Economics News
Binance founder: 'We hold our profits in crypto,' 'we believe that crypto longer term will rise higher'
Changpeng "CZ" Zhao, founder of Binance, said that the company remains committed to holding profits in cryptocurrency and is confident in the sector's long-term prospects despite price fluctuations.
By Globe Banner | Jul 9, 2025
IMF concludes sixth review of Cabo Verde's credit facility
The International Monetary Fund (IMF) Executive Board has concluded the sixth review under the Extended Credit Facility (ECF) arrangement for Cabo Verde, initially approved on June 15, 2022.
By Globe Banner | Jul 9, 2025
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IMF completes third review of Somalia's economic reform program
By Globe Banner | Jul 9, 2025
The International Monetary Fund (IMF) Executive Board has completed the third review of Somalia's economic reform program under the Extended Credit Facility (ECF).
IMF concludes Article IV consultation with Iraq amid economic challenges
By Globe Banner | Jul 9, 2025
The Executive Board of the International Monetary Fund (IMF) has concluded its Article IV consultation with Iraq, endorsing the staff appraisal without a formal meeting.
IMF outlines strategies for stabilizing sub-Saharan Africa's public debts
By Globe Banner | Jul 8, 2025
Successful debt stabilization in sub-Saharan Africa requires strengthening public finances and institutions, alongside structural reforms and a stable macroeconomic environment.
IMF completes fourth review under ECF arrangement with Ghana
By Globe Banner | Jul 7, 2025
The International Monetary Fund (IMF) Executive Board has completed the fourth review of Ghana's Extended Credit Facility (ECF) Arrangement, originally approved in May 2023.
BlackRock announces acquisition agreement with real estate firm ElmTree Funds
By Globe Banner | Jul 7, 2025
BlackRock, Inc. has announced a definitive agreement to acquire ElmTree Funds, a real estate investment firm with $7.3 billion in assets under management as of March 31, 2025.
Nigeria continues economic reforms amid persistent challenges
By Globe Banner | Jul 7, 2025
Nigeria has been implementing reforms over the past two years to address long-standing economic challenges.
IMF concludes Article IV consultation with Austria amid challenging economic conditions
By Globe Banner | Jul 3, 2025
The International Monetary Fund (IMF) Executive Board has concluded its Article IV consultation with Austria.
IMF approves fourth review of Extended Fund Facility for Sri Lanka
By Globe Banner | Jul 3, 2025
The International Monetary Fund (IMF) Executive Board has completed the fourth review under the Extended Fund Facility (EFF) arrangement with Sri Lanka.
Toyota ranks among Canada's top ten respected companies
By Globe Banner | Jul 3, 2025
Toyota has been recognized as one of the top ten most respected companies in Canada, according to Leger's annual Reputation Study.
IMF concludes Article IV consultation with Denmark highlighting economic resilience
By Globe Banner | Jul 3, 2025
The International Monetary Fund (IMF) Executive Board has completed its Article IV Consultation with Denmark, endorsing the staff appraisal without a formal meeting.
IMF completes reviews for Mauritania’s extended credit facilities
By Globe Banner | Jul 3, 2025
The International Monetary Fund (IMF) Executive Board has completed the fourth reviews of Mauritania's Extended Credit Facility (ECF) and Extended Fund Facility (EFF), as well as the third review under the Resilience and Sustainability Facility...
U.S trade deficit widens as exports decline sharply
By Globe Banner | Jul 3, 2025
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis reported that the United States' goods and services deficit increased to $71.5 billion in May, a rise of $11.3 billion from April's revised figure of $60.3 billion.
IMF completes second review of credit facilities with Madagascar
By Globe Banner | Jul 3, 2025
The International Monetary Fund (IMF) Executive Board has completed the second reviews under both the Extended Credit Facility (ECF) and the Resilience and Sustainability Facility (RSF) arrangements with Madagascar.
IMF completes third review under ECF arrangement for Ethiopia
By Globe Banner | Jul 2, 2025
The International Monetary Fund (IMF) Executive Board has completed the third review under the Extended Credit Facility (ECF) arrangement for Ethiopia and concluded the 2025 Article IV consultation.
IMF completes first review for DRC's credit facility amid regional conflict
By Globe Banner | Jul 2, 2025
The International Monetary Fund (IMF) Executive Board has completed the first review under the Extended Credit Facility (ECF) Arrangement for the Democratic Republic of the Congo (DRC), initially approved on January 15, 2025.
Toyota Canada reports increased vehicle sales in second quarter
By Globe Banner | Jul 2, 2025
Toyota Canada Inc. (TCI) reported a notable increase in sales for the second quarter of 2025, with a total of 73,346 vehicles sold, marking an 8.6% rise compared to the previous year.
IMF discusses economic opportunities during Article IV mission to Timor-Leste
By Globe Banner | Jul 2, 2025
An International Monetary Fund (IMF) team, led by Yan Carrière-Swallow, visited Dili from June 19 to July 2 for the 2025 Article IV consultation with Timor-Leste.
IMF highlights Curaçao's economic growth driven by tourism; risks remain
By Globe Banner | Jul 2, 2025
Curaçao's economic landscape has experienced notable growth, with a 5 percent expansion in 2024 driven by robust tourism activity.