News from 2023
BusinessEurope Comments on EU Parliament Plenary Vote on EU Data Act
By Globe Banner | Nov 9, 2023
BusinessEurope Director General Markus J. Beyrer has commented on today's EU Parliament Plenary vote on the EU Data Act, emphasizing the importance of assessing its impact on the EU's global competitiveness. Beyrer stated, "Making data flows easier in Europe is a necessary step, but it will be key to assess the Data Act’s impact on the EU’s global competitiveness."Expressing the concerns of the European business community, Beyrer highlighted the need to prevent a chilling effect on data innovation investments in the EU. He stated, "The number one concern of the European...
US allocates $600,000 for developing economies' trade capacity-building
By Globe Banner | Nov 8, 2023
The World Trade Organization (WTO) has disclosed that the United States will provide a financial contribution of USD 600,000 (approximately CHF 535,000) in 2023 to the WTO's Global Trust Fund. This fund is designated to support training programs aimed at government officials from developing economies and least-developed countries (LDCs), according to a press release by WTO.
BusinessEurope Economic Outlook Reveals Significant Drop in European Business Sentiment
By Globe Banner | Nov 8, 2023
BusinessEurope Director General Markus J. Beyrer, upon the release of BusinessEurope’s Economic Outlook, expressed concerns about the current state of the European economy. Beyrer noted, "The European economy continued to grow even more sluggishly in the first half of 2023 as businesses were faced with the impact of higher interest rates, a slowing global economy, and increasing long-term competitiveness challenges." He highlighted that factors such as higher interest rates and increased credit standards have hindered investment and consumer spending, leading to a more...
On Tuesday, oil prices fell over 4%, marking their lowest point since July
By Globe Banner | Nov 7, 2023
Thomson Reuters reported the falling oil prices and weak demand within the oil market, as the dollar strengthens.
WTO says prompt food market information is a key to solving agriculture crises
By Globe Banner | Nov 7, 2023
The Agriculture Market Information System (AMIS) Global Food Market Information Group at WTO discussed the importance of timely food market information in solving multiple challenges in the food market, such as climate change, conflict, and other challenges.
The global 3D printing in education market rises to $305.2 billion in 2022
By Globe Banner | Nov 7, 2023
Ireland Research And Markets released a market report covering the global 3D printing in education market and highlighting the significant growth estimated. This market is predicted to reach $563.04 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 10.90% during the period 2023 to 2028.
Leading crypto exchange presents ‘case studies on tackling money laundering’ for Brazilian law enforcement
By Globe Banner | Nov 7, 2023
Binance, the largest cryptocurrency exchange in the world, recently participated in the first State Financial Intelligence Workshop hosted by law enforcement in Brazil. The workshop aimed to provide law enforcement officials with insights and strategies to tackle money laundering in the crypto space. Binance, which launched its law enforcement training program in September 2022, has been actively involved in training sessions and sharing best practices with law enforcement agencies worldwide.
U.S. invites applications for Ambassador's Fund focused on cultural heritage preservation
By Globe Banner | Nov 6, 2023
The U.S. Department of State has announced the opening of its call for proposals for the Ambassador’s Fund for Cultural Heritage Preservation (AFCP) for 2024.
The image recognition market is expected to grow rapidly, boasting a CAGR of 18.53%
By Globe Banner | Nov 5, 2023
The image recognition market is anticipated to experience substantial growth, expected to increase by $59.81 billion from 2022 to 2027, according to a report released by Technavio. "The image recognition market is expected to grow rapidly," the company said.
EXCLUSIVE: Satellite photos show Pakistan terrorist attack caused limited damage
By Special to the Globe Banner | Nov 4, 2023
An Islamist terrorist attack on a Pakistani air force training base caused limited damage to two aircraft hangers, and no aircraft or military vehicles were damaged. That's according to satellite photos of Mianwal Air Force Base taken Saturday by Umbra Lab, obtained and analyzed by the Globe Banner.
U.K. Financial Conduct Authority approves PayPal as crypto service provider
By Globe Banner | Nov 3, 2023
The U.K’s Financial Conduct Authority (FCA) has approved PayPal as an authorized cryptocurrency service provider, according to a recent announcement. This approval allows PayPal to offer cryptocurrency services to its customers in the U.K. and further solidifies the company's position in the crypto market.
Leading crypto exchange applauds G20’s adoption of IMF’s proposed regulations
By Globe Banner | Nov 1, 2023
During a recent G20 Finance Ministers and Central Bank Governors meeting in Morocco, the intergovernmental forum unanimously agreed to adopt the regulatory roadmap for digital assets that was proposed by the International Monetary Fund (IMF) and Financial Stability Board (FSB). Binance, the largest cryptocurrency exchange in the world, has commended the G20 for choosing to adopt the regulations, saying that a coordinated global approach will increase utility, innovation, and consumer trust.
Growing at an outstanding 11.7% CAGR, the work order management systems global market is set to reach record value
By Globe Banner | Oct 31, 2023
Research And Markets released a report detailing the intense growth of the work order management systems global market, noting its $634.5 Million in the year 2022 and impressive predicted increase to $1.5 BIllion by 2030. According to Cision's PR Newswire, "The global market for Work Order Management Systems estimated at US$634.5 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030".
After a drawn-out strike, GM makes a deal with UAW, ending the conflict
By Globe Banner | Oct 31, 2023
After similar deals made by auto giants Ford and Stellantis, General Motors finally likewise writes a deal with the United Auto Workers union.
Despite rising oil prices, BP still struggles to increase profit
By Globe Banner | Oct 31, 2023
BP, the energy giant, has reported lower than expected profits despite the recent rise in global oil prices, according to a report by BBC. The company was predicted to make $4 billion between July and September of this year, but instead, they came out with only $3.3 billion.
European Companies Face Critical Labour and Skills Shortages, New Survey Reveals
By Globe Banner | Oct 30, 2023
BusinessEurope today released findings from a recent survey of European companies, shedding light on the significant labour and skills shortages prevalent in the region. According to BusinessEurope Director General Markus J. Beyrer, "Our survey of European companies confirmed that they are facing growing labour and skills shortages. This is fuelled by three factors: demographic change, high rates of inactivity and low levels of intra-EU mobility. These shortages will continue to be Europe’s key labour market challenge in the coming years."The survey revealed that...
Citi as World Bank's first issuing and paying agent on Euroclear's D-FMI DLT platform
By Globe Banner | Oct 27, 2023
Citi's Issuer Services division, a part of Securities Service, has acted as the Issuing and Paying Agent for the first-ever Digitally Native Note (DNN) issuance under English Law on Euroclear's Digital Financial Market Infrastructure (D-FMI) distributed ledger technology (DLT) platform. The World Bank - International Bank for Reconstruction and Development (IBRD) issued the inaugural DNN, valued at EUR 100 million and with a three-year term. This development marks a significant step towards fully digital bond transactions and showcases the integration of blockchain technology...
Abounding at an impressive CAGR of 6.65%, the global school bags market grows
By Globe Banner | Oct 27, 2023
ResearchAndMarkets released a report detailing the impressive growth of the global school bags market, revealing market size, trends, growth drivers, and challenges. According to Cision's PR Newswire, the global school bags market is projected to increase by USD 6,380.75 million during the period 2022-2027, growing at an impressive CAGR of 6.65%.
The alternative protein ingredients for human nutrition market is set for growth
By Globe Banner | Oct 27, 2023
Research And Markets has released a report highlighting the growth opportunities in the alternative protein ingredients market for human nutrition. The report covers the market dynamics of plant protein, microbial protein, and insect protein ingredients for human nutrition applications.
The multimodal AI market show opportunities for growth
By Globe Banner | Oct 27, 2023
Research And Markets released a report detailing the growth of the multimodal AI market in enterprise applications. According to Cision's PR Newswire, the report titled "Multimodal AI Growth Opportunities in Enterprise Applications" provides an inclusive overview of the emerging multimodal AI use cases across industry verticals and horizontal business functions. It also highlights the key drivers and restraints impacting the AI market, making it a valuable resource for technology vendors and service providers.