Globe Banner Reports News
US supports EU stance on Slovak legal reforms
By Globe Banner | Dec 7, 2023
The United States has expressed agreement with the European Commission regarding the proposed reforms to Slovakia's special prosecutor’s office.
U.S. Department of State invites applications for YTILI Fellowship Program
By Globe Banner | Dec 6, 2023
The U.S. Department of State is inviting young business or social entrepreneurs to apply for the 2024 Young Transatlantic Innovation Leaders Initiative (YTILI) Fellowship Program.
Citizens Holding Group voluntarily leaves NASDAQ
By Globe Banner | Dec 5, 2023
Citizens Holding Company revealed last week its decision to voluntarily deregister their common stock and delist from the NASDAQ Global Market. The holding company operates a single bank, headquartered in Philadelphia, Mississippi.
BusinessEurope Reacts to EU Co-legislators' Deal on Ecodesign for Sustainable Products Regulation
By Globe Banner | Dec 5, 2023
BusinessEurope Reacts to EU Co-legislators' Deal on Ecodesign for Sustainable Products RegulationDec 5 2023Commenting on the political agreement reached last night by EU co-legislators on the proposal for an Ecodesign for Sustainable Products Regulation, BusinessEurope Director General Markus J. Beyrer expressed his views on the matter. Beyrer stated, "We welcome the deal on the ecodesign proposal, but concerns remain about the feasibility of information requirements."Beyrer further elaborated on the potential impact of the ecodesign regulation, stating, "The...
Citi partners with Traydstream for enhanced document services
By Globe Banner | Dec 4, 2023
Citi, a multinational investment bank, has announced its collaboration with Traydstream, an innovative trade documentation solutions provider. This partnership seeks to provide clients with superior and automated processing of trade documents.
Leading crypto exchange participates in Hong Kong Police Force's crime course
By Globe Banner | Dec 4, 2023
Binance, the world's leading cryptocurrency exchange, recently collaborated with the Hong Kong Police Force (HKPF) Commercial Crime Bureau's (CCB) for a Commercial Crime Advanced Course. This engagement was carried out from November 29 to December 1 at the Hong Kong Police Headquarters.
OAS discusses escalating political crisis in Guatemala
By Globe Banner | Dec 4, 2023
The Organization of American States (OAS) Permanent Council convened to address the ongoing transition situation in Guatemala.
Israel commits to allow Gazan non-combatants to return to the north, when secured
By Coach Weinhaus | Dec 4, 2023
Israel is committed to allowing Gazan non-combatants who have left the region to return to North Gaza when it is secured, an Israeli spokesman said.
BitMEX co-founder: 'The treatment of CZ and Binance is absurd'
By Globe Banner | Dec 1, 2023
Arthur Hayes, co-founder and former CEO of crypto derivatives exchange BitMEX, has expressed his criticism towards the penalties imposed by the U.S. government on crypto exchange Binance and its founder Changpeng Zhao (CZ), considering them disproportionate to the alleged offenses. In a post on Substack dated November 27, Hayes compared these punishments to those faced by executives from major traditional financial institutions for their own missteps, which he believes were far more serious in nature.
Attorney: Binance-DOJ settlement is 'very different than FTX and SBF'
By Globe Banner | Nov 30, 2023
Attorney John Deaton, a managing partner of Deaton Law Firm, said he believes Binance's assertion that it backs all of its users' funds 1:1 is truthful because the government would have discovered it if it wasn't during its investigation into the company. He presented his perspective in a video on November 28, pointing out the contrast between Binance's and failed crypto exchange FTX's situations.
Bloomberg Philanthropies, Goldman Sachs mobilize $500M for clean energy in South and Southeast Asia
By Globe Banner | Nov 29, 2023
Goldman Sachs, along with Bloomberg Philanthropies, announced the $25 million philanthropic concessional capital from the Climate Innovation and Development Fund (CIDF) to support sustainable low-carbon economic development in South and Southeast Asia. This was part of their effort to attract substantial investments towards clean energy and sustainable development across emerging markets.
JPMorgan Chase invests $70 million for economic opportunity in France
By Globe Banner | Nov 29, 2023
JPMorgan Chase announced a $70 million initiative aimed at fostering economic opportunities for individuals and entrepreneurs in France. This venture, set to create the Spark France investment initiative, seeks to direct funds towards women-led organizations and those contributing to societal impact.
Columbia professor: ‘Binance's net contribution to a more inclusive financial system is something to be commended’
By Globe Banner | Nov 29, 2023
Omid Malekan, an author and adjunct cryptocurrency professor at Columbia Business School, said in a Nov. 22 post on X that Binance, the largest crypto exchange in the world, has been more successful than many traditional financial institutions in expanding financial inclusion to underserved populations. The platform's wide reach and user-friendly tools are key components of this success.
European business message for COP28 - All G20 countries should commit to 2030 targets
By Globe Banner | Nov 29, 2023
COP28, starting on 30 November in Dubai, is an important moment for international climate negotiations. BusinessEurope Director General Markus J. Beyrer emphasized the importance of all G20 countries committing to ambitious 2030 targets. Beyrer stated, "European business stands firmly behind the Paris Agreement. However, with the EU counting for 7% of current global CO2 emissions and only 4-5% by 2030, it is critical that all G20 countries agree to similarly ambitious 2030 targets. They must also commit to implementing concrete, transparent and reliable transformation...
Liechtenstein contributes CHF 40,000 to WTO Fisheries Funding Mechanism
By Globe Banner | Nov 26, 2023
The World Trade Organization (WTO) announced Liechtenstein has pledged CHF 40,000 to the WTO Fisheries Funding Mechanism as Ambassador Kurt Jäger presented this contribution to WTO Director-General Ngozi Okonjo-Iweala. The donation is to aid developing and least-developed members in implementing the Agreement on Fisheries Subsidies. This generous act reinforces Liechtenstein's commitment towards global sustainability and international cooperation.
EU contributes EUR 1 million to WTO Fisheries Funding Mechanism
By Globe Banner | Nov 24, 2023
The World Trade Organization (WTO) announced a multi-year donation of EUR 1 million to the WTO Fisheries Funding Mechanism. Ambassador João Aguiar Machado formally presented this contribution to WTO Director-General Ngozi Okonjo-Iweala, with the funds dedicated to supporting the implementation of the Agreement on Fisheries Subsidies among developing and least-developed members. The donation is part of a larger effort by the European Union and its member states to foster sustainability in marine fisheries worldwide.
Norway contributes NOK 9 million to WTO Fisheries Funding Mechanism
By Globe Banner | Nov 24, 2023
The World Trade Organization (WTO) announced Norway has committed NOK 9 million (about CHF 730,500) to the WTO Fisheries Funding Mechanism. This financial support from Norway, presented by WTO Ambassador Petter Ølberg to Director-General Ngozi Okonjo-Iweala, is intended to assist developing and least-developed members in effectively implementing the Agreement on Fisheries Subsidies. This move reinforces Norway's continued commitment towards global marine sustainability.
Business Message to Belgian EU Presidency: Tackle Short-Term Challenges and Empower European Economy
By Globe Banner | Nov 24, 2023
On November 24, 2023, the Presidents and Directors General of BusinessEurope’s member federations gathered in Brussels to present their priorities for the incoming Belgian Presidency of the Council of the European Union. BusinessEurope President Fredrik Persson highlighted the importance of the upcoming presidency, stating, "The European economy is growing even more sluggishly in the first half of 2023, and the six months of the Belgian Presidency will be crucial."Persson urged the Belgian Presidency to focus on finalizing proposals essential for the competitiveness and...
Citi finalizes sale of Indonesia Consumer Banking Division to UOB
By Globe Banner | Nov 22, 2023
Citi announced the completion of the sale and migration of its Indonesia consumer businesses to UOB Indonesia (UOBI), covering retail banking, credit card, and unsecured lending businesses, along with employee transfers. The sale of these consumer businesses to UOB has generated a regulatory capital benefit of around US$1.1 billion. This move is part of Citi's larger strategic plan to exit consumer banking in various global markets.
CME Group set to introduce €STR options in Q1 2024
By Globe Banner | Nov 22, 2023
CME Group announced plans to introduce options on €STR futures, with the launch scheduled for the first quarter of 2024. These new offerings will be listed and governed by the regulations of CME, providing more avenues for market participants to navigate economic uncertainty and manage their risk in European interest rate markets.