Global Economic Times

2025.12.08 (Mon)
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Seoul's 'Insane Rent' Warning: Why $30,000 Monthly Rent is a Looming Threat Residential Crisis Deepens as Tourist Housing Conversion Hits Supply

(C) Pixabay A severe shortage of residential properties, particularly in Seoul, is fueling a surge in conversion of urban housing into tourist accommodations, raising alarm bells over a potential &q
Banks Eye Digital Assets: Woori Bank Displays Bitcoin Price in Dealing Room

(C) The Gulf Independent SEOUL, South Korea—In a clear sign that traditional financial institutions are beginning to seriously integrate digital assets into their core operations, Woori Bank ha

US Layoffs Surge: Over 1.17 Million Job Cuts Announced in First 11 Months of 2025

(C) Visual Capitalist New York — US employers have announced more than 1.17 million job cuts from January through November of this year, a sharp 54% increase compared to the same period last

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Egypt's Central Bank Implements First Interest Rate Cut in Five Years Amid Inflation Concerns: Cairo, Egypt - In a significant shift of monetary policy, the Central Bank of Egypt (CBE) unexpectedly slashed its benchmark inter ...; Eugenio Rodolfo Sanabria Reporter 2025.04.24

IMF Sounds Alarm for Argentina: Global Economic Slowdown Looming Amidst US Tariff Hikes: Washington D.C. - The International Monetary Fund (IMF) has issued a stark warning regarding a significant deceleration in global ...; Greace Nunez Correspondent 2025.04.22

Paraguay's Multidimensional Poverty Shows Slow Improvement Despite Economic Growth: Recently, the Economic Commission for Latin America and the Caribbean (CEPAL) released a report on multidimensional poverty in the ...; Pedro Espinola Special Correspondent 2025.04.22

Encarnación Gears Up for 2025 World Rally with Tailored Financial Support for SMEs: ENCARNACIÓN, Paraguay – In anticipation of the prestigious 2025 World Rally Championship event set to take place in E ...; Greace Nunez Correspondent 2025.04.21

Surging Menu Prices at Major South Korean Food Chains Spark Consumer Outcry Amid Record Profits: A growing wave of price hikes across major South Korean food and beverage franchises, including coffee shops, burger joints, and f ...; Desk 2025.04.20

South Korean Fuel Prices Continue Downward Trend for Tenth Consecutive Week Amidst International Oil Market Fluctuations: For the tenth consecutive week, the average prices of gasoline and diesel at South Korean gas stations have simultaneously decline ...; Ana Fernanda Reporter 2025.04.20

Paraguay's Central Bank Raises 2025 GDP Growth Forecast Amidst Solid Growth: The Central Bank of Paraguay (BCP) announced that it has revised its 2025 gross domestic product (GDP) growth forecast upwards fro ...; Desk 2025.04.17

Won's Weak Rebound Amid Dollar's Slide Signals Deeper Economic Woes Stemming from Trade Tensions: While the U.S. dollar has experienced a significant depreciation of nearly 10% against a cohort of major global currencies, the So ...; Hwang Sujin Reporter 2025.04.16

Bleak Outlook Persists: International Bodies Foresee Sub-2% Growth for South Korean Economy Amid Lingering Political Instability: Concerns surrounding the trajectory of the South Korean economy continue to mount as another prominent international organization ...; Kim Sungmoon Reporter 2025.04.16

Singapore Eases Monetary Policy for Second Consecutive Quarter Amid Lower-than-Expected Economic Growth: Singapore's monetary authority has tightened its grip on easing monetary policy for the second consecutive quarter as the first-qu ...; Hwang Sujin Reporter 2025.04.14

Paraguay's Economy Maintains Solid Growth with 4.9% Increase in February, but Signs of Slowdown Emerge: Asunción, Paraguay - According to a report released by the Central Bank of Paraguay (BCP), Paraguay's economic activity ind ...; Eugenio Rodolfo Sanabria Reporter 2025.04.11

Hawaii Farmers Enter "Survival Mode" Due to Suspension of Federal Government Subsidies: Hawaii, with 90% Dependence on Imports, Hit Hard as Farmers Try to Increase Food Self-Sufficiency: Kaina Makua, a Native Hawaiian farmer who planned to quadruple the production of kalo (taro), a traditional crop in Hawaii, expect ...; Eunsil Ju Reporter 2025.04.11

Trump's Trade Barrage Batters Washington State's Economy: Exports Plummet, Tourism Takes a Hit: WASHINGTON STATE - President Trump's aggressive tariff policies are delivering a significant blow to the Evergreen State's economy ...; Hannah Yeh Reporter 2025.04.11

State Farm Faces Bankruptcy Risk as It Pushes for Massive Home Insurance Hike in California: Oakland, CA - The future of State Farm, the nation's largest home insurance provider, hangs in the balance as it aggressively purs ...; Sharon Yoon Correspondent 2025.04.11

KOSPI Surges 6.6% on Mutual Tariff Suspension, KRW/USD Exchange Rate Falls by 28 Won: South Korean financial markets experienced significant volatility once again on the 10th due to the mutual tariff suspension by th ...; Yim Kwangsoo Correspondent 2025.04.10

Argentina Secures $20 Billion IMF Bailout, Boosting Milei's Reform Agenda: BUENOS AIRES, ARGENTINA — In a move anticipated to provide crucial financial breathing room, Argentina has reached a staff-l ...; Yim Kwangsoo Correspondent 2025.04.10

KOSPI Breaches 2300 Mark Amid Escalating US-China Trade Tensions: Seuol, South Korea – The South Korean benchmark KOSPI index plummeted below the critical 2300 level on Wednesday, marking it ...; Global Economic Times Reporter 2025.04.09

EU-Philippines Green Economy Partnership (EU-GEPP) Grant Program to Accelerate Circular Economy Transition: Manila, Philippines – The European Union (EU)-supported and Department of Environment and Natural Resources (DENR)-implement ...; Eugenio Rodolfo Sanabria Reporter 2025.04.09

South Korea Launches 20 Billion KRW Fund to Modernize Fisheries Distribution Sector: SEOUL, SOUTH KOREA – The South Korean Ministry of Oceans and Fisheries (MOF) has announced the selection of NICE Investment ...; KO YONG-CHUL Reporter 2025.04.07

South Korean Tax Service's "One-Click" Refund System Draws Massive User Base with Zero Fees: SEOUL, SOUTH KOREA – The National Tax Service (NTS) of South Korea is witnessing remarkable success with its newly launched ...; Desk 2025.04.07