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News from 2023



Former CFTC chair on stablecoins: 'The U.S. could become a standards taker rather than a standards maker'

Timothy Massad, director of the Digital Assets Policy Project at the Harvard Kennedy School and a former chairman of the Commodity Futures Trading Commission (CFTC), wrote in an opinion piece that the U.S. needs to prioritize stablecoin regulation, or it risks falling behind and being forced to follow legal frameworks implemented by other countries. Massad argued that the potential risks associated with increased use of stablecoins can be mitigated by regulating them.


AIT Worldwide Logistics expands to Dubai, the 'crossroads for global trade'

AIT Worldwide Logistics has expanded its operations to the Middle East with a new office in the United Arab Emirates’ Dubai. The company’s global network currently is made up of 110 offices around the world.


Binance's head of Law Enforcement Training: 'Our mission is to maintain the highest level of security for our users and the broader cryptocurrency community'

Jarek Jakubcek, the head of Law Enforcement Training at Binance, the largest cryptocurrency exchange in the world by volume, said in a July blog post that his team is dedicated to protecting Binance users as well as all consumers in the crypto industry. The crypto exchange's Investigations team works to proactively protect users from crimes like phishing scams and investment fraud.


U.S. Embassy Asmara hosts certificate ceremony for Eritrean exchange program participants

On July 13, the U.S. Embassy in Asmara held a certificate ceremony for nine Eritreans who took part in different in-person and virtual exchange programs.


OAS addresses concerns over electoral process integrity in Guatemala

The Organization of American States (OAS) Permanent Council convened to discuss the current political situation in Guatemala.


Mars Inc. 'excited' to acquire Kevin's Natural Foods

Mars Inc. recently agreed to a deal to acquire Kevin’s Natural Foods. The terms of the agreement were not disclosed.


U.S. Embassy Asmara hosts first Independence Day event since 2019

The U.S. Embassy in Asmara celebrated American Independence Day on June 7, marking the first such event since 2019.


WTO's Okonjo-Iweala: 'I am delighted to welcome China's formal acceptance of the Agreement on Fisheries Subsidies'

The World Trade Organization (WTO) recently announced that China has formally accepted the Agreement on Fisheries Subsidies.


Okonjo-Iweala: 'I am delighted to welcome China's formal acceptance of the Agreement on Fisheries Subsidies'

On June 27, 2023, China formally accepted the Agreement on Fisheries Subsidies which signifies China's commitment to addressing harmful subsidies and promoting sustainable fishing practices on a global scale. Director-General Ngozi Okonjo-Iweala welcomed China's formal acceptance of the Agreement.


Okonjo-Iweala: 'Projects like those proposed for this championship can make a difference'

On MSME Day, celebrated on June 27, 2023, the Informal Working Group on Micro, Small and Medium-sized Enterprises (MSMEs) announced three small business champions. Director-General Ngozi Okonjo-Iweala recognized the significant potential of the projects presented during the championship, emphasizing their capacity to make a substantial difference.


U.S.-Lithuania friendship picnic celebrates Sumner Welles Declaration

The U.S. Embassy in Vilnius, together with the Lithuanian Ministry of Foreign Affairs, is hosting a friendship picnic to celebrate the Sumner Welles Declaration.


Bush: 'Teleperformance has worked diligently to establish a great worldwide workplace culture'

Teleperformance, the French company with additional US-based headquarters, has been honored with Great Place to Work (GPTW) certifications in 72 countries, eight of which were announced in 2022.


Friendship picnic marks anniversary of Sumner Welles Declaration

On July 19, a picnic will be held at Washington Square to commemorate the Sumner Welles Declaration.



Shear: 'The entry into Switzerland and development agreement in Mexico are the first steps in our international expansion'

Firehouse Subs has established its first restaurant in Switzerland and confirmed plans to launch its operations in Mexico next year. The expansion will allow Firehouse subs to use growth strategies developed by its parent company, Restaurant Brands International Inc.


Vasconcellos: 'We’re looking forward to working with Zamp S.A. along each step of their digital transformation journey'

AI software platform provider, o9 Solutions has established a collaborative partnership in Brazil with Zamp S.A.. to assist with AI-enabled solutions in the region.


Binance leads the crypto industry with women 'front and center'

An employee at Binance, the largest cryptocurrency exchange in the world, told Globe Banner on July 13 that she feels fortunate to have female leaders, including Yi He, to look up to.


Hendrick: 'SmartMetric has created the most advanced and user-friendly biometric credit card in the world'

SmartMetric, Inc., based in Florida, has teamed up with Visa and Mastercard to globally implement the use of biometric credit cards to their respective payment networks.


ANZ CEO addresses economic committee on customer resilience amid rate changes

Shayne Elliot, CEO of ANZ, recently addressed the House of Representatives Standing Committee on Economics regarding the performance and strategies of the four major banks.