Binance announces appointment of Grant Thornton for global accounting services
Binance announced the appointment of Grant Thornton Singapore to provide global accounting and tax advisory services. Grant Thornton will help Binance align its accounting policies with International Financial Reporting Standards (IFRS) and improve its accounting practices.
World Bank advances real-time welfare monitoring initiatives
In today's rapidly changing world, timely development data is crucial for effective policymaking. The World Bank and its partners are working to invest in frontier approaches to monitor poverty and welfare in real time. By combining traditional data sources with cutting-edge technologies and methodologies, the aim is to develop advanced tools to inform decision-making and strengthen the adaptive capacity of policies.
World Bank strengthens banking ties for seven Pacific nations
Seven Pacific Island countries will maintain uninterrupted access to the global financial system through a new World Bank project aimed at strengthening correspondent banking relationships in the region. The initiative, announced by World Bank Group President Ajay Banga during his first visit to the area, is designed to support Fiji, Kiribati, Republic of the Marshall Islands, Samoa, Tonga, Tuvalu, and Vanuatu. Additionally, it includes one regional organization, the Pacific Islands Forum.
Economics
U.S trade deficit widens to nearly \$79 Billion as imports surge
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $78.8 billion in July, up $5.8 billion from $73.0 billion in June, revised.
US Bureau reports rise in income and consumer expenditures for July
Personal income increased by $75.1 billion, or 0.3 percent at a monthly rate, in July 2024, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), which is personal income less personal current taxes, rose by $54.8 billion (0.3 percent) and personal consumption expenditures (PCE) increased by $103.8 billion (0.5 percent).
Tokenization of real-world assets poised for rapid growth, report finds
A report by Roland Berger in October 2023 announced the market value of tokenized assets is projected to surpass $10 trillion by 2030, signaling significant growth and adoption.
U.S economy shows growth as GDP rises by three percent
Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2024, according to the "second" estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP increased by 1.4 percent.
US citizen’s 6 month detention in Nigeria alarms international business community
The six month detention of Tigran Gambaryan, a U.S. citizen and former federal agent, now employed by cryptocurrency exchange Binance, is raising concerns about Nigeria’s international business reputation and its attractiveness to foreign investors.
Real Estate
Berkshire Hathaway disclosed this week that it had reached a settlement in a lawsuit with Pilot Corporation, thereby cancelling the trial that was scheduled to commence on Monday in Delaware.
American Strategic Investment Company announces changes in the board of directors
Abby Wenzel has stepped down from her position on the board of directors at the American Strategic Investment Company (ASIC), a role she held for nine years.
Ansari: 'Only about one in every 10 Chinese buyers is purchasing purely as an investment, which is a big change from the mid-2010s'
Investments made on the U.S housing market by global real estate buyers have declined as a result of rising home and mortgage prices, and the lack of available home options.
Technology
Binance announces investment in decentralized AI platform Sahara AI
Binance announced its investment in Sahara AI, a decentralized blockchain platform, to promote an open and equitable AI economy. Sahara AI aims to ensure AI security, equity, and accessibility by prioritizing sovereignty and provenance in its collaborative approach.
Binance announces Binance Labs investment in aPriori
Binance announced that Binance Labs has invested in aPriori, a project developing MEV-powered liquid staking solutions on the Monad Ethereum-compatible platform. aPriori was incubated during Season 6 of the Binance Labs Incubation Program.
Cell Impact receives order worth SEK 18 million
Swedish company Cell Impact AB has been awarded a 30-month contract involving the production of flow plates, tools, and fixtures. The contract is set to commence this month with deliveries expected to continue until mid-2026.
Pew Charitable Trust announces new Fellows in Marine Conservation
The 2024 Pew fellowship in marine conservation has been awarded to scientists from six countries: the Philippines, Denmark, the United Kingdom, Canada, and the United States.
Trade
Deputy Prime Minister Francisco Kalbuadi Lay of Timor-Leste handed to WTO Director-General Ngozi Okonjo-Iweala the instrument of acceptance of its Protocol of Accession at a meeting of the General Council on July 22, 2024.
Ireland has contributed EUR 200,000 to the Standards and Trade Development Facility (STDF) to bolster global food safety and trade initiatives. This contribution brings Ireland's total donations to over EUR 2.9 million since 2007.