News from January 2024
Somerset Reinsurance announces a new Head of New Business Development
By Globe Banner | Jan 10, 2024
Manisha Dias has been appointed as the Head of New Business Development at Somerset Reinsurance. In her new role, she will be responsible for managing the company's commercial activity, underwriting and pricing policy, reporting directly to the company’s CEO and chairman.
Omni Hotels welcomes new chief commercial officer
By Globe Banner | Jan 10, 2024
Jeff Doane has been appointed as the chief commercial officer of Omni Hotels and Resorts. With over twenty years of experience in the hospitality industry, Doane's portfolio includes tenures at Fairmont Raffles Hotels International and Accor North America, where he also served as the chief commercial officer.
Binance Pay transactions exceeded $71B in 2023 despite market uncertainty
By Globe Banner | Jan 10, 2024
Binance, the world's largest cryptocurrency exchange by trading volume, revealed on January 9 that transactions via Binance Pay surpassed $77 billion in 2023, marking a 71% year-on-year growth. Binance Pay is a contactless cryptocurrency payment method that allows individuals and businesses to utilize crypto for routine transactions.
Accenture announces new network of generative AI studios
By Globe Banner | Jan 8, 2024
Accenture, a leading global professional services company, has announced plans to expand its operations into the Asia Pacific and Latin America. This move will extend its reach into nine different countries, providing clients with access to artificial intelligence (AI) experts and data.
Word Bank Pandemic Fund launches second round with $500 million
By Globe Banner | Jan 8, 2024
The World Bank has announced that its Pandemic Fund’s Governing Board has approved a grant envelope of $500 million for its second round of funding. The goal is to assist low- and middle-income countries in bolstering their preparedness for future pandemics. This substantial funding is accessible to any country eligible for funding from the International Bank for Reconstruction and Development (IBRD) and/or the International Development Association (IDA).
MedMen Enterprises announces exit of Arizona cannabis market
By Globe Banner | Jan 8, 2024
Subject to regulatory approval, the asset sale of MedMen to MINT Cannabis in Nevada is set to be finalized. The cannabis firm operates in several states including California, Illinois, Massachusetts, and New York.
Rare Element Resources announces coming departure of president and CEO
By Globe Banner | Jan 8, 2024
Brent Berg, who has held the position of company president and chief executive officer since November 2022, is set to step down. The board of Rare Element Resources Ltd. has already initiated a process to find Berg's successor.
Berkshire Hathaway, Pilot Corporation settle lawsuit
By Globe Banner | Jan 7, 2024
Berkshire Hathaway disclosed this week that it had reached a settlement in a lawsuit with Pilot Corporation, thereby cancelling the trial that was scheduled to commence on Monday in Delaware.
Citi structures social trade loan for Fundación Génesis Empresarial to boost financial inclusion in Guatemala
By Globe Banner | Jan 3, 2024
Citi has announced a social trade loan in local currency for Fundación Génesis Empresarial, a microfinance institution. The loan is intended to promote sustainable growth in underserved communities. Génesis Empresarial plans to use the funds to extend productive credits to low-income individuals and entrepreneurs in Guatemala, fostering inclusive economic growth.
Ryan Specialty Holdings announces changes to the board of directors
By Globe Banner | Jan 2, 2024
The specialty insurance firm recently declared that William J. Devers, after a decade of service on the board of directors, vacated his position last month. In the wake of this departure, Pat Ryan Jr. was appointed to the board this week.
International Monetary Fund completes fifth review of Costa Rica’s Extended Fund Facility Agreement
By Globe Banner | Jan 1, 2024
The International Monetary Fund (IMF) has completed the country’s Extended Fund Facility (EFF) agreement, enabling a disbursement of funds. The IMF also confirmed the completion of the second review of Costa Rica’s Resilience and Sustainability Facility (RSF) arrangement.