Latest News
Omni Hotels welcomes new chief commercial officer
By Globe Banner | Jan 10, 2024
Jeff Doane has been appointed as the chief commercial officer of Omni Hotels and Resorts. With over twenty years of experience in the hospitality industry, Doane's portfolio includes tenures at Fairmont Raffles Hotels International and Accor North America, where he also served as the chief commercial officer.
MedMen Enterprises announces exit of Arizona cannabis market
By Globe Banner | Jan 8, 2024
Subject to regulatory approval, the asset sale of MedMen to MINT Cannabis in Nevada is set to be finalized. The cannabis firm operates in several states including California, Illinois, Massachusetts, and New York.
Ryan Specialty Holdings announces changes to the board of directors
By Globe Banner | Jan 2, 2024
The specialty insurance firm recently declared that William J. Devers, after a decade of service on the board of directors, vacated his position last month. In the wake of this departure, Pat Ryan Jr. was appointed to the board this week.
International Monetary Fund completes fifth review of Costa Rica’s Extended Fund Facility Agreement
By Globe Banner | Jan 1, 2024
The International Monetary Fund (IMF) has completed the country’s Extended Fund Facility (EFF) agreement, enabling a disbursement of funds. The IMF also confirmed the completion of the second review of Costa Rica’s Resilience and Sustainability Facility (RSF) arrangement.
Level Access and UserWay agree to acquisition
By Globe Banner | Dec 31, 2023
The recent acquisition of UserWay by Level Access is set to merge the digital accessibility solutions of Level Access with the accessibility AI technology of UserWay. This consolidation is anticipated to bolster the comprehensive digital accessibility solutions currently offered by Level Access.
Parkland Corporation announces departure of two board members
By Globe Banner | Dec 31, 2023
Michael Christiansen and Marc Halley have stepped down from the board of directors at Parkland Corporation. Both were nominated for election to the Board in March 2023.
tMedia Consulting creates AI-driven program to help clients grow
By Globe Banner | Dec 31, 2023
Boston-based inbound marketing and advertising agency, tMedia Consulting, has unveiled a new lead generation program designed to help clients meet their growth objectives through the power of artificial intelligence (AI). The program offers personalized communication and targeted outreach to enhance lead quality and boost conversion rates.
Farmland Partners Inc. announces change to Board of Directors
By Globe Banner | Dec 31, 2023
Murray Wise, the founder of Westchester Group and Murray Wise Associates, has announced his intention to resign from the Board of Directors in January. His company was acquired by Farmland Partners International (FPI) in November 2021.
World Trade Organization fisheries subsidies chair circulates draft document to prevent overcapacity and overfishing
By Globe Banner | Dec 27, 2023
Iceland's Ambassador Einar Gunnarsson has shared a new document aimed at reducing subsidies that contribute to overcapacity and overfishing. The draft text, guided by member proposals and discussions, may serve as a reference for the fisheries subsidies negotiations committee in their deliberations next month.
BusinessEurope Urges EU to Address Industry Concerns on Platform Work Directive
By Globe Banner | Dec 20, 2023
BusinessEurope Director General Markus J. Beyrer has expressed industry concerns ahead of the EU Member States meeting on the Platform Work Directive proposal. Beyrer emphasized that the "presumption of employment and additional regulatory burdens remain the key industry concerns around the Platform Work Directive."Beyrer highlighted the importance of resolving key issues surrounding the proposed rebuttable presumption of employment, stating that it should respect the principles of proportionality and subsidiarity. He also stressed the need for Member States to have the...
Jacobs Solutions joins Joint Venture Prosperity as service provider to Sunwater Limited
By Globe Banner | Dec 19, 2023
Jacobs Solutions has announced a five-year partnership with Sunwater Limited of Queensland, Australia, as part of the Prosperity Joint Venture with AECOM. The contract involves providing engineering consulting support for Sunwater’s projects across various disciplines, including the upgrade of six dams over the next 12 years.
Quadient, Xero announce integration to simplify accounting for businesses
By Globe Banner | Dec 19, 2023
Quadient, a financial firm based in Paris, has announced its integration with Xero to enhance the accounts payable processes for small and medium-sized businesses. Quadient's Accounts Payable automation is increasingly being acknowledged for its ability to assist business owners with their accounting tasks.
BusinessEurope Reacts to Packaging and Packaging Waste Regulation Proposal
By Globe Banner | Dec 19, 2023
BusinessEurope Reacts to Packaging and Packaging Waste Regulation ProposalDec 19 2023Commenting on the Environment Council’s agreement on a General Approach on the proposal for a Packaging and Packaging Waste Regulation, BusinessEurope Director General Markus J. Beyrer highlighted the importance of both reuse and recycling in managing packaging waste. Beyrer stated, “Reuse and recycling of packaging waste are two sides of the same coin, and this should be better reflected in the regulation.”Beyrer emphasized that while reusable packaging can be a sustainable waste...
Somalia receives 4.5 billion in debt relief from International Monetary Fund, World Bank
By Globe Banner | Dec 17, 2023
Somalia has reached the completion point of the Heavily Indebted Poor Countries (HIPC) Initiative, leading to significant debt service savings from the World Bank and International Monetary Fund (IMF). These savings are intended to bolster the nation's economy and provide access to additional resources. This announcement coincides with the sixth review of Somalia's Extended Credit Facility arrangement with the IMF.
Al-Jadaan named chair of the International Monetary and Financial Committee
By Globe Banner | Dec 14, 2023
The International Monetary and Financial Committee (IMFC) has selected Mohammed Al-Jadaan as its new chair. Al-Jadaan will assume this role for a three-year term, commencing in January.
IMF reacts to the actions of Argentina's new Economy Minister Luis Caputo
By Globe Banner | Dec 14, 2023
The International Monetary Fund (IMF) has issued a statement following reports that Argentina's new Economy Minister, Luis Caputo, has taken measures to bolster the country's economy. Reports suggest that Caputo has reduced the value of the peso among other actions.
BusinessEurope Director General Expresses Concerns Over EU Product Liability Directive Revision
By Globe Banner | Dec 14, 2023
BusinessEurope Director General Markus J. Beyrer has expressed strong reservations about the recent political deal on the EU Product Liability Directive. Beyrer stated, "European industry has serious concerns over the revision of the EU Product Liability Directive."Beyrer further highlighted the concerns of the business community regarding the scope of the revision aimed at addressing new technologies. He mentioned, "The broad scope of this revision aimed at addressing new technologies raises serious concerns among the business community. We recognise the importance of...
Real PCE rises in most states; real income declines nationwide
By Globe Banner | Dec 14, 2023
The U.S. Bureau of Economic Analysis (BEA) has released data indicating that real personal consumption expenditures (PCE) increased in 42 states and the District of Columbia during 2022.
EU due diligence could leave companies between a rock and a hard place
By Globe Banner | Dec 12, 2023
Decisive political negotiations on the EU’s Corporate Sustainability Due Diligence Directive are set to commence, with EU co-legislators aiming to finalize a deal on the Corporate Sustainability and Due Diligence Directive. BusinessEurope Director General Markus J. Beyrer expressed concerns about the current state of affairs, stating, "We are still far from the workable and clear rules which EU businesses need to properly apply due diligence across their value chains, leaving companies between a rock and a hard place."Beyrer highlighted the potential repercussions of the...
BusinessEurope Reacts to Political Deal on EU AI Act
By Globe Banner | Dec 11, 2023
BusinessEurope Reacts to Political Deal on EU AI ActDec 11, 2023In response to the historical political deal reached by EU co-legislators on the AI Act, Director General of BusinessEurope Markus J. Beyrer expressed concerns regarding the potential impact on companies and AI investments in Europe. Beyrer stated, "The potential lack of legal certainty is a concern for companies and may hamper AI investments in Europe, hurting our global competitiveness."Beyrer further commented on the necessity of a comprehensive rulebook on AI, acknowledging the positive step taken...