Latest News
World Bank forecasts declining commodity prices amid global slowdown
By Globe Banner | Oct 29, 2024
The World Bank has released its latest Commodity Markets Outlook, predicting a continued decline in most commodity prices into 2025. This follows a period of exceptional growth between 2021 and mid-2022. According to the report, energy prices are projected to drop by 14% next year after an expected fall of 26% this year.
Blackstone closes first series U.S. direct lending fund with $22 billion
By Globe Banner | Oct 29, 2024
Blackstone has announced the final closure of the first series of its U.S. direct lending fund, Blackstone Senior Direct Lending Fund (BXD), amassing $22 billion in investable capital.
Morgan Stanley honored with two industry awards from MMI/Barron's
By Globe Banner | Oct 28, 2024
Morgan Stanley has been recognized with two prestigious awards from the Money Management Institute (MMI) and Barron’s. The firm received the Wealth Manager Platform of The Year Award for its Morgan Stanley Wealth Management (MSWM) Select UMA...
COP29 focuses on finance as key issues take center stage
By Globe Banner | Oct 28, 2024
The upcoming UN Climate Change Conference, COP29, is scheduled to occur in Baku, Azerbaijan, from November 11-22.
World Bank grants $21 million for Samoan finance sector development
By Globe Banner | Oct 28, 2024
The World Bank has approved a $21 million grant to support the Samoa Finance Sector Resilience and Development Project.
KfW IPEX-Bank finances major Turkish wind farm project
By Globe Banner | Oct 28, 2024
KfW IPEX-Bank is playing a key role in the development of the "Enerjisa YEKA-2" onshore wind farm project in Türkiye.
Hexagon's R-evolution aims for sustainability through data-driven green-tech ventures
By Globe Banner | Oct 28, 2024
Erik Josefsson, CEO of R-evolution, a venture within Hexagon, discusses the company's efforts to accelerate the transition to a sustainable economy.
Sweden and Iceland invest in World Bank's hybrid capital
By Globe Banner | Oct 26, 2024
Sweden and Iceland have announced their commitments to invest in hybrid capital, a financial product that significantly enhances the World Bank's lending capacity.
Rogun hydropower plant project progresses towards regional energy security
By Globe Banner | Oct 26, 2024
Tajikistan is progressing with the Rogun Hydropower Plant Project, which aims to enhance energy security and promote renewable energy in Central Asia.
Yuanta Group wins 14 National Brand Yushan Awards across multiple categories
By Globe Banner | Oct 25, 2024
Yuanta Financial Holding Company (FHC) and its subsidiaries have received recognition at the 21st National Brand Yushan Awards, securing a total of fourteen awards.
Japan partners with World Bank in $1B portfolio guarantee deal
By Globe Banner | Oct 25, 2024
Japan has entered into a $1 billion portfolio guarantee agreement with the World Bank, aimed at enhancing financing for projects that tackle global challenges.
World Bank Conclave focuses on equipping youth with essential future job skills
By Globe Banner | Oct 25, 2024
In a rapidly evolving world influenced by digital technology, climate change, and fragility, the youth face new challenges and opportunities.
Japan commits $1 billion guarantee with World Bank for global projects
By Globe Banner | Oct 25, 2024
Japan has entered into a $1 billion portfolio guarantee agreement with the World Bank, aimed at increasing financing for projects that tackle global challenges.
Taiwanese children's programs gain international acclaim at Ketagalan Boulevard event
By Globe Banner | Oct 25, 2024
On October 19, the "Big FUN Ketagalan Boulevard - Children's Future City" event took place at Ketagalan Boulevard, attracting many families.
Latvia boosts contribution to World Bank fund by 60% amid global crises
By Globe Banner | Oct 25, 2024
Latvia has committed to increasing its financial contribution to the International Development Association (IDA) by 60%, amounting to €9.48 million.
World Bank focuses on jobs and gender at Annual Meetings
By Globe Banner | Oct 25, 2024
The World Bank Group's recent Annual Meetings showcased significant progress in its reform agenda and introduced a new focus on job creation.
World Bank sets targets for women's economic empowerment by 2030
By Globe Banner | Oct 24, 2024
The World Bank Group has announced the initial steps for implementing its Gender Strategy 2030, aiming to enhance economic opportunities for women globally.
International bodies propose coordinated approach on climate action in new joint report
By Globe Banner | Oct 24, 2024
Five international organizations have released a significant report detailing potential coordinated approaches to climate action, carbon pricing, and the cross-border effects of climate change mitigation policies. The report was presented by the Joint Task Force on Climate Action, Carbon Pricing, and Policy Spillovers, convened by the World Trade Organization (WTO) and joined by the International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations Conference on Trade and Development (UNCTAD), and the World Bank.
World Bank launches strategy for women's economic empowerment by 2030
By Globe Banner | Oct 24, 2024
The World Bank Group has announced its Gender Strategy 2030, aiming to enhance economic opportunities for women by 2030. The initiative was introduced at the 2024 World Bank Group Annual Meetings and focuses on three main areas: broadband access, social protection, and capital provision.
Spain increases financial commitment to International Development Association by nearly 40
By Globe Banner | Oct 24, 2024
Spain has announced a financial commitment of €400 million to the International Development Association (IDA), marking a 37% increase from its previous contribution.