News from May 2025
World Bank approves $90 million aid to boost Moldova's economy
By Globe Banner | May 8, 2025
The World Bank has approved a new initiative to support Moldova's economic growth and energy security.
U.S., Sri Lanka enhance port security with new radiation detection equipment
By Globe Banner | May 8, 2025
U.S. Ambassador to Sri Lanka Julie Chung commissioned new radiation detection equipment at the Port of Colombo on March 28.
Pope Leo XIV elected as new leader of Catholic Church
By Globe Banner | May 8, 2025
Pope Leo XIV has been elected as the 267th successor to Saint Peter, marking a significant moment for the Catholic Church.
U.S. Consulate Lahore issues security alert amid drone incidents
By Globe Banner | May 8, 2025
The U.S. Consulate General in Lahore has issued a security alert following reports of drone explosions, downed drones, and potential airspace incursions in and around the city.
IMF deputy managing director concludes visit to San Marino with positive remarks
By Globe Banner | May 8, 2025
Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), concluded his visit to San Marino with a statement reflecting on the country's economic progress and future challenges.
UN Security Council renews mandate for peacekeeping mission in South Sudan
By Globe Banner | May 8, 2025
The United Nations Security Council has renewed the mandate of the UN Peacekeeping Mission in South Sudan (UNMISS) amid escalating violence and tensions in the country.
UN emphasizes national ownership in 2025 Peacebuilding Architecture Review
By Globe Banner | May 8, 2025
Thank you, Madam Chair, and thanks also to the co-conveners, the esteemed President of the General Assembly, and the distinguished President of the Security Council.
UOB launches artist alumni network alongside opening of painting competition
By Globe Banner | May 8, 2025
UOB recently initiated its Artist Alumni Network with a sharing session as it launched the 2025 UOB Painting of the Year (POY) competition.
American students complete cultural exchange year in Indonesia through YES Abroad
By Globe Banner | May 8, 2025
After a year of cultural exchange and learning, five American high school students concluded their time in Indonesia as part of the YES Abroad Program.
US-Ukraine partnership launched for reconstruction investment fund
By Globe Banner | May 8, 2025
Under the leadership of President Donald J. Trump, the United States and Ukraine have entered into a new agreement to establish a partnership focused on Ukraine's reconstruction and economic development.
Sun Life announces dividend increase and preferred share payouts for Q2 2025
By Globe Banner | May 8, 2025
The Board of Directors of Sun Life Financial Inc. announced a dividend increase for its common shares, now set at $0.88 per share.
United States discusses legal models for space resource activities at COPUOS session
By Globe Banner | May 8, 2025
The United States has articulated its stance on the potential legal frameworks for space resource activities during the 64th session of the COPUOS Legal Subcommittee.
Sun Life intends to renew share buyback program pending regulatory approval
By Globe Banner | May 8, 2025
Sun Life Financial Inc. has announced its intention to renew its normal course issuer bid, pending approval from the Office of the Superintendent of Financial Institutions (OSFI) and the Toronto Stock Exchange (TSX).
FSB Regional Consultative Group discusses global financial vulnerabilities and tokenization
By Globe Banner | May 8, 2025
Members of the Financial Stability Board's (FSB) Regional Consultative Group for Europe convened in Wroclaw to discuss key issues impacting global financial stability.
IMF concludes discussions on Eastern Caribbean Currency Union policies
By Globe Banner | May 8, 2025
The Executive Board of the International Monetary Fund (IMF) has concluded its Article IV consultation with the member countries of the Eastern Caribbean Currency Union (ECCU).
UBS reports Q1 results; outlines future challenges post-Credit Suisse acquisition
By Globe Banner | May 8, 2025
UBS AG has released its financial report for the first quarter of 2025.
Belgium introduces 'check the call' feature to combat fraud
By Globe Banner | May 8, 2025
Belgium has introduced a new feature called 'check the call' aimed at combating fraud.
US Coast Guard conducts first leadership course for Philippine Coast Guard
By Globe Banner | May 8, 2025
The United States Coast Guard (USCG) Southeast Asia Training Team recently concluded its first Leadership and Management School (LAMS) course in Southeast Asia, targeting members of the Philippine Coast Guard (PCG).
World Bank signs agreements with Bulgaria to boost education and business
By Globe Banner | May 8, 2025
The World Bank and the Bulgarian government have signed two agreements aimed at enhancing education and supporting small businesses in Bulgaria.
KfW Group reports steady start to Q1 despite global challenges
By Globe Banner | May 8, 2025
KfW Group has reported a promising start to 2025, despite ongoing geopolitical challenges.