Economics News
IMF concludes Article IV consultation with Thailand amid gradual economic recovery
The Executive Board of the International Monetary Fund (IMF) recently completed its 2024 Article IV consultation with Thailand, approving the staff appraisal without convening a formal meeting.
By Globe Banner | Feb 20, 2025
CZ on aid for Argentinian rug pull victims: 'Sent 150 BNB. Good luck'
Changpeng Zhao, commonly known as CZ, co-founder and former CEO of Binance, announced that he sent 150 BNB to support an initiative aiding victims of the Argentine President's $Libra currency incident.
By Globe Banner | Feb 18, 2025
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EU regulator moves to standardize crypto staff training and expertise
By Globe Banner | Feb 18, 2025
The European Securities and Markets Authority (ESMA) has proposed new guidelines to assess the knowledge and competence of staff at crypto asset service providers under the Markets in Crypto-Assets Regulation (MiCA).
IMF concludes Article IV mission assessing economic challenges facing Maldives
By Globe Banner | Feb 18, 2025
An International Monetary Fund (IMF) mission, led by Ms.
CEO of AUSTRAC on non-AML compliant crypto exchanges: They 'can expect to hear from us'
By Globe Banner | Feb 17, 2025
Brendan Thomas, CEO of the Australian Transaction Reports and Analysis Centre (AUSTRAC), announced that the agency is intensifying its enforcement actions against cryptocurrency exchanges that fail to comply with anti-money laundering (AML)...
Saudi Finance Ministry and IMF collaborate on recovery plans for conflict-hit Middle East
By Globe Banner | Feb 17, 2025
On February 16, 2025, during the inaugural global Conference on Emerging Market Economies in Al Ula, Saudi Arabia, a high-level roundtable was co-hosted by the Saudi Finance Ministry and the International Monetary Fund (IMF).
Saudi Arabia hosts inaugural conference on emerging market economies
By Globe Banner | Feb 17, 2025
A two-day conference on Emerging Market Economies took place in Al Ula, Saudi Arabia, from February 16-17, 2025.
Emerging market economies gather at Al Ula conference amid global economic shifts
By Globe Banner | Feb 16, 2025
The Al Ula Conference for Emerging Market Economies commenced with opening remarks highlighting the critical issues facing emerging markets today.
IMF concludes visit to Ghana discussing economic policies
By Globe Banner | Feb 14, 2025
An International Monetary Fund (IMF) team, led by Stéphane Roudet, visited Ghana from February 10 to 14 as part of their regular engagement with the country's authorities and stakeholders.
U.S. Attorney on crypto exchange: 'For years, KuCoin avoided implementing required anti-money laundering policies'
By Globe Banner | Feb 13, 2025
Danielle Sassoon, an attorney for the Southern District of New York, said that KuCoin, a global cryptocurrency exchange, pleaded guilty to operating an unlicensed exchange after failing to implement required anti-money laundering and...
Global economy shows resilience amid widening country divergences
By Globe Banner | Feb 13, 2025
The 7th IMF-JICA Conference was held on February 13, 2025, with key figures including President Tanaka and Vice Minister Mimura in attendance.
IMF discusses staff-monitored program with Zimbabwean authorities amid economic recovery
By Globe Banner | Feb 13, 2025
February 13, 2025 In Harare, Zimbabwe, an International Monetary Fund (IMF) team led by Wojciech Maliszewski completed discussions on a Staff-Monitored Program (SMP) with Zimbabwean authorities.
UPS to close up to 10% of facilities, cut fleet size, and reduce workforce in network overhaul
By A. R. Bamburg | Feb 12, 2025
United Parcel Service (UPS) announced plans to consolidate facilities, reduce fleet size, and implement workforce cuts in its January 30 earnings report.
Binance becomes the largest USDC market with record $24bn weekly volume
By Globe Banner | Feb 12, 2025
Kaiko announced that Binance has become the largest USDC market, reaching $24 billion in weekly trading volume and capturing 49% of global USDC trade, its highest share since September 2022.
BusinessEurope urges EU for bolder actions in 2025 work programme
By Globe Banner | Feb 12, 2025
BusinessEurope has expressed support for the European Commission's 2025 Work Programme, which aims to enhance Europe's competitiveness with a focus on creating a "bolder, simpler and faster Union."
IMF outlines key economic challenges facing Eastern Caribbean Currency Union
By Globe Banner | Feb 12, 2025
The International Monetary Fund (IMF) has released a concluding statement following its 2025 mission to the Eastern Caribbean Currency Union (ECCU).
BlackRock Foundation funds workforce training in rural NC
By Globe Banner | Feb 12, 2025
The BlackRock Foundation has announced a $1 million grant to Per Scholas North Carolina, aiming to bolster workforce training in rural communities impacted by Hurricane Helene.
CEO of Crypto Council for Innovation: 'SEC initiated more than 125 enforcement actions' but issued 'no clear guidance or rulemakings'
By Globe Banner | Feb 11, 2025
Ji Hun Kim, President and Acting CEO of the Crypto Council for Innovation (CCI), said that the U.S. Securities and Exchange Commission (SEC) has initiated more than 125 enforcement actions against digital asset firms without providing clear...
Binance launches USD bank transfers for corporate crypto transactions
By Globe Banner | Feb 11, 2025
Binance has announced the launch of a USD bank transfer solution for corporate users in selected Asia-Pacific (APAC) and South Asia regions.
IMF highlights Andorra's strong economy but warns of long-term challenges
By Globe Banner | Feb 11, 2025
The International Monetary Fund (IMF) has released its concluding statement following the 2025 Article IV mission to Andorra, highlighting the country's economic performance and challenges.