Latest News
The global bath and shower market reaches a milestone in 2022, at US$ 47.6 Billion
By Globe Banner | Oct 11, 2023
Research And Markets announced a report on the global bath and shower market, saying that a new milestone has been reached in 2022 with the market size at US$ 47.6 Billion. By 2028, that market size is predicted to reach US$ 63.4 Billion, with a CAGR of 4.7% during this growth period.
WTO economists scale back growth in global merchandise trade in 2023
By Globe Banner | Oct 7, 2023
The World Trade Organization (WTO) has revised its growth projections for global merchandise trade in 2023, indicating a downward trend. According to the latest WTO trade forecast released on October 5th, economists have scaled back the growth predicted for next year. It is now expected that the volume of world merchandise trade will only grow by 0.8% this year, which is less than half of the 1.7% increase that was forecasted in April. However, there is some hope for a recovery, as the projected growth of 3.3% for 2024 remains relatively unchanged from previous estimates.
Monsha’at, Saudi Arabia's leading entrepreneur, participated in the Global Entrepreneurship Congress 2023
By Globe Banner | Oct 7, 2023
Monsha’at, also known as the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, recently participated in the Global Entrepreneurship Congress 2023 (GEC23) in Riyadh. The congress brought together leading entrepreneurs from Saudi Arabia to discuss the growth of entrepreneurship in the kingdom.
Providing real relief for SMEs – BusinessEurope’s SME Roadshow in Rome
By Globe Banner | Oct 4, 2023
On Oct 4, 2023, BusinessEurope, in partnership with its Italian member federation Confindustria, hosted the second of its SME Roadshow events in Rome. The event featured keynote speeches from Roberta Metsola, European Parliament President, and Thierry Breton, EU Commissioner for Internal Market, focusing on SMEs’ path to the twin green and digital transitions in the context of the European Commission’s recently announced SME Relief Package.Fabrice Le Saché, Chair of BusinessEurope’s Entrepreneurship & SME Committee, emphasized the importance of the Commission's proposals...
IMF Concluding Statement of 2023 Article IV Mission: San Marino has prospered economically
By Globe Banner | Sep 29, 2023
The International Monetary Fund's staff report in the concluding statement of the 2023 Article IV Mission reveals that San Marino has experienced economic prosperity, despite the weakening European economy as a whole. The manufacturing and tourism sectors in San Marino have even surpassed pre-COVID levels.
Saudi Arabia, undergoing an economic transformation
By Globe Banner | Sep 29, 2023
Amine Mati and Sidra Rehman, both part of the IMF’s Middle East and Central Asia Department, report an immaculate transformation in the Saudi Arabian economy, as it implements new reforms around oil dependence, income sources, and competitiveness. The IMF’s Middle East and Central Asia Department reports that "Saudi Arabia’s economy is undergoing a transformation, as it implements reforms to reduce oil dependence, diversify income sources, and enhance competitiveness. This year marks an important juncture as the midpoint of Saudi Arabia’s ambitious Vision 2030 journey."
The IMF Executive Board approves a $1.3 billion arrangement for Morocco's sustainability
By Globe Banner | Sep 29, 2023
On September 28, 2023, the International Monetary Fund's executive board approved an arrangement with Morocco that will support its movement to a more sustainable and greener economy. The arrangement amounted to SDR 1 billion (about US$ 1.32 billion, equivalent to 112 percent of quota).
IMF: 'new research finds that many countries have the potential to increase their tax-to-GDP ratios'
By Globe Banner | Sep 29, 2023
The International Monetary Fund (IMF) has released a report highlighting the potential for countries to increase their tax-to-GDP ratios, allowing for the provision of critical government services. The report states that through better tax design and stronger public institutions, many countries have the potential to increase their tax-to-GDP ratios by as much as 9 percentage points.
President of the Center for Global Development steps down at the end of the year
By Globe Banner | Sep 29, 2023
Masood Ahmed, the President of the Center for Global Development (CGD), has announced his decision to step down at the end of the year. Ahmed has been in the position for seven years and has played a crucial role in the organization's growth and impact.
The global very light jet market size reaches $5.3 Billion in 2022, predicted to grow to $8.2 billion by 2028
By Globe Banner | Sep 25, 2023
ResearchAndMarkets of PRNewswire reports that the global very light jet market is expected to reach $8.2 billion by 2028, growing at a compound annual growth rate of 7.45%. The market size reached $5.3 billion in 2022, indicating significant growth over the next few years.
Public debt in sub-Saharan Africa has risen to levels not seen in decades
By Globe Banner | Sep 25, 2023
With a debt crisis looming in Africa, economists of the International Monetary Fund (IMF) have outlined five key policy points that African governments could take to impede the rising public debt in sub-Saharan Africa. According to an IMF paper, public debt in the region has reached levels not seen in decades, with the average debt ratio almost doubling in just a decade.
Bing X, Cryptocurrency Exchange Platform, Announces Support for Future Blockchain Summit, Dubai, 2023
By Globe Banner | Sep 24, 2023
BingX, a prominent international platform for cryptocurrency exchange, has announced its support and sponsorship for the Future Blockchain Summit in Dubai, scheduled to take place from October 15th to 18th, 2023. This four-day event aims to showcase and promote the advancements in Web 3.0, Blockchain, Crypto, NFT, Metaverse, and Gaming.
The Global Manufactured Soil Market is Growing Rapidly, with North America in the Lead
By Globe Banner | Sep 20, 2023
The global manufactured soil market is experiencing rapid growth, with North America leading the way. According to a report by Research and Markets of PR Newswire, the market is projected to grow from $7.61 billion in 2022 to $8.23 billion in 2023, with an impressive compound annual growth rate (CAGR) of 8.1%. This growth is expected to continue, with the market estimated to reach $10.77 billion by 2027.
Bahkri: 'We’re proud to be partnering with Deloitte India to bring AI-powered CLM solutions to the APAC region'
By Globe Banner Report | Aug 24, 2023
Sirion, based in Washington, teamed up with the Deloitte India consulting firm to expand the access of the Sirion CLM platform for customers in the region.
Möller: “We are dedicated to democratizing access to credit in Mexico because we believe that a more inclusive and efficient financial system means more for everyone”
By Globe Banner Report | Aug 24, 2023
Mexico City-based digital financial services platform, Klar, S.A. de C.V. (Klar) has secured a $100 Million Debt Facility from Chicago-based global alternative investment firm Victory Park Capital to help expand Credit Products in Mexico.
JetBlue on its unique business model: 'By all measures, it succeeded'
By Globe Banner Report | Jul 22, 2023
JetBlue recently issued a statement detailing the success of its Northeast Alliance (NEA) with American Airlines, following the court’s ruling against the initiative.
Former CFTC chair on stablecoins: 'The U.S. could become a standards taker rather than a standards maker'
By Globe Banner Report | Jul 20, 2023
Timothy Massad, director of the Digital Assets Policy Project at the Harvard Kennedy School and a former chairman of the Commodity Futures Trading Commission (CFTC), wrote in an opinion piece that the U.S. needs to prioritize stablecoin regulation, or it risks falling behind and being forced to follow legal frameworks implemented by other countries. Massad argued that the potential risks associated with increased use of stablecoins can be mitigated by regulating them.
Okonjo-Iweala: 'Projects like those proposed for this championship can make a difference'
By Globe Banner Report | Jul 18, 2023
On MSME Day, celebrated on June 27, 2023, the Informal Working Group on Micro, Small and Medium-sized Enterprises (MSMEs) announced three small business champions. Director-General Ngozi Okonjo-Iweala recognized the significant potential of the projects presented during the championship, emphasizing their capacity to make a substantial difference.
Okonjo-Iweala: 'The future of trade is services, digital and green — and it must be inclusive'
By Globe Banner Report | Jul 8, 2023
The World Trade Organization (WTO) and the World Bank recently launched a joint publication that highlighted the rapid expansion of services exports in developing economies, which surpassed the global average growth rate in the past two decades. The publication also emphasized the need for further efforts to fully harness the potential of services trade in promoting development.
Belize joins WTO, accepts Agreement on Fisheries Subsidies
By Globe Banner Report | Jun 26, 2023
Belize became the initial Central American member of the World Trade Organization (WTO) and the first member of the Caribbean Community (CARICOM) to deposit its acceptance for the Agreement on Fisheries Subsidies.