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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...
County-level GDP changes highlight economic diversity across US regions
By Globe Banner | Dec 7, 2023
Real gross domestic product (GDP) figures for 2022 have been released by the U.S. Bureau of Economic Analysis (BEA), showing increases in 1,780 counties, decreases in 1,296 counties, and no change in 38 counties.
BusinessEurope Reacts to EU Co-legislators' Deal on Ecodesign for Sustainable Products Regulation
By Globe Banner | Dec 5, 2023
BusinessEurope Reacts to EU Co-legislators' Deal on Ecodesign for Sustainable Products RegulationDec 5 2023Commenting on the political agreement reached last night by EU co-legislators on the proposal for an Ecodesign for Sustainable Products Regulation, BusinessEurope Director General Markus J. Beyrer expressed his views on the matter. Beyrer stated, "We welcome the deal on the ecodesign proposal, but concerns remain about the feasibility of information requirements."Beyrer further elaborated on the potential impact of the ecodesign regulation, stating, "The...
BitMEX co-founder: 'The treatment of CZ and Binance is absurd'
By Globe Banner | Dec 1, 2023
Arthur Hayes, co-founder and former CEO of crypto derivatives exchange BitMEX, has expressed his criticism towards the penalties imposed by the U.S. government on crypto exchange Binance and its founder Changpeng Zhao (CZ), considering them disproportionate to the alleged offenses. In a post on Substack dated November 27, Hayes compared these punishments to those faced by executives from major traditional financial institutions for their own missteps, which he believes were far more serious in nature.
JPMorgan Chase invests $70 million for economic opportunity in France
By Globe Banner | Nov 29, 2023
JPMorgan Chase announced a $70 million initiative aimed at fostering economic opportunities for individuals and entrepreneurs in France. This venture, set to create the Spark France investment initiative, seeks to direct funds towards women-led organizations and those contributing to societal impact.
European business message for COP28 - All G20 countries should commit to 2030 targets
By Globe Banner | Nov 29, 2023
COP28, starting on 30 November in Dubai, is an important moment for international climate negotiations. BusinessEurope Director General Markus J. Beyrer emphasized the importance of all G20 countries committing to ambitious 2030 targets. Beyrer stated, "European business stands firmly behind the Paris Agreement. However, with the EU counting for 7% of current global CO2 emissions and only 4-5% by 2030, it is critical that all G20 countries agree to similarly ambitious 2030 targets. They must also commit to implementing concrete, transparent and reliable transformation...
Norway contributes NOK 9 million to WTO Fisheries Funding Mechanism
By Globe Banner | Nov 24, 2023
The World Trade Organization (WTO) announced Norway has committed NOK 9 million (about CHF 730,500) to the WTO Fisheries Funding Mechanism. This financial support from Norway, presented by WTO Ambassador Petter Ølberg to Director-General Ngozi Okonjo-Iweala, is intended to assist developing and least-developed members in effectively implementing the Agreement on Fisheries Subsidies. This move reinforces Norway's continued commitment towards global marine sustainability.
Business Message to Belgian EU Presidency: Tackle Short-Term Challenges and Empower European Economy
By Globe Banner | Nov 24, 2023
On November 24, 2023, the Presidents and Directors General of BusinessEurope’s member federations gathered in Brussels to present their priorities for the incoming Belgian Presidency of the Council of the European Union. BusinessEurope President Fredrik Persson highlighted the importance of the upcoming presidency, stating, "The European economy is growing even more sluggishly in the first half of 2023, and the six months of the Belgian Presidency will be crucial."Persson urged the Belgian Presidency to focus on finalizing proposals essential for the competitiveness and...