News from May 2024
World Bank Funds $68 Million Project in The Gambia to Boost Agricultural Productivity
By Globe Banner | May 2, 2024
The World Bank has approved a $68.00 million financing for The Gambia Inclusive and Resilient Agricultural Value Chain Development (GIRAV Project), with part of the funding coming from the International Development Association Crisis Response Window.Aifa Fatimata Ndoye Niane, Senior Agriculture Economist and Project Task Team Leader, highlighted the importance of the funding, stating, “This funding boost for GIRAV will address various critical needs: replenishing diverted resources, tackling food crises with climate-smart solutions, enhancing rural infrastructure for...
Zimmer Biomet Reports Positive First Quarter Financial Results
By Globe Banner | May 2, 2024
Zimmer Biomet Holdings, Inc. has announced its financial results for the first quarter of 2024, with net sales reaching $1.889 billion, marking a 3.2% increase over the previous year period. The company also reported a 4.4% increase on a constant currency basis. Diluted earnings per share for the first quarter were $0.84, with adjusted diluted earnings per share at $1.94.In a statement, Ivan Tornos, Zimmer Biomet's President and Chief Executive Officer, expressed satisfaction with the team's performance, stating, "We are very pleased with the execution, progress, and...
ATI Names Netta Washington to Lead HPMC Segment
By Globe Banner | May 2, 2024
ATI Inc. (NYSE: ATI) has appointed Netta Washington as the new Executive Vice President to lead the company's High Performance Materials and Components (HPMC) segment, as reported on May 2, 2024.In an official statement, ATI President and Chief Operating Officer Kimberly A. Fields expressed confidence in Washington's abilities, stating, "Through Netta's leadership, we'll continue to drive growth, earnings and cash flow in Forged Products and Specialty Materials." Fields also highlighted Washington's impressive track record in operational performance and revenue growth...
Futuristic AI Requires Futuristic Data Centers, Experts Urge Investment Surge
By Globe Banner | May 2, 2024
Experts in the tech industry are urging for a surge in investment towards futuristic data centers to support the growing demand for AI-powered technologies. William Hisey, CEO of Avant Technologies Inc., emphasized the importance of integrating AI with Zero Trust Architecture for robust data center security, stating, "By integrating AI with Zero Trust Architecture, we are creating a robust and future-proof security framework for our data centers."Hisey, who recently took on the role of CEO at Avant, expressed his enthusiasm for the company's advancements in the AI space,...
Enterprise AI Market Projected to Reach $171.2 Billion by 2031
By Globe Banner | May 2, 2024
The Enterprise AI market is set to reach a value of $171.2 billion by the year 2031, according to an exclusive report by Meticulous Research®. The report provides valuable insights into the growth and trends of the industry, indicating a promising future for AI technology in enterprise settings.As stated by Meticulous Research®, "The Enterprise AI market is expected to witness significant growth in the coming years, reaching a value of $171.2 billion by 2031."This projection highlights the increasing adoption and integration of AI solutions in various sectors and...
VULCAN REPORTS FIRST QUARTER 2024 RESULTS
By Globe Banner | May 2, 2024
BIRMINGHAM, Ala., May 2, 2024 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced results for the quarter ended March 31, 2024.Financial Highlights Include:Tom Hill, Vulcan Materials' Chairman and Chief Executive Officer, expressed satisfaction with the company's performance, stating, "Our teams' solid execution helped us overcome challenging weather conditions throughout much of the first quarter." He highlighted that despite lower aggregates shipments, margins expanded, demonstrating the...
Jones Walker Expands Healthcare Industry Team
By Globe Banner | May 2, 2024
NEW ORLEANS, May 2, 2024 /PRNewswire/ -- Jones Walker LLP has announced the addition of Greg Schafer and Valerie Fontenot as special counsel in the firm's Litigation Practice Group and members of the firm's growing Healthcare Industry Team in the New Orleans office.Bill Hines, the managing partner of Jones Walker, expressed enthusiasm about the new additions, stating, "Greg's vast experience in litigation and Valerie's deep knowledge of the intricately involved medical industry will strengthen the firm's ability to support our clients in the healthcare sector."Greg...
Afghanistan’s Economic Decline Continues but Private Sector Can Support Growth, Says World Bank
By Globe Banner | May 2, 2024
WASHINGTON, May 2, 2024—Afghanistan's economic outlook remains uncertain, with the threat of stagnation looming large until at least 2025, says the World Bank in its latest Afghanistan Development Update.The report, Navigating Challenges: Confronting Economic Recession and Deflation, notes that a 26 percent contraction in real GDP growth, coupled with declining external financing avenues for off-budget expenditures, paints a stark picture of Afghanistan’s economic prospects. Structural deficiencies in the private sector, together with waning international support for...
World Bank Announces New Strategy to Promote Green, Resilient and Inclusive Development in Jamaica
By Globe Banner | May 2, 2024
Washington, D.C., May 2, 2024 – The World Bank Group’s Board of Directors has endorsed a new strategic partnership for Jamaica aimed at promoting green, resilient, and inclusive development over the 2024-2027 period. The strategy focuses on advancing various aspects of development while also supporting the government's efforts towards debt reduction and fiscal resilience.Jamaica's Minister of Finance and the Public Service, Nigel Clarke, emphasized the importance of sustaining macroeconomic stability and fiscal sustainability while driving economic expansion. Clarke...
MikeWorldWide Named Agency of the Year in 2024 American Business Awards
By Globe Banner | May 2, 2024
NEW YORK, May 2, 2024 /PRNewswire/ -- MikeWorldWide, a NYC-based public relations agency, has been honored with the Silver Stevie® Award in the Public Relations Agency of the Year category at The 22nd Annual American Business Awards®.The American Business Awards, known as the U.S.A.'s premier business awards program, received over 3,700 nominations this year from organizations of all sizes and industries. Among the categories, MikeWorldWide stood out in the Public Relations Agency of the Year category.The agency was recognized by the American Business Awards jury for...
World Bank Launches Training Program on Post-Production in Film Industry to Create Jobs in Bangladesh
By Globe Banner | May 2, 2024
DHAKA, May 02, 2024 – The World Bank has initiated a training program titled 'PostPro TalentLab' aimed at providing aspiring professionals in Bangladesh with the necessary skills for post-production jobs in the film and content-making industry, both locally and internationally.Abdoulaye Seck, World Bank Country Director for Bangladesh and Bhutan, expressed optimism about the potential of Bangladesh in the global post-production industry, stating, “With our large youth population, Bangladesh has a promising future in the global post-production industry, if supported by the...
Edible® Welcomes Tech Strategist Faraz Iqbal as Chief Technology Officer
By Globe Banner | May 2, 2024
ATLANTA, May 2, 2024 /PRNewswire/ -- Edible®, an innovative e-commerce hub uniquely supported by locally owned brick-and-mortar locations across the globe, today announced the appointment of Faraz Iqbal as Chief Technology Officer (CTO). With more than 25 years of experience and expertise in technology, operations, and franchise growth, Iqbal is poised to amplify Edible's dynamic e-commerce platforms and in-store retail technology to create memorable experiences for customers.Faraz Iqbal, the new Chief Technology Officer at Edible, will leverage his extensive experience...
Liberty Bankers Insurance Group Wins Gold Stevie® Award for Innovative Digital Tool
By Globe Banner | May 2, 2024
Liberty Bankers Insurance Group (LBIG) has been honored with a Gold Stevie® Award in the New Product and Services, Insurance Solutions category at The 22nd Annual American Business Awards®. The prestigious award was given in recognition of LBIG's innovative digital tool, the Intelligent Plan Designer, which was launched in conjunction with Liberty Bankers Life Insurance Company's Hospital Indemnity Plus insurance product in July 2023.Eric Johansson, the executive vice president and chief operating officer of Liberty Bankers Insurance Group, highlighted the purpose of the...
Chunghwa Telecom Reports Positive First Quarter Results in 2024
By Globe Banner | May 2, 2024
TAIPEI, May 2, 2024 /PRNewswire/ -- Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) announced its un-audited operating results for the first quarter of 2024, with a focus on financial performance and strategic outlook.According to the report, Chunghwa Telecom's total revenue increased by 1.4% to NT$ 54.94 billion in the first quarter of 2024. Mr. Shui-Yi Kuo, Chairman and CEO of Chunghwa Telecom, expressed satisfaction with the company's performance, stating, "Chunghwa Telecom has embarked on 2024 with a strong start. Our robust first quarter results have once again...
U.S. Embassy warns citizens about potential disruption due to protests in Bratislava
By Globe Banner | May 2, 2024
The U.S. Embassy has issued a notice to American citizens regarding scheduled protests in Bratislava on Thursday, May 2.
Enlyte and Mitchell Receive Prestigious Stevie Awards for Excellence
By Globe Banner | May 2, 2024
SAN DIEGO, May 2, 2024 /PRNewswire/ -- Enlyte and Mitchell, an Enlyte company, have been recognized by the American Business Association with two prestigious Stevie awards for excellence. The awards, presented annually, highlight outstanding achievements in various categories within the business world.Enlyte was honored with a Silver Stevie Award for Achievement in Thought Leadership, while Mitchell received a Silver Stevie Award for Best eBook in the Publications category. These accolades reflect the organizations' dedication to utilizing their wealth of data and market...
U.S. Consulate offers services in Cuenca on May 20-21
By Globe Banner | May 1, 2024
The U.S. Consulate General in Guayaquil has announced that its representatives will offer notarial and passport services in Cuenca on May 20 and 21, 2024.
Goods Council takes stock of progress to improve its functioning, advance WTO reform
By Globe Banner | May 1, 2024
The outgoing Council Chairperson, Ambassador Adamu Mohammed Abdulhamid of Nigeria, highlighted the value of the informal sessions on digital tools, emphasizing their role in providing members with a better understanding of how these tools can assist delegations. He noted that these sessions help prepare members for committee meetings and follow up on them.At the formal meeting, the Secretariat presented a report summarizing various actions taken to improve the Council's functioning, including adjustments to the eAgenda, the launch of the Trade Concerns Database, and...
Realizing Education's Promise: Rebuilding Indonesia's Madrasahs and Returning Students to the Classroom After an Earthquake
By Globe Banner | May 1, 2024
On May 1, 2024, it was reported that Indonesia's Ministry of Religious Affairs had successfully rehabilitated 64 madrasahs in the Cianjur district of West Java, following a devastating earthquake in November 2022. The World Bank, in collaboration with the government, implemented the Realizing Education's Promise Project to restore a safe learning environment for more than 13,000 students affected by the disaster.Afi Suprapti, a kindergarten madrasah principal, expressed gratitude for the quick response and support received, stating, “When we heard about it, we were very...
What You Need to Know About CCDR Investment Estimates and the Role of the Private Sector
By Globe Banner | May 1, 2024
On May 1, 2024, the World Bank Group delved into the complexities of CCDR investment estimates and the pivotal role the private sector is expected to play in advancing climate finance goals.Discussing the findings from the completion of CCDRs covering 42 economies, experts highlighted the continued trend of larger climate-development financing needs in countries that have contributed least to global warming. Stéphane Hallegatte, David Groves, Camilla Knudsen, and Ammara Shariq emphasized the importance of international concessional finance for low and middle-income...