News from November 2024
Vanuatu faces economic challenges after airline bankruptcy
By Globe Banner | Nov 25, 2024
Vanuatu, a Pacific island nation situated between Australia and Fiji, is facing significant economic challenges following recent adverse events.
WTO addresses ongoing trade disputes involving Colombia, EU, Indonesia & USA
By Globe Banner | Nov 25, 2024
The World Trade Organization's Dispute Settlement Body (DSB) has been addressing several ongoing trade disputes, with recent developments in cases involving Colombia, the European Union, Indonesia, and the United States.
Binance marks one year of leadership under new CEO
By Globe Banner | Nov 24, 2024
Over the past year, Binance has established new standards for growth, responsibility, and innovation in the cryptocurrency industry.
Former CEO of crypto exchange ‘Mine Digital’ charged with $1.4 million in fraud
By Globe Banner | Nov 24, 2024
On October 21, 2024, the former CEO of Australian-based cryptocurrency exchange ACCE Australia Pty Ltd, trading as "Mine Digital," Grant Colthup, appeared before the Ipswich Magistrates Court on fraud charges following an investigation by the Australian Securities and Investments Commission (ASIC). The charges involve an alleged $1.4 million USD cryptocurrency transaction from July 2022.
Trump's policy initiatives analyzed for economic impact
By Globe Banner | Nov 23, 2024
The incoming Trump administration is exploring a variety of policy initiatives, prompting discussions on how to analyze these measures.
World Bank hosts youth art exhibition showcasing visions for Bangladesh
By Globe Banner | Nov 23, 2024
DHAKA, November 23, 2024 — The World Bank has launched an exhibition featuring wall art created by students and youths from across Bangladesh.
OPINION: Starbucks’ Legal Troubles Threaten Its Reset: Can New Leadership Clear the Path?
By J. D. Suayan | Nov 22, 2024
Starbucks, long synonymous with community connection and premium coffee, is facing mounting challenges that extend well beyond declining sales and customer dissatisfaction. Under the stewardship of new CEO Brian Niccol, the company has launched a “Back to Starbucks” initiative, aimed at reigniting its focus on handcrafted beverages and in-store experiences. But beneath this operational reboot lies a deeper issue that could derail any hope of a turnaround: unresolved legal disputes that threaten to sap resources and tarnish the brand’s reputation.
Families urged to discuss finances during holiday gatherings
By Globe Banner | Nov 22, 2024
The holiday season is often seen as a time for relaxation and family gatherings.
European regulator tightens oversight on crypto providers while traditional finance faces persistent money laundering issues
By Globe Banner | Nov 22, 2024
The European Banking Authority (EBA) released new guidelines on November 14 for Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure adherence to the European Union’s restrictive measures regimes. These guidelines are designed to enhance oversight in the crypto sector and mitigate financial crime risks.
UK poised to unveil crypto regulations amid pressure to retain industry
By Globe Banner | Nov 22, 2024
The UK government is set to launch long-anticipated cryptocurrency regulations aimed at enhancing the country’s appeal as a digital asset hub. Focused on stablecoins and staking, the new framework seeks to prevent startups from moving operations to the United States, where President Donald Trump’s pro-crypto stance has made the environment increasingly attractive.
Somalia faces revenue challenges as it rebuilds social contract
By Globe Banner | Nov 22, 2024
State-building and legitimacy in countries emerging from fragility are closely linked to the concept of a social contract.
Fubon Life and Fubon Insurance receive seven awards from Financial Supervisory Commission
By Globe Banner | Nov 22, 2024
The Financial Supervisory Commission recently recognized Fubon Life and Fubon Insurance for their contributions to inclusive finance, awarding them a total of seven honors.
WTO discusses simplifying rules of origin to boost exports from least developed countries
By Globe Banner | Nov 22, 2024
Members of the Committee on Rules of Origin (CRO) have engaged in discussions aimed at facilitating trade through simplified rules of origin for Least Developed Countries (LDCs).
WTO advances Bosnia's accession talks amid legislative developments
By Globe Banner | Nov 22, 2024
The World Trade Organization (WTO) delegation visited Sarajevo to advance the accession negotiations of Bosnia and Herzegovina.
AIA names Fisher Zhang regional chief executive
By Globe Banner | Nov 22, 2024
AIA Group Limited has announced the appointment of Fisher Zhang as Regional Chief Executive.
IMF reviews Nicaragua's economy: robust growth amid challenges
By Globe Banner | Nov 22, 2024
A recent International Monetary Fund (IMF) mission to Nicaragua concluded with a statement highlighting the country's economic performance and outlook.
IMF reaches staff-level agreement on third review of Sri Lanka's fund facility
By Globe Banner | Nov 22, 2024
An International Monetary Fund (IMF) team led by Peter Breuer, Senior Mission Chief for Sri Lanka, visited Colombo from November 17 to 23, 2024.
Societe Generale sets EUR 500 billion sustainable finance target for environmental transition
By Globe Banner | Nov 22, 2024
Societe Generale has announced its intention to accelerate its efforts in supporting the environmental transition, aligning with its ESG policy.
Sun Life partners with TWCC to expand job opportunities in Winnipeg
By Globe Banner | Nov 22, 2024
A partnership between Sun Life and Tribal Wi-Chi-Way-Win Capital Corporation (TWCC) is set to create over 175 jobs in Winnipeg.
China-funded internships support least developed countries at Geneva mission
By Globe Banner | Nov 22, 2024
Participants in a China-funded internship program recently visited the Chinese Mission in Geneva.