News from August 2025
U.S. Ambassador visits wounded Ugandan soldiers at Mogadishu field hospital
By Globe Banner | Aug 13, 2025
On August 12, U.S. Ambassador Richard Riley visited Ugandan soldiers wounded in recent fighting at the AUSSOM Sector 1 Level II hospital in Mogadishu.
Credit access tightens for German SMEs while large firms see improved lending terms
By Globe Banner | Aug 13, 2025
Small and medium-sized enterprises (SMEs) in Germany are experiencing increased difficulty in obtaining loans, according to recent findings from the KfW ifo Credit Constraint Indicator.
European private credit grows rapidly as part of global investor portfolios
By Globe Banner | Aug 13, 2025
Private credit has experienced notable growth over the last decade, with global assets under management reaching approximately $1.7 trillion in 2024, according to Preqin data.
Siemens posts higher orders and confirms outlook amid volatile market
By Globe Banner | Aug 13, 2025
Siemens AG reported strong results for the third quarter of fiscal year 2025, highlighting continued growth in orders, revenue, and net income despite ongoing volatility in global markets.
KfW reports higher lending volumes driven by SME climate investments in first half of 2025
By Globe Banner | Aug 13, 2025
KfW reported an increase in new financing commitments for the first half of 2025, reaching EUR 39.4 billion, which is EUR 4.7 billion higher than the same period last year.
Siemens reports Q3 FY25 results; confirms outlook amid ongoing market volatility
By Globe Banner | Aug 13, 2025
Siemens AG reported continued growth in its third quarter of fiscal year 2025, highlighting increases in orders, revenue, and net income despite challenging global market conditions.
Expert discusses vital role of wind farms in UK's net zero ambitions
By Globe Banner | Aug 13, 2025
Wind power is set to play a central role in the UK’s efforts to achieve net zero emissions by 2050, according to Professor Christopher Vogel.
ANZ revises home loan rules aiming at better access for self-employed Australians
By Globe Banner | Aug 13, 2025
ANZ has introduced changes to its home loan policies aimed at making it easier for small business owners and sole traders in Australia to secure home loans.
J.P. Morgan sets new record with 40 advisors on Forbes' next-gen best-in-state list
By Globe Banner | Aug 13, 2025
A total of 40 advisors from J.P. Morgan Wealth Management have been named to the 2025 Forbes Top Next-Gen Wealth Advisors Best-in-State ranking, marking a new record for the firm.
Morgan Stanley IM outlines portfolio risks in August 2025 edition of The BEAT
By Globe Banner | Aug 13, 2025
Morgan Stanley Investment Management has released its August 2025 edition of The BEAT, a resource aimed at providing timely market insights and ideas for investors.
KfW Research reports rise in German EV exports and shifting consumer attitudes
By Globe Banner | Aug 13, 2025
Electric vehicles are seeing significant growth in both global and German markets, according to a recent study by KfW Research.
Cash holdings rise among US firms amid shift toward intangible investments
By Globe Banner | Aug 13, 2025
The latest report from Counterpoint Global examines how much cash companies should hold, focusing on issues related to capital allocation and capital structure.
Zodia Markets raises $18 million to boost global growth and stablecoin solutions
By Globe Banner | Aug 13, 2025
Zodia Markets, a digital asset platform focused on enabling institutional capital through stablecoins, has secured $18.25 million in its Series A funding round.
KfW-ifo index shows rising optimism among German SMEs despite challenges
By Globe Banner | Aug 13, 2025
Germany’s small and medium-sized enterprises (SMEs) are showing growing optimism about the near future, according to the latest KfW-ifo Business Climate Index.
DEG provides $50 million loan package to Tanzanian bank for small business support
By Globe Banner | Aug 13, 2025
DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH has announced a long-term loan of USD 50 million to CRDB Bank PLC in Tanzania.
ExxonMobil signs deal with Calpine for CO2 storage from Baytown Energy Center
By Globe Banner | Aug 12, 2025
Exxon Mobil Corporation has entered into an agreement with Calpine Corporation to transport and permanently store up to 2 million metric tons per year of carbon dioxide from Calpine’s Baytown Energy Center near Houston.
Former House Speaker Renner on insurance savings through reform: 'Some reductions topping 10%'
By A. B. Bamburg | Aug 12, 2025
Paul Renner, former Speaker of the Florida House, said that Florida drivers are experiencing reductions in auto insurance premiums—some exceeding 10%—due to legal reforms enacted in 2023.
United States congratulates Singapore on its 60th year of independence
By Globe Banner | Aug 12, 2025
The United States has extended congratulations to Singapore on the 60th anniversary of its independence.
U.S. Treasury sanctions armed groups over conflict mineral trade in eastern Congo
By Globe Banner | Aug 12, 2025
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on entities connected to armed group violence and the sale of critical minerals in the Democratic Republic of the Congo (DRC).
U.S. Mission in Kampala seeks vendors for gym flooring supply
By Globe Banner | Aug 12, 2025
The U.S. Mission in Kampala has issued a request for quotations (RFQ) seeking vendors to supply gym flooring materials that meet specific requirements.