News from October 2023
Estimated to grow an astounding $28.57 billion in the next five years, the probiotics market flourishes
By Globe Banner | Oct 22, 2023
Technavio, a leading global market research company, has released a report highlighting the exponential growth of the probiotics market. The report predicts that the market will grow by an astounding $28.57 billion from 2022 to 2027, with a compound annual growth rate (CAGR) of 7.6%.
The carbon black market predicted to grow 4.86 billion in five years
By Globe Banner | Oct 22, 2023
Technavio, a leading global market research report company, has released a report predicting the rapid growth of the carbon black market. According to the report, the market is expected to grow at a compound annual growth rate of 4.94% in the forecast period of 2022-2027. The carbon black market size is forecast to increase to 4.86 billion in the next five years.
EU-US Summit falls short of business expectations
By Globe Banner | Oct 21, 2023
The European Union and the United States of America recently concluded their second summit in Washington, DC on October 20. BusinessEurope President Fredrik Persson expressed disappointment on behalf of the European business community regarding the outcomes of the summit.Persson highlighted the lack of progress on key issues, stating, "I will not hide the disappointment of the European business community at the news that no permanent solutions have been found on our priority issues – critical minerals and steel and aluminium." He emphasized the importance of reaching...
IMF reaches agreement on first review and 2023 consultation with Bangladesh
By Globe Banner | Oct 20, 2023
The International Monetary Fund (IMF) has announced that The IMF staff and Bangladeshi authorities have achieved a staff-level agreement to finalize the first review of the IMF-supported program. Mr. Rahul Anand, leading a team from the IMF, visited Dhaka to engage in discussions about economic and financial policies according to a press release by the IMF.
The motor control contactors market to grow by over $70 million over the next five years
By Globe Banner | Oct 20, 2023
Technavio, a leading global market research report company, has released a market analysis predicting significant growth for the motor control contactors market. According to a report from Cision's PR Newswire, the market is expected to grow by a CAGR of 4.75% during the forecast period of 2022-2027, resulting in a growth of USD 72.43 million.
Spirulina chocolates market to grow by astounding 10.04% CAGR over coming years
By Globe Banner | Oct 20, 2023
Technavio, a market research firm, has released a report stating that the spirulina chocolates market is expected to experience significant growth in the coming years. According to the report, the market is projected to grow by almost $210 million during the forecast period of 2022-2027.
The online auction market explodes, reaching nearly $7.5 billion this year
By Globe Banner | Oct 20, 2023
Research And Markets released a report detailing the immense growth of the online auction market, showing off an astounding compound Annual Growth Rate (CAGR) of 11.50% during the forecast period of 2022-2027. According to Cision’s PR Newswire, the report predicts that the global online auction market will reach a value of $7.42 billion by 2023.
Macao, China accepts Agreement on Fisheries Subsidies
By Globe Banner | Oct 20, 2023
The World Trade Organization (WTO) announced that China has accepted the Agreement on Fisheries Subsidies. China submitted its instrument of acceptance to WTO Director-General Ngozi Okonjo-Iweala. The Permanent Representative of Macao, China, Ms. Lúcia Abrantes Dos Santos, made the presentation.
U.S. sanctions target Milorad Dodik’s family over alleged corruption activities
By Globe Banner | Oct 20, 2023
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned two individuals and four entities linked to Milorad Dodik, President of Republika Srpska (RS), citing his involvement in corruption within Bosnia and...
Binance Academy, Blockchain Center partnership aims to educate more than one million students by 2026
By Globe Banner | Oct 19, 2023
Binance Academy, the Web3 learning hub of the largest crypto exchange in the world, has partnered with the Blockchain Center, an independent non-profit research lab, with the aim of educating over one million students in blockchain engineering and compliance by 2026. This partnership is an expansion of the Global University Outreach Program.
Ferrari to accept payments in crypto following customer requests
By Globe Banner | Oct 19, 2023
Ferrari has announced that it will now accept cryptocurrency as a form of payment for its cars in the United States, following requests from its customers. The Italian luxury sports car manufacturer also plans to introduce this payment option to its European markets.
Innovative tech is disrupting the hospitality industry - for the better
By Globe Banner | Oct 19, 2023
Technology is revolutionizing the hospitality industry, offering innovative solutions to increase efficiency, reduce costs, and stay ahead of the competition. According to a recent report from Faster Capital, utilizing new technologies is crucial for restaurants to adapt to changing environments and maintain a competitive edge.
Projected to grow $469.97 million from 2022 to 2027, the doxorubicin market flourishes
By Globe Banner | Oct 18, 2023
Technavio, a leading global market research report company, has released a market report detailing the significant growth projected for the doxorubicin market in the coming years. According to the report, the market is expected to grow by $469.97 million from 2022 to 2027, with a compound annual growth rate (CAGR) of 6.07% during the forecast period.
Potato chips, a worldwide favorite, grow at 3% CAGR, reaching $33.3 billion in 2022
By Globe Banner | Oct 18, 2023
Research And Markets released a report detailing the growth in the global potato chips market, beginning at $33.3 billion in 2022, and estimated to reach $40 billion by 2028. According to PRNewswire, the global potato chips market has reached a substantial size of $33.3 billion in 2022, and it is projected to exhibit a steady compound annual growth rate (CAGR) of 3% during the period 2023-2028, ultimately reaching $40.0 billion by 2028.
Israeli prime minister spokesman: HAMAS is holding foreign nationals as hostages in Gaza
By Edward Weinhaus | Oct 18, 2023
The Israeli prime minister’s office says Hamas is holding foreign nationals hostage inside Gaza, along with 200 Israeli citizens abducted during the terrorist group's Oct. 7 attack.
DHS announces new parole process for Ecuadorian family reunification
By Globe Banner | Oct 18, 2023
The Department of Homeland Security (DHS) has introduced a new family reunification parole process for certain Ecuadorian nationals.
Israel freezes Hamas-linked Barclays account
By Globe Banner | Oct 18, 2023
Israeli law enforcement has partnered with British police to freeze a Barclays bank account that was linked to fundraising efforts for the terrorist group Hamas. The Israeli police took action on October 11 after Hamas shared account details in an effort to solicit more donations, according to Reuters.
Pomerantz LLP investigates the Boeing Company, stock prices falls 4.93%
By Globe Banner | Oct 17, 2023
Pomerantz LLP, a law firm dedicated to representing the rights of defrauded investors, has launched an investigation into the Boeing Company and its supplier, Spirit Aerosystems Holdings, Inc. The investigation aims to determine whether there have been any fraudulent activities or other unlawful business practices committed by the company and its officers and/or directors.
Projected to reach $43.6 billion by 2030, the global market for Friction Products and Materials excels
By Globe Banner | Oct 17, 2023
Research And Markets, a market and industry research report corporation, released a new report outlining the dramatic growth of the global friction products and materials market, which is expected to reach an astounding $43.6 billion by 2030. According to PRNewswire, the global market for friction products and materials is currently valued at $28.4 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% during the analysis period from 2022 to 2030.
The World Bank's 2023 Annual Meetings
By Globe Banner | Oct 16, 2023
The World Bank announced the key points from its Annual Meetings in 2023, where they introduced a fresh development vision and playbook. During these meetings, the Bank also demonstrated the substantial advancements made since initiating its transformation process a year ago according to a press release by the World Bank.