News from 2023
Exxon Mobil's high energy prices take their toll on consumers, the White House struggling to blame them
By Globe Banner | Oct 7, 2023
Exxon Mobil's high energy prices take their toll on consumers, the White House struggling to blame them
Monsha’at, Saudi Arabia's leading entrepreneur, participated in the Global Entrepreneurship Congress 2023
By Globe Banner | Oct 7, 2023
Monsha’at, also known as the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, recently participated in the Global Entrepreneurship Congress 2023 (GEC23) in Riyadh. The congress brought together leading entrepreneurs from Saudi Arabia to discuss the growth of entrepreneurship in the kingdom.
WTO Members applaud Comoros' progress in finalizing accession negotiations before MC13
By Globe Banner | Oct 6, 2023
WTO member nations commended the notable strides made by Comoros in concluding its WTO accession negotiations at the ninth session of the Working Party on the Accession of the Union of the Comoros to the WTO. The Comoros delegation reaffirmed that its committed to formally enter the WTO by signing its accession protocol at the upcoming 13th WTO Ministerial Conference (MC13) according to a press release.
Binance, Chainalysis event highlights importance of collaboration and compliance to prevent cybercrime
By Globe Banner | Oct 6, 2023
Binance, the largest cryptocurrency exchange in the world, and Chainalysis, a blockchain analytics firm, recently co-hosted an event titled "Securing the Future of Crypto" in Seoul. The event highlighted the importance of collaboration between public and private sectors to prevent crimes related to digital assets. Members of the Korean National Police Agency (KNPA), who were in attendance, participated in the event.
Microsoft's latest testimony in Big Tech lawsuit fails to address consumer harm
By Globe Banner | Oct 6, 2023
Amidst what is being called the biggest tech antitrust trial since the 90s, Microsoft testified in federal court on October 2. According to live courtroom updates, there has not been any mention of Google's search engine dominance causing consumer harm.
U.S. resumes deportation flights for undocumented Venezuelans
By Globe Banner | Oct 6, 2023
The United States government has announced the resumption of direct repatriations of Venezuelan nationals who enter the country unlawfully and lack a legal basis to remain.
Binance confident of a constructive solution before mid-2024 MiCA stablecoin deadline
By Globe Banner | Oct 4, 2023
Binance, the largest cryptocurrency exchange in the world, has expressed its support for the European Union's Markets in Crypto Assets (MiCA) regulations, calling it a positive step forward for the crypto industry. However, the exchange also highlighted the need for further clarification and engagement with regulators to ensure that MiCA achieves its intended goals.
Providing real relief for SMEs – BusinessEurope’s SME Roadshow in Rome
By Globe Banner | Oct 4, 2023
On Oct 4, 2023, BusinessEurope, in partnership with its Italian member federation Confindustria, hosted the second of its SME Roadshow events in Rome. The event featured keynote speeches from Roberta Metsola, European Parliament President, and Thierry Breton, EU Commissioner for Internal Market, focusing on SMEs’ path to the twin green and digital transitions in the context of the European Commission’s recently announced SME Relief Package.Fabrice Le Saché, Chair of BusinessEurope’s Entrepreneurship & SME Committee, emphasized the importance of the Commission's proposals...
Visa program addresses global friendly fraud losses for small businesses
By Globe Banner | Oct 4, 2023
Visa has announced enhancements to its dispute program aimed at helping small businesses combat first-party misuse, also known as friendly fraud, in card-not-present transactions. These changes to Visa's Dispute Rules and Processes will provide small businesses globally with additional resources to tackle fraud, potentially resulting in savings of more than $1 billion over the next five years, according to a press release.
Thai law enforcement official: 'Binance remains an essential ally in our combat against scams and cybercrimes'
By Globe Banner | Oct 3, 2023
Police Lieutenant Colonel Thanatus Kangruambutr, Inspector of the Cyber Support Unit in the High-Tech Crime Division at Thailand's Cyber Crime Investigation Bureau, recently thanked Binance for its assistance in dismantling a group of criminal scammers who preyed on thousands of victims. This operation was the second recent instance in which Binance, the largest cryptocurrency exchange in the world, assisted Thai law enforcement in disrupting organized criminal networks.
U.S. Consulate offers services in Vilcabamba and Loja this October
By Globe Banner | Oct 3, 2023
The U.S. Consulate General in Guayaquil has announced that its representatives will be available to provide notarial services and accept passport applications in Vilcabamba on October 25, 2023, and in Loja on October 26, 2023.
U.S.-Ecuador collaboration enhances healthcare facilities at Shushufindi Hospital
By Globe Banner | Oct 3, 2023
The U.S. Government has invested $1.6 million in the renovation of Shushufindi Hospital, located in Sucumbíos, Ecuador.
DG Okonjo-Iweala urges WTO members to prioritize development goals at MC13
By Globe Banner | Oct 2, 2023
During the 6th South-South Dialogue on Least-Developed Countries (LDCs) and Development, Director-General Ngozi Okonjo-Iweala emphasized the potential of the upcoming 13th Ministerial Conference (MC13) to advance trade outcomes in alignment with LDCs' development goals. Nearly 80 representatives from LDCs and their collaborators participated in the gathering to deliberate on trade and development priorities in preparation for MC13 according to a press release.
Nonprofit law firm asks Court to dismiss SEC lawsuit against Binance
By Globe Banner | Oct 2, 2023
Investor Choice Advocates Network (ICAN), a nonprofit public interest litigation organization, filed an amicus brief with the U.S. District Court of Washington, D.C., asking the Court to dismiss the U.S. Securities and Exchange Commission's (SEC) lawsuit against Binance, the largest crypto exchange in the world. ICAN cited the SEC's attempt to extend its jurisdiction outside of the U.S. and its "ambiguous" application of securities laws as reasons the lawsuit against the crypto giant should be dismissed.
OAS honors late Senator Dianne Feinstein with moment of silence
By Globe Banner | Oct 2, 2023
The Organization of American States (OAS) Permanent Council observed a moment of silence to honor the memory of Senator Dianne Feinstein.
IMF Concluding Statement of 2023 Article IV Mission: San Marino has prospered economically
By Globe Banner | Sep 29, 2023
The International Monetary Fund's staff report in the concluding statement of the 2023 Article IV Mission reveals that San Marino has experienced economic prosperity, despite the weakening European economy as a whole. The manufacturing and tourism sectors in San Marino have even surpassed pre-COVID levels.
Saudi Arabia, undergoing an economic transformation
By Globe Banner | Sep 29, 2023
Amine Mati and Sidra Rehman, both part of the IMF’s Middle East and Central Asia Department, report an immaculate transformation in the Saudi Arabian economy, as it implements new reforms around oil dependence, income sources, and competitiveness. The IMF’s Middle East and Central Asia Department reports that "Saudi Arabia’s economy is undergoing a transformation, as it implements reforms to reduce oil dependence, diversify income sources, and enhance competitiveness. This year marks an important juncture as the midpoint of Saudi Arabia’s ambitious Vision 2030 journey."
The IMF Executive Board approves a $1.3 billion arrangement for Morocco's sustainability
By Globe Banner | Sep 29, 2023
On September 28, 2023, the International Monetary Fund's executive board approved an arrangement with Morocco that will support its movement to a more sustainable and greener economy. The arrangement amounted to SDR 1 billion (about US$ 1.32 billion, equivalent to 112 percent of quota).
France welcomes U.S. crypto companies looking for legal certainty
By David Beasley | Sep 29, 2023
As Europe implements a regulatory framework for digital assets, a French regulator has invited American crypto industry participants to come to France if they want legal certainty, CoinDesk reported.
Binance's Compliance with MiCA Law May Reshape Stablecoin Market in Europe
By Globe Banner | Sep 29, 2023
Binance France will delist stablecoins for the European market by next June if necessary to comply with standards laid out by the Markets in Crypto-Assets (MiCA) law.