News from May 2025
Alibaba Group releases financial results for March quarter and fiscal year 2025
By Globe Banner | May 15, 2025
Alibaba Group has announced its financial results for the March quarter and the full fiscal year 2025.
Ambassador Shea urges action on missing persons in armed conflicts at UN briefing
By Globe Banner | May 15, 2025
Thank you, Mr. President.
Public asset managers discuss challenges at World Bank RAMP Executive Forum
By Globe Banner | May 15, 2025
Central bank reserve managers and public asset managers from pension funds, sovereign wealth funds, and international financial institutions gathered in Washington, DC for the World Bank’s Reserve Advisory & Management Partnership (RAMP) 21st...
Allianz reports record profit; confirms progress towards annual goals
By Globe Banner | May 15, 2025
Allianz, a global insurance and asset management company, has announced a record operating profit and confirmed it is on track to meet its full-year financial outlook.
IMF highlights urgent economic measures needed for Iraq amid global challenges
By Globe Banner | May 15, 2025
An International Monetary Fund (IMF) mission, led by Jean-Guillaume Poulain, recently concluded its visit to Iraq for the 2025 Article IV consultation.
U.S. sanctions Chinese entities over support for Iran's missile program
By Globe Banner | May 15, 2025
The United States has announced sanctions against entities and individuals primarily located in China and Hong Kong for their involvement in supporting Iran's ballistic missile program.
US-Laos partnership advances with new customs HQ groundbreaking
By Globe Banner | May 15, 2025
The Ministry of Finance and the Lao Customs Department, alongside the United States Department of State’s Bureau of International Narcotics and Law Enforcement Affairs (INL) and the United Nations Office for Project Services (UNOPS), have...
U.S. transfers $1M nuclear detection gear to strengthen Sri Lankan maritime security
By Globe Banner | May 15, 2025
The U.S. Embassy in Sri Lanka has transferred advanced radiation and chemical detection equipment valued at $1 million to the Sri Lanka Navy.
Rubio and Rutte discuss NATO defense spending and Ukraine conflict
By Globe Banner | May 15, 2025
Secretary of State Marco Rubio and NATO Secretary General Mark Rutte met to discuss key international issues, including defense spending and the ongoing conflict between Russia and Ukraine.
Armenia invests heavily in healthcare modernization targeting non-communicable diseases
By Globe Banner | May 15, 2025
Armenia is taking significant steps to improve its healthcare system, focusing on tackling non-communicable diseases (NCDs) such as cancer, diabetes, and chronic respiratory illnesses.
Meta introduces new accessibility features across various products
By Globe Banner | May 15, 2025
Meta has announced several new initiatives to enhance accessibility across its products, coinciding with Global Accessibility Awareness Day.
Siemens reports Q2 FY25 results; confirms outlook despite economic uncertainties
By Globe Banner | May 15, 2025
Siemens AG has reported its financial results for the second quarter of fiscal year 2025, highlighting growth in orders, revenue, and net income.
Standard Chartered opens representative office in Casablanca
By Globe Banner | May 15, 2025
Standard Chartered has opened a new representative office in Casablanca, Morocco, expanding its presence in the Middle East and North Africa.
KfW IPEX-Bank finances EUR 50 million for IONITY's EV charging expansion
By Globe Banner | May 15, 2025
KfW IPEX-Bank has announced a financing deal with IONITY, providing EUR 50 million to support the expansion of its High Power Charging (HPC) network across Europe.
Morgan Stanley announces dividends on multiple preferred stock series
By Globe Banner | May 15, 2025
Morgan Stanley has announced the declaration of regular dividends on its outstanding preferred stock shares.
UBS announces redemption of $1.5 billion senior notes
By Globe Banner | May 15, 2025
UBS has announced plans to redeem its outstanding $1.5 billion 2.193% Fixed Rate/Floating Rate Senior Callable Notes due in 2026.
US sanctions Iranian oil smuggling network funding military projects
By Globe Banner | May 15, 2025
The United States has announced sanctions on an international network involved in the transportation of Iranian crude oil to China.
World Bank supports Uzbekistan's electricity modernization with $100 million credit
By Globe Banner | May 15, 2025
The World Bank's Board of Executive Directors has approved a $100 million concessional credit to aid Uzbekistan in modernizing its electricity distribution networks.
Swansea University launches major research project on cyber resilience
By Globe Banner | May 15, 2025
Swansea University has initiated a significant research project aimed at enhancing cyber resilience across various sectors.
UBS to redeem $1.5 billion senior callable notes ahead of schedule
By Globe Banner | May 15, 2025
UBS Group AG has announced its plan to redeem the entirety of its $1.5 billion 2.193% Fixed Rate/Floating Rate Senior Callable Notes due in 2026.