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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Vietnamese Conglomerate Vingroup Aims for Multi-Billion Dollar Clean Energy Push: Vietnam - Vietnamese conglomerate Vingroup, best known for its expansive property developments and burgeoning electric vehicle man ...; Eunsil Ju Reporter 2025.03.29

Vietnam's Thirsty Market: Whisky Consumption Set to Surge Amidst Global Shifts: Vietnam - Defying trends in more established markets, Vietnam's whisky market is experiencing a remarkable boom, projected to reac ...; ONLINE TEAM 2025.03.29

Vietnam Moves to Ease Trade Tensions with US by Cutting Import Duties: Hanoi, Vietnam – In a proactive move aimed at mitigating potential trade friction with the United States, the Vietnamese gov ...; KO YONG-CHUL Reporter 2025.03.29

Cainiao Smart Logistics Hub to Supercharge Vietnam's E-commerce Boom: Ho Chi Minh City, Vietnam – Cainiao Smart Logistics Network, the logistics arm of Alibaba Group, has significantly bolstered ...; ONLINE TEAM 2025.03.29

Vietnam: More Than Just a Backdoor for Chinese Exports: Vietnam - Concerns have been mounting in the United States that Vietnam's booming exports to America are not entirely what they se ...; Global Economic Times Reporter 2025.03.29

Kenya Becomes Africa's Top Importer of Second-Hand Clothing, Raising Concerns for Local Textile Industry: Kenya - Kenya has now become the leading importer of second-hand clothes across Africa, surpassing Nigeria in a development that h ...; Eugenio Rodolfo Sanabria Reporter 2025.03.29

Dunkin' Doubles Down on Costa Rica: Eight New Stores Planned by 2025: Costa Rica - Just over a year after its successful launch in Costa Rica in July 2024, Dunkin' is significantly accelerating its ex ...; KO YONG-CHUL Reporter 2025.03.29

Costa Rica's Eco-Conscious Resorts Redefine Luxury Travel: Reserva Conchal, Guanacaste, Costa Rica - Stepping onto the sun-drenched grounds of the W Hotel at Costa Rica’s Reserva Conc ...; Yim Kwangsoo Correspondent 2025.03.29

Costa Rica's Poás Volcano on High Alert Amid Increased Gas Emissions: San José, Costa Rica - Authorities in Costa Rica have maintained an orange alert for the Poás Volcano, a popular tou ...; Desk 2025.03.29

Consumer Alert Issued on Sangjo (Korean funeral service plan) Bundled with Appliances: Unexpected Penalties for Contract Cancellation: Bucheon, Gyeonggi Province, South Korea – The Fair Trade Commission (FTC) has issued a consumer advisory regarding a growing ...; Global Economic Times Reporter 2025.03.29

Malaysia's WF Holding Makes Nasdaq Debut After US$8 Million IPO: KUALA LUMPUR & NEW YORK – Malaysian fiberglass reinforced plastic (FRP) manufacturer WF Holding Ltd (NASDAQ: WFH) today ...; Ana Fernanda Reporter 2025.03.28

Boeing Reaffirms Malaysia's Central Role in Southeast Asian Growth Strategy: KUALA LUMPUR: Aerospace giant Boeing has underscored its strong commitment to Malaysia as a pivotal partner in its long-term growt ...; Desk 2025.03.28

Fears of 18% Drop in Exports to the US... Entire Automotive Industry, from Finished Cars to Parts Suppliers, Staggering: The domestic industry is on high alert as US President Donald Trump formalized the imposition of a 25% tariff on imported cars on ...; KO YONG-CHUL Reporter 2025.03.28

"Use Our Wedding Venue for Free"… Seoul Water Regeneration Facility Corporation Offers Free Park Rental: An outdoor park where prospective couples residing or working in Seoul can hold their wedding ceremony for free is opening to alle ...; Min Gyu Mi Reporter 2025.03.28

Bank of Korea Reports Second-Highest Net Profit Ever, Pays KRW 2.6 Trillion in Corporate Tax: The Bank of Korea (BOK) recorded its second-highest net profit last year, driven by the surge in the U.S. stock market, increased ...; KIM YOUNG MIN Specialized Reporter 2025.03.28

Minor Hotels to Launch Luxury NH Collection Hotel in Asunción, Paraguay: ASUNCIÓN, Paraguay – Global hospitality group Minor Hotels has announced its entry into the Paraguayan market with pl ...; KO YONG-CHUL Reporter 2025.03.28

Bitfarms Completes Sale of Paraguay Data Center, Accelerating North American Business Restructuring: TORONTO, ONTARIO – Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin mining and vertically integrated data center company, ...; KO YONG-CHUL Reporter 2025.03.28

Peru Strengthens Strategic Economic Cooperation with Paraguay: Trade Mission to Asunción on April 8-9: Peru is actively working to strengthen its strategic economic cooperation with Paraguay. The Peruvian Embassy in Paraguay has anno ...; KO YONG-CHUL Reporter 2025.03.28

Digital Realty Achieves 100% Renewable Energy Use Across Singapore Operations: SINGAPORE – Digital Realty, a global provider of cloud- and carrier-neutral data centers, connectivity, and colocation solut ...; Desk 2025.03.28

HDI Global SE Reports Growth in Both Revenue and Profit for 2024; Singapore Branch Contributes to Asia Pacific Growth: Singapore – HDI Global SE, a specialist in industrial and specialty insurance, has announced positive financial results for ...; Desk 2025.03.28