News from September 2021
Global Leader Group expanding into Africa, UK and Middle East
By Christina Heath | Sep 30, 2021
Global Leader Group is launching its new entity, Global Leader Group EMEA, for the Middle Eastern, African and European regions, a press release said.
Ara Partners expanding in Europe with new Dublin office opening
By Christina Heath | Sep 30, 2021
Private equity firm Ara Partners is expanding its presence in Europe with a new office opening in Dublin, Ireland, and hiring five key investment professionals, a press release said.
IMF Executive Board Concludes Second and Third Reviews of the Extended Fund Facility for Ecuador and 2021 Article IV Consultation
By Hayley Flynn | Sep 30, 2021
Press Release: The IMF Executive Board concluded yesterday the combined second and third reviews of the 27-month Extended Fund Facility (EFF) for Ecuador, allowing for an immediate disbursement equivalent to about US$800 million. The Executive Board also concluded the 2021 Article IV consultation.
U.S., Ukraine sign memorandum of understanding over trade
By Trina Thomas | Sep 30, 2021
U.S. Secretary of Commerce Gina Raimondo earlier this month signed a memorandum of understanding (MOU) outlining areas of renewed cooperation on trade with Ukrainian First Deputy Prime Minister and Minister of Economy Oleksiy Lyubchenko.
Cambium Networks works on ‘transforming connectivity demands’ in Australia with new wireless network offering
By Karla Florez | Sep 30, 2021
Cambium Networks confirmed plans to establish a multi-Gigabit Fixed Wireless Network in Australia.
'Taxation in a digitalizing economy even more important' as Asian countries become increasingly digitalized
By Andy Nghiem | Sep 30, 2021
Asian government entities are considering how to update antiquated taxation methods as their economies are increasingly becoming digitalized.
Canadian Pacific and Kansas City Southern combine, creating 'first single-line rail network' linking U.S.-Mexico-Canada
By Valerie Bonk | Sep 30, 2021
Canadian Pacific Railway Limited and Kansas City Southern will merge to create a much larger and more competitive network, operating approximately 20,000 miles of rail, employing close to 20,000 people and generating total revenues of approximately $8.7 billion based on 2020 actual revenues, according to a press release.
'The recovery, however, is not assured': IMF report optimistic about economy in second half of year, but highlights potential pitfalls
By John Kelly | Sep 30, 2021
On its way to recovery, the global economy is projected to grow 6% in 2021 and 4.9% in 2022, the International Monetary Fund reported.
Gross Domestic Product, (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2021
By Hayley Flynn | Sep 30, 2021
Press Release: Real gross domestic product (GDP) increased at an annual rate of 6.7 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic.
IMF on United Arab Emirates mission: 'Economic recovery has begun to strengthen'
By Press Release | Sep 30, 2021
The International Monetary Fund has issued the following press release: End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country.
Florida mulls pulling financial support for Ben & Jerry’s, Unilever over Israel stance
By David Hutton | Sep 30, 2021
Ben & Jerry’s recently announced it would stop selling products in “occupied Palestinian territory,” which spurred the action
'We're always exploring where we can drive greater impact:' McDonalds to end plastic in Happy Meals
By Valerie Bonk | Sep 30, 2021
McDonald's is working on eliminating the plastic toys in its Happy Meals while keeping the fun.
Uber CEO Khosrowshahi: 'We are very clearly on the path to profitability'
By David Hutton | Sep 30, 2021
After investing to increase driver ranks, Dara Khosrowshahi expects to see fares start to fall
OECD lowers forecasts for U.S., global economic growth
By Caleb Lombardo | Sep 30, 2021
Despite a relatively strong ongoing recovery from the coronavirus pandemic from an economic standpoint, the OECD released a report this month that tempers expectations in the coming months.
IMF chief scrutinized for alleged pressure to lift China's ranking in annual report
By Caleb Lombardo | Sep 30, 2021
International Monetary Fund (IMF) Chief Kristalina Georgieva is under fire this month after she reportedly pressured staff to boost China's rankings in the "Doing Business" report.
Procter & Gamble commits to helping Hispanic communities
By Caleb Lombardo | Sep 30, 2021
Procter & Gamble has committed to several initiatives to advance causes important to company leadership as well as the company's customers.
Present-day snakes may have evolved from ancestors of asteroid that wiped out dinosaurs
By Vicky Just | Sep 28, 2021
A new study suggests that all living snakes evolved from a handful of species that survived the giant asteroid impact that wiped out the dinosaurs and most other living things at the end of the Cretaceous.
JPMorgan to launch digital bank in the UK
By David Beasley | Sep 27, 2021
The trend of all-digital banking by mainstream companies continues as JP Morgan will be opening a digital bank in the United Kingdom, CNBC reported.
Virtual coaching company BetterUp acquires two software firms
By David Beasley | Sep 27, 2021
BetterUp, a San Francisco-based company specializing in virtual coaching, counseling, and mentorship has acquired software companies Motive and Impraise, according to a news release.
Asia Capital seals loan agreement to continue ‘superior execution and access to reliable streams of capital’
By Karla Florez | Sep 26, 2021
Asia Capital Real Estate recently secured $360 million worth of loans to support its rapidly rising market growth.