News from November 2023
Leading crypto exchange holds investigation seminar with Taiwan High Prosecutors Office
By Globe Banner | Nov 14, 2023
Binance, the largest cryptocurrency exchange in the world, announced that it has expanded its partnership with the Taiwan High Prosecutors Office and recently held a training session on best practices for deterring and combating digital asset-related crimes. During the event, Binance team members presented the latest trends in digital assets to more than 50 law enforcement officials and discussed techniques for tackling crimes.
U.S. Embassy announces new grants for cultural preservation projects
By Globe Banner | Nov 14, 2023
The U.S. Embassy in Amman, in collaboration with the Cultural Heritage Center of the Bureau of Educational and Cultural Affairs (ECA) at the U.S. Department of State, has announced the commencement of the 2024 U.S. Ambassadors Fund for Cultural...
Cultural Property Agreement Implementation Grant opens for applications
By Globe Banner | Nov 14, 2023
The U.S. Embassy in Amman, in collaboration with the Cultural Heritage Center within the Bureau of Educational and Cultural Affairs (ECA) of the U.S. Department of State, has announced the opening of the 2024 grants cycle for the Cultural Property...
Spain contributes €2 million to WTO Fisheries Funding Mechanism
By Globe Banner | Nov 13, 2023
The World Trade Organization (WTO) announced Spain has pledged a donation of EUR 2 million to the WTO Fisheries Funding Mechanism, aiding developing and least-developed countries in implementing the Agreement on Fisheries Subsidies. The contribution was presented to WTO Director-General Ngozi Okonjo-Iweala by Secretary of State for Trade Xiana Méndez, according to a press release by WTO.
The global Glucagon-like Peptide 1 (GLP-1) market set to reach $18.75 billion by 2023
By Globe Banner | Nov 12, 2023
Ireland Research And Markets released a report detailing the growth of the Glucagon-like Peptide 1, or GLP-1, market which is predicted to grow at a CAGR of 6.48% during the projected period of 2022-2027.
The collagen market predicted to grow by $2.86 billion by 2027
By Globe Banner | Nov 12, 2023
Technavio released a report detailing the immense growth of the collagen market, expanding at a CAGR of 7.75% from 2022 to 2027.
The starch derivatives market is expected to reach $68.4 billion by 2028
By Globe Banner | Nov 12, 2023
Markets and Markets released a report detailing the rapid growth of the global starch derivatives market, which is at $57.9 billion as of 2023 and is projected to reach $68.4 billion by 2028, expanding at a CAGR of 3.4%.
The hepatitis B virus (HBV) vaccine market to reach $2.47 billion by 2023
By Globe Banner | Nov 11, 2023
Ireland Research And Markets released a report detailing the rapid growth of the hepatitis B virus vaccine market, which is expected to grow at a Compound Annual Growth Rate of 5.33% during the analysis period.
UAW members vote on GM's labor deal at Michigan Flint Plant
By Globe Banner | Nov 11, 2023
Thomson Reuters remarks that the United Auto Workers (UAW) have recently cut it close to voting against the labor deal proposed by General Motors (GM) to end the workers' strike.
Exxon plans to start lithium production in Arkansas
By Globe Banner | Nov 11, 2023
Thomson Reuters reports that Exxon Mobil has recently announced a plan to begin electric vehicle battery metal, or lithium, production in Arkansas in 2026.
IMF approves proposal to boost quotas
By Globe Banner | Nov 11, 2023
The International Monetary Fund (IMF) announced that the Executive Board is recommending to the Board of Governors a 50 percent quota increase, distributed among members based on their existing quotas. This proposed quota increase is aimed at fortifying global financial stability and augmenting the IMF's enduring resources, according to a press release by the IMF.
IMF approves proposal to boost quotas
By Globe Banner | Nov 11, 2023
The International Monetary Fund (IMF) announced that the Executive Board is recommending to the Board of Governors a 50 percent quota increase, distributed among members based on their existing quotas. This proposed quota increase is aimed at fortifying global financial stability and augmenting the IMF's enduring resources, according to a press release by the IMF.
IMF approves proposal to boost quotas
By Globe Banner | Nov 11, 2023
The International Monetary Fund (IMF) announced that the Executive Board is recommending to the Board of Governors a 50 percent quota increase, distributed among members based on their existing quotas. This proposed quota increase is aimed at fortifying global financial stability and augmenting the IMF's enduring resources, according to a press release by the IMF.
IMF and Ukrainian Authorities reach agreement on EFF arrangement review
By Globe Banner | Nov 11, 2023
The International Monetary Fund (IMF) announced that it has achieved a staff-level agreement (SLA) with Ukraiinian authorities on a revised set of economic and financial policies for the second review of the 4-year Extended Fund Facility (EFF) Arrangement. The SLA is now pending approval by the IMF Executive Board, marking a crucial step in Ukraine's economic program, according to a press release by IMF.
Vancouver-based tech companies are reshaping vendor sourcing
By Globe Banner Report | Nov 10, 2023
Olive, a tech evaluation program, and Procurify, a spend management software, are partnering to offer a new solution for streamlining vendor sourcing, selection, and procurement processes for businesses worldwide. Through the partnership, the companies aim to simplify the vendor selection process for IT managers.
Ahbap founder: Binance's donation for earthquake recovery shows how 'crypto can be harnessed for good'
By Globe Banner | Nov 10, 2023
Haluk Levent, founder of the Turkish nonprofit Ahbap, said Binance's donation will help support his organization's efforts to rebuild homes that were destroyed by the recent earthquake and also demonstrates how cryptocurrency and blockchain can support humanitarian efforts. Binance, the largest crypto exchange in the world, recently announced a crypto donation of $100,000 to help Ahbap construct earthquake-resistant steel homes in Turkey.
Binance TR receives certifications for information security governance, privacy management
By Globe Banner | Nov 9, 2023
Binance TR, the leading crypto asset service provider in Turkey, has been awarded the ISO 27001 and ISO 27701 certifications. The certifications are for information security governance and privacy information management, echoing regulatory milestones that Binance achieved in France, Bahrain, and the United Arab Emirates earlier this year.
BusinessEurope Comments on EU Parliament Plenary Vote on EU Data Act
By Globe Banner | Nov 9, 2023
BusinessEurope Director General Markus J. Beyrer has commented on today's EU Parliament Plenary vote on the EU Data Act, emphasizing the importance of assessing its impact on the EU's global competitiveness. Beyrer stated, "Making data flows easier in Europe is a necessary step, but it will be key to assess the Data Act’s impact on the EU’s global competitiveness."Expressing the concerns of the European business community, Beyrer highlighted the need to prevent a chilling effect on data innovation investments in the EU. He stated, "The number one concern of the European...
US allocates $600,000 for developing economies' trade capacity-building
By Globe Banner | Nov 8, 2023
The World Trade Organization (WTO) has disclosed that the United States will provide a financial contribution of USD 600,000 (approximately CHF 535,000) in 2023 to the WTO's Global Trust Fund. This fund is designated to support training programs aimed at government officials from developing economies and least-developed countries (LDCs), according to a press release by WTO.
BusinessEurope Economic Outlook Reveals Significant Drop in European Business Sentiment
By Globe Banner | Nov 8, 2023
BusinessEurope Director General Markus J. Beyrer, upon the release of BusinessEurope’s Economic Outlook, expressed concerns about the current state of the European economy. Beyrer noted, "The European economy continued to grow even more sluggishly in the first half of 2023 as businesses were faced with the impact of higher interest rates, a slowing global economy, and increasing long-term competitiveness challenges." He highlighted that factors such as higher interest rates and increased credit standards have hindered investment and consumer spending, leading to a more...