News from 2021
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.
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.
IMF director Georgieva disputes allegations of manipulation
By Bree Gonzales | Sep 26, 2021
International Monetary Fund chief Kristalina Georgieva faces allegations that she manipulated the Doing Business Report of 2018 while in a previous role at the World Bank.
Globenet begins construction of second data center in Barranquilla
By Emily Bevard | Sep 26, 2021
Globenet has begun construction on its second edge data center in Barranquilla, Columbia, hoping to expand its current infrastructure and meet demand for colocation and connectivity services, the company announced in a Sept. 20 release.
Zoom acquisition in holding pattern amid scrutiny of China ties
By David Hutton | Sep 26, 2021
The company’s $14.7 billion deal for Five9 draws scrutiny from Justice Department
JPMorgan Chase & Co. under investigation in Brazil oil bribery case
By Karla Florez | Sep 26, 2021
JPMorgan is the target of an investigation related to an oil bribery probe in Brazil. Officials hope to identify a potential connection to a money laundering scheme dating back to 2011 involving Brazilian oil company Petrobras.
IMF's enhanced general dissemination system implemented by Kuwait
By Press Release | Sep 26, 2021
WASHINGTON – Kuwait has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing essential data through the National Summary Data Page (NSDP).
L.A. Lakers close $100M jersey sponsorship deal with Korean food company
By Trina Thomas | Sep 26, 2021
The L.A. Lakers are adding some Asian fusion to their jersey after the top Korean food company paid a high price to sponsor the team.
Axon's Dhir: 'We are excited to partner with the Puebla Police in implementing a TASER device program'
By Andy Nghiem | Sep 26, 2021
Public safety technology firm Axon is partnering with the Puebla Municipal Police Department to equip officers with its TASER conducted electrical devices.
IMF to host virtual seminar Sept. 29-30 on post-COVID-19 development goals
By David Beasley | Sep 26, 2021
The International Monetary Fund will host a virtual seminar Sept. 29-30 on sustainable development goals in the developing world in the post COVID-19 era.
LER TechForce's Drabick: 'Our program is purposely built to ensure veterans find great careers and are valued'
By Art Benavidez | Sep 26, 2021
An Indiana-based company touted as a global leader in functional safety consulting and implementation recently began a program to help military personnel reintegrate back into civilian life.
Entrust acquires Antelop Solutions to 'to meet the challenge of next-generation payment solutions'
By Andy Nghiem | Sep 26, 2021
Digital security and credential issuance company Entrust has entered into an agreement to acquire Paris-based Antelop Solutions, according to a press release.
N.J. Secretary of State Way: $1.25 million in grants will help companies 'succeed when entering the global marketplace'
By Andy Nghiem | Sep 26, 2021
The New Jersey Department of State’s Business Action Center (NJBAC) has received funding to provide $1.25 million in grant awards to local businesses seeking to expand into global markets.
Wynn Resorts CEO Maddox: Reservations from U.K. go from 'zero to hundreds a day'
By Solange DeLisle | Sep 26, 2021
After nearly two years of travel restrictions due to COVID-19, travelers from the U.K. leapt at the chance to make reservations at Sin City hotels after the White House announced it would lessen restrictions on overseas visitors.
Nike shares drop as pandemic-related inventory woes dampen financial outlook
By Solange DeLisle | Sep 26, 2021
The cost of shares for the Oregon-based the athletic footwear giant Nike dipped after the company lowered its revenue forecast for the 2022 fiscal year because of COVID-related supply chain issues.
CNBC game theory model predicts ‘the Quad’ to strengthen against China
By Tamara Browning | Sep 26, 2021
Business news channel CNBC launched an advanced game theory model predicting the increased strength of Australia, India, Japan and the United States, known as the “Quad,” in light of the Quad Leaders’ Summit held Sept. 24 at the White House.