Latest News
IMF staff concludes virtual visit to Costa Rica to discuss progress of economic reforms under the Extended Fund Facility
By David Sharrock | Oct 7, 2021
Press release: The IMF mission and the Costa Rican government made significant progress toward completing the first review of Costa Rica’s Fund-supported program. Discussions will continue in coming weeks.
IMF Executive Board Concludes 2021 Article IV Consultation with Maldives
By Brian Walker | Oct 7, 2021
Press release: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Maldives.
Spire Global announces acquisition of exactEarth
By Ariana Chiarenza | Oct 7, 2021
Spire Global announced Sept. 14 the company plans to acquire exactEarth for approximately $161.2 million in stock.
Statement by the IMF Spokesperson on the Ongoing Review by the IMF Executive Board on the Investigation of the World Bank’s Doing Business 2018 Report
By Alistair Thomson | Oct 6, 2021
Washington, DC: The IMF Executive Board met today with IMF Managing Director Kristalina Georgieva as part of its ongoing review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report.
GDP increased overall in the second quarter in all 50 states, D.C.
By Art Benavidez | Oct 6, 2021
The real gross domestic product (GDP) increased at an annual rate in all 50 states and the District of Columbia in the second quarter of this year, according to a recent report by the U.S. Bureau of Economic Analysis.
Transport industry groups warn of global 'shipping collapse' if pandemic travel restrictions persist
By Solange DeLisle | Oct 3, 2021
Industry groups that represent people who are employed to move goods have warned there could soon be a "shipping collapse" if governments around the world don't allow transport workers to move freely and have priority access to vaccinations.
Movable Ink continues 'rapid' growth, announces management hires
By Andy Nghiem | Oct 2, 2021
Software company Movable Ink recently announced a series of management hires to aid its expansion plans, according to a press release.
'This year has completely blown away our expectations': NinjaRMM announces strong growth in 2021, moves HQ to Texas
By Andy Nghiem | Oct 2, 2021
Information technology operations management platform NinjaRMM recently announced a nearly 50% increase in its customer base to more than 6,000 and a 75% revenue boost in 2021, according to a company press release..
Excitement surrounding new digital trading card app: 'A people-for-people philosophy'
By John Kelly | Oct 2, 2021
NFL superstars Patrick Mahomes and Drew Brees are among the global ambassadors behind the new digital platform VirtualStaX that has designs on revolutionizing the global fan economy
Elon Musk regains title of world's richest person
By John Kelly | Oct 1, 2021
Elon Musk is now the world’s richest person, rising to status of the third person in history to be worth upwards of $200 billion.
FedEx Logistics launches Seoul office: Korea 'key player in international trade'
By David Beasley | Oct 1, 2021
As part of its global expansion program, FedEx Logistics has opened an office in Seoul, South Korea, according to a news release.
'Taxation in a digitalizing economy even more important' as Asian countries become increasingly digitalized
By Andy Nghiem | Sep 30, 2021
Asian government entities are considering how to update antiquated taxation methods as their economies are increasingly becoming digitalized.
'The recovery, however, is not assured': IMF report optimistic about economy in second half of year, but highlights potential pitfalls
By John Kelly | Sep 30, 2021
On its way to recovery, the global economy is projected to grow 6% in 2021 and 4.9% in 2022, the International Monetary Fund reported.
IMF to host virtual seminar Sept. 29-30 on post-COVID-19 development goals
By David Beasley | Sep 26, 2021
The International Monetary Fund will host a virtual seminar Sept. 29-30 on sustainable development goals in the developing world in the post COVID-19 era.
Wynn Resorts CEO Maddox: Reservations from U.K. go from 'zero to hundreds a day'
By Solange DeLisle | Sep 26, 2021
After nearly two years of travel restrictions due to COVID-19, travelers from the U.K. leapt at the chance to make reservations at Sin City hotels after the White House announced it would lessen restrictions on overseas visitors.
Five-hundred million doses of COVID-19 vaccine to be donated to ‘ensure expedited access for all’
By Emily Bevard | Sep 26, 2021
The U.S. will donate an additional 500 million doses of the COVID-19 vaccine to lower-income countries, following a donation by Pfizer and BioNTech to the U.S. government.
Zilingo CEO Bose on COVID shutdowns: 'It’s really bad timing for Vietnam'
By Emily Bevard | Sep 25, 2021
With the holiday season fast approaching, companies are rushing to move manufacturing out of Vietnam, as rising COVID-19 infections have led to a shutdowns.
Analyst: 'Global industrial downturn' follows bullish commodities market
By David Beasley | Sep 20, 2021
Predictions of a slowdown in global industrial activity are ringing true, and the proof is in currency markets, an economic forecaster told CNBC's Trading Nation.
What will become of Afghanistan's wealth of lithium?
By Glenn Minnis | Sep 19, 2021
The sudden U.S. withdrawal from Afghanistan may have given China the chance to take advantage of the region’s vast mineral reserves with an estimated value as high as $3 trillion, according to the Institute for Energy Research.