News from 2021
DoorDash expansion includes alcohol deliveries: 'We've been able to create more economic opportunities.'
By Carrie Bradon | Oct 1, 2021
DoorDash has announced expansion plans that include branching into alcohol deliveries and more.
'We are thrilled': NFL to partner with Dapper Labs
By John Kelly | Oct 1, 2021
The NFL Players Association struck a deal with Canada-based Dapper Labs to create exclusive digital video highlight NFTs (non-fungible tokens) for fans around the world.
Critics say Google, Apple commitment to human rights is more talk than action
By George Willis | Oct 1, 2021
Google and Apple claim to respect human rights, but critics claim the technology companies continue to give authoritarian leaders in foreign nations unprecedented power to control access to information.
IMF Executive Board Concludes Second and Third Reviews of the Extended Fund Facility for Ecuador and 2021 Article IV Consultation
By Hayley Flynn | Oct 1, 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.
Elon Musk regains title of world's richest person
By John Kelly | Oct 1, 2021
Elon Musk is now the world’s richest person, rising to status of the third person in history to be worth upwards of $200 billion.
FedEx Logistics launches Seoul office: Korea 'key player in international trade'
By David Beasley | Oct 1, 2021
As part of its global expansion program, FedEx Logistics has opened an office in Seoul, South Korea, according to a news release.
Statement by IMF Managing Director Kristalina Georgieva at the conclusion of a meeting with UNECA and African Ministers of Finance on COVID-19
By Press Release | Oct 1, 2021
The International Monetary Fund has issued the following press release:Washington, D.C.: Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) met today with African Ministers of Finance and representatives from the United Nations Economic Commission for Africa (UNECA) to discuss Africa’s response to the COVID-19 pandemic and the efforts for a sustainable, green, and inclusive recovery.At the conclusion of the meeting, Ms. Georgieva made the following statement:“The COVID-19 pandemic caused an unprecedented recession in Africa in 2020.
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