News from 2021
International Air Transport Association says 'the path to recovery is coming into view'
By James Niedzinski | Oct 10, 2021
An industry trade group anticipates the global airline market will lose about $12 billion next year, or down 78% compared to 2021 profits, as it recovers from the COVID-19 pandemic.
Skyservice offers private aircraft sustainable fuel to reduce 'CO2 emissions' in Canada
By David Beasley | Oct 9, 2021
Skyservice Business Aviation is offering sustainable fuel for private aircraft clients in Canada, a news release said.
Musk: Tesla will expand ‘investment' in China’
By Kasey Schefflin-Emrich | Oct 9, 2021
Elon Musk revealed that Tesla plans to increase its presence in China.
General Motors and General Electric ally to study rare earth materials to obtain 'key materials' for electric vehicles
By James Niedzinski | Oct 9, 2021
Two generals of the industrial and automotive manufacturing industries have paired up to study the use of rare earth elements for electric vehicles and renewable energy equipment.
OTTera China expansion brings OTT video to ‘swath of users’
By Emily Bevard | Oct 9, 2021
OTTera has expanded its reach to China, citing ample user, advertising and media publishing opportunities to serve the international market.
Trade official Tai plans to enforce trade agreement with China 'to defend the interests of America'
By Trina Thomas | Oct 9, 2021
U.S. Trade Representative Ambassador Katherine Tai recently outlined how the Biden administration will handle China trade strategy during a speech to the Center for Strategic and International Studies.
World Bank's Malpass: 'By working together, we will build a better development path'
By Bree Gonzales | Oct 9, 2021
David Malpass, World Bank Group president, gave a speech from Khartoum, Sudan, whose theme was Development in a Time of Upheaval.
'This is an incredibly exciting time for WatchBox;' company on track to surpass $300 million in revenue for 2021
By Andy Nghiem | Oct 9, 2021
WatchBox recently announced that it will reach $300 million in net revenue for 2021
IMF explains potential risks to international inflation recovery
By Andy Nghiem | Oct 9, 2021
The International Monetary Fund (IMF) recently released a report detailing the risks of global inflation and called current inflation scares "uncharted territory.
IMF Executive Board recommends continued diligence and added reforms for Belgium's economy
By Bree Gonzales | Oct 9, 2021
Commendations on its pandemic response and its employment measures were two positive takeaways from the conclusion of the Article IV consultation with Belgium. Further efforts in some areas have been recommended by the International Monetary Fund’s Executive Board.
Dairy.com acquires India-based Mr.Milkman
By Andy Nghiem | Oct 9, 2021
American dairy company Dairy.com recently announced that it will expand its development and delivery platform and triple the size of its staff with its new acquisition of Mr.Milkman.
WTO forecasts rise in global trade
By Art Benavidez | Oct 8, 2021
Worldwide trade has recovered faster than anticipated in 2021 with the World Trade Organization (WTO) forecasting global trade to rise 10.8% in 2021, a 2.8% increase from the 8% forecast in March of this year and 4.7% growth by 2022.
Social media platform Fanbase goes global
By David Beasley | Oct 8, 2021
Atlanta-based Fanbase has gone global.
Real estate broker Corcoran Group expands to the Bahamas
By David Beasley | Oct 8, 2021
New York-based real estate brokerage Corcoran Group, LLC is expanding to the Bahamas.
FSB and IMF Publish 2021 Progress Report on the G20 Data Gaps Initiative
By Press Release | Oct 8, 2021
The Financial Stability Board (FSB) and International Monetary Fund (IMF) today published the Sixth Progress Report - Countdown to December 2021 on the implementation of the Second Phase of the G20 Data Gaps Initiative (DGI-2).
The IMF Executive Board Extends Debt Service Relief for 24 Eligible Low-Income Countries
By Press Release | Oct 8, 2021
Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved on October 6, 2021 a fourth tranche of debt service relief from the Catastrophe Containment and Relief Trust (CCRT) for 24 member countries with eligible debt falling due in the period through January 10, 2022.
ANZ partners with Visa for credit card instalment payments launch
By Globe Banner | Oct 8, 2021
ANZ has announced a collaboration with Visa to introduce a new feature for credit card users, allowing them to pay for purchases in instalments.
Intermedia Cloud Communications opens new office in Japan
By Zachary Richter | Oct 8, 2021
Intermedia Cloud Communications, a leading cloud communications provider, has opened a new office in Japan to support its growing market.
Today Common confirms expansion plans in the U.K.
By Art Benavidez | Oct 8, 2021
The fastest-growing real estate brand in the U.S. has announced plans to expand internationally.
National Corporate Housing to acquire Dublin-based Scandik
By Ariana Chiarenza | Oct 8, 2021
National Corporate Housing announced this week plans to acquire the Dublin-based property servicer Scandik.