News from October 2021
World Bank Group president urges global pandemic recovery efforts: 'Progress on poverty has been set back by years'
By Savannah Howe | Oct 14, 2021
On Wednesday, Oct. 13, the World Bank Group (WBG) held the opening press conference to its 2021 Annual Meetings Week, where WBG President David Malpass outlined the group's current priorities: reducing debt in low-income countries, COVID-19 vaccine distribution and climate change.
Scala Data Centers to fill 100 positions as company's Latin America expansion continues
By Karen Kidd | Oct 14, 2021
A Brazil-based data center platform company is looking for dozens of new employees as it expands its operation throughout Latin America, according to a news release issued this week.
Samsung close to deal on $17 billion chip factory in Texas
By George Willis | Oct 13, 2021
Samsung Electronics is close to finalizing a deal to build a $17 billion semiconductor factory in Williamson County, Texas.
Advatix expands footprint into Latin America with Up-Time acquisition
By Benjamin Kibbey | Oct 13, 2021
Advatix, Inc. recently expanded its eCommerce supply chain and logistics solutions footprint into Latin America with the acquisition of Up-Time, an operations consulting and engineering solutions firm based in Santiago, Chile.
Retro Fitness adds yoga and meditation series to app and website
By Benjamin Kibbey | Oct 13, 2021
National fitness franchise Retro Fitness is adding yoga and meditation tools to its mobile app and website with the cooperation of internationally-known yogi Sadhguru.
Marketing company Rosie Labs reaches 'hotbed of technological innovation' by expanding to Israel
By Solange DeLisle | Oct 13, 2021
New York City-based marketing company Rosie Labs has expanded for the first time with the opening of a location in Tel Aviv, Israel to help rapidly-growing companies there enter the U.S. market.
TCL Electronics signs on as official TV partner for Activision’s Call of Duty: Vanguard
By Emily Bevard | Oct 13, 2021
TCL Electronics will be the official TV partner for video game publisher Activision as they near the release of Call of Duty: Vanguard next month.
Ireland joins international minimum tax agreement, position as corporate haven uncertain
By Benjamin Kibbey | Oct 13, 2021
Facing pressure from the administration of U.S. President Joe Biden, Ireland has stepped away from its position as a haven for global companies with the abandonment of the country's low-tax business model.
'We pride ourselves on offering up the best to our customers:' 7-eleven opens first store in India
By Timothy Stuckey | Oct 13, 2021
Retail chain 7-eleven recently launched its first store in India's largest city, introducing its trademark services, food, and beverages to the country.
Chargepoint announces acquisitions in Europe, North America
By Timothy Stuckey | Oct 13, 2021
ChargePoint Holdings, Inc. has recently announced the completion of its purchase of has·to·be, a leading European electric mobility platform
Real estate firm increases 'global' reach with US, international partners
By David Beasley | Oct 13, 2021
Luxury Portfolio International, a U.S. based marketing agency for luxury real estate, has added partners in the U.S. Europe and the Middle East, a news release said.
ViewSonic partners with Hustle Fund to launch 'Acceleration for All Awards’
By Emily Bevard | Oct 13, 2021
ViewSonic, which is based in Brea, California, will team up with Hustle Fund, a venture capital firm with operations in the United States and Singapore, to launch the Acceleration for All Awards, giving entrepreneurs a jump start on their business ideas.
Report: G-20 banks, asset managers face trillions in exposure to carbon-intensive industries
By David Beasley | Oct 12, 2021
Banks and asset managers in the world's richest economies face a $22 trillion exposure to carbon-intensive sectors such as manufacturing and oil and gas, the Economic Times reported, citing a study by Moody's Investor Services.
Minnesota's Calyxt teaming with Asian food ingredient manufacturer for palm oil substitute
By David Hutton | Oct 12, 2021
In an effort to develop a better soybean that could produce oils serving as a commercial alternative to palm oil, Minnesota-based Calyxt Inc. is teaming up with an Asian food ingredient manufacturer to come up with the plant.
U.S. residents' liabilities abroad grow more than their assets in second quarter of 2021
By David Beasley | Oct 12, 2021
The difference between the amount U.S. residents hold in foreign financial assets and the amount of foreign liabilities they have increased in the second quarter of 2021, with liabilities growing more than assets, The U.S. Bureau of Economic Analysis reported.
Muller: Pacific Island Tuna to benefit 'both people and the planet'
By Solange DeLisle | Oct 12, 2021
Leading conservation organization The Nature Conservancy (TNC) announced earlier this month that it has teamed up with the Republic of the Marshall Islands (RMI) to reshape the world's canned tuna supply chain.
Genius Sports and PointsBet to enhance sports betting experience with partnership
By Solange DeLisle | Oct 12, 2021
Genius Sports and PointsBet have announced their plans to strengthen their content and streaming abilities through an expanded partnership with the NFL, which will see that PointsBet is provided a full range of sportsbook data services to the league.
Statement by the IMF Executive Board on its review on the investigation of the World Bank’s Doing Business 2018 Report
By Press Release | Oct 12, 2021
The IMF Executive Board met today to conclude its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report.
Sotheby's expands into Jamaica: 'The island offers promise to buyers'
By John Kelly | Oct 12, 2021
Sotheby's International Realty has partnered with Reside Realty Ltd to open its first office in Jamaica following its recent expansion into St. Kitts and Nevis.
ANZ supports NSW's SME stock guarantee ahead of festive season
By Globe Banner | Oct 12, 2021
ANZ has expressed approval for the New South Wales Government's initiative to assist small and medium-sized enterprises (SMEs) as they prepare for the upcoming summer season amid easing COVID-19 restrictions.