News from November 2024
World Bank releases annual report on sanctions system for FY 2024
By Globe Banner | Nov 7, 2024
The World Bank Group has released its Sanctions System Annual Report for the fiscal year 2024.
World Bank announces $750M aid package to boost Ukraine's reconstruction efforts
By Globe Banner | Nov 7, 2024
The World Bank has announced a $750 million support package aimed at aiding Ukraine's reconstruction efforts.
Siemens launches TIA Portal Version 20 with advanced PLC integration
By Globe Banner | Nov 7, 2024
Siemens has introduced TIA Portal Version 20, focusing on enhancing performance and efficiency for users.
Ethiopia grants refugees right to work under new landmark directive
By Globe Banner | Nov 7, 2024
In a significant policy shift, the Ethiopian government has granted refugees the legal right to work, marking a transformative step for over 800,000 refugees in the country.
World Bank evaluates ongoing support efforts amid Haiti's crisis
By Globe Banner | Nov 7, 2024
The World Bank has conducted a Country Portfolio Performance Review in Haiti, partnering with the Haitian government to evaluate its ongoing projects and support efforts.
IMF reaches agreement with Guinea Bissau on seventh review
By Globe Banner | Nov 7, 2024
A team from the International Monetary Fund (IMF), led by Mission Chief Niko Hobdari, conducted meetings in Bissau from October 29 to November 6, 2024.
UK rent and mortgage spending rises; consumer confidence improves
By Globe Banner | Nov 7, 2024
Rent and mortgage spending in the UK reached a 13-month high with a growth of 6.4% in October, as reported by Barclays Property Insights.
World Bank highlights green transition opportunities in Tajikistan's new climate report
By Globe Banner | Nov 7, 2024
The World Bank Group has released its Tajikistan Country Climate and Development Report (CCDR), highlighting the potential for climate action to revitalize Tajikistan's economy while addressing climate change risks.
World Bank launches roadmap for Türkiye's offshore wind industry development
By Globe Banner | Nov 7, 2024
The World Bank Group, in collaboration with Türkiye's Ministry of Energy and Natural Resources, has unveiled a roadmap to develop an offshore wind industry in Türkiye.
Founder of Giggle Academy announces launch in close beta
By Globe Banner | Nov 7, 2024
Changpeng Zhao, founder of Giggle Academy, announced the launch of its closed beta phase with 2,400 invitations sent and a few hundred testers currently participating.
Consensys announces presence at Devcon 7 in Bangkok
By Globe Banner | Nov 7, 2024
Consensys has announced its participation in EFDevcon in Bangkok, alongside MetaMask, Linea, and other team members.
Binance announces new privacy management feature
By Globe Banner | Nov 7, 2024
Binance has introduced a new feature that centralizes tools for privacy management, allowing users to download their personal data.
Standard Chartered and Ant International complete blockchain-based SGD transaction
By Globe Banner | Nov 6, 2024
Standard Chartered and Ant International have completed their first blockchain-based SGD-denominated liquidity transfer.
Blackstone acquires Retail Opportunity Investments Corp for $4 billion
By Globe Banner | Nov 6, 2024
Blackstone Real Estate and Retail Opportunity Investments Corp. (ROIC) have announced a definitive agreement in which Blackstone Real Estate Partners X will acquire all outstanding common shares of ROIC for $17.50 per share.
Jordan expands job opportunities for Syrians amid ongoing refugee crisis
By Globe Banner | Nov 6, 2024
In Jordan, a World Bank-supported initiative, the Program for Results (P4R), has been working to increase formal employment opportunities for both Syrians and Jordanians.
China disputes EU duties on electric vehicles at WTO
By Globe Banner | Nov 6, 2024
China has initiated a dispute complaint regarding the European Union's definitive duties on electric vehicles.
ASEAN sees surge in fintech funding driven by AI and quantum computing
By Globe Banner | Nov 6, 2024
Funding for financial technology in the ASEAN region has seen a remarkable increase, growing more than tenfold since 2015.
World Bank report highlights benefits of accelerated decarbonization for Poland
By Globe Banner | Nov 6, 2024
Accelerated decarbonization efforts in Poland could drive economic growth, enhance competitiveness, and mitigate air pollution impacts, according to the World Bank Group's newly released Poland Country Climate and Development Report (CCDR).
World Bank appoints Dennis McLaughlin as chief risk officer
By Globe Banner | Nov 6, 2024
The World Bank Group has announced the appointment of Dennis McLaughlin as its new Chief Risk Officer and Vice President.
IMF reaches agreement with Barbados on economic recovery program
By Globe Banner | Nov 6, 2024
An International Monetary Fund (IMF) team, led by Michael Perks, concluded a visit to Barbados on November 6, following discussions with the Barbadian government.