News from June 2025
U.S.-Africa summit highlights role of peace in boosting trade opportunities
By Globe Banner | Jun 24, 2025
The U.S.-Africa Business Summit held in Luanda, Angola, underscored the importance of peace and stability in fostering cross-border trade and critical mineral supply chains.
Hungarian Parliament enacts new restrictions on public assemblies
By Globe Banner | Jun 24, 2025
The Hungarian Parliament has enacted a law on March 18, 2025, that impacts public events and assemblies.
IMF completes fourth review under Comoros' extended credit facility
By Globe Banner | Jun 24, 2025
The International Monetary Fund (IMF) Executive Board has completed the fourth review under the Union of the Comoros’ Extended Credit Facility (ECF) arrangement.
Report warns of rising global wildfire threats amid climate change
By Globe Banner | Jun 24, 2025
Allianz Commercial has released a report emphasizing the increasing threat of wildfires globally.
Rising temperatures may cut GDP by 2.5% annually in European cities by 2050
By Globe Banner | Jun 24, 2025
Cities in Europe and Central Asia face significant challenges due to rising temperatures, which could result in a decrease of 2.5% in annual GDP by 2050.
U.S. sanctions leader of Tren de Aragua for terrorist activities
By Globe Banner | Jun 24, 2025
The United States has imposed sanctions on a key leader of the Tren de Aragua (TdA), a Foreign Terrorist Organization originating from Venezuela.
Cities must prepare for increasing extreme heat events
By Globe Banner | Jun 24, 2025
Cities in Europe and Central Asia are facing a significant increase in the number of hot days, which could more than triple by 2050.
US-Nigeria partnership launches working groups focusing on key economic sectors
By Globe Banner | Jun 24, 2025
Senior representatives from the United States and Nigeria, along with business leaders from both countries, gathered in Abuja to initiate the working group meetings of the United States–Nigeria Commercial and Investment Partnership (CIP).
IMF concludes Article IV consultation with Iceland; outlines economic outlook
By Globe Banner | Jun 24, 2025
The International Monetary Fund (IMF) Executive Board completed the Article IV Consultation for Iceland on June 16, 2025.
U.S. participates in June 23, 2025 DSB meeting
By Globe Banner | Jun 24, 2025
The United States participated in the Dispute Settlement Body (DSB) meeting on June 23, 2025.
World Bank approves $194M for education and water projects in Balochistan
By Globe Banner | Jun 24, 2025
The World Bank's Board of Executive Directors has approved $194 million for two projects aimed at improving education and water security in Balochistan, Pakistan.
US-Trinidad collaboration leads to $25M cocaine seizure in Portugal
By Globe Banner | Jun 24, 2025
Security cooperation between the United States and Trinidad and Tobago has led to a significant drug seizure in Portugal.
DBS leads $80M green finance facility for Aseem Infrastructure
By Globe Banner | Jun 24, 2025
DBS Bank has successfully completed Aseem Infrastructure Finance Limited's (AIFL) first External Commercial Borrowing (ECB) and green loan amounting to USD 80 million.
World Bank approves $150M program for women's job access in Tamil Nadu
By Globe Banner | Jun 24, 2025
The World Bank has approved a new initiative to support the Indian state of Tamil Nadu in enhancing access to quality jobs for 1.6 million women and boosting female labor force participation.
UK universities collaborate on hydrogen fuel research for aviation
By Globe Banner | Jun 24, 2025
The initiative to address scientific challenges in using cryogenic liquid hydrogen (LH2) as fuel for gas turbines has commenced.
Consumer confidence rises as EOFY sales boost spending sentiment
By Globe Banner | Jun 24, 2025
Consumer confidence has shown a slight increase, rising by 1.3 points to reach 86.7 points last week.
Sustainable aquaculture poised to meet growing global seafood demand
By Globe Banner | Jun 24, 2025
Aquaculture is increasingly recognized as a crucial component in addressing global food security challenges, economic growth, and environmental sustainability.
US sanctions leader of Venezuelan terrorist group Tren de Aragua
By Globe Banner | Jun 24, 2025
The United States has imposed sanctions on a key leader of the Tren de Aragua (TdA), a Foreign Terrorist Organization originating from Venezuela.
UN Security Council discusses progress towards peace in Libya
By Globe Banner | Jun 24, 2025
Thank you, Madam President, and thank you, Special Representative Tetteh, for your informative briefing and for your continued efforts to de-escalate tensions, prevent renewed clashes in Tripoli, and support Libyan efforts to forge consensus on a...
Dar America hosts second annual English Speakers' Job Fair in Casablanca
By Globe Banner | Jun 24, 2025
Dar America recently hosted the second edition of the English Speakers’ Job Fair at the Hyatt Regency Hotel in Casablanca.