News from 2024
Somali women's business growth supported by access to finance
By Globe Banner | Dec 11, 2024
Rima Abdukadir Ahmed, an entrepreneur from Mogadishu, has been able to expand her sesame oil business thanks to a loan from Premier Bank.
Rising chronic disease rates concern young Canadians
By Globe Banner | Dec 11, 2024
Chronic diseases are increasingly affecting young Canadians, according to a recent report from Sun Life.
Fish Fund Steering Committee finalizes budget awaiting fisheries subsidies agreement activation
By Globe Banner | Dec 11, 2024
The Fish Fund Steering Committee has endorsed the 2025 budget and workplan, preparing for calls for proposals contingent on the Agreement on Fisheries Subsidies entering into force.
FSB releases peer review on France's crypto-asset regulation progress
By Globe Banner | Dec 11, 2024
The Financial Stability Board (FSB) has released a peer review highlighting France's advancements in the regulation and supervision of crypto-asset markets.
ECB keeps ING Group's capital requirements unchanged for 2025
By Globe Banner | Dec 11, 2024
ING Group has announced the completion of the 2024 Supervisory Review and Evaluation Process (SREP) conducted by the European Central Bank (ECB).
World Bank launches immersion program for young economists in Pakistan
By Globe Banner | Dec 11, 2024
The World Bank Office in Pakistan has announced a new opportunity for young economists through an online contest.
IMF completes reviews with Côte d’Ivoire; disburses $808M
By Globe Banner | Dec 11, 2024
The International Monetary Fund (IMF) Executive Board has completed the third reviews of Côte d'Ivoire's Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements, as well as the second review of the Resilience and...
World Bank approves $240M for Karachi's second phase WASH improvement project
By Globe Banner | Dec 11, 2024
The World Bank has approved $240 million in financing for the Second Karachi Water and Sewerage Services Improvement Project (KWSSIP-2).
WTO reviews customs notification progress; celebrates Customs Valuation Agreement's upcoming anniversary
By Globe Banner | Dec 11, 2024
The Chair of the Customs Valuation Agreement Committee has provided an update on the current notification status regarding customs valuation legislation.
ANZ highlights Christmas as key period for Australian food industry
By Globe Banner | Dec 11, 2024
Christmas season sales constitute a significant portion of the annual revenue for food and beverage businesses, with many Australian retailers beginning their preparations as early as July.
Soul Community Federal Credit Union receives charter to serve Austell's low-income residents
By Globe Banner | Dec 11, 2024
The National Credit Union Administration (NCUA) has issued a federal charter and National Credit Union Share Insurance Fund coverage to Soul Community Federal Credit Union, located in Austell, Georgia.
Patton on ethical AI: 'The future of AI lies in its ability to solve real-world problems'
By J. D. Suayan | Dec 10, 2024
Damien Patton, founder of the artificial intelligence (AI) company Banjo, is calling for greater transparency and accountability in the development of AI, warning that its future success depends on responsible innovation.
Report reveals growth potential for investors in women's professional sports
By Globe Banner | Dec 10, 2024
The global sports ecosystem is experiencing a transformation, with women's sports poised for substantial growth.
RBC Wealth Management offers insights into global economic trends for 2025
By Globe Banner | Dec 10, 2024
The past two years have been marked by significant valuation multiple expansion in the equity markets, overshadowing actual earnings growth.
Carla Novak promoted at RBC Wealth Management leading Pacific Northwest
By Globe Banner | Dec 10, 2024
RBC Wealth Management has announced the promotion of Carla Novak to lead its Pacific Northwest complex.
FSB proposes policies to strengthen non-bank readiness for margin calls
By Globe Banner | Dec 10, 2024
The Financial Stability Board (FSB) has issued a set of policy recommendations aimed at improving the liquidity preparedness of non-bank market participants.
DEG invests $20M in Mexican sustainable housing through Vinte's SDG bond
By Globe Banner | Dec 10, 2024
DEG has strengthened its partnership with Vinte Viviendas Integrales, S.A.B. de C.V. (Vinte) by investing in sustainable housing projects in Mexico.
Morgan Stanley Capital Partners acquires Prescott's from Atlantic Street Capital
By Globe Banner | Dec 10, 2024
Investment funds managed by Morgan Stanley Capital Partners (MSCP) have reached an agreement to acquire Prescott’s, a provider of specialty outsourced clinical engineering services in the healthcare sector.
Kenya's GDP growth forecast slows; reforms needed for sustainable progress
By Globe Banner | Dec 10, 2024
Kenya's economic growth is expected to slow down in 2024, with GDP projected to grow at 4.7%, a decrease from 5.6% in 2023, according to the latest Kenya Economic Update released today.
World Bank reports deepening economic crisis in Lebanon amid ongoing conflict
By Globe Banner | Dec 10, 2024
Lebanon's economy has faced a significant setback, with real GDP growth declining by an estimated 6.6% in 2024 due to ongoing conflict.