News from 2024
Potential impact of Trump presidency on Norwegian krone examined
By Globe Banner | Nov 1, 2024
The value of the Norwegian krone (NOK) could face challenges if Donald Trump secures the presidency, according to a recent analysis.
Salvador Social Project improves access to services for vulnerable populations
By Globe Banner | Nov 1, 2024
In Salvador, Brazil, the city's vulnerable and impoverished populations are a visible presence across various neighborhoods and tourist attractions.
IMF concludes Article IV consultation with Mexico amid economic slowdown
By Globe Banner | Nov 1, 2024
On October 30, the Executive Board of the International Monetary Fund (IMF) completed its Article IV consultation and mid-term review under the Flexible Credit Line (FCL) Arrangement with Mexico.
UOB FinLab supports ASEAN GreenTech initiatives with $100K funding
By Globe Banner | Nov 1, 2024
UOB FinLab, the innovation accelerator of United Overseas Bank (UOB), has announced a financial commitment of over $100,000 to support 15 Green Technology (GreenTech) firms.
Fubon showcases innovative FinTech solutions at Taipei 2024 event
By Globe Banner | Nov 1, 2024
Fubon Financial Holdings and its subsidiaries participated in the "FinTech Taipei 2024" event, focusing on their "Run For Green" ESG initiative.
European Council President calls for trust in multilateral cooperation
By Globe Banner | Nov 1, 2024
European Council President Charles Michel addressed a gathering of WTO ambassadors, Swiss authorities, and representatives from various sectors, highlighting the critical need for cooperation in a world facing numerous challenges.
Non-profits now eligible for ERP start-up loan in Germany
By Globe Banner | Nov 1, 2024
The ERP Start-up Loan – StartGeld program is expanding its reach to include non-profit enterprises starting November 1.
Ripple Labs challenges SEC’s ruling on XRP sales classification
By R. B. Pepalis | Oct 31, 2024
On October 25, Ripple Labs filed a Civil Appeal Pre-Argument Statement, also known as Form C, in the U.S. Court of Appeals for the Second Circuit to challenge a recent ruling by the U.S. Securities and Exchange Commission (SEC) that classified Ripple’s institutional XRP sales as securities transactions.
Democratic Party for the People proposes crypto tax reduction policy ahead of Japanese elections
By Globe Banner | Oct 31, 2024
Yuichiro Tamaki, the leader of Japan’s Democratic Party for the People (DPP), announced a cryptocurrency tax plan aimed at reducing the tax on crypto gains to 20%.
WTO discusses strategies to tackle global plastic pollution through trade
By Globe Banner | Oct 31, 2024
The recent meeting on plastics pollution has focused on three main issues critical to addressing the challenges of plastic waste while ensuring trade remains part of the solution.
Pandemic Fund secures $2.8 billion for pandemic preparedness
By Globe Banner | Oct 31, 2024
The Pandemic Fund has announced a significant mobilization of resources, securing US$2.8 billion in new international financing over the past three months to enhance pandemic prevention, preparedness, and response capabilities in low- and...
KfW IPEX-Bank leads financing for major US offshore wind farm project
By Globe Banner | Oct 31, 2024
KfW IPEX-Bank is playing a significant role in the financing of the Coastal Virginia Offshore Wind Farm project in the United States.
Katherine Easmunt appointed as Chief Ethics Counsel by NCUA Board
By Globe Banner | Oct 31, 2024
The National Credit Union Administration (NCUA) Board has appointed Katherine Easmunt as the agency's Chief Ethics Counsel, effective November 3.
World Bank launches $593M program supporting Ukrainian SMEs amid ongoing conflict
By Globe Banner | Oct 31, 2024
The World Bank has announced a new initiative to bolster Ukraine's private sector.
WTO DG urges continued focus on integrating least developed countries into global trade
By Globe Banner | Oct 31, 2024
DG Okonjo-Iweala has urged members of the World Trade Organization (WTO) to continue advancing work in trade and development, particularly in integrating Least Developed Countries (LDCs) into global trade.
NCUA issues prohibition notices against four former credit union employees
By Globe Banner | Oct 31, 2024
The National Credit Union Administration (NCUA) has issued three consent orders and one prohibition notice in October 2024.
Education Finance Watch reports stagnant global spending per child despite overall increase
By Globe Banner | Oct 31, 2024
The latest Education Finance Watch (EFW) 2024 report, a collaborative effort by the World Bank and UNESCO, highlights a decade-long increase in global education spending.
IMF approves extended credit facility for Sierra Leone amid ongoing economic challenges
By Globe Banner | Oct 31, 2024
The International Monetary Fund (IMF) Executive Board has concluded the 2024 Article IV consultation with Sierra Leone and approved a new 38-month arrangement under the Extended Credit Facility (ECF).
United States-Egypt council discusses expanding trade ties
By Globe Banner | Oct 31, 2024
The United States-Egypt Trade and Investment Council convened in Washington, D.C. on October 29-30 to discuss ways to enhance bilateral trade and investment.
World Bank: Migration policies crucial for Europe's economic growth amid aging populations
By Globe Banner | Oct 31, 2024
A recent report by the World Bank emphasizes the growing importance of migration in fostering economic growth, enhancing competitiveness, and addressing inequalities in Europe and Central Asia.