News from July 2025
U.S. officials engage with Pankisi Valley youth through educational initiatives
By Globe Banner | Jul 1, 2025
Representatives from the Bureau of International Narcotics and Law Enforcement Affairs (INL) and the U.S. Department of Justice (DOJ) visited the Pankisi Valley on June 27.
BlackRock completes acquisition of HPS Investment Partners
By Globe Banner | Jul 1, 2025
BlackRock, Inc. has finalized its acquisition of HPS Investment Partners, marking a significant development in the financial sector.
U.S. opposes Francesca Albanese’s mandate as UN special rapporteur
By Globe Banner | Jul 1, 2025
The United States has reiterated its concerns to UN Secretary-General António Guterres regarding Francesca Albanese, the "United Nations Special Rapporteur on the situation of human rights in the Palestinian territories occupied since 1967."
U.S. criticizes Responsibility to Protect at UNGA meeting
By Globe Banner | Jul 1, 2025
The United States has expressed its stance on the Responsibility to Protect (R2P) during a United Nations General Assembly plenary meeting.
UK universities collaborate on new solar tech for growing space industry
By Globe Banner | Jul 1, 2025
With the global space industry expanding rapidly, valued at £17.5 billion in the UK, there is a growing demand for efficient and scalable solar power solutions.
Barclays announces executive committee changes with new co-chief operating officers
By Globe Banner | Jul 1, 2025
Barclays has announced changes to its Group Executive Committee, effective immediately.
Macquarie Bank removes business account fees amid digital transformation
By Globe Banner | Jul 1, 2025
Macquarie Bank has announced a significant change for its business customers, who will now benefit from the removal of fees associated with account keeping and electronic transactions.
Ambassador Davis emphasizes US-Cyprus relations at Independence Day event
By Globe Banner | Jul 1, 2025
The U.S. Ambassador to Cyprus, Davis, addressed a gathering at the University of Cyprus Old Campus to mark America's Independence Day.
U.S shifts foreign aid strategy: State Department takes charge from USAID
By Globe Banner | Jul 1, 2025
The U.S. government has announced a significant shift in its approach to foreign aid, marking the end of the U.S. Agency for International Development's (USAID) role in implementing foreign assistance programs.
Standard Chartered responds to legal claims over alleged 1MDB fraud
By Globe Banner | Jul 1, 2025
Standard Chartered has responded to media reports concerning a legal case filed in the High Court of Singapore on June 30, 2025.
U.S. Mission announces Fulbright programs for Vietnamese scholars
By Globe Banner | Jul 1, 2025
The U.S. Mission to Vietnam has announced the 2026–2027 Fulbright Vietnamese Visiting Scholar Program and the Fulbright U.S.-ASEAN Visiting Scholar Program, coinciding with the 30th anniversary of U.S.-Vietnam relations.
U.S.-Kosovo relations highlighted at embassy's Fourth of July celebration
By Globe Banner | Jul 1, 2025
President Osmani, caretaker Prime Minister Kurti, members of the diplomatic corps, friends and colleagues gathered to celebrate the United States' 249th Independence Day.
IMF completes governance diagnostic mission in Kenya
By Globe Banner | Jul 1, 2025
The International Monetary Fund (IMF) has concluded a Governance Diagnostic mission in Kenya, led by Rebecca A. Sparkman.
Slovenia increases financial support for world's poorest nations through World Bank initiative
By Globe Banner | Jul 1, 2025
Slovenia has announced a significant increase in its contribution to the World Bank's International Development Association (IDA), boosting it by 30%.
IMF advises Bosnia on fiscal discipline amid political hurdles
By Globe Banner | Jul 1, 2025
The International Monetary Fund (IMF) has released its preliminary findings following the 2025 Article IV Consultation Mission to Bosnia and Herzegovina.
Germany launches new ERP promotional loans for SMEs
By Globe Banner | Jul 1, 2025
The Federal Ministry of Finance, the Federal Ministry for Economic Affairs and Energy, and KfW have launched two new promotional loan programs aimed at supporting businesses in digitalization and innovation.
World Bank outlines roadmap for leveraging minerals in Zambia's economic transition
By Globe Banner | Jul 1, 2025
Zambia's economy demonstrated resilience in 2024, achieving a growth rate of 4% despite challenges such as a historic drought and frequent power outages.
World Bank appoints Fabrizio Zarcone as new country manager for Armenia
By Globe Banner | Jul 1, 2025
The World Bank has announced the appointment of Fabrizio Zarcone as its new Country Manager for Armenia, effective July 1, 2025.
U.S. Embassy announces new regional office for social security services
By Globe Banner | Jul 1, 2025
The U.S. Embassy in Quito has announced that the Federal Benefits Unit (FBU) based in San Jose, Costa Rica, will now serve as the regional office for U.S. citizens residing in Ecuador.
Axis Capital to announce Q2 financial results on July 29
By Globe Banner | Jul 1, 2025
AXIS Capital Holdings Limited has announced plans to release its financial results for the second quarter of 2025 on July 29, following the closure of financial markets.