News from November 2024
ANZ allocates $250K grants through Seeds of Renewal program
By Globe Banner | Nov 13, 2024
ANZ and the Foundation for Rural & Regional Renewal (FRRR) have allocated $250,000 in grants to 22 community groups and not-for-profit organizations through the ANZ Seeds of Renewal program.
FSB emphasizes preparedness against potential bank failures
By Globe Banner | Nov 13, 2024
The Financial Stability Board (FSB) has issued a statement highlighting the importance of resolution planning and loss-absorbing capacity for banks that could be systemically significant or critical if they fail.
Holiday shoppers urged to guard against rising scam threats
By Globe Banner | Nov 13, 2024
As the holiday shopping season approaches, consumers are advised to be vigilant against potential fraud.
DFF CEO: 'There needs to be more collaboration, more unity between nations'
By Globe Banner | Nov 13, 2024
Khalfan Belhoul, CEO of the Dubai Future Foundation (DFF), emphasized the importance of increased "collaboration" and "unity" among "nations, policymakers, investors, entrepreneurs, and the private sector" to address global challenges.
Binance CEO: 'As an industry, we have overcome many challenges together' and will continue to
By Globe Banner | Nov 13, 2024
Richard Teng, CEO of Binance, said that the industry has "overcome many challenges together" and, with "collective strength," "resilience," and "wisdom," will "continue" to overcome any future challenges.
O’Hare International Airport Expansion Primed to Elevate Chicago’s Global Aviation Status
By Globe Banner | Nov 12, 2024
O’Hare International Airport (ORD) is set to become a premier global aviation hub through its $8.5 billion redevelopment, positioning Chicago as a leading gateway for international travelers.
Cambodia enhances higher education through World Bank-backed project
By Globe Banner | Nov 12, 2024
Professor Phat Phanna, a prominent figure in Cambodian higher education, is making strides through the Higher Education Improvement Project (HEIP).
IMF completes second review of Morocco's resilience facility
By Globe Banner | Nov 12, 2024
On November 11, 2024, the International Monetary Fund (IMF) Executive Board concluded its second review under the Resilience and Sustainability Facility (RSF) arrangement for Morocco.
INSEAD launches free global negotiation course initiative
By Globe Banner | Nov 12, 2024
INSEAD has announced the launch of the Negotiation Course for the World (NCW), a new initiative by the INSEAD Negotiation and Conflict Management Collaborative (NCMC).
World Bank expands climate resilient debt clauses at COP28
By Globe Banner | Nov 12, 2024
The World Bank has announced an expansion of its climate resilient debt clauses (CRDCs) at COP28, broadening the scope of these clauses which were first introduced in June 2023.
World Bank extends debt relief options for disaster-hit small states
By Globe Banner | Nov 12, 2024
The World Bank Group has expanded its support for countries rebuilding after disasters, allowing small and vulnerable states to defer loan and interest repayments following catastrophic events.
Multilateral development banks announce increased climate finance goals at COP29
By Globe Banner | Nov 12, 2024
Multilateral development banks (MDBs) have announced plans to significantly increase climate financing by 2030.
Integrating natural capital accounting helps tackle biodiversity loss
By Globe Banner | Nov 12, 2024
Biodiversity is a vital resource for the livelihoods of millions, playing a crucial role in job creation, food security, climate resilience, and inclusive growth.
MDBs introduce framework for measuring climate results at COP28
By Globe Banner | Nov 12, 2024
The Multilateral Development Banks (MDBs) have taken a significant step towards improving the measurement of climate results.
KfW IPEX-Bank boosts funding for Voltera's US electric vehicle charging expansion
By Globe Banner | Nov 12, 2024
KfW IPEX-Bank has announced a $50 million financing deal for Voltera, a company focused on developing and operating charging infrastructure for zero-emission vehicle fleets in the United States.
MDBs unveil new framework for measuring climate action results
By Globe Banner | Nov 12, 2024
The Multilateral Development Banks (MDBs) have unveiled a new framework to measure climate results, fulfilling a commitment made at COP28.
World Bank launches blueprint targeting major methane emission reductions
By Globe Banner | Nov 12, 2024
The World Bank has introduced its Methane Reduction Blueprint at COP28, aiming to address methane emissions through various national programs.
General Council schedules meeting for director-general selection
By Globe Banner | Nov 12, 2024
The Chair of the General Council has announced a meeting to discuss the selection of the next Director-General.
World Bank aims for climate-friendly shift in global subsidy practices
By Globe Banner | Nov 12, 2024
The World Bank has announced its ongoing efforts to redirect harmful energy and agricultural subsidies towards more climate-friendly outcomes.
ING updates on share buyback progress with over 11 million shares repurchased
By Globe Banner | Nov 12, 2024
ING has provided an update on its ongoing €2.0 billion share buyback programme, which was initially announced on October 31, 2024.