News from January 2024
Boeing appoints independent investigator for quality review
By Globe Banner | Jan 19, 2024
Boeing, grappling with a series of issues with its airplanes, has appointed a special advisor to oversee an assessment of the company’s quality management system for commercial airplanes. The chosen individual is retired Navy veteran Admiral Kirkland H. Donald, who will be advising Boeing President and CEO Dave Calhoun.
World Trade Organization members endorse Timor-Leste's WTO accession package
By Globe Banner | Jan 18, 2024
The World Trade Organization (WTO) is set to approve the accession package for Timor-Leste’s membership, marking a significant step for one of the WTO's least developed countries. A formal decision on this matter is anticipated in the coming month.
Binance, Gulf Innova launch Thai crypto exchange
By Globe Banner | Jan 18, 2024
Binance, the world's leading cryptocurrency exchange, has announced the commencement of its full operations in Thailand. This move is made in collaboration with Gulf Innova Co. Ltd., a subsidiary of Gulf Energy Development. The joint venture will function under the name Binance TH by Gulf Binance or simply Binance TH.
IMF approves US$100 million and concludes 2023 consultation with The Gambia
By Globe Banner | Jan 17, 2024
The International Monetary Fund (IMF) has revealed that its executive board has approved a 36-month arrangement under the Extended Credit Facility (ECF), totalling SDR 74.64 million (approximately US$100 million). Concurrently, the board concluded the 2023 Article IV consultation with The Gambia.
Israel Ministry of Health approves Aleph Foods’ cultivated beef steaks
By Globe Banner | Jan 17, 2024
Aleph Foods, a pioneering firm in the cultivated meat industry, has received approval from the Ministry of Health (MOH) as indicated by the 'No Questions' letter issued this week. This marks the first instance of non-chicken cultivated meat being approved and also signifies the first such approval in the Middle East.
OPINION: Union’s history reveals a pattern of self-dealing practices
By Globe Banner | Jan 17, 2024
Unite Here Local 11, a part of the larger Unite Here union, has come under scrutiny for its alleged history of self-dealing actions that seem to prioritize its political agenda over the well-being of its members. Analysis conducted by Globe Banner identified several incidents and practices that have raised concerns about the union's commitment to fair negotiations, worker representation, and responsible financial management. As a result of these actions, workers represented by Unite Here filed a decertification position with the National Labor Relations Board in August, asking for Unite Here to be removed as the official worker representative.
Columbia Pacific Business Finance announces $21 million secured term loan for purchase of Nevada HVAC firm Sunrise
By Globe Banner | Jan 16, 2024
Columbia Pacific Business Finance (CPBF) has extended a million-dollar loan to independent sponsor Ballard & Brown. This financial assistance was instrumental in the acquisition of Sunrise Mechanical and Sunrise Service, a prominent heating, ventilation, and air conditioning (HVAC) company based in Henderson, Nevada. CPBF is recognized as a direct lender to privately-held and sponsor-backed companies, such as Ballard & Brown.
Ryan M. Gwillim named to Manitowoc Board of Directors
By Globe Banner | Jan 16, 2024
The lifting solutions company, Manitowoc, has announced the appointment of a new director and an expansion of its board of directors from nine to ten members. The election of Ryan Gwillim to the board will take effect immediately.
Sierra Space lands contract from Space Development Agency for missile warning and tracking satellites
By Globe Banner | Jan 16, 2024
The company, Sierra Space, has secured a contract to construct 18 satellites intended for missile warning and tracking. Under the agreement, Sierra Space will design, produce, and deliver 16 missile warning and tracking satellites along with two additional satellites specifically built for missile defense and fire control.
Bank of N.T. Butterfield & Son Limited announces appointments to senior management positions
By Globe Banner | Jan 16, 2024
Three individuals have been appointed to new positions at Butterfield. Michael Neff has been named Group Chief Operating Officer, Kevin Dallas will assume the role of Group Chief Experience Officer, and Jody Feldman has been promoted to Managing Director of Bermuda.
Dampier Salt agrees to sell Lake MacLeod salt and gypsum operation
By Globe Banner | Jan 16, 2024
The salt and gypsum operation in Carnarvon, Western Australia is set to be sold to Leichhardt Industrials Group. The transaction is anticipated to be finalized before the year's end.
As China’s economy slows, Africa stands at a critical juncture
By Globe Banner | Jan 16, 2024
As China's economic influence wanes, Africa finds itself at a pivotal moment where self-sufficiency is key. The reduction in Chinese lending to the continent has prompted a need for Africa to take charge of its own development. "With Chinese lending to Africa shrinking, the continent must find ways to support its own development," a critical observation made in light of the changing economic landscape.One potential avenue for Africa to bolster its development is by focusing on internal trade and diversifying its tradeable goods beyond commodities. By doing so, the...
Maropost hires Kristyn Wallace as Country Manager and Vice President of Revenue for Australia
By Globe Banner | Jan 15, 2024
Kristyn Wallace, previously the Regional Vice President of Revenue and Country Manager for Asia Pacific and Japan at Emarsys, has joined Maropost. In her new role, she will be responsible for assisting local retailers in launching and scaling their businesses.
Binance Labs leads SkyArk Chronicles funding round
By Globe Banner | Jan 14, 2024
Singapore-based Web3 gaming ecosystem, SkyArk Chronicles, has announced the successful completion of a $15 million funding round. The round was led by Binance Labs, the venture capital arm of Binance, which is globally recognized as the largest cryptocurrency exchange in terms of trading volume.
State Department Federal Credit Union announces personnel changes
By Globe Banner | Jan 13, 2024
Rachel Rust has been appointed as the Chief Experience Officer at the State Department Federal Credit Union (SDFCU), while Victor Rust assumes the role of Chief Retail Officer.
International Monetary Fund responds to debt treatment agreement by Ghana and its official creditors
By Globe Banner | Jan 13, 2024
Ghana has reached an agreement with its official creditors under the G20 Framework for Debt Treatment, as announced by the country’s Ministry of Finance. This arrangement is anticipated to channel additional resources towards public investments within the nation.
Matt Berman appointed Chief Executive Officer at Foresters Financial
By Globe Banner | Jan 12, 2024
Foresters Financial, a life insurance company with a history spanning nearly 150 years, has appointed Matt Berman as its new president and chief executive officer. Berman replaces Rene Zanin, who had been serving as the interim president and CEO. Since joining Foresters Financial in 2017, Berman has played a significant role in the company's growth and development.
Wiseband joins forces with Rivada Space Networks to expand in the Middle East
By Globe Banner | Jan 12, 2024
Satellite services firm Wiseband has formed a partnership with Rivada Space Networks to deliver secure internet connections across the Middle East. This strategic alliance is anticipated to broaden Wiseband’s connectivity initiatives from the United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA), Kuwait, and Egypt, to emerging markets within the region.
Keystone Acquisition Partners expands platform partners with acquisition of LifeQuotes
By Globe Banner | Jan 12, 2024
Keystone Agency Partners (KAP), a life insurance brokerage platform, has announced its latest acquisition this week, increasing their total platform partners to 20. Established in 2020, KAP specializes in acquiring or partnering with independent insurance agencies.
Fullcast announces successful capital campaign, new leadership
By Globe Banner | Jan 12, 2024
Tech entrepreneur Ryan Westwood has taken the helm at Fullcast as CEO this year, with a vision to transform the company into the first integrated revenue operations platform for a customer’s entire journey.