Latest News
U.S trade deficit widens to $84 Billion in September amid rising imports
By Globe Banner | Nov 5, 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis have reported an increase in the goods and services deficit for September 2024, reaching $84.4 billion.
BusinessEurope urges EU action amid slow economic growth projections
By Globe Banner | Nov 4, 2024
Ahead of the Macroeconomic Dialogue with social partners and EU institutions, BusinessEurope has released its latest Economic Outlook.
IMF reaches agreement on second review of credit facility for The Gambia
By Globe Banner | Nov 4, 2024
An International Monetary Fund (IMF) team, led by Ms.
IMF expands board with third African chair after regular election
By Globe Banner | Nov 1, 2024
IMF member countries have elected an expanded Executive Board, now comprising 25 Executive Directors.
IMF concludes Article IV consultation with Mexico amid economic slowdown
By Globe Banner | Nov 1, 2024
On October 30, the Executive Board of the International Monetary Fund (IMF) completed its Article IV consultation and mid-term review under the Flexible Credit Line (FCL) Arrangement with Mexico.
Ripple Labs challenges SEC’s ruling on XRP sales classification
By R. B. Pepalis | Oct 31, 2024
On October 25, Ripple Labs filed a Civil Appeal Pre-Argument Statement, also known as Form C, in the U.S. Court of Appeals for the Second Circuit to challenge a recent ruling by the U.S. Securities and Exchange Commission (SEC) that classified Ripple’s institutional XRP sales as securities transactions.
Democratic Party for the People proposes crypto tax reduction policy ahead of Japanese elections
By Globe Banner | Oct 31, 2024
Yuichiro Tamaki, the leader of Japan’s Democratic Party for the People (DPP), announced a cryptocurrency tax plan aimed at reducing the tax on crypto gains to 20%.
IMF approves extended credit facility for Sierra Leone amid ongoing economic challenges
By Globe Banner | Oct 31, 2024
The International Monetary Fund (IMF) Executive Board has concluded the 2024 Article IV consultation with Sierra Leone and approved a new 38-month arrangement under the Extended Credit Facility (ECF).
IMF staff reach agreement on second review of Somalia's Extended Credit Facility
By Globe Banner | Oct 31, 2024
A team from the International Monetary Fund (IMF), led by Laura Jaramillo, has completed discussions with Somali authorities regarding the 2024 Article IV consultation.
Cirkle CEO: 'Starbucks' sales decline is a clear example of what happens when brands lose genuine engagement with their customers'
By J. D. Suayan | Oct 31, 2024
Starbucks Corp. is facing significant challenges following a recent stock downgrade that has raised concerns about the company's ability to manage ongoing legal issues and operational difficulties. This downgrade coincides with recent leadership changes and increased scrutiny from activist investors, adding uncertainty to Starbucks' short-term outlook.
US economy grows at slower pace with Q3 GDP up by 2.8
By Globe Banner | Oct 30, 2024
Real gross domestic product (GDP) in the United States grew at an annual rate of 2.8 percent during the third quarter of 2024, according to the "advance" estimate released by the U.S. Bureau of Economic Analysis.
IMF approves funding to support Kenya's economic stability amidst fiscal challenges
By Globe Banner | Oct 30, 2024
The International Monetary Fund (IMF) Executive Board has completed the seventh and eighth reviews under the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements, as well as a review under the Resilience and Sustainability...
IMF releases findings from its latest Financial Access Survey
By Globe Banner | Oct 30, 2024
The International Monetary Fund (IMF) has published the results of its 2024 Financial Access Survey (FAS), coinciding with the survey's 15th anniversary.
BlackRock Foundation commits $4 million for education initiatives in Dallas County
By Globe Banner | Oct 29, 2024
The BlackRock Foundation has announced a $4 million philanthropic grant to The Commit Partnership and Education is Freedom (EIF) in Dallas County.
Paraguay joins IMF's Special Data Dissemination Standard
By Globe Banner | Oct 29, 2024
On October 28, Paraguay joined the International Monetary Fund's (IMF) Special Data Dissemination Standard (SDDS), becoming the 49th country to do so.
IMF announces upcoming staff visit to Romania for economic assessment
By Globe Banner | Oct 28, 2024
Today, the International Monetary Fund (IMF) announced that an IMF mission will be visiting Bucharest from November 5 to November 8, 2024.
Bitcoin sees potential mainstream adoption by 2025
By A. D. Bamburg | Oct 25, 2024
On October 4, industry experts released an analysis indicating that Bitcoin's adoption rate could surpass 8% by 2025. This suggests a shift toward mass adoption, similar to previous phases seen with historical technologies.
IMFC discusses global economy amid conflicts at fiftieth meeting
By Globe Banner | Oct 25, 2024
In Washington, D.C., on October 24 and 25, the Fiftieth Meeting of the International Monetary and Financial Committee (IMFC) convened to discuss global macroeconomic challenges.
IMF projects steady growth for Sub-Saharan Africa amid reform challenges
By Globe Banner | Oct 25, 2024
Sub-Saharan Africa's economic growth is expected to remain at 3.6 percent in 2024, according to the International Monetary Fund's (IMF) latest Regional Economic Outlook for the region.
IMF reports subdued growth in sub-Saharan Africa amid reform challenges
By Globe Banner | Oct 25, 2024
On October 25, 2024, the International Monetary Fund (IMF) released its Regional Economic Outlook for sub-Saharan Africa.