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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Recruiting Participants for the 2025 Daejeon Public Data Utilization Startup Competition: Daejeon Metropolitan City is hosting the ‘2025 Daejeon Public Data Utilization Startup Competition’ to discover creati ...; HONG MOON HWA Senior Reporter 2025.04.01

Chungcheongnam-do Province Rolls Up Sleeves to Secure Designation as a 'Bio-Specialized Complex': Chungcheongnam-do Province held a 'Industry-Government-Academia Forum for Additional Designation as a National Advanced Strategic ...; HONG MOON HWA Senior Reporter 2025.04.01

Chungnam Intercity Bus Promotes 'Visit Chungnam Year' Nationwide: Chungnam Province announced on the 31st that, in celebration of the '2025-2026 Visit Chungnam Year' and to revitalize tourism and ...; HONG MOON HWA Senior Reporter 2025.04.01

Daejeon Metropolitan City Launches "Successful Startup with Data" Full Operation of the "Small Business Commercial District Analysis Service": Daejeon Metropolitan City will officially launch the "Small Business Commercial District Analysis Service" (https://golmok.djbea.o ...; HONG MOON HWA Senior Reporter 2025.04.01

Paraguay's Electric Vehicle Market Records 2.4% Share in 2024, Showing Growth: Paraguay, often considered one of South America's most enigmatic countries, is drawing attention for its remarkable growth in the ...; Graciela Maria Reporter 2025.04.01

MEDIAPRO Argentina, Uruguay, Paraguay Appoints Santiago Vila as CEO: Paraguay - After more than 25 years as CEO of MEDIAPRO Argentina, Uruguay, and Paraguay, José D'Amato will step down on Jan ...; KO YONG-CHUL Reporter 2025.04.01

Singapore's Temasek Takes a Bite of Indian Snack Giant Haldiram's with $1 Billion Stake: Singapore - Singapore's state-owned investment firm, Temasek, has made a significant move into India's burgeoning consumer market ...; Desk 2025.04.01

Trump Administration's Venezuela Sanctions Entangle Repsol as Equity Risk Soars: WASHINGTON D.C. – Spanish energy giant Repsol finds itself increasingly exposed to the volatile political and economic lands ...; ONLINE TEAM 2025.03.31

South Korea and Chile Explore Enhanced Cooperation on Critical Minerals: Santiago, Chile – South Korea and Chile have engaged in discussions aimed at strengthening their bilateral cooperation, part ...; KO YONG-CHUL Reporter 2025.03.31

Singapore brand value hits US$78.4b as Grab tops growth list: Singapore - Grab stood out as the fastest-growing Singaporean brand this year, with its brand value surging 85% to US$1.1b. Singa ...; Yim Kwangsoo Correspondent 2025.03.31

Endangered Eels Found in Majority of Singapore's Unagi Products: Study: Singapore – Consuming unagi in Singapore often means unknowingly contributing to the decline of endangered eel species, a re ...; ONLINE TEAM 2025.03.31

Tesla's Singapore Sales Surge Amidst Global Political Backlash Against Musk: SINGAPORE - Despite the mounting political controversies surrounding Tesla CEO Elon Musk and their impact on the brand's global se ...; Graciela Maria Reporter 2025.03.31

LIA Singapore Unveils 2025 Priorities Amid Strong Sector Growth: Singapore - The Life Insurance Association of Singapore (LIA Singapore) has announced its strategic priorities for 2025, building ...; Eugenio Rodolfo Sanabria Reporter 2025.03.31

Incheon Port's Economic Impact: Generating 34% of City's GDP: INCHEON, SOUTH KOREA - A recent analysis has highlighted the significant contribution of Incheon Port to the local economy, reveal ...; Desk 2025.03.30

Daejeon Extends Application Period for Small Business Recovery Support Program: Daejeon Metropolitan City has announced an extension of the application period for its "Small Business Management Recovery Support ...; HONG MOON HWA Senior Reporter 2025.03.30

Mexico's 'Cool Head' Strategy in the Face of US Tariffs: A Gamble for Economic Stability: Mexico - In the face of escalating trade tensions and the recent announcement of significant US tariffs on automobile imports, Mex ...; KO YONG-CHUL Reporter 2025.03.30

Telecom Argentina (TEO) Stock Plummets in 2025 Amid Shifting Economic Landscape and Debt Concerns: Shares of Telecom Argentina SA (NYSE:TEO) have experienced a significant decline in 2025, reversing earlier optimism following the ...; Eugenio Rodolfo Sanabria Reporter 2025.03.30

Argentina and Uruguay Forge Collaborative Path on Green Hydrogen to Avert Conflict: Montevideo, Uruguay – In a proactive move to prevent potential cross-border tensions, the Governor of Argentina's Entre R&ia ...; Pedro Espinola Special Correspondent 2025.03.30

IMC Forms Joint Venture with Kentucky Foods Chile for KFC Brazil Operations: SÃO PAULO - Brazilian restaurant franchise operator International Meal Company (IMC) announced on Wednesday that it has ent ...; ONLINE TEAM 2025.03.30

Vietnam and Chile's Antofagasta Region Explore Enhanced Cooperation: Buenos Aires – Vietnam is actively seeking to strengthen its ties with the Antofagasta region in northern Chile, a significa ...; Graciela Maria Reporter 2025.03.30