News from July 2025
Arch Insurance promotes Chris Fairs to head agency management
By Globe Banner | Jul 16, 2025
Arch Insurance International has announced the promotion of Chris Fairs to Head of Agency Management at Arch Managing Agency Limited (AMAL).
World Bank issues EUR 3 billion sustainable development bond
By Globe Banner | Jul 16, 2025
The World Bank has successfully priced a 10-year EUR benchmark bond, raising EUR 3 billion to support its sustainable development activities.
U.S issues Level 4 travel advisory urging citizens not to travel to Libya
By Globe Banner | Jul 16, 2025
The U.S. Department of State has reissued a Level 4 travel advisory for Libya, advising against travel to the country due to various safety concerns.
Quad partners focus on strengthening subsea cable connectivity at Wavelength Forum
By Globe Banner | Jul 16, 2025
Quad partners, government officials, and industry leaders convened at the Wavelength Forum in New Delhi on July 16 to enhance subsea cable connectivity and resilience in the Indo-Pacific region.
Warburg Pincus acquires majority stake in Keystone Agency Partners
By Globe Banner | Jul 16, 2025
Keystone Agency Partners has announced a significant investment from Warburg Pincus, which will acquire a majority stake in the company.
Mobile technology boosts savings surge in developing economies
By Globe Banner | Jul 16, 2025
More adults in low- and middle-income countries now have financial accounts, according to the World Bank Group's Global Findex 2025 report.
UOB partners with Michelin for global hotel key selection
By Globe Banner | Jul 16, 2025
UOB has announced its role as the Global Principal Partner of The MICHELIN Guide Hotels, marking the first instance of a Singapore company collaborating with this prestigious ratings authority on an international level.
U.S. Embassy in Turkmenistan announces online auction for furniture and more
By Globe Banner | Jul 16, 2025
The U.S. Embassy in Turkmenistan is set to conduct an online auction starting July 18, 2025, and ending on August 1, 2025.
New £50m research center launched for chronic inflammatory disease study
By Globe Banner | Jul 16, 2025
Chronic inflammatory diseases are a significant health issue, responsible for over half of all deaths worldwide.
Morgan Stanley announces second quarter 2025 results conference call
By Globe Banner | Jul 16, 2025
A conference call discussing Morgan Stanley's second quarter results for 2025 is scheduled for July 16, 2025, at 8:30 a.m. Eastern Time.
World Bank's Johannes Zutt visits Bangladesh in first official trip
By Globe Banner | Jul 15, 2025
The World Bank's new Vice President for the South Asia Region, Johannes Zutt, arrived in Dhaka today.
Côte d'Ivoire partners with World Bank to formalize informal gold mining
By Globe Banner | Jul 15, 2025
Facing significant losses from illicit gold trade, Côte d'Ivoire has partnered with the World Bank and the World Gold Council to formalize its small-scale mining sector.
Côte d'Ivoire partners with World Bank on sustainable gold mining
By Globe Banner | Jul 15, 2025
Facing significant losses from illicit gold trade and seeking to formalize a vital, yet often dangerous sector, Côte d'Ivoire has joined forces with the World Bank and the World Gold Council in an ambitious partnership to transform its small-scale...
World Bank aids India's electricity distribution transformation amid rising demand
By Globe Banner | Jul 15, 2025
India's energy sector is undergoing significant changes as the country aims to meet its growing electricity demand while pursuing ambitious renewable energy targets.
Malawi faces economic crisis amid high inflation and food insecurity
By Globe Banner | Jul 15, 2025
Malawi is experiencing a severe economic crisis, characterized by high inflation, declining living standards, and significant food insecurity.
World Bank announces $1.5 billion increase in SOFR-linked floating rate bond
By Globe Banner | Jul 15, 2025
Today, the World Bank announced a USD 1.5 billion increase to its October 2030 bond linked to the Secured Overnight Financing Rate (SOFR) Index.
World Bank report calls for improved public services in Sub-Saharan Africa
By Globe Banner | Jul 15, 2025
This year's Country Policy and Institutional Assessment (CPIA) report highlights the need for stronger essential services in Sub-Saharan Africa to achieve sustainable growth.
Burkina Faso sees economic growth amid challenges: World Bank report
By Globe Banner | Jul 15, 2025
OUAGADOUGOU, July 10, 2025 - The World Bank's April 2025 Burkina Faso Economic Update reports a growth in the country's economy by 4.9% in 2024, compared to 3.0% in the previous year.
World Bank approves $100M for highway rehabilitation in Honduras
By Globe Banner | Jul 15, 2025
The World Bank's Executive Board has approved a $100 million project to rehabilitate and manage 174 km of the CA-13 Highway in Honduras.
World Bank aids Paraguay's central bank in reserve diversification
By Globe Banner | Jul 15, 2025
Since joining the World Bank's Reserve Advisory and Management Partnership (RAMP) in 2017, the Central Bank of Paraguay has improved its management of international reserves.