News from August 2023
Ukraine formally accepts Agreement on Fisheries Subsidies: 'I’m extremely pleased to receive Ukraine's formal acceptance of the WTO's Agreement on Fisheries Subsidies in the face of such extraordinary challenges'
By Andy Nghiem | Aug 18, 2023
On Aug. 17, the World Trade Organization (WTO) announced that Ukraine has officially submitted its instrument of acceptance for the Agreement on Fisheries Subsidies. WTO Director-General Dr. Ngozi Okonjo-Iweala received Ukraine's instrument from Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko during a visit to Kyiv.
Babej On Citi Sale of Taiwan consumer business: 'We remain committed to growing our market-leading institutional franchise and supporting clients in the market'
By BD | Aug 17, 2023
Citi announced the completion of the sale and migration of its Taiwan consumer businesses to the Singapore bank DBS on Aug. 14. The agreement, originally disclosed in January 2022, includes retail banking, credit cards, mortgages, and unsecured lending and involves the relocation of approximately 3,000 staff members to DBS's domain, a Citi release said.
U.S., Ecuador extend cooperation on counternarcotics and law enforcement
By Globe Banner | Aug 16, 2023
In a recent ceremony at the Ministry of Foreign Affairs, officials from the United States and Ecuador extended their cooperation agreement for another decade.
Eritrea Festival 2023 celebrates cultural diversity with music and dance
By Globe Banner | Aug 15, 2023
Chargé d’affaires a.i. Leslie Freriksen attended the opening ceremony of Eritrea Festival 2023.
USDOT: “Our overriding goal is... to maintain a competitive balance and fair and equal opportunity among U.S. and Chinese air carriers”
By Globe Banner Report | Aug 14, 2023
The U.S. Transportation Department (USDOT) has confirmed plans to increase the number of Chinese passenger flights permitted to fly to the U.S. from 12 to 18 weekly roundtrips on Sept. 1 and increase that to 24 per week starting Oct. 29, a Reuters news report said.
Miller: “Partnering with SK Logistics is a remarkable opportunity for us to continue delivering world-class cold storage solutions in the Asia Pacific region”
By Globe Banner Report | Aug 13, 2023
Lineage Logistics, based in Novi, MI, has secured a joint venture arrangement with Hanoi-based cold-storage warehouse operator SK Logistics to expand its network in Southeast Asia, the company announced on Businesswire. The financial terms of the deal were not disclosed.
Harrison: “We believe that the future of energy is lower carbon”
By Globe Banner Report | Aug 13, 2023
Chevron Corporation, based in California, has made two lower-carbon project investments in Western Australia through its Chevron Australia New Energies Pty Ltd and Chevron Australia Pty Ltd subsidiaries.
JPMorgan Chase CEO: 'Mumbai and Bengaluru are truly global cities with an incredible talent pool'
By Globe Banner Report | Aug 11, 2023
JPMorgan Chase unveiled the inauguration of advanced facilities in Mumbai and Bengaluru on Aug. 8, marking a significant expansion of its operations in India and transforming the work environment for its staff, according to a press release. These campuses represent two of the company's largest technology and operations hubs worldwide, fostering enduring service quality, operational efficiency and innovation.
Munchkin chief brand officer: 'Safeguarding the world’s most vulnerable creatures is ingrained in Munchkin’s ethos'
By Globe Banner Report | Aug 11, 2023
California-based baby lifestyle brand Munchkin, Inc. has allocated a $1 million donation to the International Fund for Animal Welfare (IFAW), according to a press release. The company is listed as the primary investor in the fund’s Room to Roam Initiative.
Flavourworks CEO: 'Telltale is the perfect partner to maximize the value of our proprietary TouchVideo games engine'
By Globe Banner Report | Aug 11, 2023
Narrative game development studio and publisher, Telltale has acquired London-based interactive video technology company Flavourworks, according to a press release. The sum of the transaction was undisclosed.
Sanborn Map Company CEO: 'Sanborn is thrilled to become a member of the Overture Foundation'
By Globe Banner Report | Aug 11, 2023
The Sanborn Map Company, Inc., based in Colorado, has unveiled a new membership in the Overture Maps Foundation as a contributor member, a press release reported.
Chaudhary: 'Australia and New Zealand enjoy abundant energy transformation opportunities'
By Globe Banner Report | Aug 11, 2023
Overland Park, Kan.-based Black & Veatch and Beca Group Limited, headquartered in Auckland, New Zealand, have announced they are extending their collaborative approach to develop sustainable solutions in Australia and New Zealand.
Binance is first fully licensed cryptocurrency exchange in El Salvador
By Ashley Haley | Aug 10, 2023
Binance, the largest cryptocurrency exchange in the world, was recently granted a Bitcoin Services Provider license (BSP) as well as the first-ever non-provisional Digital Assets Services Provider license (DASP) by El Salvador's central bank and National Commission of Digital Assets, making Binance the first fully licensed crypto exchange in El Salvador, according to a press release. Binance is now registered and approved in 18 markets around the world – more than any other exchange – but it still faces regulatory scrutiny in the U.S.
Citi Global Wealth head: 'Citi’s ULTIMA proposition has etched its place as a leading and exclusive credit card for ultra-high net worth clients'
By Globe Banner Report | Aug 10, 2023
Citi Global Wealth revealed the debut of the ULTIMA Mastercard credit card earlier this month, with a focus on catering to Citi Private Bank clients located across Asia, particularly in Hong Kong and Singapore, which are two of Citi's prominent global wealth centers, according to a press release.
Ambassador Mora addresses concerns over democracy in Guatemala at OAS meeting
By Globe Banner | Aug 10, 2023
Ambassador Francisco O. Mora addressed the Organization of American States (OAS) Permanent Council on August 10, 2023, focusing on recent developments in Guatemala and Ecuador.
moomoo's Zeng: “We are proud and excited to bring our one-stop trading platform moomoo to Canada”
By Globe Banner Report | Aug 10, 2023
A digital financial-services platform started in Palo Alto, Calif., is moving into its sixth international market. moomoo announced its expansion into Canada on Aug. 4, joining the United States, Singapore, Australia, Japan and Malaysia.
CEO Gibbs: Yum! positioned 'to thrive in any consumer spending environment' thanks to iconic brands' global popularity
By Globe Banner Report | Aug 10, 2023
Yum! Brands, owner of KFC, Pizza Hut, Taco Bell and the Habit Burger Grill brands, reported its earnings for the second quarter (Q2), which ended June 30. Worldwide system sales grew 13%, excluding foreign currency translation
Ansari: 'Only about one in every 10 Chinese buyers is purchasing purely as an investment, which is a big change from the mid-2010s'
By Globe Banner Report | Aug 10, 2023
Investments made on the U.S housing market by global real estate buyers have declined as a result of rising home and mortgage prices, and the lack of available home options.
Proteintech CEO: 'It is an exciting time for Proteintech as we’re expanding in several of our global locations this year'
By Globe Banner Report | Aug 9, 2023
Antibodies and life science solutions company Proteintech, based in Rosemont, Illinois, has expanded its local headquarters and established a new office in Shanghai, China, as well as two new buildings in Wuhan, China, according to a press release.
Consulate offers services in Cuenca for passport applications and notarizations
By Globe Banner | Aug 7, 2023
Representatives from the U.S. Consulate General in Guayaquil will be available in Cuenca to provide notarial services and accept passport applications on September 6 and 7, 2023.