News from October 2023
The International Monetary Fund releases World Economic Outlook report
By Globe Banner Report | Oct 16, 2023
The International Monetary Fund (IMF) outlines in its World Economic Outlook report that the survey of prospects and policies is the result of an extensive interdepartmental assessment of global economic trends, primarily relying on information collected by IMF staff during consultations with member countries.
U.S. congratulates Daniel Noboa on winning Ecuador's presidential election
By Globe Banner | Oct 16, 2023
Quito, October 16, 2023.
The trucking industry tops its number of issues in new ATRI report
By Globe Banner | Oct 14, 2023
American Transportation Research Institute (ATRI), the trucking industry's not-for-profit research organization, has released its 19th annual Top Industry Issues report, revealing that the trucking industry is facing more issues than ever before. According to a PRNewswire article, this year's list of concerns includes the Economy, Truck Parking, Fuel Prices, the Driver Shortage, Driver Compensation, and for the first time, Zero-Emission Vehicles.
With exponential growth predicted, the global wireless test equipment market is expected to expand with CAGR of 8.8%
By Globe Banner | Oct 14, 2023
Research And Markets, a market and industry research corporation, released a new report concerning the global wireless test equipment market and it's strong growth that is predicted to come in the next few years. According to PRNewswire, the global market for Wireless Test Equipment, valued at US$5.8 billion in 2022, is expected to reach an estimated size of US$10.2 billion by 2030, driven by a notable compound annual growth rate (CAGR) of 7.3% during the analysis period of 2022-2030. The report also projects that the Wireless Infrastructure Test Equipment segment will lead...
The General Purpose Electronic Test and Measurement Instruments market to grow at an outstanding 9.6% CAGR during 2022-2030 period
By Globe Banner | Oct 14, 2023
Research And Markets, a market and industry research corporation, released a report announcing the remarkable growth in the general purpose electronic test and measurement instruments market from the period 2022-2030. According to PRNewswire, the global market for General Purpose Electronic Test and Measurement Instruments is valued at US$7.5 billion in 2022 and is projected to reach US$15.6 billion by 2030, boasting a notable compound annual growth rate (CAGR) of 9.6% during the analysis period of 2022-2030.
Citi's Asia Pacific Digital Leaders' Summit 2023 discuss tech
By Globe Banner | Oct 13, 2023
Citi Commercial Bank (CCB) recently organized the Digital Leaders' Summit 2023, focusing on various subjects related to technology and digital transformation. The summit, which took place from October 10-12, brought together over 200 senior delegates, including leaders from digital disruptors, tech companies, venture capitalists, industry professionals, founders, and Citi experts, according to a press release by Citi.
WTO annual meeting of the World Bank Group and International Monetary Fund
By Globe Banner | Oct 13, 2023
The World Trade Organization (WTO) announced that Director-General Ngozi Okonjo-Iweala addressed the annual meeting of the World Bank Group and International Monetary Fund, underscoring the need to enhance trade finance accessibility for small businesses to facilitate their inclusion in global supply chains. Okonjo-Iweala stressed the crucial role of trade finance in fostering widespread engagement in global trade and called upon multilateral development banks to intensify their endeavors in bridging the finance gap between demand and supply according to a press release by...
After Biden's new loan plan, a financial wellness report by Research and Markets is integral
By Globe Banner | Oct 13, 2023
Research And Markets, a market and industry reporting corporation, has released a report titled "Financial Wellness 2023" in response to President Joe Biden's new loan plan. The report aims to help business entrepreneurs and managers achieve financial literacy in light of the new plan.
Reaching $189.1 billion in 2022, global low-cost airlines market projected to have significant growth in the next years
By Globe Banner | Oct 13, 2023
Research And Markets, a market and industry research corporation, has released a report projecting significant growth in the global low-cost airlines market in the coming years. The report states that the market reached a size of $189.1 billion in 2022 and is expected to reach $315.4 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 8.7% from 2023 to 2028.
Research And Markets projects global magnetic tape market to have CAGR of 7.2% by 2028
By Globe Banner | Oct 13, 2023
Research And Markets, a market and industry research organization, released a report laying out the impressive projected increase in the magnetic tape market, a key product in data storage.
Blinken visits Middle East amid tensions following terrorist attacks in Israel
By Globe Banner | Oct 13, 2023
Secretary of State Antony J. Blinken is scheduled to visit several Middle Eastern countries from October 11 to 15, 2023.
NetChoice VP on Biden's free speech attack: 'Our leadership should stand with the people and protect the First Amendment'
By Globe Banner | Oct 12, 2023
In a recent Fox News op-ed, NetChoice Vice President and General Counsel Carl Szabo argues that President Joe Biden is seemingly undeterred by federal court rulings that have found his attempts to coerce social media platforms to be a violation of the First Amendment. The article, along with a recent tweet from Szabo, highlights the increasing use of government power to influence online free expression.
Roberts: 'Don’t blame crypto for what happened in Israel'
By Globe Banner | Oct 12, 2023
Jeff John Roberts, a crypto editor at Fortune, has argued that cryptocurrency should not be blamed for Hamas's recent attack on Israel. In an article for Fortune, Roberts stated that blaming crypto for the attack is a "mistake" and that Hamas should be held responsible instead.
WTO releases 'Global Trade Outlook and Statistics' October 2023 update
By Globe Banner | Oct 12, 2023
The World Trade Organization (WTO) has released its 'Global Trade Outlook and Statistics' update for October 2023, revealing a downward revision in trade growth forecasts due to a global manufacturing slowdown that began in Q4 2022. While the outlook for 2023 has been scaled back, economists maintain a more optimistic view for trade in 2024, according to the report released by the WTO.
Blinken reaffirms US support for Israel amid ongoing conflict
By Globe Banner | Oct 12, 2023
Secretary of State Antony J. Blinken addressed the press before departing Joint Base Andrews, outlining the United States' stance on recent events in Israel.
MCA-Lesotho II appoints new board to guide compact implementation
By Globe Banner | Oct 12, 2023
The Millennium Challenge Account-Lesotho II Authority (MCA-Lesotho II) has announced the appointment of sixteen individuals to its Board of Directors.
Millennium Challenge Account appoints new CEO for Lesotho health initiative
By Globe Banner | Oct 12, 2023
The Millennium Challenge Account-Lesotho II Authority (MCA-Lesotho II) has announced the appointment of Mrs. ‘Mannana Phalatse as its Chief Executive Officer (CEO).
TikTok Shop changes the landscape of online apparel shopping
By Globe Banner | Oct 11, 2023
Research And Markets released a report on online apparel shops, revealing that TikTok's new online shop is booming with its innovative and strategic marketplace.
The global bath and shower market reaches a milestone in 2022, at US$ 47.6 Billion
By Globe Banner | Oct 11, 2023
Research And Markets announced a report on the global bath and shower market, saying that a new milestone has been reached in 2022 with the market size at US$ 47.6 Billion. By 2028, that market size is predicted to reach US$ 63.4 Billion, with a CAGR of 4.7% during this growth period.
Former CFTC commissioner applauds UK's new crypto regulations: 'Future blockchain investment and innovation can flourish in the UK'
By Globe Banner | Oct 11, 2023
Brian Quintenz, the current head of policy of a16z crypto and a former CFTC commissioner, has praised the UK government for its new crypto regulations. He believes that these regulations will support technological innovation in the country. The new financial promotions rules, known as the UK Financial Conduct Authority's (FCA) Financial Promotions (FinProm) Regime, took effect on Oct. 8.