Former Binance CEO: 'Words cannot explain how deeply I regret my choices'
Changpeng Zhao, commonly known as CZ, the co-founder and former CEO of cryptocurrency exchange Binance, expressed regret over his actions that violated the Bank Secrecy Act. In a letter filed in court on April 23 ahead of his sentencing on April 30, he stated that he would strive to live his life "in a manner that will make everyone proud."
Proposed Agenda Items for the Dispute Settlement Body Meeting on April 26, 2024
Items proposed for consideration at the next meeting of the Dispute Settlement Body on April 26, 2024 include a range of topics. According to the agenda, the meeting will focus on addressing various issues related to international disputes and trade.The proposed agenda items were highlighted in a recent announcement, with one of the key points being, "." This suggests that a significant discussion will be centered around this particular subject during the upcoming meeting.Furthermore, the meeting is scheduled to delve into specific matters with the intention of...
World Bank Provides Additional Support to Malawi for Food Crisis Response
WASHINGTON, April 26, 2024 — The World Bank has announced additional support for Malawi to assist in the response to the severe food crisis affecting millions in the country. The support comes in the form of a quick-release of $57.6 million through the Catastrophe Deferred Drawdown Option (CAT-DDO), aimed at providing immediate liquidity to address the pressing food security situation exacerbated by El Niño conditions and a series of intense disaster events.According to Hugh Riddell, World Bank Country Manager for Malawi, "Malawi, together with the wider Southern Africa...
Economics
International Monetary Fund launches regional office in Riyadh, Saudi Arabia during regional conference
The International Monetary Fund (IMF) has announced the establishment of a new regional office in Riyadh, Saudi Arabia. The inaugural director of this office will be Abdoul Aziz Wane, a Senegal national with prior experience at the IMF.
Healthmark Services Limited partners with JFCRx as supplier of pharmacy adherence technologies
Canadian pharmacies are set to enhance patient safety and adherence through the introduction of new automation equipment and software. This development is a result of a partnership between JFCRx and Healthmark Services Limited, as disclosed in a recent news release.
International Monetary Fund selects Kristalena Georgieva for a second term as Managing Director
The International Monetary Fund's (IMF) Executive Board announced last week that Kristalena Georgieva has been selected to serve a second term as IMF Managing Director. Georgieva's second term will commence in October and span five years.
Letta Report: A significant call for a reboot of the EU Single Market
BusinessEurope welcomes today’s publication of Enrico Letta’s report on the future of the EU Single Market, with Director General Markus J. Beyrer commenting that "We very much agree with the key message of the Letta report: it is time to reboot the EU Single Market for today’s “large world”. This should be driven by the fundamentals of the four freedoms of the Single Market, keeping a strong focus on free trade and openness."Mr Letta rightly draws attention to the worrying trend of companies and investment leaving the European Union due to an overly complex and...
EU Elections: BusinessEurope Calls for Reboot to Enhance European Competitiveness
BusinessEurope has launched its campaign for policy changes for the next EU political cycle, under the motto ‘Reboot Europe’. Commenting on the necessary actions for Europe in the upcoming years, BusinessEurope President Fredrik Persson emphasized the importance of competitiveness, stating, "Faced with multiple geopolitical risks and economic uncertainty, the EU must put competitiveness at the forefront and use the next EU cycle to reboot its policies for today’s challenges."Persson highlighted the need for the EU to focus on improving its attractiveness as an investment...
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
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.
UAE Advanced Technology Research Council teams up with Uzbekistan’s Ministry of Digital Technologies to accelerate adoption of Falcon AI
Uzbekistan’s Ministry of Digital Technologies has announced plans to explore and encourage the adoption of Falcon large language models (LLMs) and solutions powered by Falcon artificial intelligence (AI). In this endeavour, they will be supported by the United Arab Emirates' Advanced Technology Research Council (ATRC), which will provide technical expertise for the integration of AI in government services and technological infrastructure.
Uruguay Foreign Minister Omar Paganini participates in signing of Artemis Accords
Uruguay has become the 36th nation to join the Artemis Accords, a ceremony marking this event took place earlier this week. The Artemis campaign, led by NASA, aims to send the first person of color, the first woman, and its first international partner astronaut to the moon.
Trade
In her keynote address at the 2024 Hispanic Chamber of Commerce Legislative Summit, Under Secretary of Commerce for International Trade Marisa Lago highlighted the work of The International Trade Association (ITA) in finding international partners for business owners, including those who are Hispanic-owned. Lago, representing the U.S. International Trade Administration, also discussed the ITA's efforts to liaise with foreign governments and U.S. companies operating overseas to eliminate trade barriers and advocate for transparent business practices.
A workshop held by the World Trade Organization (WTO) recently allowed participants to assess the incentives for technology transfer under the TRIPS Agreement, focusing on the challenges and experiences of Least Developed Countries (LDCs) in utilizing technological advancements for economic development.During the workshop, WTO Deputy Director-General Johanna Hill highlighted the significant efforts made by developed members in submitting 318 reports since 2003, detailing actions related to technology transfer in accordance with Article 66.2 of the TRIPS Agreement....
Items proposed for consideration at the next meeting of the Dispute Settlement Body on April 26, 2024 include a range of topics. According to the agenda, the meeting will focus on addressing various issues related to international disputes and trade.The proposed agenda items were highlighted in a recent announcement, with one of the key points being, "." This suggests that a significant discussion will be centered around this particular subject during the upcoming meeting.Furthermore, the meeting is scheduled to delve into specific matters with the intention of...