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The fish sauce market to expand by $915.54 million by 2028
By Globe Banner | Nov 18, 2023
Technavio released a report detailing the growth of the fish sauce market, which will be progressing at a CAGR of 6.83% during the forecast period of 2023-2028. The primary factor driving this growth is an increasing preference for convenience in cooking, as per the report.
Outdoor recreation contributes significantly to US economy: BEA report
By Globe Banner | Nov 17, 2023
The U.S. Bureau of Economic Analysis (BEA) has published new statistics on the outdoor recreation economy for 2022, covering all 50 states and the District of Columbia.
Personal Income Sees Varied Growth Across U.S. Counties and Metropolitan Areas in 2022
By Globe Banner | Nov 16, 2023
The U.S. Bureau of Economic Analysis (BEA) recently released statistics on personal income by county and metropolitan area for the year 2022. According to the BEA, personal income experienced fluctuations across different regions.In 2022, personal income saw an increase in 1,964 counties, a decrease in 1,107 counties, and remained unchanged in 43 counties. The metropolitan portion of the United States recorded a 2.1 percent increase in personal income, while the nonmetropolitan portion saw a 1.3 percent increase.The data revealed significant variations in personal...
EU Urged to Recognize Economic Migration's Role in Addressing Labor and Skills Needs
By Globe Banner | Nov 15, 2023
BusinessEurope Director General Markus J. Beyrer has emphasized the importance of economic migration in addressing Europe's labor and skills needs. Beyrer stated, “It is high time that the EU acknowledges the role of economic migration in helping to address Europe’s labour and skills needs.”Beyrer also highlighted the potential impact of the proposed Talent Pool, saying, “The proposed Talent Pool can be a game changer in making Europe a more attractive destination for the needed skilled workers from third countries around the world. Helping to match skilled third-country...
The global Glucagon-like Peptide 1 (GLP-1) market set to reach $18.75 billion by 2023
By Globe Banner | Nov 12, 2023
Ireland Research And Markets released a report detailing the growth of the Glucagon-like Peptide 1, or GLP-1, market which is predicted to grow at a CAGR of 6.48% during the projected period of 2022-2027.
Ahbap founder: Binance's donation for earthquake recovery shows how 'crypto can be harnessed for good'
By Globe Banner | Nov 10, 2023
Haluk Levent, founder of the Turkish nonprofit Ahbap, said Binance's donation will help support his organization's efforts to rebuild homes that were destroyed by the recent earthquake and also demonstrates how cryptocurrency and blockchain can support humanitarian efforts. Binance, the largest crypto exchange in the world, recently announced a crypto donation of $100,000 to help Ahbap construct earthquake-resistant steel homes in Turkey.
BusinessEurope Comments on EU Parliament Plenary Vote on EU Data Act
By Globe Banner | Nov 9, 2023
BusinessEurope Director General Markus J. Beyrer has commented on today's EU Parliament Plenary vote on the EU Data Act, emphasizing the importance of assessing its impact on the EU's global competitiveness. Beyrer stated, "Making data flows easier in Europe is a necessary step, but it will be key to assess the Data Act’s impact on the EU’s global competitiveness."Expressing the concerns of the European business community, Beyrer highlighted the need to prevent a chilling effect on data innovation investments in the EU. He stated, "The number one concern of the European...
US allocates $600,000 for developing economies' trade capacity-building
By Globe Banner | Nov 8, 2023
The World Trade Organization (WTO) has disclosed that the United States will provide a financial contribution of USD 600,000 (approximately CHF 535,000) in 2023 to the WTO's Global Trust Fund. This fund is designated to support training programs aimed at government officials from developing economies and least-developed countries (LDCs), according to a press release by WTO.
BusinessEurope Economic Outlook Reveals Significant Drop in European Business Sentiment
By Globe Banner | Nov 8, 2023
BusinessEurope Director General Markus J. Beyrer, upon the release of BusinessEurope’s Economic Outlook, expressed concerns about the current state of the European economy. Beyrer noted, "The European economy continued to grow even more sluggishly in the first half of 2023 as businesses were faced with the impact of higher interest rates, a slowing global economy, and increasing long-term competitiveness challenges." He highlighted that factors such as higher interest rates and increased credit standards have hindered investment and consumer spending, leading to a more...
On Tuesday, oil prices fell over 4%, marking their lowest point since July
By Globe Banner | Nov 7, 2023
Thomson Reuters reported the falling oil prices and weak demand within the oil market, as the dollar strengthens.
WTO says prompt food market information is a key to solving agriculture crises
By Globe Banner | Nov 7, 2023
The Agriculture Market Information System (AMIS) Global Food Market Information Group at WTO discussed the importance of timely food market information in solving multiple challenges in the food market, such as climate change, conflict, and other challenges.
Growing at an outstanding 11.7% CAGR, the work order management systems global market is set to reach record value
By Globe Banner | Oct 31, 2023
Research And Markets released a report detailing the intense growth of the work order management systems global market, noting its $634.5 Million in the year 2022 and impressive predicted increase to $1.5 BIllion by 2030. According to Cision's PR Newswire, "The global market for Work Order Management Systems estimated at US$634.5 Million in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030".
After a drawn-out strike, GM makes a deal with UAW, ending the conflict
By Globe Banner | Oct 31, 2023
After similar deals made by auto giants Ford and Stellantis, General Motors finally likewise writes a deal with the United Auto Workers union.
European Companies Face Critical Labour and Skills Shortages, New Survey Reveals
By Globe Banner | Oct 30, 2023
BusinessEurope today released findings from a recent survey of European companies, shedding light on the significant labour and skills shortages prevalent in the region. According to BusinessEurope Director General Markus J. Beyrer, "Our survey of European companies confirmed that they are facing growing labour and skills shortages. This is fuelled by three factors: demographic change, high rates of inactivity and low levels of intra-EU mobility. These shortages will continue to be Europe’s key labour market challenge in the coming years."The survey revealed that...
The Barbie movie saves Mattel from economic challenge
By Globe Banner | Oct 25, 2023
Mattel, the global toy company known for brands such as Barbie and Hot Wheels, has seen a boost in sales thanks to the success of the Barbie movie. The three month period from July through Sept. saw Barbie billings increased by 16% as compared to the same period in 2022.
Garanti BBVA and KAGIDER host summit on women entrepreneurship
By Globe Banner | Oct 25, 2023
BBVA announced that Garanti BBVA and KAGIDER celebrated the Republic of Türkiye's 100th anniversary at the Women Entrepreneurs of the Year Summit. The event featured participation from Garanti BBVA CEO Recep Baştuğ, KAGIDER Chair of the Board Esra Bezircioğlu, and Ümit Boyner from the Boyner Group according to a press release by BBVA.
China allocates $450,000 for WTO accession and least-developed nations
By Globe Banner | Oct 24, 2023
The World Trade Organization (WTO) has announced that China will allocate $450,000 to the WTO's Least-Developed Countries (LDCs) and Accessions Programme, also known as the China Programme. The objective of this initiative is to enhance the integration of LDCs into the global economy by strengthening their involvement in WTO affairs and facilitating the accession of non-member nations, according to a press release by the WTO.
Estimated to grow an astounding $28.57 billion in the next five years, the probiotics market flourishes
By Globe Banner | Oct 22, 2023
Technavio, a leading global market research company, has released a report highlighting the exponential growth of the probiotics market. The report predicts that the market will grow by an astounding $28.57 billion from 2022 to 2027, with a compound annual growth rate (CAGR) of 7.6%.
The carbon black market predicted to grow 4.86 billion in five years
By Globe Banner | Oct 22, 2023
Technavio, a leading global market research report company, has released a report predicting the rapid growth of the carbon black market. According to the report, the market is expected to grow at a compound annual growth rate of 4.94% in the forecast period of 2022-2027. The carbon black market size is forecast to increase to 4.86 billion in the next five years.
EU-US Summit falls short of business expectations
By Globe Banner | Oct 21, 2023
The European Union and the United States of America recently concluded their second summit in Washington, DC on October 20. BusinessEurope President Fredrik Persson expressed disappointment on behalf of the European business community regarding the outcomes of the summit.Persson highlighted the lack of progress on key issues, stating, "I will not hide the disappointment of the European business community at the news that no permanent solutions have been found on our priority issues – critical minerals and steel and aluminium." He emphasized the importance of reaching...