News from November 2024
Goldman Sachs acquires majority stake in Sila Services from Morgan Stanley
By Globe Banner | Nov 11, 2024
Investment funds managed by Morgan Stanley Capital Partners (MSCP) have reached an agreement to sell Sila Services to the Private Equity business at Goldman Sachs Alternatives.
Ethiopia's safety net program aids mother investing in children's future
By Globe Banner | Nov 11, 2024
Shemsi Adem faced numerous challenges following the death of her husband over 15 years ago.
African leaders convene in Kigali to address learning crisis
By Globe Banner | Nov 11, 2024
Over 500 education leaders, including 28 ministers of education and representatives from 39 African countries, are gathering in Kigali, Rwanda, from November 11 to 13 for the Africa Foundational Learning Exchange (FLEX 2024).
PIK and KfW propose new financial model for carbon removals at World Climate Summit
By Globe Banner | Nov 11, 2024
The Potsdam Institute for Climate Impact Research (PIK) and KfW, a leading promotional bank, have introduced a new financing concept for carbon removals at the World Climate Summit.
Yuanta hosts Happiness Day for Tainan's remote area children at planetarium
By Globe Banner | Nov 11, 2024
Yuanta Financial Holding Company and the Yuanta Cultural and Educational Foundation organized the "Yuanta Happiness Day" in Tainan, southern Taiwan.
IMF reaches staff-level agreement on credit facility review with Zambia
By Globe Banner | Nov 11, 2024
An International Monetary Fund (IMF) staff team, led by Mercedes Vera Martin, has reached a staff-level agreement with Zambian authorities on the fourth review of the Extended Credit Facility (ECF).
IMF reaches staff-level agreement with Niger on economic program reviews
By Globe Banner | Nov 11, 2024
An International Monetary Fund (IMF) staff team, led by Antonio David, conducted meetings from October 28 to November 9, 2024, to review Niger's economic program under the Extended Credit Facility (ECF) and the Resilience and Sustainability...
Japan contributes CHF 105K to enhance trade skills in developing economies
By Globe Banner | Nov 11, 2024
Japan has announced a contribution of CHF 105,000 to support developing economies in enhancing their trade capabilities.
Siemens expands access to industrial AI with new products
By Globe Banner | Nov 11, 2024
Siemens is expanding access to industrial AI with its new offerings, including the Industrial Operations X and NVIDIA-accelerated industrial PCs.
Malaysia explores balancing migration reduction with increased automation
By Globe Banner | Nov 11, 2024
Malaysia is working towards reducing its reliance on migrant workers as outlined in the 12th Malaysia Plan.
WTO assesses three decades of trade development in least-developed countries
By Globe Banner | Nov 11, 2024
The World Trade Organization (WTO) members gathered to evaluate 30 years of trade development in least-developed countries (LDCs).
KfW IPEX-Bank joins EUR 220M financing for DAH Group's biogas expansion
By Globe Banner | Nov 11, 2024
KfW IPEX-Bank has joined a consortium of five banks to finance the DAH Group's biogas platform.
Former Binance CEO: 'I'm the only one who went to jail' for a single 'Banking Secrecy Act' violation
By Globe Banner | Nov 10, 2024
Changpeng Zhao, founder and former CEO of Binance, said he is the "only person" to face jail for a single "Banking Secrecy Act violation" related to unregistered U.S. operations and inadequate anti-money laundering measures.
Trump's re-election sparks S&P 500 surge amid Republican congressional gains
By Globe Banner | Nov 9, 2024
The U.S. stock market surged to new heights following the announcement of Donald Trump's election as President and the Republican Party's gain of Senate control.
Ngozi Okonjo-Iweala confirmed as sole candidate for WTO Director-General
By Globe Banner | Nov 9, 2024
The World Trade Organization (WTO) has confirmed Ngozi Okonjo-Iweala as the sole candidate for the position of Director-General.
Dubai real estate policy director: 'we approved' a strategy to 'democratize real estate investment'
By Globe Banner | Nov 9, 2024
Dr. Mahmoud Alburai, senior director of real estate policies and innovation at the Dubai Land Department, said that tokenization is a key component of Dubai’s newly "approved Real Estate Strategy 2033" aimed at "democratizing" investment.
Nansen CEO: 'We believe that every asset will be tokenized'
By Globe Banner | Nov 9, 2024
Alex Svanevik, CEO and Co-founder of Nansen, expressed his belief that "every asset will be tokenized" and tracked on-chain, making on-chain data essential for investors.
Pacific Island countries engage in labor mobility exchange with Philippines
By Globe Banner | Nov 8, 2024
Representatives from Pacific Island countries recently visited the Philippines to participate in a Labor Mobility Study Visit and Knowledge Exchange.
Workshop explores Southeast Asia's use of trade for tech access
By Globe Banner | Nov 8, 2024
The recent workshop held over three days aimed to facilitate the exchange of experiences and insights among international experts, focusing on designing policies that support innovation and access to health technologies.
Alliance Credit Union of Florida placed into conservatorship by state regulator
By Globe Banner | Nov 8, 2024
Florida's Office of Financial Regulation has placed Alliance Credit Union of Florida into conservatorship, appointing the National Credit Union Administration (NCUA) as conservator.