News from December 2024
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.
Brazilian schools revamped amid rising temperatures with support from World Bank
By Globe Banner | Dec 3, 2024
Elizangela Dias Ferreira, a resident of Paraiso do Tocantins in Brazil, has seen significant changes at the Juscelino Kubitschek de Oliveira State School over the years.
World Bank Group revisits African development goals after two decades
By Globe Banner | Dec 3, 2024
The World Bank Group (WBG) has released a follow-up report titled "Africa in the 21st Century: Governance and Inclusive Green Growth," revisiting priorities from its 2000 publication, "Can Africa Claim the 21st Century?"
Celtics' charity drive raises $105K for YMCA's diabetes program
By Globe Banner | Dec 3, 2024
Sun Life U.S. and the Boston Celtics concluded their #SunLifeDunk4Diabetes campaign, raising $105,000 for the YMCA of Greater Boston.
KfW appoints Aida Welker to board; extends Dr Velibor Marjanovic's contract
By Globe Banner | Dec 3, 2024
KfW has announced the appointment of Aida Welker to the Management Board of its subsidiary, KfW IPEX-Bank.
Kazakhstan partners with World Bank to enhance water conservation efforts
By Globe Banner | Dec 3, 2024
The Ministry of Water Resources and Irrigation of Kazakhstan and the World Bank have formalized a partnership aimed at improving water resource management and promoting environmental sustainability.
Trade leaders urge inclusion for persons with disabilities
By Globe Banner | Dec 3, 2024
The recent meeting in Geneva highlighted the importance of integrating disability inclusion into global trade discussions.
World Bank approves loan for Maharashtra's economic growth initiative
By Globe Banner | Dec 3, 2024
The World Bank has approved a new loan to support Maharashtra, India's largest state economy, in its efforts to stimulate economic growth, particularly in underdeveloped districts.
Siemens partners with Tietoevry for Nordic power utility digitalization
By Globe Banner | Dec 3, 2024
Siemens and Tietoevry have announced a collaboration to enhance the digitalization of the power utility sector in the Nordic region.
Standard Chartered targets $200 billion net new money with strategic five-year plan
By Globe Banner | Dec 3, 2024
Standard Chartered has announced an ambitious plan to increase its net new money by USD200 billion over the next five years, alongside achieving double-digit growth in Wealth Solutions income.
EU-Mercosur negotiations approach decisive moment at Mercosur Summit
By Globe Banner | Dec 3, 2024
This week is pivotal for the EU-Mercosur agreement as negotiations near a potential conclusion at the upcoming Mercosur Summit.
IMF's Georgieva highlights green energy opportunities at Caribbean forum
By Globe Banner | Dec 3, 2024
December 3, 2024 Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), addressed the High-Level Caribbean Forum to discuss the critical issue of transitioning to green energy in the region.
Consumer confidence reaches highest level since May 2022
By Globe Banner | Dec 3, 2024
Consumer confidence has reached its highest level in 30 months, rising by 2.7 points to 88.4 points last week.
Trade concerns dominate recent Goods Council meeting
By Globe Banner | Dec 3, 2024
The Committee on Trade in Goods (CTG) recently reviewed 35 specific trade concerns, including three new issues.
ING updates progress on €2 billion share buyback program
By Globe Banner | Dec 3, 2024
ING has provided an update on its ongoing €2.0 billion share buyback program, initially announced on October 31, 2024.
Morocco's efforts aim to preserve oases amid climate challenges
By Globe Banner | Dec 3, 2024
Morocco's oases are more than just a symbol of life in the desert.