Global Economic Times

2025.10.22 (Wed)
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Kering Sells Beauty Division to L'Oréal for €4 Billion Amid Gucci Slump

Paris – French luxury conglomerate Kering, owner of major brands including Gucci, Bottega Veneta, and Balenciaga, has announced the sale of its beauty business to French cosmetics giant L'Or
South Korean Department Store Industry Intensifies Competition for AI-Based 'Hyper-Personalized' Shopping

The South Korean department store industry is accelerating the development of 'hyper-personalized' custom services using Artificial Intelligence (AI). Leading this trend, Hyundai Department St

From Formal to 'Fine-Casual': Asia Pacific Embraces Culinary Comfort and Experience

SEOUL, South Korea — A seismic shift is underway in the Asia Pacific dining scene, with traditional fine dining making way for a trend dubbed "casual luxury." This is the core findin

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U.S.-Bound Maritime Export Costs Continue Downward Trend Amid Lingering Tariff Effects and Shifting Global Trade Dynamics: Maritime shipping costs for exports originating from South Korea and destined for the United States have registered a decline for ...; Eunsil Ju Reporter 2025.04.16

LG CNS and Google Cloud Forge Alliance to Target Global AI Transformation Market, Including Healthcare and Biotech: LG CNS has joined forces with Google Cloud to aggressively target the global Artificial Intelligence Transformation (AX) market, w ...; KO YONG-CHUL Reporter 2025.04.16

US Mulls Hefty Port Fees on Chinese Vessels as Beijing's Bulk Carrier Orders Plummet: The escalating trade tensions between the United States and China have extended to the maritime sector, with the U.S. government a ...; Eugenio Rodolfo Sanabria Reporter 2025.04.16

LG Kicks Off Nationwide ‘AI Lab on Wheels’ Initiative to Cultivate Next-Generation Tech Talent: LG Corporation, a prominent South Korean multinational conglomerate, has officially launched its ‘AI Lab on Wheels’ pr ...; Yim Kwangsoo Correspondent 2025.04.16

South Korean Financial Regulator Intensifies Efforts to Enhance Accessibility for Disabled Individuals: In a proactive move to foster a more inclusive financial landscape, South Korean financial authorities, led by the Financial Servi ...; Kim Sungmoon Reporter 2025.04.16

Nvidia Unveils Ambitious $500 Billion U.S. AI Hardware Manufacturing Initiative in Strategic Alliance with Taiwanese Giants: In a landmark announcement signaling a significant realignment of the global technology supply chain, American artificial intellig ...; KO YONG-CHUL Reporter 2025.04.16

Hyundai Motor Group's Georgia Metaplant Accelerates Production, Bolstering Tariff Resilience: Hyundai Motor Group's Hyundai Motor Group Metaplant America (HMGMA), situated in the state of Georgia, has demonstrably amplified ...; Eunsil Ju Reporter 2025.04.16

Trump Administration's Renewed Export Curbs on Nvidia's H20 Chip Send Shockwaves Through Stock Markets: The escalating tensions in the US-China trade war have taken a fresh toll on the technology sector, as the Trump administration ha ...; Desk 2025.04.16

Nature Republic Launches Powerful Cooling Sun Stick ‘California Aloe Cooling Moisture Sun Stick’: Nature Republic (CEO Lee Seung-jeong) is receiving enthusiastic attention from consumers with the new launch of its ‘Califor ...; Kim Sungmoon Reporter 2025.04.15

South Korea Proposes Trade Partnership Agreement with Brazil: Strategy to Diversify Trade Risks Amid US-China Tensions: Amidst escalating trade tensions between the United States and China, the South Korean government is seeking to strengthen trade c ...; Desk 2025.04.15

Controversy Surrounds Federal Drug Discount Program 340B, Demands for Enhanced Transparency Intensify: INDIANAPOLIS – The federal government's 340B drug price reduction program has recently emerged as a hot topic in the U.S. le ...; Hannah Yeh Reporter 2025.04.15

Over 140 Workers at Caesars Southern Indiana Hotel & Casino Strike Demanding Wage and Retirement Benefit Increases: ELIZABETH, IN — Over 140 employees at Caesars Southern Indiana Hotel & Casino went on strike last Monday, according to T ...; Ana Fernanda Reporter 2025.04.15

Louisiana Launches Pilot Program to Incentivize Healthy Food Purchases for SNAP Recipients: WEST CARROLL PARISH, La. (KNOE) - Louisiana has launched a pilot program aimed at encouraging Supplemental Nutrition Assistance Pr ...; Graciela Maria Reporter 2025.04.15

Paraguayan Finance Ministry Union Demands 69% Pay Raise: Asunción, Paraguay – The Professional Civil Servants Union of the Ministry of Finance and Economy (Siprufomef-DNIT) r ...; KO YONG-CHUL Reporter 2025.04.15

K-Wave Continues to Reshape Philippine Beauty Landscape: K-Beauty Dominates Amidst Growing Local Competition: Manila, Philippines – The enduring global fascination with Korean beauty (K-beauty) continues to exert a powerful influence ...; Kim Sungmoon Reporter 2025.04.15

Argentina Nationwide General Strike Over Public Spending Cuts Causes Major Transportation Disruptions: A nationwide general strike protesting the government's public spending cuts has brought Argentina to a standstill, severely disru ...; Graciela Maria Reporter 2025.04.14

Argentina Eases Strict Currency Controls Under $20 Billion IMF Loan Terms, Increasing Pressure on Milei's Economic Recovery Plan: Argentina has agreed to ease its long-standing strict currency controls as a condition for receiving a $20 billion loan from the I ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Argentina Lifts Currency Controls: A "Bold Gamble" Amid Economic Instability: Argentine President Javier Milei's decision to lift currency controls after securing billions of dollars in loans from the Interna ...; Graciela Maria Reporter 2025.04.14

Petrobras Weighs Participation in India's Deep-Sea Oilfield Development Bidding; Conducting In-depth Analysis: Brazil's state-owned oil company, Petrobras, is carefully considering the opportunity to participate in the oilfield block auction ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14

Brazil: Conflict Intensifies Over Motorcycle Ride-Hailing Services... Legal Battles Erupt Amidst Driver Safety and Regulation Debates: Brazil, with a population of over 211 million, is Latin America's largest ride-hailing market, and two-wheeled vehicles play a cru ...; Eugenio Rodolfo Sanabria Reporter 2025.04.14