Global Economic Times

2026.05.08 (Fri)
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Samsung Electronics Shifts Strategy in China: Moving from Hardware Sales to Platform-Based Business

SEOUL – Samsung Electronics is undertaking a major restructuring of its home appliance business in China, marking a significant pivot 34 years after first entering the market. The move is seen a
Tesla Model Y Becomes First to Pass Grueling New U.S. Autonomous Safety Tests

WASHINGTON D.C. — Tesla’s flagship SUV, the Model Y, has made history as the first vehicle to pass the United States government’s newly implemented safety tests for advanced driver-a

Celltrion’s Zymfentra Sees Explosive 300% Growth, Hits Record Quarterly Prescriptions in the U.S.

[NEW YORK] – Celltrion’s strategic push into the United States is yielding unprecedented results. Zymfentra (marketed as Remsima SC outside the U.S.), the world's first and only subcut

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Protracted Slump Grips South Korea's Accommodation and Food Service Sector Amid Economic Downturn: South Korea's accommodation and food service industry is grappling with its most prolonged downturn on record as high interest rat ...; Hwang Sujin Reporter 2025.04.14

Trump's Tariff U-Turns Sow Uncertainty Among South Korean Tech Giants: SEOUL – A volatile trade policy emanating from the United States under the Trump administration is leaving South Korean tech ...; KO YONG-CHUL Reporter 2025.04.14

Australia Grapples with Housing Unaffordability as Election Looms: Sydney, Australia - A confluence of soaring property values, relentless increases in rental costs, and a significant deficit in so ...; Graciela Maria Reporter 2025.04.14

Australian Avocado Exporters Poised to Capitalize on Strengthening Trade Ties with China: Australian avocado exporters stand on the cusp of accessing the lucrative Chinese market, buoyed by improving trade relations betw ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Singapore Unveils 'Tourism 2040 Roadmap': Boosting MICE Industry and Creating Attractive Tourist Destinations: Singapore - The Singapore Tourism Board (STB) has announced its ambitious 'Tourism 2040 Roadmap', outlining the blueprint for the ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Singapore's Luxury Housing Market Set for a Surge with 2,500 New Units in 2025: Singapore - Singapore's luxury housing market is expected to see a significant boost in 2025, with approximately 2,500 new homes f ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Singapore-India Air Passenger Traffic Surpasses 5 Million for the First Time; Changi Airport Focuses on Growth in the Indian Market: SINGAPORE - According to an announcement by Singapore Changi Airport, the number of air passengers traveling between Singapore and ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Philippine Economy Faces Looming Trade Crisis; Government Response Remains Uncertain: Manila, Philippines – Analyses suggest that the Philippine economy could face significant challenges with the potential resu ...; Desk 2025.04.14

Philippines' Unique Labor Law, the '13th Month Pay'... Discussions for Domestic Introduction Face Strong Opposition: Manila, Philippines - Often, unique or peculiar labor law regulations abroad, while fitting the local context, can feel somewhat u ...; Desk 2025.04.14

Hyundai-Kia Revving Up Russia Return Amid Easing Tensions: As diplomatic efforts to resolve the conflict in Ukraine gain traction, South Korean automotive giant Hyundai Motor Group is strat ...; Hwang Sujin Reporter 2025.04.13

Top Two South Korean Steelmakers Consider Alliance: POSCO Eyes Investment in Hyundai Steel's US Plant: South Korea's leading steelmaker, POSCO, is reportedly considering a significant equity investment in a new electric arc furnace ( ...; KO YONG-CHUL Reporter 2025.04.13

'Queen of Roads' Whitmer's Meeting with Trump Sparks 'Controversy' Within Democratic Party: Gretchen Whitmer, who rose to the Michigan governorship on the slogan "Fix the damn roads," is making political moves that are dra ...; Yim Kwangsoo Correspondent 2025.04.13

Boeing Huntsville-Made Missile Defense Component Named "Coolest Thing Made in Alabama" This Year: HUNTSVILLE, ALABAMA – A critical component for a missile defense system produced by aerospace and defense giant Boeing in Hu ...; Ana Fernanda Reporter 2025.04.13

Trump Administration's Alaska Oil Development Policy: Mixed Signals Fuel Industry Uncertainty: The Trump administration has ushered in a new chapter in the decades-long conflict between commerce and conservation in Alaska, fo ...; Yim Kwangsoo Correspondent 2025.04.12

Hawaii on the Brink of Legalizing Online Sports Betting: Economic Benefits and Social Concerns Intertwine: As the expansion of the sports betting market in the United States has recently shown signs of slowing, Hawaii is moving closer to ...; Yim Kwangsoo Correspondent 2025.04.12

Arizona Lands Major Advanced Industry Investments, Bolstering Bioscience and Semiconductor Sectors: PHOENIX, Arizona – Arizona is experiencing a new era of economic growth, securing record-breaking investments in the bioscie ...; Sharon Yoon Correspondent 2025.04.12

Arizona Lawmaker Seeks to Ban Digital Price Tags Amid Dynamic Pricing Concerns: Phoenix, Arizona — A bill proposed by an Arizona state lawmaker to ban the use of digital price tags in the state is sparkin ...; Pedro Espinola Special Correspondent 2025.04.12

New Mexico Shines with Natural Beauty: Travel + Leisure Names Top Spot: New Mexico – It's no secret that the state of New Mexico boasts a wealth of stunning natural attractions. Recently, the reno ...; Min Gyu Mi Reporter 2025.04.12

Wyoming Residents Could Boost State GDP by $36.3 Million with a 5% Increase in Local Food Consumption: LARAMIE, WY – A new study from the University of Wyoming Extension indicates that if Wyoming residents invested just 5% of t ...; Hannah Yeh Reporter 2025.04.12

Trump Administration Proposes Massive Cuts to NASA Science Budget, Jeopardizing Space Exploration Plans: Washington D.C. – A draft budget proposal from the Donald Trump administration, slated to be submitted to Congress, reported ...; KO YONG-CHUL Reporter 2025.04.12