News from 2024
WTO-ITC women's initiative receives major funding boost from FIFA World Cup Legacy Fund
By Globe Banner | Nov 27, 2024
The Women Exporters in the Digital Economy (WEIDE) Fund, a joint initiative by the World Trade Organization (WTO) and the International Trade Centre (ITC), has received a significant boost from the FIFA World Cup Qatar 2022 Legacy Fund.
NCUA prohibits former Alhambra Credit Union employee from working in federally insured institutions
By Globe Banner | Nov 27, 2024
The National Credit Union Administration (NCUA) has issued a prohibition order against Daniel Garza, a former employee of Alhambra Credit Union in Phoenix, Arizona.
U.S economy grows at 2.8% pace; corporate profits decline
By Globe Banner | Nov 27, 2024
The U.S. Bureau of Economic Analysis has released the "second" estimate for the real gross domestic product (GDP) growth in the third quarter of 2024, indicating an annual increase of 2.8 percent.
BusinessEurope urges EU Commission to focus on economic revival
By Globe Banner | Nov 27, 2024
The European Parliament has confirmed the new European Commission College, led by President Ursula von der Leyen.
WTO releases documents on Brunei Darussalam's trade policy review
By Globe Banner | Nov 27, 2024
The World Trade Organization (WTO) has released several documents related to the trade policy review of Brunei Darussalam.
IMF reviews Samoa's economic progress amid global uncertainties
By Globe Banner | Nov 27, 2024
An International Monetary Fund (IMF) mission, led by Siddharth Kothari, recently concluded discussions with Samoan authorities and stakeholders in Apia.
World Bank’s IDA transforms lives through global development initiatives
By Globe Banner | Nov 27, 2024
In a remote area of Yemen, Hamama, a widow with no income, faced challenges due to the lack of electricity.
IMF announces staff-level agreement on Ethiopia's extended credit facility review
By Globe Banner | Nov 27, 2024
The International Monetary Fund (IMF) has announced a staff-level agreement with Ethiopian authorities on the second review of Ethiopia's economic program under the Extended Credit Facility (ECF).
Germany advances national hydrogen strategy with EUR 24 billion KfW loan
By Globe Banner | Nov 27, 2024
KfW is backing the development of a national hydrogen core network in Germany, acting on behalf of the German Federal Government.
U.S Bureau reports rise in personal income for October
By Globe Banner | Nov 27, 2024
Personal income in the United States rose by $147.4 billion, or 0.6 percent, in October, according to data released by the U.S. Bureau of Economic Analysis.
IMF completes Article IV consultation with Bahrain: economic growth continues amid challenges
By Globe Banner | Nov 27, 2024
The International Monetary Fund (IMF) Executive Board has completed its 2024 Article IV consultation with the Kingdom of Bahrain, noting economic growth amid challenging conditions.
Morocco advances towards renewable energy goal with new wind farm
By Globe Banner | Nov 27, 2024
Morocco is advancing its renewable energy goals with the commissioning of the Jbel Lahdid wind farm in Essaouira.
KfW enables digital submissions for heating system promotion grants
By Globe Banner | Nov 27, 2024
KfW has announced a new step in its plan to promote climate-friendly heating systems.
Yuanta FHC recognized among top groups for carbon competitiveness
By Globe Banner | Nov 27, 2024
Yuanta Financial Holding Company (FHC) has been recognized by Business Weekly's "Carbon Competitiveness 100" for its efforts in carbon reduction.
Standard Chartered considers selling African businesses to focus on wealth management
By Globe Banner | Nov 27, 2024
Standard Chartered PLC has announced its intention to explore the sale of certain businesses as part of a strategy to enhance investment in its wealth management sector.
Kenya promotes entrepreneurship among youth through innovative projects
By Globe Banner | Nov 26, 2024
Kenya is addressing the challenge of job quality and youth unemployment, despite a relatively low overall unemployment rate of 5.4% and youth unemployment at 8.4%.
IMF commends Sri Lanka's progress in economic reforms amid ongoing debt restructuring
By Globe Banner | Nov 26, 2024
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), addressed members of the financial community regarding Sri Lanka's economic reform efforts.
IMF concludes Article IV consultation with cautious optimism for Thai economy
By Globe Banner | Nov 26, 2024
An International Monetary Fund (IMF) staff team, led by Corinne Deléchat, has completed the 2024 Article IV Consultation with Thailand.
World Bank funds project for forest revitalization in Tripura and Nagaland
By Globe Banner | Nov 26, 2024
The World Bank's Board of Executive Directors has approved a project aimed at supporting over 700,000 individuals in Tripura and Nagaland, India.
IMF highlights structural reforms needed for Chile’s sustained economic growth
By Globe Banner | Nov 26, 2024
The International Monetary Fund (IMF) has concluded its 2024 Article IV mission to Chile, issuing a statement that outlines the country's current economic status and future prospects.