News from October 2021
TricorBraun 'pleased' to acquire Vetroelite
By Trina Thomas | Oct 20, 2021
TricorBraun announced Oct. 12 it will acquire a leading glass packaging supplier to expand its global presence.
IMF staff concludes virtual visit to Uganda
By Andrew Kanyegirire | Oct 20, 2021
A staff team from the International Monetary Fund (IMF) led by Mr. Amine Mati conducted a virtual mission to Uganda from September 27 to October 14, 2021 to discuss the economic outlook, the budget strategy for FY2021/22, and progress with the implementation of reforms under the Extended Credit Facility (ECF) - supported program.
Platform for Collaboration on Tax strengthened support to countries during the COVID-19 pandemic
By Eva Graf | Oct 20, 2021
The Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and the World Bank – enhanced its support to countries in the area of domestic resource mobilization during the COVID-19 pandemic, according to the PCT Progress Report 2021.
IMF Chief Economist Gita Gopinath to return to Harvard University
By Raphael Anspach | Oct 20, 2021
International Monetary Fund (IMF) Managing Director Kristalina Georgieva announced today that Gita Gopinath, the Fund’s Chief Economist and Director of the Research Department, intends to leave the Fund in January 2022 and return to Harvard University’s Economics Department as planned when her public service leave ends.
Volkswagen's Diess: Slow transition to electric could cost 30,000 jobs
By Karla Florez | Oct 19, 2021
According to Reuters, Volkswagen CEO Herbert Diess unveiled projections that suggest the potential reduction of 30,000 jobs within the company if the automaker transitions too slowly to electric vehicles.
IMF team and Ukraine’s authorities reach staff-level agreement on the first review of the stand-by arrangement
By Raphael Anspach | Oct 18, 2021
An International Monetary Fund staff team led by Ms. Ivanna Vladkova Hollar conducted remote discussions with the Ukrainian authorities on the country’s Stand-By Arrangement from September 21 to October 18.
IMF staff completes virtual mission to Lesotho
By Andrew Kanyegirire | Oct 18, 2021
A team from the International Monetary Fund (IMF), led by Mr. Aqib Aslam, conducted a series of virtual missions, most recently from September 7 to October 15, 2021, to discuss the authorities’ economic and financial program and their request for IMF financial support.
Stagwell, Serviceplan Group expand their global presence
By Trina Thomas | Oct 17, 2021
Stagwell has announced in a press release that it is teaming up with Serviceplan Group to serve clients internationally.
'It's a big problem' – Consultant says rising energy prices will narrow profit margins
By Trina Thomas | Oct 17, 2021
IMA Asia Managing Director Richard Martin told CNBC that rising energy prices will create a surge in business costs and narrow profit margins for companies around the globe.
EfficientIP, TD SYNNEX link up in distribution agreement
By Trina Thomas | Oct 17, 2021
EfficientIP, a leading network security provider, has announced in a press release its new distribution agreement with TD SYNNEX.
Original Penguin enters multiyear partnership with Aste Group
By Art Benavidez | Oct 17, 2021
An American apparel brand has announced that it will align with a Brazilian counterpart to enter the Brazilian market during the spring 2022 season.
HGV announces grand opening of Sesoko Island resort
By Trina Thomas | Oct 17, 2021
Hilton Grand Vacations (HGV) has announced in a press release the opening of its new Sesoko Island resort in Okinawa.
Mars announces newest M&M's store in Berlin
By Trina Thomas | Oct 17, 2021
Mars Inc. has announced in a press release the grand opening of its newest M&M's store in Berlin.
CAIC receives top ratings for financial strength and long-term credit
By Trina Thomas | Oct 17, 2021
Caribbean Alliance Insurance Co. (CAIC) announced in an Oct. 13 press release that it has received a Financial Strength Rating of "A" for Excellent and the Long-Term Issuer Credit Rating of "A" for Excellent by AM Best.
IEA warns that energy crisis may impact global economic recovery
By Art Benavidez | Oct 17, 2021
A Paris-based autonomous intergovernmental organization has provided a dire forecast regarding a potential energy crisis.
Sotheby's Iris Estates strives to be 'a leader in luxury real estate in Bulgaria'
By Christina Heath | Oct 17, 2021
Sotheby's International Realty's Iris Estates has joined the network and will now operate under Bulgaria Sotheby's International Realty.
The US overtakes China as global leader in mining of Bitcoin
By Art Benavidez | Oct 16, 2021
The U.S. has taken the lead in developing a digital currency after China made the practice illegal.
Free Spirit company 'thrilled' to bring alcohol-free drinks to Canada
By Christina Heath | Oct 16, 2021
The Free Spirit Company out of Marin County, California, is expanding its non-alcoholic sales into the Canadian marketplace
Instacart expands to Quebec, can serve 90% of Canadian homes
By Art Benavidez | Oct 16, 2021
A leading online grocery platform in North America has announced plans to expand operation in Quebec by boosting same-day delivery availability to 90% of Canadian households.
MINISO plans to open 108 stores in North America
By Art Benavidez | Oct 16, 2021
A Japanese-inspired variety store offering a wide range of selected goods for young people will expand across North America by Dec. 31, according to a press release from MINISO, a Japanese lifestyle product retailer.