Latest News
BBB National Programs Applauds Launch of Global CBPR Forum
By Globe Banner | Apr 30, 2024
MCLEAN, Va. , April 30, 2024 /PRNewswire/ -- BBB National Programs has commended the U.S. Department of Commerce's initiative to establish the Global Cross Border Privacy Rules (CBPR) Forum, marking a significant step in enhancing international collaboration on cross-border data flows.Dona Fraser, Senior Vice President, Privacy Initiatives at BBB National Programs, emphasized the pivotal role of data privacy in international business operations, stating, "In an economy where businesses extend operations across borders, data privacy is the cornerstone of trust and...
Markets4you Teams Up with AB de Villiers to Celebrate 17 Years in Business
By Globe Banner | Apr 30, 2024
Markets4you, a prominent multi-asset trading platform, has marked its 17th anniversary by collaborating with South African cricket legend AB de Villiers as its brand ambassador. This partnership signifies a shared commitment to excellence, passion, and dedication in their respective fields.Marina Strausa, CEO of Markets4you, expressed her excitement about the collaboration, stating, "Partnering with AB de Villiers represents a significant milestone for us, symbolizing establishing a deep and meaningful relationship." She emphasized how AB's talent and sportsmanship align...
Impartner Continues Winning Streak, Securing Prestigious Industry Accolades
By Globe Banner | Apr 30, 2024
SALT LAKE CITY, April 30, 2024 /PRNewswire/ -- Impartner, the fastest-growing and most award-winning provider of reseller and partner management technologies, has recently added to its list of accolades, showcasing its dedication to innovation and excellence in the industry.The company was honored with the Gold Stevie® Award in the Business-to-Business Product category at the 22nd Annual American Business Awards® for its Google for the Channel and Partner Marketing Automation solutions. According to Impartner's Vice President of Product, Gary Sabin, "It's truly rewarding...
Hybrid Integration Platform Market Projected to Reach $20.49 billion by 2030
By Globe Banner | Apr 30, 2024
A report by 360iResearch has projected that the Hybrid Integration Platform (HIP) market is set to grow from $9.98 billion in 2023 to $20.49 billion by 2030, at a CAGR of 10.82% over the forecast period. The rise of HIPs is transforming the business landscape, enabling seamless integration across various services, data, and applications. This innovative approach allows organizations to enhance their IT infrastructure and embrace the efficiency of cloud services, driving digital transformation efforts worldwide.Governments globally are leveraging HIPs to spearhead digital...
International Monetary Fund launches regional office in Riyadh, Saudi Arabia during regional conference
By Globe Banner | Apr 25, 2024
The International Monetary Fund (IMF) has announced the establishment of a new regional office in Riyadh, Saudi Arabia. The inaugural director of this office will be Abdoul Aziz Wane, a Senegal national with prior experience at the IMF.
Healthmark Services Limited partners with JFCRx as supplier of pharmacy adherence technologies
By Globe Banner | Apr 24, 2024
Canadian pharmacies are set to enhance patient safety and adherence through the introduction of new automation equipment and software. This development is a result of a partnership between JFCRx and Healthmark Services Limited, as disclosed in a recent news release.
International Monetary Fund selects Kristalena Georgieva for a second term as Managing Director
By Globe Banner | Apr 18, 2024
The International Monetary Fund's (IMF) Executive Board announced last week that Kristalena Georgieva has been selected to serve a second term as IMF Managing Director. Georgieva's second term will commence in October and span five years.
Why India Could Soon Dethrone China as World’s Top Consumer Market
By Globe Banner | Apr 17, 2024
India's rapid growth in consumerism is positioning it to potentially surpass China as the world's top consumer market. According to a recent analysis, "The speed of India’s rise in consumerism is outpacing China’s as the gap between the two countries’ markets continues to narrow."To retain its position as the leading consumer market globally, China is advised to adapt its strategies. The need to broaden its focus to include rural areas and cater to often-overlooked consumer bases is emphasized, as stated, "If it wants to maintain its lead as the world’s top market, China...
Letta Report: A significant call for a reboot of the EU Single Market
By Globe Banner | Apr 17, 2024
BusinessEurope welcomes today’s publication of Enrico Letta’s report on the future of the EU Single Market, with Director General Markus J. Beyrer commenting that "We very much agree with the key message of the Letta report: it is time to reboot the EU Single Market for today’s “large world”. This should be driven by the fundamentals of the four freedoms of the Single Market, keeping a strong focus on free trade and openness."Mr Letta rightly draws attention to the worrying trend of companies and investment leaving the European Union due to an overly complex and...
Guam's GDP rises by 5.1% in 2022 driven by export surge
By Globe Banner | Apr 15, 2024
Real gross domestic product (GDP) for Guam increased by 5.1 percent in 2022, following a 2.1 percent increase in 2021, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). These figures were developed under the Statistical Improvement Program, funded by the Office of Insular Affairs (OIA) of the U.S. Department of the Interior.
EU Elections: BusinessEurope Calls for Reboot to Enhance European Competitiveness
By Globe Banner | Apr 9, 2024
BusinessEurope has launched its campaign for policy changes for the next EU political cycle, under the motto ‘Reboot Europe’. Commenting on the necessary actions for Europe in the upcoming years, BusinessEurope President Fredrik Persson emphasized the importance of competitiveness, stating, "Faced with multiple geopolitical risks and economic uncertainty, the EU must put competitiveness at the forefront and use the next EU cycle to reboot its policies for today’s challenges."Persson highlighted the need for the EU to focus on improving its attractiveness as an investment...
BusinessEurope Reacts to EU Action Plan on Labour and Skills Shortages
By Globe Banner | Mar 20, 2024
BusinessEurope Director General Markus J. Beyrer expressed his organization's stance on the EU action plan on labour and skills shortages, recently unveiled by the European Commission. Beyrer welcomed the publication of the plan, emphasizing the severity of the issue by stating, "With labour and skills shortages hitting our companies and labour markets, we welcome today’s publication of the Commission action plan to address them. This challenge is structural and will be with us for the next generation."In addition to this, Beyrer highlighted the importance of addressing...
No improvement in the EU’s investment environment in 2023
By Globe Banner | Mar 20, 2024
BusinessEurope has just published our 2024 Reform Barometer, which looks at Europe’s global competitiveness performance and evaluates policy decisions.BusinessEurope President Fredrik Persson expressed, "Our key finding is that 88% of our national member federations believe that, having declined significantly between 2020 and 2023, there was no improvement in the attractiveness of the EU's investment environment vis-à-vis our major competitors over the last 12 months. Moreover, over half of our member federations (54%) believe that the regulatory burden for companies...
Asian economies urged to prioritize green initiatives for global competitiveness
By Globe Banner | Mar 19, 2024
In a changing global economic landscape, experts are emphasizing the importance of Asian economies prioritizing green initiatives to maintain their competitive edge. A recent article highlighted the necessity for countries like Bangladesh and Cambodia to adapt to new cross-border environmental regulations or face potential repercussions in global trade.According to the article, one of the speakers noted, "Increasingly, new cross-border environmental regulations like the EU’s carbon tax will leave countries such as Bangladesh and Cambodia little choice but to play catch up...
Agreement on EU due diligence: still far from a workable solution
By Globe Banner | Mar 15, 2024
Reacting to the EU Corporate Sustainability Due Diligence Directive agreement, BusinessEurope Director General Markus J. Beyrer expressed concerns about the implications of the new rules. Beyrer stated, "The new due diligence rules will add unparalleled obligations, set harsh sanctions with potential existential implications for companies, and unilaterally expose them to litigation from all parts of the world." He highlighted the negative impact on SMEs, noting that they "will be negatively affected as they make up the largest part of value chains."Furthermore, Beyrer...
BusinessEurope Reacts to Approval of Political Agreement on Prohibiting Products Made with Forced Labour
By Globe Banner | Mar 13, 2024
BusinessEurope Director General Markus J. Beyrer welcomed the approval of the political agreement on prohibiting products made with forced labour by Member States. Beyrer acknowledged the significance of this step, stating, "This is an important step in the EU’s efforts to tackle forced labour, but there is still much work to be done to make the Regulation workable and effective."Beyrer emphasized the stance of European businesses on forced labour, saying, "Forced labour is a serious human rights violation that European business fully condemns." He noted improvements in...
BusinessEurope Reacts to the European Parliament Plenary Vote on the AI Act
By Globe Banner | Mar 13, 2024
BusinessEurope Director General Markus J. Beyrer commented on the European Parliament Plenary vote on the AI Act, stating, "This is a pivotal moment for AI development in Europe, but successful implementation will be key to reassure investors, AI developers, and citizens that trustworthy AI is here to stay."Beyrer further expressed that the AI Act maintains a risk-based framework and prevents the emergence of divergent national laws. However, he highlighted concerns about the need for extensive secondary legislation and guidelines, emphasizing their importance for legal...
South Africa joins World Trade Organization’s fisheries subsidy agreement
By Globe Banner | Mar 8, 2024
South Africa has become the latest addition to a growing list of World Trade Organization (WTO) members that have ratified the organization’s fisheries subsidies agreement. The ratification took place at the 13th Ministerial Conference in Abu Dhabi, held during the first week of this month. With South Africa's inclusion, the total number of WTO member countries that have agreed to the Agreement on Fisheries now stands at 71.
IMF’s Kristalina Georgieva makes statement after Meeting of G20 Finance Ministers, Central Bank Governors.
By Globe Banner | Mar 1, 2024
Following the inaugural meeting of the G20 Finance Ministers and Central Bank Governors, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued a statement. The meeting took place in Sao Paulo, with Brazil currently presiding over the Group of 20.
WTO Ministerial finds interim solution on e-commerce
By Globe Banner | Mar 1, 2024
The 13th WTO Ministerial, which concluded today in Abu Dhabi, has reached an interim solution on the e-commerce moratorium until the next Ministerial meeting. Reacting to the outcomes of the meeting, BusinessEurope Director General Markus J. Beyrer expressed his views, stating, "Our expectations were not overly ambitious ahead of the 13th WTO Ministerial given the increasing global divisions about how trade should be disciplined. In this context, the results from MC13 are not ideal but they are better than expected."Beyrer highlighted that WTO members have agreed to...