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IMF reaches agreement on first review and 2023 consultation with Bangladesh
By Globe Banner | Oct 20, 2023
The International Monetary Fund (IMF) has announced that The IMF staff and Bangladeshi authorities have achieved a staff-level agreement to finalize the first review of the IMF-supported program. Mr. Rahul Anand, leading a team from the IMF, visited Dhaka to engage in discussions about economic and financial policies according to a press release by the IMF.
The motor control contactors market to grow by over $70 million over the next five years
By Globe Banner | Oct 20, 2023
Technavio, a leading global market research report company, has released a market analysis predicting significant growth for the motor control contactors market. According to a report from Cision's PR Newswire, the market is expected to grow by a CAGR of 4.75% during the forecast period of 2022-2027, resulting in a growth of USD 72.43 million.
Spirulina chocolates market to grow by astounding 10.04% CAGR over coming years
By Globe Banner | Oct 20, 2023
Technavio, a market research firm, has released a report stating that the spirulina chocolates market is expected to experience significant growth in the coming years. According to the report, the market is projected to grow by almost $210 million during the forecast period of 2022-2027.
The online auction market explodes, reaching nearly $7.5 billion this year
By Globe Banner | Oct 20, 2023
Research And Markets released a report detailing the immense growth of the online auction market, showing off an astounding compound Annual Growth Rate (CAGR) of 11.50% during the forecast period of 2022-2027. According to Cision’s PR Newswire, the report predicts that the global online auction market will reach a value of $7.42 billion by 2023.
Binance Academy, Blockchain Center partnership aims to educate more than one million students by 2026
By Globe Banner | Oct 19, 2023
Binance Academy, the Web3 learning hub of the largest crypto exchange in the world, has partnered with the Blockchain Center, an independent non-profit research lab, with the aim of educating over one million students in blockchain engineering and compliance by 2026. This partnership is an expansion of the Global University Outreach Program.
Ferrari to accept payments in crypto following customer requests
By Globe Banner | Oct 19, 2023
Ferrari has announced that it will now accept cryptocurrency as a form of payment for its cars in the United States, following requests from its customers. The Italian luxury sports car manufacturer also plans to introduce this payment option to its European markets.
Projected to reach $43.6 billion by 2030, the global market for Friction Products and Materials excels
By Globe Banner | Oct 17, 2023
Research And Markets, a market and industry research report corporation, released a new report outlining the dramatic growth of the global friction products and materials market, which is expected to reach an astounding $43.6 billion by 2030. According to PRNewswire, the global market for friction products and materials is currently valued at $28.4 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% during the analysis period from 2022 to 2030.
The World Bank's 2023 Annual Meetings
By Globe Banner | Oct 16, 2023
The World Bank announced the key points from its Annual Meetings in 2023, where they introduced a fresh development vision and playbook. During these meetings, the Bank also demonstrated the substantial advancements made since initiating its transformation process a year ago according to a press release by the World Bank.
The trucking industry tops its number of issues in new ATRI report
By Globe Banner | Oct 14, 2023
American Transportation Research Institute (ATRI), the trucking industry's not-for-profit research organization, has released its 19th annual Top Industry Issues report, revealing that the trucking industry is facing more issues than ever before. According to a PRNewswire article, this year's list of concerns includes the Economy, Truck Parking, Fuel Prices, the Driver Shortage, Driver Compensation, and for the first time, Zero-Emission Vehicles.
After Biden's new loan plan, a financial wellness report by Research and Markets is integral
By Globe Banner | Oct 13, 2023
Research And Markets, a market and industry reporting corporation, has released a report titled "Financial Wellness 2023" in response to President Joe Biden's new loan plan. The report aims to help business entrepreneurs and managers achieve financial literacy in light of the new plan.
Reaching $189.1 billion in 2022, global low-cost airlines market projected to have significant growth in the next years
By Globe Banner | Oct 13, 2023
Research And Markets, a market and industry research corporation, has released a report projecting significant growth in the global low-cost airlines market in the coming years. The report states that the market reached a size of $189.1 billion in 2022 and is expected to reach $315.4 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 8.7% from 2023 to 2028.
The global bath and shower market reaches a milestone in 2022, at US$ 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.