News published on Globe Banner in May 2025

News from May 2025


Societe Generale initiates search for new woman director following resignation

The Board of Directors of Societe Generale has announced the resignation of Mrs. Béatrice Cossa-Dumurgier from her position as Director, effective immediately.


World Bank and KfW collaborate on resilient recovery in Mozambique

In the aftermath of Cyclones Idai and Kenneth in 2019, Mozambique faced significant challenges as it sought to recover from the widespread devastation.


Indonesian youth leaders complete YSEALI fellowship in US

On May 22, 2025, a group of 44 young leaders from Indonesia returned home after participating in the Young Southeast Asian Leaders Initiative (YSEALI) Academic Fellows Program.


World Bank debars Philippine firm over collusion in development project

The World Bank Group has announced a 4.5-year debarment of L.S.D. Construction & Supplies, a construction company based in the Philippines.


Romania signs letters to explore ammunition co-production with U.S

The U.S. Embassy has acknowledged the Romanian Ministry of Economy's signing of two Letters of Request (LOR) for Letters of Offer and Acceptance (LOA).


Thailand opens new demining center with support from US

Ratchaburi, Thailand: On May 27, 2025, the Thailand Mine Action Center (TMAC), in collaboration with the United States Department of Defense, inaugurated its new Center of Excellence on Humanitarian Demining Missions.


U.S. Embassy in Maputo invites bids for condenser coil supply

The U.S. Embassy in Maputo has issued an invitation for quotations regarding the supply of a condenser coil.


NVIDIA reports Q1 fiscal 2026 results amid export challenges

NVIDIA has released its financial results for the first quarter of fiscal 2026, revealing a revenue of $44.1 billion, marking a 12% increase from the previous quarter and a 69% rise compared to the same period last year.


Malawi joins global effort as 100th member accepting fisheries subsidies agreement

Malawi has become the 100th member of the World Trade Organization (WTO) to formally accept the Agreement on Fisheries Subsidies.


UN highlights Liberia's peacebuilding efforts amidst ongoing challenges

The United Nations Peacebuilding Commission recently held a discussion focused on Liberia, addressing various issues related to peacebuilding and the country's ongoing challenges.


Application opens for 2026-27 Hubert H. Humphrey Fellowship Program

The application period for the 2026-27 Hubert H. Humphrey Fellowship Program is now open, with submissions closing on July 15, 2025.


Hubert Humphrey Fellowship invites applications for 2026-27 academic year

The Hubert Humphrey Fellowship Program offers mid-career professionals from specific countries the opportunity to spend a year in the United States.


Indonesia showcases biotech advances at agricultural event

On May 22, U.S. Embassy Jakarta Chargé d’Affaires Heather C. Merritt participated in the Indonesia Agricultural Biotechnology Showcase organized by the U.S. Embassy in collaboration with Indonesia’s Biosafety Commission (KKH).


U.S. warns against travel to Venezuela due to severe risks

The U.S. government has issued a stern warning to its citizens, advising against travel to Venezuela due to significant risks.


IMF releases findings from UK's 2025 Article IV Mission

May 27, 2025 The International Monetary Fund (IMF) has released its preliminary findings following the 2025 Article IV Mission to the United Kingdom.


U.S. congressional delegation visits Taiwan for high-level discussions

U.S. Representative Bruce Westerman is leading a congressional delegation to Taiwan from May 27 to 29, 2025.


KfW releases 18th evaluation report highlighting financial cooperation project outcomes

KfW Development Bank has released its 18th Evaluation Report, titled "Evaluate.


Maritime safety sees improvement but challenges remain says Allianz report

Allianz Commercial has released its annual Safety and Shipping Review for 2025, highlighting trends in maritime losses and the challenges facing the shipping industry.


Economic concerns drive changes in employee retirement contribution habits

Morgan Stanley at Work, in collaboration with Morgan Stanley Institutional Consulting Solutions, has released data from its fifth annual State of the Workplace Financial Benefits Study.


U.S. issues level 4 travel warning for Venezuela amid rising security threats

The U.S. government has issued a stern warning to its citizens, advising against travel to Venezuela due to significant safety concerns.