News from December 2024
Societe Generale announces key appointments within global markets activities
By Globe Banner | Dec 4, 2024
Societe Generale has announced key appointments within its Global Markets Activities.
IDA21 meeting emphasizes collaboration amid global challenges
By Globe Banner | Dec 4, 2024
A significant gathering took place as Axel van Trotsenburg delivered opening remarks at the IDA21 Final Replenishment Meeting.
Siemens partners with Compass Datacenters for scalable data center solutions
By Globe Banner | Dec 4, 2024
Siemens and Compass Datacenters have entered into a multi-year agreement to develop custom electrical solutions, aimed at supporting the rapid scaling of data center construction.
World Bank approves $200M funding to enhance Costa Rican education
By Globe Banner | Dec 4, 2024
The World Bank's Board of Executive Directors has approved new funding to support Costa Rica in enhancing foundational learning, digital competencies, and employability skills for students in public primary and secondary schools.
World Bank reports on CAR's economic stagnation amid security challenges
By Globe Banner | Dec 4, 2024
The World Bank has released a report highlighting the stagnant state of the Central African Republic's economy, with GDP growth projected at 0.7% for 2024.
Siemens celebrates inventors' contributions across diverse fields
By Globe Banner | Dec 4, 2024
Siemens has recognized the achievements of its leading inventors for 2024, highlighting innovations that impact various sectors.
FSB plenary discusses global finance issues in Hong Kong
By Globe Banner | Dec 4, 2024
The Financial Stability Board (FSB) Plenary convened in Hong Kong over two days to discuss global financial stability and other key issues.
Montenegro faces urgent need for investment in climate resilience
By Globe Banner | Dec 4, 2024
Montenegro is facing serious climate challenges, including frequent floods, earthquakes, landslides, and increasingly severe droughts, wildfires, and heatwaves.
World Bank report shows modest growth in Afghan economy amid persistent challenges
By Globe Banner | Dec 4, 2024
The Afghan economy is experiencing moderate growth, but challenges persist, according to the World Bank's latest Afghanistan Development Update.
Bio24 Social wins KfW people's choice award for tackling loneliness
By Globe Banner | Dec 4, 2024
The startup Bio24 Social from Mecklenburg-Western Pomerania has been awarded the people's choice award as part of the KfW Entrepreneurs' Award.
Brazil introduces bill for national Bitcoin reserve
By Globe Banner | Dec 4, 2024
On November 25, 2024, Eros Biondini, a member of the Chamber of Deputies of Brazil, introduced the Reserva Estratégica Soberana de Bitcoins (RESBit) legislation.
World Bank approves $70M project for Morocco's social protection reform
By Globe Banner | Dec 4, 2024
The World Bank has approved a $70 million project to support Morocco's social protection reform.
World Bank report highlights inequality challenges hindering Africa's poverty reduction
By Globe Banner | Dec 4, 2024
Unequal access to jobs, finance, and public services is hindering poverty reduction in Sub-Saharan Africa, according to a World Bank report released on December 4, 2024.
Taiwan's FSC announces new regulations for virtual asset service providers
By Globe Banner | Dec 4, 2024
Taiwan’s Financial Supervisory Commission (FSC) has announced new regulations aimed at enhancing compliance for virtual asset service providers (VASPs) under the nation's anti-money laundering (AML) framework.
Washington Examiner Op-Ed: 'Trump - and any future U.S. leader - would be wise to avoid entangling themselves in (former Pakistani Prime Minister Imran) Kahn's saga'
By Globe Banner | Dec 3, 2024
A Washington Examiner opinion piece this week said that President-elect Donald Trump should "avoid entangling" himself in the affairs of former Pakistani Prime Minister Imran Kahn.
Canada's economic outlook for 2025: Challenges and opportunities
By Globe Banner | Dec 3, 2024
The outlook for Canada's economy in 2025 suggests a mixed picture, with potential challenges and opportunities across various sectors.
Europe faces economic challenges amid Trump's proposed tariffs
By Globe Banner | Dec 3, 2024
A Trump presidency is expected to present new challenges for Europe, affecting the region's equities despite their low valuations.
World Bank invests $400M in Djibouti's development amid economic challenges
By Globe Banner | Dec 3, 2024
Djibouti, strategically located at the intersection of key trade routes, is poised to enhance its role in regional connectivity and integration.
Siemens collaborates with Eplan for improved machine engineering data integration
By Globe Banner | Dec 3, 2024
Siemens and Eplan have announced a collaboration aimed at enhancing data interoperability in machine engineering.
Developing nations' foreign debt hits record amid rising interest costs
By Globe Banner | Dec 3, 2024
Developing countries have experienced significant financial pressure, spending a record $1.4 trillion on foreign debt in 2023, according to the World Bank's International Debt Report.