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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Algarve Toll Booths: Fight Continues Despite Abolition: Despite the imminent abolition of tolls on seven Portuguese highways, including the Algarve's A22/Via do Infante, concerns remain ...; Ana Fernanda Reporter 2025.01.01

Xpeng to Showcase Production-Ready Flying Car at CES 2025: Las Vegas, NV – Chinese electric vehicle maker Xpeng is set to unveil its production-ready modular flying car, the Land Airc ...; Pedro Espinola Special Correspondent 2024.12.29

Google Doubles Down on AI, Sets Ambitious Targets for 2025: Mountain View, CA – Google CEO Sundar Pichai has outlined an aggressive strategy for the company to dominate the AI landscap ...; Sharon Yoon Correspondent 2024.12.29

16 Carmelite Nuns Martyred During the French Revolution Canonized: On December 18, Pope Francis canonized 16 Carmelite nuns who were executed by guillotine during the French Revolution. Among them ...; Graciela Maria Reporter 2024.12.29

Karnali Province: Poverty Persists Despite Development Efforts: Surkhet, Nepal - In the remote and impoverished Karnali Province of Nepal, poverty remains a persistent challenge despite years of ...; Graciela Maria Reporter 2024.12.28

Nepal Unveils New Policy to Revitalize Micro, Cottage, and Small Industries: Kathmandu, Nepal - The Nepalese government has approved a new policy aimed at boosting the contribution of Micro, Cottage, and Sma ...; Graciela Maria Reporter 2024.12.28

Egypt to Transform Downtown Cairo with Luxury Hotels and Revitalization Projects: Cairo, Egypt - Prime Minister Mostafa Madbouly held a meeting with investors on Thursday to discuss the redevelopment of Downtown ...; Eugenio Rodolfo Sanabria Reporter 2024.12.28

Egypt and Chad Emphasize Cooperation Amidst Sudanese Crisis: N'Djamena, Chad - Egyptian Foreign Minister Badr Abdelatty met with Chadian President Mahamat Idriss Déby Itno in N'Djamena ...; Eugenio Rodolfo Sanabria Reporter 2024.12.28

Ethiopia's Unilateral Actions on GERD Fuel Tensions with Egypt: Cairo, Egypt - Despite years of failed negotiations, Ethiopia continues to defy international law and agreements by unilaterally f ...; ONLINE TEAM 2024.12.28

Sudan Church Attacked Amidst Escalating Religious Conflict: Khartoum, Sudan – A church in Sudan has been attacked by the Sudanese Armed Forces (SAF), marking a significant escalation i ...; Graciela Maria Reporter 2024.12.28

Sri Lanka's New Law Threatens Religious Freedom for Christians: COLOMBO, Sri Lanka – A new law proposed in Sri Lanka requiring all churches to register has sparked concerns among Christian ...; Ana Fernanda Reporter 2024.12.28

U.S. Nears Debt Ceiling Again, Raising Default Fears: Washington, D.C. – The United States is once again on the brink of a debt ceiling crisis, with Treasury Secretary Janet Yell ...; Eugenio Rodolfo Sanabria Reporter 2024.12.28

Puerto Rico to Provide Millions in Tax Credits to Working Families: San Juan, Puerto Rico – The Puerto Rico Department of Treasury announced today that thousands of Puerto Rican families will ...; Ana Fernanda Reporter 2024.12.27

Saudi Arabia's New Commercial Regulations: A Game-Changer for Entrepreneurs: Riyadh – Saudi Arabia's recently approved regulations streamlining commercial registration and trade name processes are pois ...; Eugenio Rodolfo Sanabria Reporter 2024.12.27

Ukraine Sends First Food Aid Shipment to Syria: Kyiv, Ukraine - Ukraine, a major global producer and exporter of grain and oilseeds, has dispatched its inaugural batch of food ai ...; Graciela Maria Reporter 2024.12.27

Estonia Calls for Increased NATO Presence After Suspected Sabotage of Power Cable: TALLINN — The Estonian government held an emergency meeting on Thursday following the damage to the Estlink-2 power cable co ...; Pedro Espinola Special Correspondent 2024.12.27

Five Staff Members Killed in Israeli Attack on Gaza Hospital: GAZA CITY, Palestine - Five staff members of Kamal Adwan Hospital in the northern Gaza Strip were killed on Thursday due to Israel ...; Pedro Espinola Special Correspondent 2024.12.27

Sunat Postpones SIRE Implementation for Major Taxpayers: Lima, Peru – The Peruvian Tax Administration (SUNAT) has announced a postponement of the mandatory implementation of the Int ...; Eugenio Rodolfo Sanabria Reporter 2024.12.27

Peru's Economy on the Upswing: Poverty Rates Set to Decline: Lima, Peru – Peru's Ministry of Economy and Finance (MEF) has projected a significant decrease in poverty rates this year, d ...; Eugenio Rodolfo Sanabria Reporter 2024.12.27

Finnish Authorities Investigate Russian 'Shadow Fleet' Vessel After Undersea Cable Damage: Helsinki, Finland – Finnish police have launched an investigation into suspected sabotage after a Russian-linked tanker was ...; Eugenio Rodolfo Sanabria Reporter 2024.12.27