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Middle market businesses show resilience amid declining economic optimism
By Globe Banner | Jun 25, 2025
Middle market business leaders are showing resilience despite a decline in optimism for the U.S. economy, according to J.P. Morgan's 2025 Business Leaders Outlook Pulse Survey released today.
World Bank supports Uzbekistan's small hydropower expansion with $150 million credit
By Globe Banner | Jun 25, 2025
The World Bank has approved a $150 million concessional credit to support Uzbekistan in enhancing its small hydropower (SHP) sector and strengthening electricity supply across the country.
World Bank approves $146 million grant for Syrian electricity restoration
By Globe Banner | Jun 25, 2025
The World Bank has approved a $146 million grant to Syria, aimed at improving the country's electricity supply and aiding its economic recovery.
Barclays UK appoints new head for mortgage intermediaries
By Globe Banner | Jun 25, 2025
Barclays UK has announced the appointment of Roland McCormack as Head of Mortgage Intermediaries.
World Bank approves $930 million for Iraq railway modernization
By Globe Banner | Jun 25, 2025
The World Bank has approved a $930 million financing package to enhance Iraq's railway system, aiming to improve domestic trade, create jobs, and diversify the economy.
U.S.-centric portfolios may need rebalancing for future global growth
By Globe Banner | Jun 25, 2025
For the past 15 years, U.S. equity markets have led global investing, outperforming other regions and drawing significant capital inflows.
Japan's initiative accelerates global efforts towards universal health coverage
By Globe Banner | Jun 25, 2025
Since the recommendations from the Ise-Shima G7 Summit in May 2016 and TICAD VI in August 2016, along with the Universal Health Coverage (UHC) Forum held in Tokyo in December 2017, the PHRD UHC Window has played a role in accelerating progress...
World Bank highlights steps for economic resilience in Turkish Cypriot economy
By Globe Banner | Jun 25, 2025
The Turkish Cypriot economy showed significant growth in 2024, but inflation and fiscal pressures remain high, according to a new World Bank report.
Comoros explores blue economy for sustainable economic growth
By Globe Banner | Jun 25, 2025
The Comoros Economic Update, titled "An Ocean of Opportunities: Blue Economy as a Driver of Sustainable Growth," provides an analysis of recent economic trends and the medium-term outlook for the country.
Economic inclusion program aims to reduce poverty in Lesotho
By Globe Banner | Jun 25, 2025
Lesotho is tackling persistent poverty through an Economic Inclusion Program (EIP) aimed at breaking the cycle of economic vulnerability.
PHRD Staff Grant Program integrates Japanese nationals into World Bank Group
By Globe Banner | Jun 25, 2025
The PHRD Staff Grant Program, initiated in fiscal year 2003, aims to integrate Japanese nationals into the World Bank Group (WBG) as staff members.
Energy progress report highlights disparities despite gains
By Globe Banner | Jun 25, 2025
The latest edition of the "Tracking SDG 7: The Energy Progress Report 2025" reveals that nearly 92% of the global population now has basic access to electricity.
Pamela Sinclair named EVP & CHRO at Everest Group
By Globe Banner | Jun 25, 2025
Everest Group, Ltd. has announced the appointment of Pamela Sinclair as Executive Vice President and Chief Human Resources Officer, effective July 14.
World Bank collaborates globally on labor mobility programs
By Globe Banner | Jun 25, 2025
Demand for skilled workers is increasing globally, while millions of workers migrate in search of employment.
Siemens Mobility partners with Swiss BLS for €110 million rail upgrade
By Globe Banner | Jun 25, 2025
Siemens Mobility has entered into a framework agreement with Swiss BLS Netz AG, valued at €110 million, to upgrade existing control and safety technology to the European Train Control System standard (ETCS Level 2).
World Bank approves $250M aid for Lebanon reconstruction
By Globe Banner | Jun 25, 2025
The World Bank has approved a $250 million financing package for Lebanon aimed at repairing and reconstructing critical public infrastructure in areas affected by conflict.
World Bank supports South Asia's climate resilience amid growing threats
By Globe Banner | Jun 24, 2025
South Asia, the world's fastest-growing region, faces significant challenges due to climate change.
Aquaculture's potential job creation highlighted in World Bank-WWF report
By Globe Banner | Jun 24, 2025
Aquaculture could create up to 22 million new jobs by 2050, according to a report highlighting a $1.5 trillion investment opportunity in the sector.
Insurance strategies address growing impact of natural disasters
By Globe Banner | Jun 24, 2025
Natural disasters, such as floods, droughts, earthquakes, and extreme heat, are becoming more frequent and costly due to climate change, urbanization, population growth, and increased construction in high-risk areas.
Rising temperatures may cut GDP by 2.5% annually in European cities by 2050
By Globe Banner | Jun 24, 2025
Cities in Europe and Central Asia face significant challenges due to rising temperatures, which could result in a decrease of 2.5% in annual GDP by 2050.