News from July 2025
World Bank approves $2.97 million grant for disability support in Djibouti
By Globe Banner | Jul 11, 2025
The World Bank has approved a $2.97 million grant to support children with disabilities in Djibouti.
William Flens takes charge as U.S. Embassy Chad's chargé d’affaires
By Globe Banner | Jul 11, 2025
William Flens has assumed the role of chargé d’affaires at the U.S. Embassy in Chad as of July 2025.
American Institute in Taiwan seeks contractor for soffit metal panel service
By Globe Banner | Jul 11, 2025
The American Institute in Taiwan (AIT) is seeking a firm to provide Soffit Metal Panel Un/Reinstallation Service.
IMF concludes 2025 consultation on euro area policies
By Globe Banner | Jul 11, 2025
The International Monetary Fund (IMF) Executive Board has concluded its 2025 discussions on euro area policies with member countries.
Foreign direct investment in US drops to lowest level since 2014
By Globe Banner | Jul 11, 2025
Expenditures by foreign direct investors in the United States reached $151.0 billion in 2024, according to preliminary statistics from the U.S. Bureau of Economic Analysis.
Aon says reinsurers rewarded improved performance in Florida property market at mid-year renewals
By Globe Banner | Jul 10, 2025
Aon announced that reinsurers responded to improved performance in Florida's property insurance market during mid-year renewals by offering moderate price reductions and more flexible terms.
Binance founder amid Bitcoin all time highs: 'I hope you bought the dip'
By Globe Banner | Jul 10, 2025
Changpeng Zhao, founder and former CEO of Binance, said that Bitcoin's recent surge past its previous records underscores the value of purchasing during earlier price declines.
ANZ participates in RBA's Project Acacia with two innovative finance use cases
By Globe Banner | Jul 10, 2025
ANZ has announced its participation in the Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre’s (DFCRC) Project Acacia research program.
AI growth threatens net zero goals due to rising energy demands
By Globe Banner | Jul 10, 2025
With countries like the UK setting ambitious goals for AI leadership and decarbonization, a new report suggests that AI could lead to a 25-fold increase in the global tech sector's energy use by 2040.
World Bank funds resilient infrastructure projects in Madagascar
By Globe Banner | Jul 10, 2025
Communities in Madagascar are set to benefit from enhanced infrastructure aimed at mitigating the impact of natural disasters.
U.S Embassy opens applications for Humphrey Fellowship Program 2026-2027
By Globe Banner | Jul 10, 2025
The U.S. Embassy in N'Djamena has announced the opening of applications for the 2026–2027 Hubert H. Humphrey Fellowship Program.
IMF concludes Article IV consultation with Kiribati amid economic challenges
By Globe Banner | Jul 10, 2025
On July 9, 2025, the Executive Board of the International Monetary Fund (IMF) concluded its Article IV consultation with Kiribati.
US imposes sanctions on 22 entities tied to Iran's illicit oil trade
By Globe Banner | Jul 10, 2025
The United States has imposed sanctions on 22 entities linked to a network engaged in illicit oil trading for the Iranian regime.
UOB supports young athletes with $100K donation to Singapore Tennis Association
By Globe Banner | Jul 10, 2025
UOB has announced a S$100,000 sponsorship and donation to the Singapore Tennis Association (STA) to support young tennis talents.
U.S. Embassy in Namibia seeks tenders for sewage and stormwater services
By Globe Banner | Jul 10, 2025
The U.S. Embassy in Windhoek has announced an invitation to tender for sewage and stormwater clearing services at government-owned residences.
World Bank calls for improved service delivery in Sub-Saharan Africa
By Globe Banner | Jul 10, 2025
The World Bank's annual Country Policy and Institutional Assessment (CPIA) report for Sub-Saharan Africa, released on July 10, 2025, highlights the need for African governments to enhance essential service delivery to foster inclusive and...
World Bank empowers millions of women through global transport projects
By Globe Banner | Jul 10, 2025
Across fiscal years 2019-2024, the World Bank financed 159 transport projects, with 94% incorporating activities to address gender disparities in the sector.
Arch Insurance appoints new division presidents amid growth
By Globe Banner | Jul 10, 2025
Arch Insurance North America has announced the appointment of five executives to newly-created roles as Division Presidents, effective August 1, 2025.
U.S., Vietnam open new DNA lab marking 30 years of diplomatic ties
By Globe Banner | Jul 10, 2025
As the United States and Vietnam mark 30 years of diplomatic relations, a new DNA laboratory has been inaugurated in Hanoi. U.S. Ambassador to Vietnam Marc Knapper and Kelly McKeague, Director of the U.S. Defense POW/MIA Accounting Agency, joined...
Barclays enters multi-year strategic agreement with MSCI
By Globe Banner | Jul 10, 2025
Barclays and MSCI Inc. have entered into a multi-year strategic agreement to provide Barclays with access to MSCI's analytics and integrated risk modeling services.