Globe Banner Reports News
Visa program addresses global friendly fraud losses for small businesses
By Globe Banner | Oct 4, 2023
Visa has announced enhancements to its dispute program aimed at helping small businesses combat first-party misuse, also known as friendly fraud, in card-not-present transactions. These changes to Visa's Dispute Rules and Processes will provide small businesses globally with additional resources to tackle fraud, potentially resulting in savings of more than $1 billion over the next five years, according to a press release.
Thai law enforcement official: 'Binance remains an essential ally in our combat against scams and cybercrimes'
By Globe Banner | Oct 3, 2023
Police Lieutenant Colonel Thanatus Kangruambutr, Inspector of the Cyber Support Unit in the High-Tech Crime Division at Thailand's Cyber Crime Investigation Bureau, recently thanked Binance for its assistance in dismantling a group of criminal scammers who preyed on thousands of victims. This operation was the second recent instance in which Binance, the largest cryptocurrency exchange in the world, assisted Thai law enforcement in disrupting organized criminal networks.
U.S. Consulate offers services in Vilcabamba and Loja this October
By Globe Banner | Oct 3, 2023
The U.S. Consulate General in Guayaquil has announced that its representatives will be available to provide notarial services and accept passport applications in Vilcabamba on October 25, 2023, and in Loja on October 26, 2023.
U.S.-Ecuador collaboration enhances healthcare facilities at Shushufindi Hospital
By Globe Banner | Oct 3, 2023
The U.S. Government has invested $1.6 million in the renovation of Shushufindi Hospital, located in Sucumbíos, Ecuador.
DG Okonjo-Iweala urges WTO members to prioritize development goals at MC13
By Globe Banner | Oct 2, 2023
During the 6th South-South Dialogue on Least-Developed Countries (LDCs) and Development, Director-General Ngozi Okonjo-Iweala emphasized the potential of the upcoming 13th Ministerial Conference (MC13) to advance trade outcomes in alignment with LDCs' development goals. Nearly 80 representatives from LDCs and their collaborators participated in the gathering to deliberate on trade and development priorities in preparation for MC13 according to a press release.
Nonprofit law firm asks Court to dismiss SEC lawsuit against Binance
By Globe Banner | Oct 2, 2023
Investor Choice Advocates Network (ICAN), a nonprofit public interest litigation organization, filed an amicus brief with the U.S. District Court of Washington, D.C., asking the Court to dismiss the U.S. Securities and Exchange Commission's (SEC) lawsuit against Binance, the largest crypto exchange in the world. ICAN cited the SEC's attempt to extend its jurisdiction outside of the U.S. and its "ambiguous" application of securities laws as reasons the lawsuit against the crypto giant should be dismissed.
OAS honors late Senator Dianne Feinstein with moment of silence
By Globe Banner | Oct 2, 2023
The Organization of American States (OAS) Permanent Council observed a moment of silence to honor the memory of Senator Dianne Feinstein.
IMF Concluding Statement of 2023 Article IV Mission: San Marino has prospered economically
By Globe Banner | Sep 29, 2023
The International Monetary Fund's staff report in the concluding statement of the 2023 Article IV Mission reveals that San Marino has experienced economic prosperity, despite the weakening European economy as a whole. The manufacturing and tourism sectors in San Marino have even surpassed pre-COVID levels.
Saudi Arabia, undergoing an economic transformation
By Globe Banner | Sep 29, 2023
Amine Mati and Sidra Rehman, both part of the IMF’s Middle East and Central Asia Department, report an immaculate transformation in the Saudi Arabian economy, as it implements new reforms around oil dependence, income sources, and competitiveness. The IMF’s Middle East and Central Asia Department reports that "Saudi Arabia’s economy is undergoing a transformation, as it implements reforms to reduce oil dependence, diversify income sources, and enhance competitiveness. This year marks an important juncture as the midpoint of Saudi Arabia’s ambitious Vision 2030 journey."
The IMF Executive Board approves a $1.3 billion arrangement for Morocco's sustainability
By Globe Banner | Sep 29, 2023
On September 28, 2023, the International Monetary Fund's executive board approved an arrangement with Morocco that will support its movement to a more sustainable and greener economy. The arrangement amounted to SDR 1 billion (about US$ 1.32 billion, equivalent to 112 percent of quota).
France welcomes U.S. crypto companies looking for legal certainty
By David Beasley | Sep 29, 2023
As Europe implements a regulatory framework for digital assets, a French regulator has invited American crypto industry participants to come to France if they want legal certainty, CoinDesk reported.
Binance's Compliance with MiCA Law May Reshape Stablecoin Market in Europe
By Globe Banner | Sep 29, 2023
Binance France will delist stablecoins for the European market by next June if necessary to comply with standards laid out by the Markets in Crypto-Assets (MiCA) law.
IMF: 'new research finds that many countries have the potential to increase their tax-to-GDP ratios'
By Globe Banner | Sep 29, 2023
The International Monetary Fund (IMF) has released a report highlighting the potential for countries to increase their tax-to-GDP ratios, allowing for the provision of critical government services. The report states that through better tax design and stronger public institutions, many countries have the potential to increase their tax-to-GDP ratios by as much as 9 percentage points.
President of the Center for Global Development steps down at the end of the year
By Globe Banner | Sep 29, 2023
Masood Ahmed, the President of the Center for Global Development (CGD), has announced his decision to step down at the end of the year. Ahmed has been in the position for seven years and has played a crucial role in the organization's growth and impact.
Leading crypto exchange Binance files motion to dismiss SEC lawsuit
By Globe Banner Report | Sep 27, 2023
Binance, the largest crypto exchange in the world, and Changpeng Zhao (CZ), the exchange's CEO and founder, have filed a motion to dismiss the U.S. Securities and Exchange Commission's (SEC) lawsuit. Binance and CZ argued that Congress needs to legislate regulations for digital assets before the SEC can claim authority over crypto.
U.S. Embassy plans live auction for used government property in April
By Globe Banner | Sep 27, 2023
The U.S. Embassy is set to hold a live auction of used and excess government property on April 20, 2024.
Crypto giant Binance sells Russian business to CommEX
By Globe Banner | Sep 26, 2023
Binance, the largest cryptocurrency exchange in the world, announced that it is exiting Russia, selling that portion of its business to CommEX. The decision to sell the entirety of the exchange's Russian business was due to the fact that "operating in Russia is not compatible with Binance's compliance strategy," according to Binance Chief Compliance Officer Noah Perlman. Binance will continue to focus on the more than 100 other countries in which it operates.
TechNavio predicts the indium tin oxide market to grow by USD 213.87 million
By Globe Banner | Sep 25, 2023
TechNavio, a market research report corporation, predicts that the indium tin oxide market will begin increasing by a CAGR of 5.24%, reaching USD 213.87 million over a forecast period of 2023-2027. Factors of this increase include a growing dependency on renewable energy.
The global very light jet market size reaches $5.3 Billion in 2022, predicted to grow to $8.2 billion by 2028
By Globe Banner | Sep 25, 2023
ResearchAndMarkets of PRNewswire reports that the global very light jet market is expected to reach $8.2 billion by 2028, growing at a compound annual growth rate of 7.45%. The market size reached $5.3 billion in 2022, indicating significant growth over the next few years.
Public debt in sub-Saharan Africa has risen to levels not seen in decades
By Globe Banner | Sep 25, 2023
With a debt crisis looming in Africa, economists of the International Monetary Fund (IMF) have outlined five key policy points that African governments could take to impede the rising public debt in sub-Saharan Africa. According to an IMF paper, public debt in the region has reached levels not seen in decades, with the average debt ratio almost doubling in just a decade.