Economics News
CEO of Binance on crypto market turbulence: 'A tactical retreat, not a reversal'
Richard Teng, CEO of Binance, addressed the recent downturn in cryptocurrency markets, emphasizing that it should not be viewed as a structural decline but rather as a temporary retreat.
By Globe Banner | Feb 26, 2025
South Korea’s FIU sanctions Upbit over unauthorized crypto transactions
South Korea’s Financial Intelligence Unit (FIU) has announced a three-month partial business suspension on Upbit, citing violations related to transactions with unregistered virtual asset service providers.
By Globe Banner | Feb 25, 2025
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CZ on Hong Kong crypto: 'The regulators approved the BNB listing'
By Globe Banner | Feb 24, 2025
Changpeng Zhao, commonly known as CZ, co-founder of Binance, a global cryptocurrency exchange, announced that BNB was listed on a Hong Kong exchange with regulatory approval.
Bybit security breach leads to $1.46B crypto theft
By Globe Banner | Feb 24, 2025
Bybit has announced that an Ethereum cold wallet was compromised in a sophisticated attack, leading to the theft of cryptocurrency.
IMF concludes Article IV consultation with Angola: Economic recovery amidst persistent challenges
By Globe Banner | Feb 24, 2025
The International Monetary Fund (IMF) Executive Board has concluded its 2024 Article IV consultation with Angola.
IMF concludes Article IV consultation with Thailand amid gradual economic recovery
By Globe Banner | Feb 20, 2025
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.
CZ on aid for Argentinian rug pull victims: 'Sent 150 BNB. Good luck'
By Globe Banner | Feb 18, 2025
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.
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."