News from 2024
Rio Tinto CEO speaks out on plane crash that killed 6
By Globe Banner | Jan 24, 2024
A tragic plane crash in Canada's Northwest Territories took the lives of six individuals earlier this week. Mining corporation Rio Tinto confirmed that four of the deceased were employees en route to a company diamond mine when the disaster occurred.
BusinessEurope Expresses Concerns Over European Works Council Directive Revision
By Globe Banner | Jan 24, 2024
BusinessEurope has expressed serious concerns about the proposed revision of the European Works Council Directive published by the European Commission. In a statement, BusinessEurope Director General Markus J. Beyrer highlighted several key issues with the proposed changes.Beyrer stated, "The Commission’s proposal to include agreements made before 1996 or between 2009-2011 in the Directive will damage many well-functioning European Works Councils. The renewal procedures in these agreements, allowing for mutually beneficial adaptations, should be respected."He also...
BusinessEurope Director Welcomes EU Economic Security Proposals for Clarity and Debate
By Globe Banner | Jan 24, 2024
BusinessEurope Director, Markus J. Beyrer, has welcomed the European Commission's proposals on economic security, stating that "Today’s EU economic security package brings much-needed clarity to the Commission Strategy announced in June 2023." Beyrer emphasized the importance of a more European approach on export controls and inbound Foreign Direct Investment (FDI) screening, highlighting the significance of coordinated implementation to mitigate security-related risks and safeguard the single market.Beyrer also expressed approval for the gradual approach to outbound...
Nordic economies face challenges amid global monetary policy shifts
By Globe Banner | Jan 24, 2024
The global economy continues to show promising prospects despite the challenges posed by significant monetary policy tightening, according to Helge Pedersen, Nordea Group Chief Economist.
Coinbase partners with Yellow Card to expand stablecoin access in Africa
By Globe Banner | Jan 23, 2024
Cryptocurrency exchange Coinbase has announced a partnership with Yellow Card, a prominent African stablecoin exchange, to broaden access to USD Coin (USDC).
Nordea to announce financial results for Q4 and full year 2023
By Globe Banner | Jan 22, 2024
Nordea will release its fourth-quarter and full-year results for 2023 on February 5.
U.S. delegation visits Ecuador to discuss security cooperation
By Globe Banner | Jan 21, 2024
Special Presidential Advisor for the Americas, Christopher Dodd, will lead a U.S. delegation to Ecuador from January 22 to 25.
Boeing appoints independent investigator for quality review
By Globe Banner | Jan 19, 2024
Boeing, grappling with a series of issues with its airplanes, has appointed a special advisor to oversee an assessment of the company’s quality management system for commercial airplanes. The chosen individual is retired Navy veteran Admiral Kirkland H. Donald, who will be advising Boeing President and CEO Dave Calhoun.
World Trade Organization members endorse Timor-Leste's WTO accession package
By Globe Banner | Jan 18, 2024
The World Trade Organization (WTO) is set to approve the accession package for Timor-Leste’s membership, marking a significant step for one of the WTO's least developed countries. A formal decision on this matter is anticipated in the coming month.
U.S.-Thai relations celebrated with art exhibition at BACC
By Globe Banner | Jan 18, 2024
The U.S. Embassy in Bangkok marked the 190th anniversary of diplomatic relations between the United States and Thailand with the opening of the “Weaving Our Stories” exhibition at the Bangkok Art and Culture Centre (BACC).
Binance, Gulf Innova launch Thai crypto exchange
By Globe Banner | Jan 18, 2024
Binance, the world's leading cryptocurrency exchange, has announced the commencement of its full operations in Thailand. This move is made in collaboration with Gulf Innova Co. Ltd., a subsidiary of Gulf Energy Development. The joint venture will function under the name Binance TH by Gulf Binance or simply Binance TH.
IMF approves US$100 million and concludes 2023 consultation with The Gambia
By Globe Banner | Jan 17, 2024
The International Monetary Fund (IMF) has revealed that its executive board has approved a 36-month arrangement under the Extended Credit Facility (ECF), totalling SDR 74.64 million (approximately US$100 million). Concurrently, the board concluded the 2023 Article IV consultation with The Gambia.
Israel Ministry of Health approves Aleph Foods’ cultivated beef steaks
By Globe Banner | Jan 17, 2024
Aleph Foods, a pioneering firm in the cultivated meat industry, has received approval from the Ministry of Health (MOH) as indicated by the 'No Questions' letter issued this week. This marks the first instance of non-chicken cultivated meat being approved and also signifies the first such approval in the Middle East.
OPINION: Union’s history reveals a pattern of self-dealing practices
By Globe Banner | Jan 17, 2024
Unite Here Local 11, a part of the larger Unite Here union, has come under scrutiny for its alleged history of self-dealing actions that seem to prioritize its political agenda over the well-being of its members. Analysis conducted by Globe Banner identified several incidents and practices that have raised concerns about the union's commitment to fair negotiations, worker representation, and responsible financial management. As a result of these actions, workers represented by Unite Here filed a decertification position with the National Labor Relations Board in August, asking for Unite Here to be removed as the official worker representative.
Columbia Pacific Business Finance announces $21 million secured term loan for purchase of Nevada HVAC firm Sunrise
By Globe Banner | Jan 16, 2024
Columbia Pacific Business Finance (CPBF) has extended a million-dollar loan to independent sponsor Ballard & Brown. This financial assistance was instrumental in the acquisition of Sunrise Mechanical and Sunrise Service, a prominent heating, ventilation, and air conditioning (HVAC) company based in Henderson, Nevada. CPBF is recognized as a direct lender to privately-held and sponsor-backed companies, such as Ballard & Brown.
Ryan M. Gwillim named to Manitowoc Board of Directors
By Globe Banner | Jan 16, 2024
The lifting solutions company, Manitowoc, has announced the appointment of a new director and an expansion of its board of directors from nine to ten members. The election of Ryan Gwillim to the board will take effect immediately.
Sierra Space lands contract from Space Development Agency for missile warning and tracking satellites
By Globe Banner | Jan 16, 2024
The company, Sierra Space, has secured a contract to construct 18 satellites intended for missile warning and tracking. Under the agreement, Sierra Space will design, produce, and deliver 16 missile warning and tracking satellites along with two additional satellites specifically built for missile defense and fire control.
Bank of N.T. Butterfield & Son Limited announces appointments to senior management positions
By Globe Banner | Jan 16, 2024
Three individuals have been appointed to new positions at Butterfield. Michael Neff has been named Group Chief Operating Officer, Kevin Dallas will assume the role of Group Chief Experience Officer, and Jody Feldman has been promoted to Managing Director of Bermuda.
Dampier Salt agrees to sell Lake MacLeod salt and gypsum operation
By Globe Banner | Jan 16, 2024
The salt and gypsum operation in Carnarvon, Western Australia is set to be sold to Leichhardt Industrials Group. The transaction is anticipated to be finalized before the year's end.
US congratulates Dr. Lai Ching-te on Taiwan's presidential election win
By Globe Banner | Jan 16, 2024
The United States has extended its congratulations to Dr. Lai Ching-te following his victory in Taiwan's presidential election.