News from 2025
U.S. economy grows at annual rate of 3.8% in second quarter of 2025
By Globe Banner | Sep 25, 2025
Real gross domestic product (GDP) in the United States grew at an annual rate of 3.8 percent in the second quarter of 2025, according to the third estimate released by the U.S. Bureau of Economic Analysis (BEA).
BMO survey finds young American families face growing multigenerational financial pressures
By Globe Banner | Sep 25, 2025
American families are increasingly facing complex financial responsibilities that span multiple generations, according to new data from the BMO Real Financial Progress Index.
IMF reviews Qatari economy as non-hydrocarbon sectors drive growth
By Globe Banner | Sep 25, 2025
An International Monetary Fund (IMF) team led by Nathan Porter concluded a visit to Doha, Qatar, from September 8 to 17, 2025.
Barclays report suggests increased SME investment could add £60 billion annually to UK economy
By Globe Banner | Sep 25, 2025
Barclays has released a new report indicating that if small and medium-sized enterprises (SMEs) in the UK increased their investment rates to match those of larger companies, it could generate an additional £60 billion per year for the UK economy.
U.S. Embassy issues alert over protests in Lilongwe’s Old Town
By Globe Banner | Sep 25, 2025
The U.S. Embassy in Lilongwe has advised American citizens to exercise increased caution due to ongoing protests in the Old Town area of the city.
Ambassador Aubin discusses collaboration opportunities during visit to Tebessa
By Globe Banner | Sep 25, 2025
Ambassador Elizabeth Aubin visited Tebessa, where she met with Wali Ahmed Belhadad to discuss potential areas of cooperation between the United States and Algeria.
DB Insurance announces acquisition agreement with U.S.-based specialty insurer Fortegra
By Globe Banner | Sep 25, 2025
DB Insurance has announced an agreement to acquire Fortegra, a specialty insurer based in Jacksonville, Florida.
IMF reviews economic challenges facing Vanuatu after earthquake and airline collapse
By Globe Banner | Sep 25, 2025
The Executive Board of the International Monetary Fund (IMF) has concluded its 2025 Article IV Consultation with Vanuatu, endorsing the staff appraisal through a lapse-of-time procedure.
Meta launches Vibes for creating short-form AI-generated videos
By Globe Banner | Sep 25, 2025
Meta has introduced a new feature called Vibes, available as an early preview in the Meta AI app and on meta.ai.
Howden Re leaders discuss rising risks from ‘forever chemicals’ for European insurance
By Globe Banner | Sep 25, 2025
Wolfram-Ferdinand Shultz, Head of Casualty Treaty for Continental Europe at Howden Re, and Kalle Pohls, Head of Liability and Claims at Howden, have discussed the growing implications of per- and polyfluoroalkyl substances (PFAS), also known as...
US, Lao and Thai officials meet to strengthen cross-border crime prevention
By Globe Banner | Sep 25, 2025
Law enforcement officials from Laos, Thailand, and the United States met in Nongkhai Province, Thailand, from September 23-24, 2025, to strengthen regional cooperation against transnational crime.
HSBC and IBM achieve breakthrough in applying quantum computing to bond trading
By Globe Banner | Sep 25, 2025
HSBC and IBM have reported a significant advance in the use of quantum computing for financial services.
Stripe CEO on tort costs: 'Costs and compensation paid in the U.S. tort system reached over $529 billion'
By Globe Banner Reports | Sep 25, 2025
Patrick Collison, CEO of Stripe, said that U.S. tort costs have surged to $529 billion in 2022, outpacing GDP growth and raising concerns about the personal injury sector's scale.
Macquarie Group pledges full repayment for Shield Master Fund investors
By Globe Banner | Sep 25, 2025
Macquarie Group has announced it will facilitate the repayment of 100% of the net capital invested in the Shield Master Fund by clients who invested through its wrap platform.
U.S. Embassy in Freetown schedules online auction of equipment and household goods
By Globe Banner | Sep 25, 2025
The U.S. Embassy in Freetown has announced an upcoming online auction of various items, including IT equipment, household furniture, appliances, bedding, and kitchen items.
NCUA stops using reputational risk in supervisory process following executive order
By Globe Banner | Sep 25, 2025
The National Credit Union Administration (NCUA) has announced it will no longer use reputation risk or similar concepts in its examination and supervisory process.
Samsung launches TRUEBench benchmark for evaluating real-world AI productivity
By Globe Banner | Sep 25, 2025
Samsung Electronics has announced the launch of TRUEBench, a new benchmark developed by Samsung Research to assess AI productivity in real-world scenarios.
WTO prepares e-commerce agenda ahead of upcoming ministerial conference
By Globe Banner | Sep 25, 2025
WTO members are preparing to advance discussions on electronic commerce ahead of the 14th Ministerial Conference (MC14), scheduled for March 26-29, 2026, in Yaoundé, Cameroon.
U.S. sanctions six targets over North Korean arms sales linked to Burma
By Globe Banner | Sep 25, 2025
The United States has imposed sanctions on six targets involved in generating revenue for North Korea, specifically focusing on the procurement of military materiel for Burma’s military regime.
Jarad Madea discusses M&A trends and capital markets innovation at Monte Carlo conference
By Globe Banner | Sep 25, 2025
Jarad Madea, CEO of Howden Capital Markets and Advisory, discussed the evolving landscape of capital markets and mergers and acquisitions (M&A) in the reinsurance sector during an interview with Richard Banks of AM Best TV at the Rendez-Vous de...