News from 2025
BMO reduces US dollar prime lending rate to 7.25 percent
By Globe Banner | Sep 17, 2025
BMO announced it will lower its US dollar prime lending rate from 7.50 percent to 7.25 percent, effective September 18, 2025.
Howden Re leaders discuss alternative capital's impact on reinsurance stability
By Globe Banner | Sep 17, 2025
Executives from Howden Re and Howden Capital Markets & Advisory (HCMA) discussed trends in the reinsurance market during an interview with The Insurer TV at the Rendez-Vous de Septembre event.
Bank of America raises U.S. minimum wage to $25 an hour
By Globe Banner | Sep 17, 2025
Bank of America announced it will raise its U.S. minimum hourly wage to $25 per hour, with the change taking effect in early October.
WTO: Artificial intelligence could raise global trade by over one-third by 2040
By Globe Banner | Sep 17, 2025
Global trade could increase by up to 37 percent by 2040 if economies address gaps in access to artificial intelligence, according to the World Trade Organization’s (WTO) World Trade Report 2025.
Meta unveils Oakley Meta Vanguard AI sports glasses for high-intensity athletic performance
By Globe Banner | Sep 17, 2025
Meta has announced the expansion of its Performance AI glasses line with the introduction of Oakley Meta Vanguard, a new product designed for high-intensity sports.
Ambassador Rana discusses U.S.-Slovakia partnership on cyber policy at Bratislava Legal Forum
By Globe Banner | Sep 17, 2025
Ambassador Gautam Rana addressed the Bratislava Legal Forum, discussing the challenges and opportunities posed by rapid technological advancements in cybersecurity and artificial intelligence (AI).
Andrew Puzder begins tenure as U.S. ambassador to European Union
By Globe Banner | Sep 17, 2025
Andrew Puzder has assumed his role as the United States Ambassador to the European Union, arriving in Brussels in August 2025.
IMF appoints Nigel Chalk as director of Western Hemisphere Department
By Globe Banner | Sep 17, 2025
Nigel Chalk has been named as the new Director of the International Monetary Fund’s Western Hemisphere Department, according to an announcement by IMF Managing Director Kristalina Georgieva.
DTEK and Fluence complete battery storage project supporting Ukrainian power grid
By Globe Banner | Sep 17, 2025
DTEK, a Ukrainian energy company, and the American firm Fluence have completed a battery energy storage systems (BESS) project aimed at providing reliable power to homes in Ukraine.
Secretary Rubio meets Qatari leaders to discuss regional stability and bilateral ties
By Globe Banner | Sep 17, 2025
Secretary of State Marco Rubio held talks in Doha with Qatari Amir Sheikh Tamim bin Hamad Al Thani and Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al Thani.
Howden Re leaders highlight international growth amid shifting reinsurance landscape
By Globe Banner | Sep 17, 2025
Howden Re International’s CEO, Massimo Reina, and Deputy CEO, Sebastian Cooke, discussed the company’s recent growth and the changing reinsurance market in an interview with The Insurer.
Swiss Re forecasts GLP-1 drugs may cut US mortality by up to 6.4 percent by 2045
By Globe Banner | Sep 17, 2025
Swiss Re has released new research indicating that the adoption of GLP-1 weight-loss drugs could significantly reduce mortality rates in the United States and United Kingdom over the next two decades.
State Department adds new online resources for Americans living abroad
By Globe Banner | Sep 17, 2025
The State Department has updated its international travel website to include a section specifically for Americans residing outside the United States.
World Trade Organization appoints Robert W. Staiger as new Chief Economist
By Globe Banner | Sep 17, 2025
Professor Robert W. Staiger has been appointed as the new Chief Economist and Director of the Economic Research and Statistics Division (ERSD) at the World Trade Organization, according to an announcement made by the Director-General.
Secretary Hegseth and Chinese defense minister discuss Asia-Pacific interests
By Globe Banner | Sep 17, 2025
On September 9, Secretary of War Pete Hegseth held a call with Admiral Dong Jun, China’s Minister of National Defense.
IMF board reviews Lithuania’s economic outlook following Article IV consultation
By Globe Banner | Sep 17, 2025
The Executive Board of the International Monetary Fund (IMF) completed its Article IV Consultation with the Republic of Lithuania on September 8, 2025.
Secretary Rubio discusses bilateral and regional issues with Chinese Foreign Minister Wang Yi
By Globe Banner | Sep 17, 2025
Secretary of State Marco Rubio held a conversation with China’s Director of the Office of the CCP Central Foreign Affairs Commission and Foreign Minister Wang Yi.
Axis Capital declares dividends and approves new $400 million share repurchase plan
By Globe Banner | Sep 17, 2025
AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share, which will be payable on October 17, 2025, to shareholders who are on record as of September 30, 2025.
DBS opens Jurong hub office during second Regenerative Festival focused on SME sustainability
By Globe Banner | Sep 17, 2025
DBS has launched the second edition of its DBS Regenerative Festival, an event aimed at helping small and medium-sized enterprises (SMEs) in Singapore adopt sustainable business practices.
U.S., Sri Lanka open new English language lab at naval academy
By Globe Banner | Sep 17, 2025
The U.S. Embassy in Sri Lanka and the Sri Lanka Navy have opened a new English Language Lab at the Naval and Maritime Academy in Trincomalee.