News from January 2025
Report explores financing climate action for transportation in developing nations
By Globe Banner | Jan 9, 2025
Transport plays a vital role in the development of nations, yet it is a significant source of greenhouse gas emissions.
ERP Start-up Loan expands to include part-time businesses
By Globe Banner | Jan 9, 2025
Good news for aspiring entrepreneurs as the ERP Start-up Loan - StartGeld has expanded its eligibility criteria since January 1, allowing more new business owners to apply.
Armenia's roadmap: transition from gas dependency to sustainable growth
By Globe Banner | Jan 9, 2025
The Country Climate and Development Report (CCDR) for Armenia provides an analysis of the country's climate and development challenges, offering a roadmap towards a cleaner environment, energy security, and economic resilience.
Finance expert stresses client satisfaction as key to business success
By Globe Banner | Jan 9, 2025
Marnix van Stiphout, a notable figure in the finance industry, emphasizes the importance of client satisfaction.
World Bank restructures accountability mechanism for improved efficiency
By Globe Banner | Jan 9, 2025
The World Bank's Board of Executive Directors has approved modifications to the structure of the organization's Accountability Mechanism.
World Bank supports Mozambique with rapid financing for crisis response
By Globe Banner | Jan 9, 2025
The Mozambique Contingent Emergency Response Project (CERP) serves as an Investment Project Financing (IPF), allowing emergency response expenditures to be funded through the Rapid Response Option (RRO).
World Bank issues EUR 3 Billion sustainable development bond maturing in January 2035
By Globe Banner | Jan 9, 2025
The World Bank has successfully returned to the euro market with a 10-year sustainable development bond, raising EUR 3 billion.
Siemens introduces climate-friendly power distribution technology in Davos
By Globe Banner | Jan 9, 2025
Reliable power supply is crucial for maintaining a well-functioning infrastructure.
Morgan Stanley invests in ocean data firm XOCEAN through €115 million funding round
By Globe Banner | Jan 9, 2025
Morgan Stanley Investment Management (MSIM) has announced that its 1GT private climate equity strategy participated in a €115 million fundraising round for XOCEAN, a company specializing in ocean data for the offshore energy and civil hydrography...
Nordea funds university's biodiversity research with EUR 200k donation
By Globe Banner | Jan 8, 2025
Nordea has announced a donation of EUR 200,000 to support the University of Jyväskylä's research program focused on biodiversity impact in the Nordic countries.
BMO offers support for Los Angeles wildfire victims
By Globe Banner | Jan 8, 2025
BMO has announced its support for customers and communities in Los Angeles affected by the recent wildfires.
US embassies in Ecuador to close for National Day of Mourning
By Globe Banner | Jan 8, 2025
President Biden has announced a National Day of Mourning on January 9, 2025, in honor of former President Jimmy Carter.
Japan Social Development Fund celebrates quarter-century milestone
By Globe Banner | Jan 8, 2025
In 2025, the Japan Social Development Fund (JSDF) commemorates its 25th anniversary.
World Bank outlines new strategy for economic growth in Namibia
By Globe Banner | Jan 8, 2025
The World Bank's Board of Executive Directors has introduced a new Country Partnership Framework (CPF) for Namibia, outlining the organization's strategy from FY2025 to FY2029.
Siemens integrates Apple Wallet into Building X Security Manager
By Globe Banner | Jan 8, 2025
Siemens has introduced a new feature for its Building X Security Manager, allowing users to access buildings using Apple Wallet.
Dirk Schumacher named new chief economist of KfW Group
By Globe Banner | Jan 7, 2025
Dr. Dirk Schumacher has been appointed as the new Chief Economist of KfW Group and will start his role on April 1, 2025.
World Bank launches GBP 1 billion bond for sustainable development
By Globe Banner | Jan 7, 2025
The World Bank has successfully launched a long 5-year British pound sterling benchmark bond, amounting to GBP 1 billion.
Fubon Financial wins nine awards at 2025 Insurance Quality Awards
By Globe Banner | Jan 7, 2025
Fubon Financial Holdings and its subsidiaries have been recognized at the "2025 Insurance Quality Awards," receiving a total of nine awards.
Siemens aids Spinnova in advancing sustainable textile production
By Globe Banner | Jan 7, 2025
Siemens and Spinnova are collaborating to advance sustainable textile manufacturing at the Woodspin factory in Jyväskylä, Finland.
World Bank approves $35M project to aid Meghalaya's adolescents
By Globe Banner | Jan 7, 2025
The World Bank's Board of Executive Directors has approved a new initiative aimed at assisting 500,000 adolescents in Meghalaya, India.