News from October 2024
Ripple Labs challenges SEC’s ruling on XRP sales classification
By R. B. Pepalis | Oct 31, 2024
On October 25, Ripple Labs filed a Civil Appeal Pre-Argument Statement, also known as Form C, in the U.S. Court of Appeals for the Second Circuit to challenge a recent ruling by the U.S. Securities and Exchange Commission (SEC) that classified Ripple’s institutional XRP sales as securities transactions.
Democratic Party for the People proposes crypto tax reduction policy ahead of Japanese elections
By Globe Banner | Oct 31, 2024
Yuichiro Tamaki, the leader of Japan’s Democratic Party for the People (DPP), announced a cryptocurrency tax plan aimed at reducing the tax on crypto gains to 20%.
WTO discusses strategies to tackle global plastic pollution through trade
By Globe Banner | Oct 31, 2024
The recent meeting on plastics pollution has focused on three main issues critical to addressing the challenges of plastic waste while ensuring trade remains part of the solution.
Pandemic Fund secures $2.8 billion for pandemic preparedness
By Globe Banner | Oct 31, 2024
The Pandemic Fund has announced a significant mobilization of resources, securing US$2.8 billion in new international financing over the past three months to enhance pandemic prevention, preparedness, and response capabilities in low- and...
KfW IPEX-Bank leads financing for major US offshore wind farm project
By Globe Banner | Oct 31, 2024
KfW IPEX-Bank is playing a significant role in the financing of the Coastal Virginia Offshore Wind Farm project in the United States.
Katherine Easmunt appointed as Chief Ethics Counsel by NCUA Board
By Globe Banner | Oct 31, 2024
The National Credit Union Administration (NCUA) Board has appointed Katherine Easmunt as the agency's Chief Ethics Counsel, effective November 3.
World Bank launches $593M program supporting Ukrainian SMEs amid ongoing conflict
By Globe Banner | Oct 31, 2024
The World Bank has announced a new initiative to bolster Ukraine's private sector.
WTO DG urges continued focus on integrating least developed countries into global trade
By Globe Banner | Oct 31, 2024
DG Okonjo-Iweala has urged members of the World Trade Organization (WTO) to continue advancing work in trade and development, particularly in integrating Least Developed Countries (LDCs) into global trade.
NCUA issues prohibition notices against four former credit union employees
By Globe Banner | Oct 31, 2024
The National Credit Union Administration (NCUA) has issued three consent orders and one prohibition notice in October 2024.
Education Finance Watch reports stagnant global spending per child despite overall increase
By Globe Banner | Oct 31, 2024
The latest Education Finance Watch (EFW) 2024 report, a collaborative effort by the World Bank and UNESCO, highlights a decade-long increase in global education spending.
IMF approves extended credit facility for Sierra Leone amid ongoing economic challenges
By Globe Banner | Oct 31, 2024
The International Monetary Fund (IMF) Executive Board has concluded the 2024 Article IV consultation with Sierra Leone and approved a new 38-month arrangement under the Extended Credit Facility (ECF).
World Bank: Migration policies crucial for Europe's economic growth amid aging populations
By Globe Banner | Oct 31, 2024
A recent report by the World Bank emphasizes the growing importance of migration in fostering economic growth, enhancing competitiveness, and addressing inequalities in Europe and Central Asia.
World Bank warns of worsening economic crisis in Yemen amid ongoing conflict
By Globe Banner | Oct 31, 2024
Yemen's economy is facing severe challenges as the ongoing conflict, political division, and rising regional tensions worsen the humanitarian and economic crisis.
Societe Generale announces leadership changes with focus on retail banking
By Globe Banner | Oct 31, 2024
Societe Generale has announced significant changes in its management structure.
World Bank approves €635.5M package to boost Benin’s growth
By Globe Banner | Oct 31, 2024
The World Bank has approved a €635.5 million financing package through the International Development Association (IDA) to support Benin's efforts in strengthening private sector-led growth, boosting domestic revenue collection, and enhancing...
Group reports EUR 1.4 billion net income for Q3 amid strategic plan execution
By Globe Banner | Oct 31, 2024
Revenues for the third quarter of 2024 reached EUR 6.8 billion, marking a 10.5% increase compared to the same period in 2023.
World Bank releases report on managing successful migration in Europe and Central Asia
By Globe Banner | Oct 31, 2024
The World Bank has released a report titled "The Journey Ahead: Supporting Successful Migration in Europe and Central Asia," which delves into migration trends within the region and their implications for policymaking.
Morgan Stanley supports merger between ATSG and Evolve IP
By Globe Banner | Oct 31, 2024
Investment funds managed by Morgan Stanley Private Equity Secondaries, in collaboration with RunTide Capital, have completed an equity financing to finalize the merger of ATSG and Evolve IP.
German SME business sentiment sees slight dip amid mixed sector performance
By Globe Banner | Oct 31, 2024
Business sentiment among small and medium-sized enterprises (SMEs) in Germany experienced a slight decline in October, according to the latest KfW-ifo SME Barometer.
ING reports strong financial results for third quarter of 2024
By Globe Banner | Oct 31, 2024
ING has reported a net result of €1,880 million for the third quarter of 2024.