Latest News
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.
Brazil raises a glass to its wine industry as it expands internationally
By Laurie A. Luebbert | Sep 4, 2022
Brazil hopes to expand its wine and spirits industry, which has flourished in recent years.
'We are empowering many of the world's largest enterprises': Cohesity makes Forbes Cloud 100 for 4th consecutive year
By John Kelly | Aug 31, 2022
In an Aug.10 statement, Cohesity, an information technology company, revealed they were selected for the 2022 Forbes Cloud 100 for the fourth year in a row.
Real GDP decreases in second quarter by 1.6%: 'Imports decelerated'
By Andy Nghiem | Aug 28, 2022
The Bureau of Economic Analysis (BEA) recently conducted a "second" estimate showing that the nation's real gross domestic product (GDP) decreased at an annual rate of 0.6% in the second quarter of 2022.
MOUSA employment decreased in 2020, possibly due to COVID-19
By Donna Rolando | Aug 25, 2022
The number of people employed by majority-owned U.S. affiliates (MOUSAs) of foreign multinational enterprises dropped from 2019 to 2020, and COVID-19 may have been to blame.
Analyst: 'Russia's decree effectively expropriates foreign stakes in the Sakhalin Energy Investment Company'
By Karla Florez | Jul 12, 2022
Russian President Vladimir Putin recently raised the stakes in its financial conflict with Western parties, taking full control of the Russia-based Sakhalin-2 gas and oil project. Western offices worry the move could drive out Shell and Japanese investors, Reuters reported.
Reckitt’s Mead Johnson to deliver large infant formula shipment to the U.S. to help end the ongoing shortage
By Karla Florez | Jul 3, 2022
Reckitt, a British consumer goods company headquartered in Slough, England, has committed to providing the largest-ever delivery of infant formula to the U.S., according to Cision PR Newswire.