News from 2024
World Bank addresses global education finance challenges amid rising debts
By Globe Banner | Oct 31, 2024
Countries worldwide are facing a significant learning crisis, with millions of children lacking fundamental literacy and numeracy skills.
World Bank approves program supporting farmers in Kerala against climate change
By Globe Banner | Oct 31, 2024
The World Bank's Board of Executive Directors has approved a new initiative aimed at supporting farmers in Kerala, India, to adapt to climate change while promoting agri-entrepreneurs.
Cirkle CEO: 'Starbucks' sales decline is a clear example of what happens when brands lose genuine engagement with their customers'
By J. D. Suayan | Oct 31, 2024
Starbucks Corp. is facing significant challenges following a recent stock downgrade that has raised concerns about the company's ability to manage ongoing legal issues and operational difficulties. This downgrade coincides with recent leadership changes and increased scrutiny from activist investors, adding uncertainty to Starbucks' short-term outlook.
KfW IPEX-Bank backs Swissport’s electrification with EUR 170 million financing
By Globe Banner | Oct 30, 2024
KfW IPEX-Bank has joined a EUR 170 million financing initiative to support Swissport International AG in its efforts to enhance its ground support equipment.
WTO members discuss recent anti-dumping action notifications
By Globe Banner | Oct 30, 2024
The World Trade Organization (WTO) members convened to review recent notifications of anti-dumping actions, discussing legislative submissions from Brazil, Cabo Verde, Solomon Islands, and the United States.
Study links German development spending to increased exports and job creation
By Globe Banner | Oct 30, 2024
Spending on development cooperation has a positive impact on prosperity and employment in Germany, according to a recent study by the University of Göttingen for KfW.
US economy grows at slower pace with Q3 GDP up by 2.8
By Globe Banner | Oct 30, 2024
Real gross domestic product (GDP) in the United States grew at an annual rate of 2.8 percent during the third quarter of 2024, according to the "advance" estimate released by the U.S. Bureau of Economic Analysis.
Siemens tech transforms Kantonsspital Baden into advanced Swiss hospital
By Globe Banner | Oct 30, 2024
Kantonsspital Baden (KSB) is set to become one of Switzerland's most advanced hospitals through the integration of Siemens IoT technology.
Project aids Dominican farmers post-Hurricane Maria recovery efforts
By Globe Banner | Oct 30, 2024
In September 2017, Hurricane Maria devastated Dominica, causing extensive damage to homes and livelihoods.
Trade talks focus on climate measures ahead of Ministerial Conference
By Globe Banner | Oct 30, 2024
At the end of 2024, discussions on trade and environmental sustainability have been highlighted by members of the Trade and Environmental Sustainability Structured Discussions (TESSD).
Development cooperation boosts German exports and secures thousands of jobs
By Globe Banner | Oct 30, 2024
A recent study conducted by the University of Göttingen for KfW highlights the economic benefits of Germany's development cooperation expenditure.
Siemens acquires Altair Engineering to boost AI-driven industrial software capabilities
By Globe Banner | Oct 30, 2024
Siemens has announced the acquisition of Altair Engineering, a move that aims to strengthen its leadership in industrial software and artificial intelligence.
Ellard discusses role of WTO in addressing trade challenges
By Globe Banner | Oct 30, 2024
Speaking to an audience of students and faculty members, DDG Ellard shared insights from her extensive experience throughout her career and in her current role at the WTO.
IMF approves funding to support Kenya's economic stability amidst fiscal challenges
By Globe Banner | Oct 30, 2024
The International Monetary Fund (IMF) Executive Board has completed the seventh and eighth reviews under the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements, as well as a review under the Resilience and Sustainability...
World Bank supports global education resilience amid COVID-19
By Globe Banner | Oct 30, 2024
During the COVID-19 pandemic, several countries implemented remote learning strategies to ensure educational continuity amid school closures.
U.S. Department of State invites applications for YTILI Fellowship Program
By Globe Banner | Oct 30, 2024
The U.S. Department of State is inviting young business and social entrepreneurs to apply for the 2025 Young Transatlantic Innovation Leaders Initiative (YTILI) Fellowship Program.
IMF releases findings from its latest Financial Access Survey
By Globe Banner | Oct 30, 2024
The International Monetary Fund (IMF) has published the results of its 2024 Financial Access Survey (FAS), coinciding with the survey's 15th anniversary.
World Bank supports Maldivian secondary education with additional financing
By Globe Banner | Oct 30, 2024
The World Bank has approved a $2.7 million grant from the Global Partnership for Education to enhance the Atoll Education Development Project in the Maldives.
Prudential appoints Patrick van Heerde as chief partnership distribution officer
By Globe Banner | Oct 29, 2024
Prudential plc has announced the appointment of Patrick van Heerde as its new Chief Partnership Distribution Officer. Mr. van Heerde will assume his role on November 4, reporting to Dennis Tan, Managing Director of the Strategic Business Group.
KfW IPEX-Bank supports Recharge's EV expansion with EUR 45 million financing
By Globe Banner | Oct 29, 2024
In the Nordic region, Recharge is recognized for operating the largest rapid electric vehicle (EV) charging network.