weather: Asunción, Paraguay – A Paranair aircraft carrying 28 passengers en route from Jujuy, Argentina, to Silvio Pettirossi ...; Greace Nunez Correspondent 2025.05.19

Mexican Navy Training Ship Collides with Brooklyn Bridge, Resulting in Fatalities: NEW YORK, NY - In a tragic incident late Friday night, a Mexican Navy training vessel carrying naval cadets collided with the icon ...; Desk 2025.05.18

U.S. Fiscal Deficit Deemed Major Economic Risk, Echoing Concerns Among American Figures: International credit rating agency Moody's Investors Service recently downgraded the United States' sovereign credit rating, highl ...; Sharon Yoon Correspondent 2025.05.18

Moody's Downgrades US Credit Rating Amidst Trump's Mideast "Oil Money" Haul: WASHINGTON D.C. - Just as President Donald Trump returned stateside aboard Air Force One, fresh from a Middle East tour where he s ...; Sharon Yoon Correspondent 2025.05.18

China's Economic Barometer: Industrial Output and Looming Rate Cut in Focus: Investors and analysts are keenly awaiting the release of China's April industrial production figures by the National Bureau of St ...; Eugenio Rodolfo Sanabria Reporter 2025.05.18

Taean International Horticulture Therapy Expo Gains Global Attention with Promotion at Osaka Expo: OSAKA, JAPAN – The organizing committee for the 2026 Taean International Horticulture Therapy Expo successfully conducted pr ...; HONG MOON HWA Senior Reporter 2025.05.18

Chungcheongnam-do Province Showcases Tourism Appeal in Osaka: OSAKA, JAPAN – Chungcheongnam-do Province actively promoted its diverse tourism offerings at the ‘K-Tourism Festa&rsqu ...; KO YONG-CHUL Reporter 2025.05.18

Thales Secures Contract with Singapore Navy to Supply Cutting-Edge Pathmaster Mine Warfare System: French defense contractor Thales announced on March 28, 2025, that it has secured a contract through ST Engineering to supply its ...; ONLINE TEAM 2025.05.17

Latest Trends in Architecture: From India's New Administrative Capital to Singapore Changi Airport Expansion...: On May 16, 2025, the global architecture website ArchDaily introduced remarkable architectural projects announced worldwide throug ...; KO YONG-CHUL Reporter 2025.05.17

Asia on Alert for COVID-19 Resurgence: Hong Kong and Singapore See Surge in Infections and Hospitalizations, Prompting Calls for Heightened Vigilance: May 2025 is witnessing a clear resurgence of COVID-19 across Asia. Hong Kong and Singapore, in particular, are experiencing a rapi ...; KO YONG-CHUL Reporter 2025.05.17