Global Economic Times

2026.01.20 (Tue)
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“$3.20 for Coffee, 15 Cents for the Cup”: New Pricing Policy Leaves Café Owners Exhausted

(C) Live and Let's Fly SEOUL — “A Cafe Latte is 4,300 won, and there is a separate 200 won charge for the cup.” Small business owners running cafes are expressing deep frustr
Trump Escalates Atlantic Tensions with ‘Greenland Tariffs’ Targeting European Allies

(C) Axios [NUKK, Greenland] – The geopolitical standoff over Greenland has spiraled into a full-blown trade war as U.S. President Donald Trump announced a series of punitive tariffs against e

SK Chairman Choi Tae-won Calls for Radical Policy Shift to Reignite Korea's "Fading Growth Engine"

(C) China Daily SEOUL – Choi Tae-won, Chairman of the Korea Chamber of Commerce and Industry (KCCI) and SK Group, has issued a stark warning regarding the structural slowdown of the South Korea

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Small Businesses Crumble Under Economic Pressure: Seoul, South Korea – South Korea's small and medium-sized enterprises (SMEs) are facing an unprecedented crisis as the prolo ...; Hwang Sujin Reporter 2024.12.26

Norges Bank Holds Rates Steady, Signals Easing Soon: Oslo - Norges Bank Governor Ida Wolden Bache announced on Thursday that the key interest rate will remain at 4.5%, marking a conti ...; Ana Fernanda Reporter 2024.12.25

Uber Acquires Remaining Stake in UT, Strengthening Its Position in South Korea: Seoul, South Korea – Uber, the global ride-sharing giant, announced on [Date] that it will acquire the remaining stake in UT ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

Franchise Industry Surpasses 300,000 Outlets in South Korea: Seoul, South Korea – The number of franchise outlets in South Korea exceeded 300,000 for the first time last year, according ...; ONLINE TEAM 2024.12.25

Online Shopping Scams Surge During Pandemic, Shift in Tactics and Targets: Seoul, South Korea – The COVID-19 pandemic has led to a significant shift in the tactics and targets of online shopping scam ...; Desk 2024.12.25

Crypto Investment Surges in South Korea as Trump Victory Boosts Market: Seoul, South Korea – The number of cryptocurrency investors in South Korea has surpassed 15 million for the first time, acco ...; Desk 2024.12.25

Mexico's Inflation Slows for Third Consecutive Fortnight: Mexico City, Mexico – Mexico’s inflation rate continued its downward trend, decelerating for the third consecutive for ...; Ana Fernanda Reporter 2024.12.25

Mercadona to Boost Employee Salaries by 8.5% in 2025: Madrid, Spain – Mercadona, one of Spain's largest supermarket chains, has announced a significant 8.5% salary increase for i ...; Eugenio Rodolfo Sanabria Reporter 2024.12.24

El Salvador Eyes New Trade Deal with Mercosur, Opening Up Southern Markets: San Salvador, El Salvador – The Salvadoran Corporation of Exporters (Coexport) has expressed enthusiasm over the potential f ...; Ana Fernanda Reporter 2024.12.24

Kwale Governor Invites Investors, Seeks Indonesian Collaboration: Kwale, Kenya - Kwale Governor Fatuma Achani has extended an invitation to both local and international investors to consider inves ...; Graciela Maria Reporter 2024.12.23

Korean Air Expands In-Flight Wi-Fi Service: Seoul, South Korea – Korean Air has significantly expanded its in-flight Wi-Fi service, with one in four of its fleet now eq ...; Hwang Sujin Reporter 2024.12.23

Kakao Commits to Substantial Shareholder Returns: Kakao, a leading South Korean technology company, has announced a significant enhancement to its shareholder return policy. The co ...; JEONG CHAN MYEONG Senior Reporter 2024.12.22

South Korea Expedites SME Support Programs to Boost Economy: The South Korean government is racing to bolster its economy by fast-tracking the implementation of next year's budget and expandi ...; Desk 2024.12.22

Grau Avenue Merchants Given 10-Day Ultimatum to Improve Safety Measures: Lima, Peru – December 21, 2024 – The Superintendence of Labor Inspection (Sunafil) has issued a 10-day deadline for th ...; Pedro Espinola Special Correspondent 2024.12.22

Peru's Retail Sector to See 5% Increase in Holiday Sales: Lima, Peru – Peru's retail industry is poised for a strong holiday season, with projected sales of 14 billion soles, a 5% in ...; Ana Fernanda Reporter 2024.12.22

Australian Brewers Urge Government to Slash Beer Tax to Save Industry: Sydney, Australia - Leading Australian brewers are calling for a significant reduction in the country's controversial beer tax, wa ...; Graciela Maria Reporter 2024.12.21

Australian superannuation falls short for comfortable retirement: Australians are warned they may not have enough saved in their superannuation for a comfortable retirement despite mandatory emplo ...; Pedro Espinola Special Correspondent 2024.12.21

Saudi Arabia Cuts Interest Rate in Line with US Fed, Third Reduction This Year: Riyadh – Saudi Arabia's central bank, SAMA, has lowered its benchmark interest rate for the third time this year, mirroring ...; Graciela Maria Reporter 2024.12.21

Hyundai Unveils All-New Palisade with Enhanced Features and Performance: Seoul, South Korea – Hyundai Motor Company has announced the start of pre-orders for its flagship large SUV, the all-new Pal ...; Desk 2024.12.21

Samsung Secures $4.75 Billion US Chip Subsidy Amidst Political Transition: Austin, Texas – Samsung Electronics has received final approval for a $4.75 billion US government subsidy to expand its semi ...; ONLINE TEAM 2024.12.21