News from June 2025
IMF approves $1.5 billion flexible credit line for Costa Rica
By Globe Banner | Jun 2, 2025
The International Monetary Fund (IMF) has approved a two-year Flexible Credit Line (FCL) arrangement for Costa Rica, amounting to SDR 1.1082 billion, equivalent to approximately US$1.5 billion or 300 percent of the country's quota.
Toyota partners with 2025 Canada Games as official electrified fleet provider
By Globe Banner | Jun 2, 2025
The 2025 Canada Games, scheduled to take place in St. John's, Newfoundland and Labrador from August 8 to 25, will feature a partnership with Toyota Canada as the Official Electrified Fleet Partner.
German SMEs retreat from international markets amid challenging conditions
By Globe Banner | Jun 2, 2025
Many small and medium-sized enterprises (SMEs) in Germany are reducing their international operations, according to a new report by KfW Research.
U.S. Embassy alerts El Salvador on expected active hurricane season
By Globe Banner | Jun 2, 2025
The U.S. Embassy in San Salvador has issued a weather alert for El Salvador following predictions from the U.S. National Oceanic and Atmospheric Administration (NOAA) regarding the 2025 Atlantic hurricane season.
Green tech advances unevenly across East Asia-Pacific region
By Globe Banner | Jun 2, 2025
The East Asia and Pacific (EAP) region has made notable contributions to the development and global spread of green technologies, with countries like China playing a significant role.
Australian job ads see slight decline; regional variations noted
By Globe Banner | Jun 2, 2025
ANZ-Indeed Australian Job Ads experienced a slight decline of 1.2% month-on-month in May, following a revised decrease of 0.3% in April.
Cambridge researchers receive funding for pioneering programmable plant projects
By Globe Banner | Jun 2, 2025
Two research groups from the University of Cambridge's Department of Plant Sciences have been awarded funding by the UK's Advanced Research + Invention Agency (ARIA) as part of its Synthetic Plants programme.
Macquarie Bank sees over one million enrollments in its authenticator app
By Globe Banner | Jun 2, 2025
Macquarie Bank has reported that over one million of its customers have enrolled in the Macquarie Authenticator app, a digital security tool launched in 2019.
Baboons' travel formations linked to friendships rather than survival
By Globe Banner | Jun 2, 2025
Baboons often travel in structured line formations known as 'progressions' when moving through their home range.
International coalition commits to peace efforts in Eastern DRC
By Globe Banner | Jun 2, 2025
The governments of the United States, Democratic Republic of the Congo, France, Qatar, Rwanda, and Togo have released a joint statement emphasizing their commitment to peace in the eastern Democratic Republic of the Congo.
Standard Chartered names new global head for wealth & retail banking data
By Globe Banner | Jun 2, 2025
Standard Chartered has announced the appointment of Yusuf Demiral as Global Head for Wealth and Retail Banking Data, Analytics & AI.
World Bank report reveals ongoing challenges for Yemen's economy
By Globe Banner | Jun 2, 2025
Yemen's economy remains under significant strain due to ongoing conflict, institutional fragmentation, and declining external support.
Nicaragua accepts agreement on fisheries subsidies as 101st WTO member
By Globe Banner | Jun 2, 2025
Nicaragua has become the 101st member of the World Trade Organization (WTO) to formally accept the Agreement on Fisheries Subsidies.
E*TRADE releases monthly sector rotation study for June 2025
By Globe Banner | Jun 2, 2025
E*TRADE from Morgan Stanley has released its monthly sector rotation study, focusing on the notional net percentage buy/sell behavior of E*TRADE customers for stocks within the S&P 500 sectors.
World Bank approves $819M for irrigation modernization in Türkiye
By Globe Banner | Jun 2, 2025
The World Bank has approved a financing package of $819 million aimed at boosting food production and improving water efficiency for over 550,000 people in Türkiye.
Siemens aids Hirano with digitalization for better battery manufacturing
By Globe Banner | Jun 2, 2025
Siemens is aiding Hirano Tecseed in enhancing the quality and performance of its battery manufacturing through digitalization.
Lloyd's of London shows resilience with near-£10bn profit despite challenges
By Globe Banner | Jun 2, 2025
Howden Re has released its latest analysis of Lloyd’s of London syndicates, offering insights into performance, capacity trends, underwriting appetite, and profitability across the market.
U.S. Consulate warns of kidnapping risks linked to dating apps in Mexican regions
By Globe Banner | Jun 2, 2025
The U.S. Consulate General in Guadalajara has issued a security alert following multiple reports of U.S. citizens being kidnapped by individuals they met through dating apps in Puerto Vallarta and Nuevo Nayarit, Mexico.
Madagascar's Great South fights climate challenges with community-led environmental projects
By Globe Banner | Jun 2, 2025
Life in southern Madagascar is challenging, with over 90% of the population living in poverty and relying on farming and fishing.