Global Economic Times

2026.07.24 (Fri)
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US Finalizes Section 301 ‘Forced Labor Tariffs’ on 60 Nations; South Korea Hit with 12.5% Duty

WASHINGTON / SEOUL — The Donald Trump administration on Thursday (July 23, local time) finalized additional tariffs ranging from 10% to 12.5% on 60 countries under Section 301 of the Trade Act o
U.S. Moves to Sever Chinese Materials and Components from Defense Supply Chains

WASHINGTON — In a decisive move aimed at safeguarding national security and reinforcing military readiness, the Trump administration has launched a comprehensive overhaul of the United States de

Saudi Arabia Launches Naval Protection Measures as Houthi Blockade Threat Escalates in Bab-el-Mandeb Strait

RIYADH / RED SEA — Saudi Arabia has officially announced comprehensive military and security measures to safeguard commercial shipping traversing the strategic Bab-el-Mandeb Strait, following ma

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Laos to Build Largest Seated Buddha Statue: Vientiane, Laos – The Ministry of Planning and Investment, in collaboration with Bokeo provincial officials, held a meeting ...; Graciela Maria Reporter 2024.12.25

Laos Struggles to Enforce Minimum Wage Increase Amid Employer Resistance: Despite a recent nationwide increase in the minimum wage, many employers in Laos are still paying their workers less than the mand ...; Ana Fernanda Reporter 2024.12.25

Slovenia Calls for Israel's Disqualification from Eurovision 2025: Slovenia has formally requested the European Broadcasting Union (EBU) to disqualify Israel from the 2025 Eurovision Song Contest, ...; KO YONG-CHUL Reporter 2024.12.25

MIT Technology Review Arabia Honors 20 Young Innovators Under 35 MENA: MIT Technology Review Arabia has announced the 20 winners of its 2024 Innovators Under 35 MENA award, recognizing young visionarie ...; Hwang Sujin Reporter 2024.12.25

Bosnia and Herzegovina Struggles with Severe Snowstorm, Thousands Without Power: SARAJEVO - A powerful snowstorm has wreaked havoc across Bosnia and Herzegovina, leaving over 170,000 people without electricity a ...; Pedro Espinola Special Correspondent 2024.12.25

Embraer Plane Crashes in Kazakhstan, 28 Survivors Among 67 on Board: Aktau, Kazakhstan - An Embraer passenger jet carrying 62 passengers and five crew members from Azerbaijan to Russia crashed near t ...; Graciela Maria Reporter 2024.12.25

Turkish Children Bear the Brunt of Economic Crisis: Istanbul, Turkey - In a stark reflection of Turkey's deepening economic crisis, millions of children are struggling to survive, fo ...; Hwang Sujin Reporter 2024.12.25

Saudi Cabinet Welcomes UN Resolution on Israel's Obligations: RIYADH - The Saudi Cabinet on Tuesday welcomed the United Nations General Assembly's resolution requesting an advisory opinion fro ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

UAE Economy Poised for Continued Growth, Driven by Diversification: The United Arab Emirates (UAE) economy is on track for robust growth in 2024, driven by strong performance across key non-oil sect ...; Pedro Espinola Special Correspondent 2024.12.25

EBRD Funds Africa's Largest Wind Farm in Egypt: Cairo, Egypt - The European Bank for Reconstruction and Development (EBRD) is playing a key role in the development of Africa's la ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

Aramco's $10 Billion Commercial Paper Program Receives Strong Ratings from Moody's and Fitch: Saudi Aramco's robust financial position has been reaffirmed by leading credit rating agencies Moody's and Fitch. Both agencies ha ...; Global Economic Times Reporter 2024.12.25

Mexican Peso Continues to Weaken Against the US Dollar: Mexico City – The Mexican peso has been steadily losing ground against the US dollar for several weeks, with no signs of rec ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

Cuban Healthcare Crisis Deepens as Thousands of Doctors Flee: Havana, Cuba – Cuba's healthcare system, once a beacon of public health in the developing world, is facing an unprecedented ...; Graciela Maria Reporter 2024.12.25

Cuba's Power Crisis Deepens, Plunging Millions into Darkness on Christmas Eve: Havana, Cuba – Cuba’s state-run electric company, the Unión Eléctrica (UNE), announced that a staggering ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

Colombia's Minimum Wage Hikes to Be Announced as Labor and Business Deadlock Continues: Bogotá, Colombia – After weeks of intense negotiations, talks to determine Colombia's 2025 minimum wage have reached ...; KO YONG-CHUL Reporter 2024.12.25

Peruvian Exporters Achieve Significant Savings Through Authorized Exporter Program: Lima, Peru – The Ministry of Foreign Trade and Tourism (Mincetur) has announced that over 50 companies from nine regions acr ...; Pedro Espinola Special Correspondent 2024.12.24

Spain Raises Pensions in 2025 to Combat Inflation: Madrid, Spain – Spain has announced a significant increase in pension payments for 2025, aiming to mitigate the impact of ri ...; Eugenio Rodolfo Sanabria Reporter 2024.12.24

Spain Raises Income Threshold for Tax Filers: Spain has announced a significant increase in the income threshold for individuals required to file their annual income tax return ...; Eugenio Rodolfo Sanabria Reporter 2024.12.24

$600 Million Investment in Salvadoran Infrastructure: San Salvador, El Salvador – The Ministry of Public Works (MOP) and the Road Conservation Fund (Fovial) have announced a sign ...; Desk 2024.12.24

El Salvador Greenlights Metal Mining, Despite Environmental Concerns: San Salvador, El Salvador – El Salvador has taken a significant step towards tapping into its mineral wealth after the Legis ...; Global Economic Times Reporter 2024.12.24