News from 2024
U.S trade deficit widens to nearly \$79 Billion as imports surge
By Globe Banner | Sep 4, 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $78.8 billion in July, up $5.8 billion from $73.0 billion in June, revised.
Nordic economies show signs of recovery amid global modest growth
By Globe Banner | Sep 4, 2024
The global economy continues to experience modest growth, with Europe expected to play a significant role in driving this trend.
Wife of ex-federal agent imprisoned in Nigeria: 'he is now reaching the point of no return'
By Globe Banner | Sep 4, 2024
Yuki Gambaryan, the wife of Tigran Gambaryan, head of financial crime compliance at Binance and a former U.S. federal agent, stated that her husband's health is deteriorating severely. She expressed concern that he may never fully recover. Yuki shared her statement in an Aug. 26 YouTube video.
Public Forum 2024 to discuss re-globalization through trade
By Globe Banner | Sep 4, 2024
The 2024 Public Forum will explore how re-globalization through trade can lead to a better world. It will focus on how green policies, services, and digitalization can contribute to this objective.
Education key in mitigating effects of widespread school closures due to climate change
By Globe Banner | Sep 4, 2024
More than 400 million students have been affected by climate-related school closures since 2022, according to a recent report. The report emphasizes that for less than $20 per student, schools can adapt and minimize learning losses.
U.S trade deficit rises to \$78\.8 Billion in July
By Globe Banner | Sep 4, 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $78.8 billion in July, up $5.8 billion from a revised figure of $73.0 billion in June.
NCUA awards over $3.5 million in community development revolving loan fund grants
By Globe Banner | Sep 4, 2024
The National Credit Union Administration (NCUA) announced the distribution of over $3.5 million in Community Development Revolving Loan Fund grants to 135 low-income-designated credit unions.
World Bank projects strong economic growth for India despite subdued global conditions
By Globe Banner | Sep 3, 2024
NEW DELHI, September 3, 2024 — The Indian economy continues to grow at a healthy pace despite challenging global conditions, according to the World Bank’s latest India Development Update: India’s Trade Opportunities in a Changing Global Context. However, to reach its $1 trillion merchandise exports goal by 2030, India needs to diversify its export basket and leverage global value chains.
Kennedy-Lugar YES program opens applications for Libyan students
By Globe Banner | Sep 3, 2024
The Kennedy-Lugar Youth Exchange and Study (YES) program is now accepting applications from high school students in Libya for the academic year 2024-2025.
Serbia receives $65 million from World Bank for railway maintenance
By Globe Banner | Sep 3, 2024
Serbia will enhance the maintenance of its railway infrastructure with a new $65 million support from the World Bank. This funding represents the second tranche of the Multiphase Programmatic Approach (MPA) for Serbia Railway Sector Modernization Project, aimed at building a safer, more efficient, and climate-friendly rail sector.
World Bank appoints Qimiao Fan as country director for Kenya, Rwanda, Somalia & Uganda
By Globe Banner | Sep 2, 2024
Nairobi, September 2, 2024 – The World Bank has appointed Mr. Qimiao Fan as the new Country Director for Kenya, Rwanda, Somalia, and Uganda, effective September 1, 2024. Mr. Fan, who has over 35 years of experience in development practice, will oversee the design and implementation of the World Bank’s support program to the four countries that has an active portfolio consisting of 102 projects totaling $17.2 billion.
Wealth Management author: 'The Bitcoin bulls are back'
By Globe Banner | Sep 1, 2024
Lark Davis, author of the Wealth Management newsletter, said BlackRock's recent large purchases of Bitcoin for its Bitcoin exchange-traded fund (ETF) signal that investors are feeling optimistic about increases in cryptocurrency prices. Davis shared his statement in an Aug. 27 post on X.
World Bank outlines strategies for Paraguay’s economic transformation
By Globe Banner | Sep 1, 2024
Paraguay is positioned for a promising future, with abundant natural resources, a young population, and a stable macroeconomic environment. However, to fully realize its potential, the country needs to adopt a new growth strategy that prioritizes productivity, resilience, and sustainability.
World Bank outlines policy recommendations for Mongolia's sustainable development vision
By Globe Banner | Aug 31, 2024
The World Bank Group has prepared a series of Policy Notes to address a range of issues and provide actionable recommendations for Mongolia's new government, formed in July 2024. These notes aim to assist the government in diversifying and strengthening national assets beyond the mining sector to meet the country's sustainable and green development goals, as outlined in Mongolia’s Vision 2050 and New Recovery Policy objectives.
Binance announces Hong Kong Police recognition for aid in kidnapping case
By Globe Banner | Aug 30, 2024
Binance announced receiving a letter of appreciation from the Hong Kong Police for assisting in a recent kidnapping investigation.
World Bank delegation emphasizes strong development engagement during visit to Haiti
By Globe Banner | Aug 30, 2024
Port-au-Prince, Haiti, 30 August 2024 — Director for the World Bank’s International Development Association (IDA) Resource Mobilization, Dirk Reinermann, completed a three-day visit to Haiti on Friday, August 30. During the visit, priorities of the new administration were discussed and the World Bank’s commitment to continue fighting against extreme poverty in Haiti was underscored.
U.S citizens abroad urged to register for upcoming November election
By Globe Banner | Aug 30, 2024
With the November 2024 election approaching, U.S. citizens residing overseas still have time to register and vote.
Timor-Leste becomes World Trade Organization's newest member
By Globe Banner | Aug 30, 2024
Deputy Prime Minister Francisco Kalbuadi Lay of Timor-Leste handed to WTO Director-General Ngozi Okonjo-Iweala the instrument of acceptance of its Protocol of Accession at a meeting of the General Council on July 22, 2024.
World Bank announces $415 million aid for Ukrainian education amid ongoing conflict
By Globe Banner | Aug 30, 2024
WASHINGTON, August 30, 2024—A new $415 million education program to improve primary and secondary education in Ukraine will reach one million students, teachers, and school staff, the World Bank announced today.
US Bureau reports rise in income and consumer expenditures for July
By Globe Banner | Aug 30, 2024
Personal income increased by $75.1 billion, or 0.3 percent at a monthly rate, in July 2024, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), which is personal income less personal current taxes, rose by $54.8 billion (0.3 percent) and personal consumption expenditures (PCE) increased by $103.8 billion (0.5 percent).