News from October 2023
Growing at an outstanding 11.7% CAGR, the work order management systems global market is set to reach record value
By Globe Banner | Oct 31, 2023
Research And Markets released a report detailing the intense growth of the work order management systems global market, noting its $634.5 Million in the year 2022 and impressive predicted increase to $1.5 BIllion by 2030. According to Cision's PR Newswire, "The global market for Work Order Management Systems estimated at US$634.5 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030".
After a drawn-out strike, GM makes a deal with UAW, ending the conflict
By Globe Banner | Oct 31, 2023
After similar deals made by auto giants Ford and Stellantis, General Motors finally likewise writes a deal with the United Auto Workers union.
Despite rising oil prices, BP still struggles to increase profit
By Globe Banner | Oct 31, 2023
BP, the energy giant, has reported lower than expected profits despite the recent rise in global oil prices, according to a report by BBC. The company was predicted to make $4 billion between July and September of this year, but instead, they came out with only $3.3 billion.
European Companies Face Critical Labour and Skills Shortages, New Survey Reveals
By Globe Banner | Oct 30, 2023
BusinessEurope today released findings from a recent survey of European companies, shedding light on the significant labour and skills shortages prevalent in the region. According to BusinessEurope Director General Markus J. Beyrer, "Our survey of European companies confirmed that they are facing growing labour and skills shortages. This is fuelled by three factors: demographic change, high rates of inactivity and low levels of intra-EU mobility. These shortages will continue to be Europe’s key labour market challenge in the coming years."The survey revealed that...
Citi as World Bank's first issuing and paying agent on Euroclear's D-FMI DLT platform
By Globe Banner | Oct 27, 2023
Citi's Issuer Services division, a part of Securities Service, has acted as the Issuing and Paying Agent for the first-ever Digitally Native Note (DNN) issuance under English Law on Euroclear's Digital Financial Market Infrastructure (D-FMI) distributed ledger technology (DLT) platform. The World Bank - International Bank for Reconstruction and Development (IBRD) issued the inaugural DNN, valued at EUR 100 million and with a three-year term. This development marks a significant step towards fully digital bond transactions and showcases the integration of blockchain technology...
Abounding at an impressive CAGR of 6.65%, the global school bags market grows
By Globe Banner | Oct 27, 2023
ResearchAndMarkets released a report detailing the impressive growth of the global school bags market, revealing market size, trends, growth drivers, and challenges. According to Cision's PR Newswire, the global school bags market is projected to increase by USD 6,380.75 million during the period 2022-2027, growing at an impressive CAGR of 6.65%.
The alternative protein ingredients for human nutrition market is set for growth
By Globe Banner | Oct 27, 2023
Research And Markets has released a report highlighting the growth opportunities in the alternative protein ingredients market for human nutrition. The report covers the market dynamics of plant protein, microbial protein, and insect protein ingredients for human nutrition applications.
The multimodal AI market show opportunities for growth
By Globe Banner | Oct 27, 2023
Research And Markets released a report detailing the growth of the multimodal AI market in enterprise applications. According to Cision's PR Newswire, the report titled "Multimodal AI Growth Opportunities in Enterprise Applications" provides an inclusive overview of the emerging multimodal AI use cases across industry verticals and horizontal business functions. It also highlights the key drivers and restraints impacting the AI market, making it a valuable resource for technology vendors and service providers.
Sam Bankman-Fried admits "a lot of people got hurt" when FTX collapsed
By Globe Banner | Oct 27, 2023
During a testimony to the jury in his fraud trial, Sam Bankman-Fried, the former boss of the cryptocurrency business FTX, admitted that his company did hurt people and that he made numerous mistakes. Bankman-Fried acknowledged the impact of FTX's collapse, stating, "A lot of people got hurt, customers, employees, and the company ended up in bankruptcy."
Fiji accepts Agreement on Fisheries Subsidies
By Globe Banner | Oct 27, 2023
The World Trade Organization (WTO) has announced that Fiji has accepted the Agreement on Fisheries Subsidies. Fiji submitted its instrument of acceptance to WTO Director-General Ngozi Okonjo-Iweala, with Ambassador Luke Daunivalu making the presentation. This brings the total number of WTO members that have formally accepted the Agreement to 52.
Binance CEO: Regulatory compliance is “key” to building trust, bridging crypto and tradfi industries
By Globe Banner | Oct 26, 2023
Changpeng Zhao (CZ), the CEO and founder of Binance, the largest cryptocurrency exchange in the world, emphasized the importance of regulatory compliance in the crypto industry during his speech at the Fintech Forward 2023 conference in Bahrain earlier this month. CZ highlighted that regulatory compliance is a crucial factor in building trust within the industry and can also facilitate partnerships with traditional financial institutions.
The global dating services market to reach an astounding $13 billion by 2028
By Globe Banner | Oct 25, 2023
Research And Markets released a report detailing the exponential growth of the global dating services market during an analysis period of 2023-2028 growing at a Compound Annual Growth Rate (CAGR) of 6.49%. According to the report, the global dating services market is projected to reach an astounding $13 billion by 2028.
The UAW strike comes to an end as Ford makes deal to settle the disagreement
By Globe Banner | Oct 25, 2023
Ford has reached a tentative deal with the United Auto Workers (UAW) union to end the six-week strike, according to a report by BBC. This agreement marks the first settlement of strikes by 45,000 workers against Ford, General Motors (GM), and Chrysler-parent Stellantis.
The Barbie movie saves Mattel from economic challenge
By Globe Banner | Oct 25, 2023
Mattel, the global toy company known for brands such as Barbie and Hot Wheels, has seen a boost in sales thanks to the success of the Barbie movie. The three month period from July through Sept. saw Barbie billings increased by 16% as compared to the same period in 2022.
Garanti BBVA and KAGIDER host summit on women entrepreneurship
By Globe Banner | Oct 25, 2023
BBVA announced that Garanti BBVA and KAGIDER celebrated the Republic of Türkiye's 100th anniversary at the Women Entrepreneurs of the Year Summit. The event featured participation from Garanti BBVA CEO Recep Baştuğ, KAGIDER Chair of the Board Esra Bezircioğlu, and Ümit Boyner from the Boyner Group according to a press release by BBVA.
China allocates $450,000 for WTO accession and least-developed nations
By Globe Banner | Oct 24, 2023
The World Trade Organization (WTO) has announced that China will allocate $450,000 to the WTO's Least-Developed Countries (LDCs) and Accessions Programme, also known as the China Programme. The objective of this initiative is to enhance the integration of LDCs into the global economy by strengthening their involvement in WTO affairs and facilitating the accession of non-member nations, according to a press release by the WTO.
The car workers' strike continues to grow, with costs increasing for GM
By Globe Banner | Oct 24, 2023
General Motors (GM) is feeling the financial strain as the United Auto Workers (UAW) strike continues to grow with no end in sight. The strike, which began in September, has now expanded to include car workers from General Motors, Ford, and Stellantis. This is the first time that the UAW strike has encompassed all three major automakers simultaneously.
The car workers' strike continues to grow, with costs increasing for GM
By Globe Banner | Oct 24, 2023
General Motors (GM) is feeling the financial strain as the United Auto Workers (UAW) strike continues to escalate. The strike, which began in September, is now costing GM approximately $200 million per week, with no end in sight. This comes after GM warned investors that the costs from the strike were unpredictable.
IMF reaches staff-level agreement for Sri Lanka's extended fund facility review
By Globe Banner | Oct 23, 2023
The International Monetary Fund (IMF) has announced that they have reached a staff-level agreement with the Sri Lankan authorities to conclude the first review of the 48-month Extended Fund Facility (EFF)-supported program. This agreement is based on discussions that took place between the IMF staff and Sri Lankan officials, according to a press release by the IMF.
“Dad, I killed 10 Jews. 10! 10! 10! See my WhatsApp. Their blood is on my hands. Let me talk to mom"; Israeli Admiral details horror of massacre body cam videos
By Coach Weinhaus | Oct 23, 2023
TEL AVIV- At a press briefing of more than 200 international journalists Monday, Admiral Daniel Hagari presented 43 minutes of body cam videos from the October 7th massacre.