News from 2023
OAS discusses escalating political crisis in Guatemala
By Globe Banner | Dec 4, 2023
The Organization of American States (OAS) Permanent Council convened to address the ongoing transition situation in Guatemala.
Israel commits to allow Gazan non-combatants to return to the north, when secured
By Coach Weinhaus | Dec 4, 2023
Israel is committed to allowing Gazan non-combatants who have left the region to return to North Gaza when it is secured, an Israeli spokesman said.
BitMEX co-founder: 'The treatment of CZ and Binance is absurd'
By Globe Banner | Dec 1, 2023
Arthur Hayes, co-founder and former CEO of crypto derivatives exchange BitMEX, has expressed his criticism towards the penalties imposed by the U.S. government on crypto exchange Binance and its founder Changpeng Zhao (CZ), considering them disproportionate to the alleged offenses. In a post on Substack dated November 27, Hayes compared these punishments to those faced by executives from major traditional financial institutions for their own missteps, which he believes were far more serious in nature.
Attorney: Binance-DOJ settlement is 'very different than FTX and SBF'
By Globe Banner | Nov 30, 2023
Attorney John Deaton, a managing partner of Deaton Law Firm, said he believes Binance's assertion that it backs all of its users' funds 1:1 is truthful because the government would have discovered it if it wasn't during its investigation into the company. He presented his perspective in a video on November 28, pointing out the contrast between Binance's and failed crypto exchange FTX's situations.
Bloomberg Philanthropies, Goldman Sachs mobilize $500M for clean energy in South and Southeast Asia
By Globe Banner | Nov 29, 2023
Goldman Sachs, along with Bloomberg Philanthropies, announced the $25 million philanthropic concessional capital from the Climate Innovation and Development Fund (CIDF) to support sustainable low-carbon economic development in South and Southeast Asia. This was part of their effort to attract substantial investments towards clean energy and sustainable development across emerging markets.
JPMorgan Chase invests $70 million for economic opportunity in France
By Globe Banner | Nov 29, 2023
JPMorgan Chase announced a $70 million initiative aimed at fostering economic opportunities for individuals and entrepreneurs in France. This venture, set to create the Spark France investment initiative, seeks to direct funds towards women-led organizations and those contributing to societal impact.
Columbia professor: ‘Binance's net contribution to a more inclusive financial system is something to be commended’
By Globe Banner | Nov 29, 2023
Omid Malekan, an author and adjunct cryptocurrency professor at Columbia Business School, said in a Nov. 22 post on X that Binance, the largest crypto exchange in the world, has been more successful than many traditional financial institutions in expanding financial inclusion to underserved populations. The platform's wide reach and user-friendly tools are key components of this success.
European business message for COP28 - All G20 countries should commit to 2030 targets
By Globe Banner | Nov 29, 2023
COP28, starting on 30 November in Dubai, is an important moment for international climate negotiations. BusinessEurope Director General Markus J. Beyrer emphasized the importance of all G20 countries committing to ambitious 2030 targets. Beyrer stated, "European business stands firmly behind the Paris Agreement. However, with the EU counting for 7% of current global CO2 emissions and only 4-5% by 2030, it is critical that all G20 countries agree to similarly ambitious 2030 targets. They must also commit to implementing concrete, transparent and reliable transformation...
Liechtenstein contributes CHF 40,000 to WTO Fisheries Funding Mechanism
By Globe Banner | Nov 26, 2023
The World Trade Organization (WTO) announced Liechtenstein has pledged CHF 40,000 to the WTO Fisheries Funding Mechanism as Ambassador Kurt Jäger presented this contribution to WTO Director-General Ngozi Okonjo-Iweala. The donation is to aid developing and least-developed members in implementing the Agreement on Fisheries Subsidies. This generous act reinforces Liechtenstein's commitment towards global sustainability and international cooperation.
EU contributes EUR 1 million to WTO Fisheries Funding Mechanism
By Globe Banner | Nov 24, 2023
The World Trade Organization (WTO) announced a multi-year donation of EUR 1 million to the WTO Fisheries Funding Mechanism. Ambassador João Aguiar Machado formally presented this contribution to WTO Director-General Ngozi Okonjo-Iweala, with the funds dedicated to supporting the implementation of the Agreement on Fisheries Subsidies among developing and least-developed members. The donation is part of a larger effort by the European Union and its member states to foster sustainability in marine fisheries worldwide.
Norway contributes NOK 9 million to WTO Fisheries Funding Mechanism
By Globe Banner | Nov 24, 2023
The World Trade Organization (WTO) announced Norway has committed NOK 9 million (about CHF 730,500) to the WTO Fisheries Funding Mechanism. This financial support from Norway, presented by WTO Ambassador Petter Ølberg to Director-General Ngozi Okonjo-Iweala, is intended to assist developing and least-developed members in effectively implementing the Agreement on Fisheries Subsidies. This move reinforces Norway's continued commitment towards global marine sustainability.
Business Message to Belgian EU Presidency: Tackle Short-Term Challenges and Empower European Economy
By Globe Banner | Nov 24, 2023
On November 24, 2023, the Presidents and Directors General of BusinessEurope’s member federations gathered in Brussels to present their priorities for the incoming Belgian Presidency of the Council of the European Union. BusinessEurope President Fredrik Persson highlighted the importance of the upcoming presidency, stating, "The European economy is growing even more sluggishly in the first half of 2023, and the six months of the Belgian Presidency will be crucial."Persson urged the Belgian Presidency to focus on finalizing proposals essential for the competitiveness and...
Citi finalizes sale of Indonesia Consumer Banking Division to UOB
By Globe Banner | Nov 22, 2023
Citi announced the completion of the sale and migration of its Indonesia consumer businesses to UOB Indonesia (UOBI), covering retail banking, credit card, and unsecured lending businesses, along with employee transfers. The sale of these consumer businesses to UOB has generated a regulatory capital benefit of around US$1.1 billion. This move is part of Citi's larger strategic plan to exit consumer banking in various global markets.
CME Group set to introduce €STR options in Q1 2024
By Globe Banner | Nov 22, 2023
CME Group announced plans to introduce options on €STR futures, with the launch scheduled for the first quarter of 2024. These new offerings will be listed and governed by the regulations of CME, providing more avenues for market participants to navigate economic uncertainty and manage their risk in European interest rate markets.
OpenAI reverses course on CEO Altman ouster
By Globe Banner | Nov 22, 2023
Following intense internal negotiations, Sam Altman will resume his role as CEO at OpenAI. This change is in response to pressure from employee dissatisfaction and Microsoft's proposal to Altman. OpenAI's posted to X late November 21 and confirmed Altman's return and a revamped board.
The global cardiac assist devices market growing at CAGR of 13.70% until 2028
By Globe Banner | Nov 22, 2023
Research And Markets released a report detailing the growth of cardiac assist devices in an analysis period of 2023 to 2028, beginning at $2.89 billion in 2022, predicted to reach $6.23 billion by 2028. This trend signifies an evolving healthcare landscape and underscores the increasing reliance on such devices in managing heart-related ailments.
Broadcom finalizes acquisition of VMware
By Globe Banner | Nov 22, 2023
Broadcom finalized a deal with VMware that acquires the cloud computing software provider into the ownership of Broadcom for $69 billion. This landmark deal, completed in 2022, saw one of the world's leading infrastructure technology companies significantly expand its portfolio.
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Sam Altman reinstated to OpenAI as CEO
By Globe Banner | Nov 22, 2023
With an artificial intelligence boom on the verge, OpenAI finally reinstates former CEO Sam Altman to the head of the company only days after his initial firing. This recent development has been brought forward amidst speculation and scant transparency regarding Mr. Altman's dismissal.
Biden welcomes deal for hostage release from Gaza
By Globe Banner | Nov 22, 2023
President Joe Biden has expressed approval of a recent agreement aimed at securing the release of hostages held by Hamas following an attack on Israel on October 7th.
US welcomes deal for release of hostages held by Hamas
By Globe Banner | Nov 22, 2023
The United States has expressed approval for the agreement to release 50 hostages, including American citizens, who have been held by Hamas since the attack on Israel on October 7.