News from 2024
Siemens celebrates two decades with Oracle Red Bull Racing in F1
By Globe Banner | Dec 12, 2024
Siemens Digital Industries Software is marking two decades of collaboration with Oracle Red Bull Racing, a significant technical partnership in the Formula 1 landscape.
German SMEs struggle with sustainability data amid changing banking expectations
By Globe Banner | Dec 12, 2024
Many small and medium-sized enterprises (SMEs) in Germany are not well-prepared to meet the potential future demands of banks and savings banks for sustainability indicators during loan negotiations.
World Bank: Poorest nations face decisive decades ahead
By Globe Banner | Dec 12, 2024
The World Bank has released a new analysis indicating that the next 25 years will be crucial for the world's 26 poorest countries in their quest to achieve middle-income status.
IMF reviews Tajikistan's economic progress under Policy Coordination Instrument
By Globe Banner | Dec 12, 2024
The International Monetary Fund (IMF) Executive Board has completed the first review under the Policy Coordination Instrument (PCI) for Tajikistan.
Empowering local governments seen as key to boosting human capital in Philippines
By Globe Banner | Dec 12, 2024
The World Bank has highlighted the importance of empowering local government units (LGUs) in the Philippines to enhance human capital through health, nutrition, and early childhood interventions.
Water management report urges action for Europe & Central Asia's future security
By Globe Banner | Dec 12, 2024
Water plays a vital role in the economic development of Europe and Central Asia, contributing significantly to electricity production, agriculture, and various industries.
Dairy farming transforms lives through integrated productivity improvement project
By Globe Banner | Dec 12, 2024
A day in the life of Zamira Makeyeva begins early with milking cows and tending to calves.
World Bank urges urgent investment in water security across Europe and Central Asia
By Globe Banner | Dec 12, 2024
Developing economies in Europe and Central Asia are urged to prioritize water security investments to address climate change, dwindling resources, and rising demand.
FSB releases final recommendations on cross-border payment regulations
By Globe Banner | Dec 12, 2024
The Financial Stability Board (FSB) has released its finalized recommendations aimed at improving data frameworks related to cross-border payments and ensuring consistent regulation and supervision of payment service providers.
World Bank approves $40 million aid for Bhutan's climate resilience efforts
By Globe Banner | Dec 11, 2024
The World Bank's Board of Executive Directors has approved $40 million in financing to assist Bhutan in enhancing its capacity to manage climate change and natural disaster risks.
World Bank supports Egypt's ambitious targets for private sector-led economic growth
By Globe Banner | Dec 11, 2024
Egypt's private sector plays a crucial role in the nation's economic growth amid evolving global and domestic conditions.
Ethiopia aims for renewed talks on WTO accession starting early 2025
By Globe Banner | Dec 11, 2024
The Ethiopian delegation, led by Minister Kassahun Gofe Balami, visited Geneva to discuss the country's World Trade Organization (WTO) accession process.
Social media impacts food supply chain dynamics
By Globe Banner | Dec 11, 2024
A TikTok video that turned cucumbers into a global superfood and the baked feta pasta craze that emptied supermarket shelves are examples of social media's impact on food supply chains.
World Bank approves $250 million for Türkiye's agriculture recovery after earthquakes
By Globe Banner | Dec 11, 2024
The World Bank has approved a $250 million financing package for Türkiye to aid the recovery of its agriculture sector in regions affected by the February 2023 earthquakes.
Myanmar faces economic contraction amid crises
By Globe Banner | Dec 11, 2024
YANGON, December 11, 2024 — Myanmar's economy is facing significant challenges due to natural disasters, ongoing conflict, and shortages of basic commodities.
Yuanta recognized at TCSA for sustainable finance leadership
By Globe Banner | Dec 11, 2024
Yuanta Financial Holding Company (FHC) has been recognized for its sustainability efforts by the Taiwan Corporate Sustainability Awards (TCSA).
World Bank supports healthcare initiatives in Latin America amid ongoing challenges
By Globe Banner | Dec 11, 2024
Visiting the doctor in Latin America and the Caribbean often involves more than just personal fears.
WTO reports rise in global trade restrictions amid unilateral policies
By Globe Banner | Dec 11, 2024
The World Trade Organization (WTO) has released a report detailing an increase in trade restrictions over the past year.
IMF approves funding facilities for Papua New Guinea amid economic reform efforts
By Globe Banner | Dec 11, 2024
On December 11, 2024, the International Monetary Fund (IMF) Executive Board approved a Resilience and Sustainability Facility (RSF) arrangement for Papua New Guinea.
Somali women's business growth supported by access to finance
By Globe Banner | Dec 11, 2024
Rima Abdukadir Ahmed, an entrepreneur from Mogadishu, has been able to expand her sesame oil business thanks to a loan from Premier Bank.