News from October 2024
U.S. Treasury Secretary Yellen: 'We’re now doing everything we can to lower costs for American families'
By Globe Banner | Oct 29, 2024
In a speech at the Council on Foreign Relations, U.S. Treasury Secretary Janet L. Yellen discussed the Biden-Harris Administration’s international economic policy, particularly its alignment with domestic economic objectives.
US contributes $180K for global food safety through SPS standards
By Globe Banner | Oct 28, 2024
The United States has contributed USD 180,000 to support food, animal, and plant health standards in developing countries.
U.S., Turkmenistan host first creative technology festival
By Globe Banner | Oct 28, 2024
The U.S. Embassy and Dashoguz American Corner, in collaboration with the Dashoguz Regional Library, hosted the inaugural Creative Technology Festival on October 23.
Morgan Stanley honored with two industry awards from MMI/Barron's
By Globe Banner | Oct 28, 2024
Morgan Stanley has been recognized with two prestigious awards from the Money Management Institute (MMI) and Barron’s. The firm received the Wealth Manager Platform of The Year Award for its Morgan Stanley Wealth Management (MSWM) Select UMA...
COP29 focuses on finance as key issues take center stage
By Globe Banner | Oct 28, 2024
The upcoming UN Climate Change Conference, COP29, is scheduled to occur in Baku, Azerbaijan, from November 11-22.
World Bank grants $21 million for Samoan finance sector development
By Globe Banner | Oct 28, 2024
The World Bank has approved a $21 million grant to support the Samoa Finance Sector Resilience and Development Project.
KfW IPEX-Bank finances major Turkish wind farm project
By Globe Banner | Oct 28, 2024
KfW IPEX-Bank is playing a key role in the development of the "Enerjisa YEKA-2" onshore wind farm project in Türkiye.
IMF announces upcoming staff visit to Romania for economic assessment
By Globe Banner | Oct 28, 2024
Today, the International Monetary Fund (IMF) announced that an IMF mission will be visiting Bucharest from November 5 to November 8, 2024.
WTO members discuss compliance with safeguard rules at latest committee meeting
By Globe Banner | Oct 28, 2024
Japan and Australia emphasized the importance of compliance with rules when implementing safeguard actions during a recent World Trade Organization (WTO) committee meeting.
Hexagon's R-evolution aims for sustainability through data-driven green-tech ventures
By Globe Banner | Oct 28, 2024
Erik Josefsson, CEO of R-evolution, a venture within Hexagon, discusses the company's efforts to accelerate the transition to a sustainable economy.
Okonjo-Iweala urges reform of global trade amid new challenges
By Globe Banner | Oct 26, 2024
Director-General Ngozi Okonjo-Iweala has called for a reimagining of the global trade system in response to growing challenges.
Sweden and Iceland invest in World Bank's hybrid capital
By Globe Banner | Oct 26, 2024
Sweden and Iceland have announced their commitments to invest in hybrid capital, a financial product that significantly enhances the World Bank's lending capacity.
Uzbekistan accelerates WTO accession efforts through significant economic reforms
By Globe Banner | Oct 26, 2024
Uzbekistan's efforts to join the World Trade Organization (WTO) were discussed at a high-level event in Washington D.C., with Deputy Director-General (DDG) Hill highlighting the country's progress.
Rogun hydropower plant project progresses towards regional energy security
By Globe Banner | Oct 26, 2024
Tajikistan is progressing with the Rogun Hydropower Plant Project, which aims to enhance energy security and promote renewable energy in Central Asia.
Uzbekistan advances toward WTO membership amid ongoing economic reforms
By Globe Banner | Oct 26, 2024
The 2024 Annual Meetings of the World Bank Group and the International Monetary Fund included a discussion on Uzbekistan's path to accession to the World Trade Organization (WTO).
Tokenization 'enables borderless accessibility' to physical assets, says BCG report
By A. D. Bamburg | Oct 25, 2024
A recent report on tokenization from the Boston Consulting Group (BCG) said the process "enables borderless accessibility" to physical assets for investors all over the globe.
Bitcoin sees potential mainstream adoption by 2025
By A. D. Bamburg | Oct 25, 2024
On October 4, industry experts released an analysis indicating that Bitcoin's adoption rate could surpass 8% by 2025. This suggests a shift toward mass adoption, similar to previous phases seen with historical technologies.
Yuanta Group wins 14 National Brand Yushan Awards across multiple categories
By Globe Banner | Oct 25, 2024
Yuanta Financial Holding Company (FHC) and its subsidiaries have received recognition at the 21st National Brand Yushan Awards, securing a total of fourteen awards.
Japan partners with World Bank in $1B portfolio guarantee deal
By Globe Banner | Oct 25, 2024
Japan has entered into a $1 billion portfolio guarantee agreement with the World Bank, aimed at enhancing financing for projects that tackle global challenges.
World Bank Conclave focuses on equipping youth with essential future job skills
By Globe Banner | Oct 25, 2024
In a rapidly evolving world influenced by digital technology, climate change, and fragility, the youth face new challenges and opportunities.