News from September 2024
Binance announces speaker lineup for Blockchain Dubai 2024
By Globe Banner | Sep 18, 2024
Binance announced the initial speaker lineup for Binance Blockchain Dubai 2024, featuring prominent figures from Circle, Nansen, Dubai Future Foundation, and Wamda Capital. Additional speakers are expected to be revealed soon.
Masimo Corporation faces pivotal moment for shareholders this week
By Globe Banner | Sep 17, 2024
Masimo Corporation, a global leader in non-invasive medical monitoring technology, faces a significant decision on Sep. 19 that could reshape its future. The upcoming annual shareholder meeting on Thursday will address whether to retain long-serving CEO Joe Kiani or bring in Quentin Koffey, a representative of hedge fund Politan Capital Management.
Social accountability initiatives transform lives: A case study from Cambodia
By Globe Banner | Sep 17, 2024
Channa Pak’s journey from waste picker in an urban slum in Phnom Penh to becoming one of 3,523 Community Accountability Facilitators in Cambodia exemplifies the transformative power of social accountability initiatives. The Social Accountability Forum held in Phnom Penh on March 29, 2024, brought together government ministries, civil society organizations, development partners, the media, and youth groups to highlight the impact of citizen engagement on public service delivery.
World Bank supports Rwandan initiative on skill development
By Globe Banner | Sep 17, 2024
Investing in skills development across key sectors of the economy is crucial to accelerating the growth of Rwanda’s private sector and achieving the country’s economic targets, as outlined in Vision 2050.
Rwanda's economy grows by nearly ten percent amid global slowdown
By Globe Banner | Sep 17, 2024
Rwanda's Economy Registers Strong Growth in Early 2024 Despite Persistent Challenges
World Bank outlines strategies for Maldivian climate resilience in new report
By Globe Banner | Sep 17, 2024
The Maldives, with an economy heavily reliant on tourism and fisheries, faces significant threats from climate change. These two sectors account for nearly half of the nation's GDP and employment. The impacts of climate change on coral reefs and fisheries are already evident and are projected to worsen by mid-century under both high and moderate emission scenarios. This environmental degradation poses severe risks to the Maldives' economy and ecosystems.
Dominica leverages natural resources for climate resilience and economic growth
By Globe Banner | Sep 17, 2024
Dominica is not a typical Caribbean island. While it lacks white sand beaches, its beauty is evident through its lush forests, geothermal springs, rivers, and waterfalls. Dominica's forests cover more than 60 percent of the island's landmass and are home to diverse species such as the Jaco parrot and the Manicou possum.
Fintopio CEO on imprisoned Binance employee: 'What is happening to Tigran is unconscionable'
By Globe Banner | Sep 17, 2024
Fintopio CEO Steve Milton described the Nigerian government's treatment of Binance's Tigran Gambaryan as "unconscionable" given his dedication to law enforcement and his lack of decision-making authority within the company. Milton shared his statement in a September 2 post on X.
UAE donates USD 1 million to WTO Fish Fund
By Globe Banner | Sep 17, 2024
The United Arab Emirates has donated USD 1 million to the World Trade Organization (WTO) Fish Fund, marking a significant contribution towards global sustainable fishing practices. WTO Director-General Ngozi Okonjo-Iweala acknowledged the donation, stating, "The generous contribution from the United Arab Emirates to the WTO Fish Fund is an important step towards supporting sustainable fishing practices globally. It will help fellow WTO members meet their obligations under the landmark Agreement on Fisheries Subsidies and manage their fisheries sustainably. I am grateful for...
Solomon Islands study identifies key areas for economic growth
By Globe Banner | Sep 17, 2024
The Solomon Islands Country Economic Memorandum Sources of Growth Study emphasizes opportunities to boost growth in the country through digitalization, improved transport connectivity, and better urban planning. It also outlines steps to stimulate private-sector investment in tourism, agriculture, and fisheries.
Western Cape report suggests strategies for improving education sector
By Globe Banner | Sep 17, 2024
The Western Cape Education Sector Analysis, jointly prepared by the World Bank and South Africa’s Western Cape Education Department (WCED), offers key insights and recommendations for improving the quality of learning in the province’s schools while addressing the growing demand for access due to rising enrolments. The Western Cape is a coastal province at the southernmost tip of South Africa, home to a culturally diverse population spread across agricultural and fishing towns, various townships, and the city of Cape Town.
World Bank launches innovative project supporting Uzbekistan's green transition
By Globe Banner | Sep 17, 2024
Across the globe, countries are looking to cut their greenhouse gas (GHG) emissions to meet the national determined contributions (NDCs) they have committed to as part of the Paris Agreement to combat climate change.
Climate change threatens key Maldivian industries per World Bank report
By Globe Banner | Sep 17, 2024
MALE’, September 17, 2024 – The Maldives’ economy, heavily reliant on tourism and fisheries, is facing severe risks due to climate change, according to a new World Bank Group report released today.
NCUA reports decline in assets but rise in loans for Q2 2024
By Globe Banner | Sep 16, 2024
Total assets, shares and deposits, and membership at federally insured credit unions declined at the median over the year ending in the second quarter of 2024, while loans outstanding increased, according to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration (NCUA).
Binance gives Vietnam users impacted by Typhoon Yagi $50 worth of BNB
By Globe Banner | Sep 16, 2024
Binance Charity announced it will airdrop up to $1 million in Binance Coin (BNB) to registered Binance users identified as living in areas in Northern Vietnam that were devasaid by Typhoon Yagi.
Rep. Hill: 'The Nigerian government must understand that the continued wrongful detention of Tigran is putting our relationship in jeopardy'
By Globe Banner | Sep 16, 2024
Arkansas State Rep. French Hill has called for stronger U.S. action in securing the release of Tigran Gambaryan, a former IRS crypto investigator detained in Nigeria for six months. Hill warned that Nigeria’s wrongful detention of Gambaryan is jeopardizing U.S.-Nigeria relations and urged President Biden to engage directly to resolve the situation.
Binance Labs invests in OpenEden
By Globe Banner | Sep 16, 2024
Binance Labs, the venture capital and incubation arm of Binance, has invested in OpenEden, a platform focused on the tokenization of real-world assets (RWA).
Executive Director of Vapor Technology Association: The ‘Center for Tobacco Products created a flawed and broken PMTA process'
By Globe Banner | Sep 15, 2024
Tony Abboud, executive director of the Vapor Technology Association, expressed strong disagreement with the FDA’s Center for Tobacco Products' rulings against e-cigarettes in favor of traditional tobacco products. Abboud made this statement publicly on September 10.
Financial Conduct Authority: Valuations must be ‘robust and reliable’ for investor trust
By Globe Banner | Sep 14, 2024
The Financial Conduct Authority (FCA), who conducted a review of private market valuations in 2024, said valuations have to be “robust and reliable in all market conditions” in order to maintain the trust of investors.
Deloitte announces AI’s impact on private equity valuations
By Globe Banner | Sep 13, 2024
Deloitte announced that AI is expected to significantly enhance the portfolio valuation process. This technology is anticipated to increase the frequency and efficiency of portfolio valuations.