News from November 2024
New guidelines launched for open finance aiming at broader inclusion
By Globe Banner | Nov 20, 2024
A coalition of international organizations has introduced new guidelines for public authorities to leverage open finance in enhancing digital financial services and innovation.
BusinessEurope outlines strategic approach to future EU-China relations
By Globe Banner | Nov 20, 2024
BusinessEurope has released a new paper detailing its priorities for EU-China relations in the upcoming EU cycle.
IMF forum explores measuring AI's impact on global economy
By Globe Banner | Nov 20, 2024
The 12th IMF Statistical Forum commenced with discussions on the economic implications of artificial intelligence (AI).
WTO releases reports for Paraguay's trade policy review
By Globe Banner | Nov 20, 2024
The World Trade Organization (WTO) has released documents related to the Trade Policy Review of Paraguay.
European business groups urge consistent application of SME Test by EU Commission
By Globe Banner | Nov 19, 2024
New analysis from BusinessEurope, Eurochambres, and SMEunited indicates that the European Commission's application of the 'SME Test' methodology is still inconsistent across its services.
World Bank approves $1 billion support for Argentina's transport and energy sectors
By Globe Banner | Nov 19, 2024
The World Bank Board of Directors has approved two new projects for Argentina, aimed at enhancing public transport accessibility and improving the electricity subsidy system for residential users.
World Bank supports East Asia-Pacific development through extensive funding
By Globe Banner | Nov 19, 2024
The World Bank's International Development Association (IDA) has played a significant role in supporting low-income countries in the East Asia and Pacific (EAP) region for over sixty years.
Morgan Stanley Capital Partners acquires Vermont-based supplement provider FoodScience
By Globe Banner | Nov 19, 2024
Investment funds managed by Morgan Stanley Capital Partners (MSCP), a private equity team at Morgan Stanley Investment Management, have acquired FoodScience.
IMF reports strong rebound but highlights challenges for Bahamian economy
By Globe Banner | Nov 19, 2024
The International Monetary Fund (IMF) has released a concluding statement following its 2024 Article IV mission to The Bahamas.
Prudential launches global AI Lab in Singapore for enhanced tech integration
By Globe Banner | Nov 19, 2024
Prudential plc has inaugurated its global AI Lab in Singapore, aiming to enhance the integration of artificial intelligence, generative AI, and machine learning throughout the organization.
G20 endorses roadmap for multilateral development bank reforms
By Globe Banner | Nov 19, 2024
The leaders of ten multilateral development banks (MDBs) have expressed their approval for the G20 Roadmap aimed at reforming these institutions to enhance their effectiveness.
World Bank promotes locally led climate action for community resilience
By Globe Banner | Nov 19, 2024
The World Bank is actively promoting locally led climate action to enhance community resilience and equitable climate transitions.
World Bank outlines progress in climate finance commitments
By Globe Banner | Nov 19, 2024
The World Bank has issued a statement regarding its climate finance accounting, highlighting its role as the largest provider of climate finance to developing countries.
Fisheries subsidy talks seek consensus before year-end deadline
By Globe Banner | Nov 19, 2024
The chair of the fisheries subsidies negotiations has been actively engaging with members to discuss the progress and future steps for reaching a consensus on the "second wave" agreement.
Blackstone acquires majority stake in Jersey Mike's Subs
By Globe Banner | Nov 19, 2024
Jersey Mike's Subs has announced a partnership with Blackstone, in which private equity funds managed by Blackstone will acquire a majority ownership stake in the sandwich chain.
Consumer confidence rises slightly amid stable inflation expectations
By Globe Banner | Nov 19, 2024
Consumer confidence has shown a slight increase, rising by 0.1 points to reach 86.8 points last week.
ING reports progress on €2 billion share buyback initiative
By Globe Banner | Nov 19, 2024
ING has provided an update on its €2.0 billion share buyback programme, initially announced on October 31, 2024.
UOB partners with Shanghai Gold Exchange to boost ASEAN-China market ties
By Globe Banner | Nov 19, 2024
UOB has signed a Memorandum of Understanding (MOU) with the Shanghai Gold Exchange (SGE) in Shanghai.
IMF reaches agreement on sixth review of Ukraine's extended fund facility
By Globe Banner | Nov 19, 2024
An International Monetary Fund (IMF) team, led by Gavin Gray, engaged in discussions with Ukrainian authorities in Kyiv from November 11 to 18, 2024.
Siemens partners with UAE for energy savings in government buildings
By Globe Banner | Nov 19, 2024
Siemens is set to implement energy-saving technology across 60 government buildings in the United Arab Emirates, aiming for a 27% reduction in baseline energy and water consumption annually.