Latest News
The global very light jet market size reaches $5.3 Billion in 2022, predicted to grow to $8.2 billion by 2028
By Globe Banner | Sep 25, 2023
ResearchAndMarkets of PRNewswire reports that the global very light jet market is expected to reach $8.2 billion by 2028, growing at a compound annual growth rate of 7.45%. The market size reached $5.3 billion in 2022, indicating significant growth over the next few years.
Public debt in sub-Saharan Africa has risen to levels not seen in decades
By Globe Banner | Sep 25, 2023
With a debt crisis looming in Africa, economists of the International Monetary Fund (IMF) have outlined five key policy points that African governments could take to impede the rising public debt in sub-Saharan Africa. According to an IMF paper, public debt in the region has reached levels not seen in decades, with the average debt ratio almost doubling in just a decade.
Bing X, Cryptocurrency Exchange Platform, Announces Support for Future Blockchain Summit, Dubai, 2023
By Globe Banner | Sep 24, 2023
BingX, a prominent international platform for cryptocurrency exchange, has announced its support and sponsorship for the Future Blockchain Summit in Dubai, scheduled to take place from October 15th to 18th, 2023. This four-day event aims to showcase and promote the advancements in Web 3.0, Blockchain, Crypto, NFT, Metaverse, and Gaming.
The Global Manufactured Soil Market is Growing Rapidly, with North America in the Lead
By Globe Banner | Sep 20, 2023
The global manufactured soil market is experiencing rapid growth, with North America leading the way. According to a report by Research and Markets of PR Newswire, the market is projected to grow from $7.61 billion in 2022 to $8.23 billion in 2023, with an impressive compound annual growth rate (CAGR) of 8.1%. This growth is expected to continue, with the market estimated to reach $10.77 billion by 2027.
Bahkri: 'We’re proud to be partnering with Deloitte India to bring AI-powered CLM solutions to the APAC region'
By Globe Banner Report | Aug 24, 2023
Sirion, based in Washington, teamed up with the Deloitte India consulting firm to expand the access of the Sirion CLM platform for customers in the region.
Möller: “We are dedicated to democratizing access to credit in Mexico because we believe that a more inclusive and efficient financial system means more for everyone”
By Globe Banner Report | Aug 24, 2023
Mexico City-based digital financial services platform, Klar, S.A. de C.V. (Klar) has secured a $100 Million Debt Facility from Chicago-based global alternative investment firm Victory Park Capital to help expand Credit Products in Mexico.
JetBlue on its unique business model: 'By all measures, it succeeded'
By Globe Banner Report | Jul 22, 2023
JetBlue recently issued a statement detailing the success of its Northeast Alliance (NEA) with American Airlines, following the court’s ruling against the initiative.
Former CFTC chair on stablecoins: 'The U.S. could become a standards taker rather than a standards maker'
By Globe Banner Report | Jul 20, 2023
Timothy Massad, director of the Digital Assets Policy Project at the Harvard Kennedy School and a former chairman of the Commodity Futures Trading Commission (CFTC), wrote in an opinion piece that the U.S. needs to prioritize stablecoin regulation, or it risks falling behind and being forced to follow legal frameworks implemented by other countries. Massad argued that the potential risks associated with increased use of stablecoins can be mitigated by regulating them.
Okonjo-Iweala: 'Projects like those proposed for this championship can make a difference'
By Globe Banner Report | Jul 18, 2023
On MSME Day, celebrated on June 27, 2023, the Informal Working Group on Micro, Small and Medium-sized Enterprises (MSMEs) announced three small business champions. Director-General Ngozi Okonjo-Iweala recognized the significant potential of the projects presented during the championship, emphasizing their capacity to make a substantial difference.
Okonjo-Iweala: 'The future of trade is services, digital and green — and it must be inclusive'
By Globe Banner Report | Jul 8, 2023
The World Trade Organization (WTO) and the World Bank recently launched a joint publication that highlighted the rapid expansion of services exports in developing economies, which surpassed the global average growth rate in the past two decades. The publication also emphasized the need for further efforts to fully harness the potential of services trade in promoting development.
Belize joins WTO, accepts Agreement on Fisheries Subsidies
By Globe Banner Report | Jun 26, 2023
Belize became the initial Central American member of the World Trade Organization (WTO) and the first member of the Caribbean Community (CARICOM) to deposit its acceptance for the Agreement on Fisheries Subsidies.
C.H. Robinson lays off 300 additional employees: 'They are necessary for the company’s long-term success'
By Globe Banner Report | May 29, 2023
C.H. Robinson shares increased by 0.38% to $101.47 this month, shortly after the company confirmed plans to lay off an additional 300 employees during its second round of layoffs in seven months.
Canada becomes fifth WTO member to accept Agreement on Fisheries Subsidies
By Globe Banner | May 4, 2023
Canada recently became the fifth WTO member to accept an agreement that seeks to end harmful subsidies in the global fishing industry.
China is writing laws to ensure its continued technological advancement
By Globe Banner Report | Apr 19, 2023
China has created a new set of rules to help ensure that its continued development of artificial intelligence is one of the many steps it takes to outpace America in the creation and implementation of new technologies.
SEC commissioner: Lack of push toward crypto regulation 'is frustrating'
By Sam Jackson | Feb 21, 2023
Securities and Exchange Commission (SEC) Commissioner Hester Peirce recently said that although the SEC has encouraged crypto companies to bring their concerns to the SEC, the process is so slow that it could be driving business away.
Phoenix mayor: Arizona-based TSMC's expansion is 'one of the largest foreign direct investments in US history'
By Karen Kidd | Dec 22, 2022
Arizona-based Taiwan Semiconductor Manufacturing (TSMC)'s recent announcement of a second chip plant in Arizona and increased investment in the state from $12 billion to $40 billion will be a large boost to the local economy, Phoenix Mayor Kate Gallego said in a social media post.
González calls on greater cooperation on digital trade: ‘Digitalization increasingly permeates all areas of WTO work’
By John Kelly | Oct 18, 2022
World Trade Organization (WTO) Deputy Director-General Anabel González recently made remarks about how with the uncertain future of digital technology, more cooperation is needed in order to create more trade opportunities.
GE Renewable Energy spokesperson on layoffs: 'These are difficult decisions'
By Karla Florez | Oct 10, 2022
General Electric confirmed plans to lay off 20% of its U.S. onshore wind workforce. The move will affect hundreds of jobs, CNBC reported.
Georgieva: Christensen named director of the Corporate Services for IMF
By Timothy Stuckey | Oct 3, 2022
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), has recently announced the appointment of Brian Christensen as IMF Director of Corporate Services and Facilities (CSF).
International Monetary Fund: ‘Surging prices since late 2020 have pushed inflation steadily higher’
By Solange DeLisle | Sep 15, 2022
Everyone has felt the financial pinch as costs for pretty much everything has gone up, but according to the International Monetary Fund food and energy prices are the main forces behind the global inflation surge.