Latest News
ANZ announces cut in variable home lending rates following RBA's cash rate decision
By Globe Banner | May 20, 2025
ANZ has announced a reduction in interest rates for its variable rate home loan customers.
Consumer confidence rises amid steady inflation expectations
By Globe Banner | May 20, 2025
Consumer confidence experienced a modest increase last week, rising by 0.5 points to reach 88.8 points.
World Bank supports green jobs growth in Bangladesh's post-production industry
By Globe Banner | May 20, 2025
Bangladesh's content industry is experiencing growth, driven by an expanding media landscape and increasing digital consumption.
Forum on cross-border payments data holds inaugural meeting
By Globe Banner | May 20, 2025
Differences in laws, regulations, and practices between countries can create unnecessary frictions in cross-border payments, increasing costs and risks for businesses and individuals.
Skilled worker shortage eases slightly in Germany amid economic slowdown
By Globe Banner | May 20, 2025
In Germany, the shortage of skilled workers has decreased but remains historically high.
World Bank calls for improved transport to tackle Africa's growing food insecurity
By Globe Banner | May 20, 2025
In Sub-Saharan Africa, the journey from farm to table is filled with obstacles.
World Bank pledges support as new partnership framework launched in Bhutan
By Globe Banner | May 20, 2025
World Bank Managing Director for Operations Anna Bjerde concluded her first visit to Bhutan, where she reinforced the World Bank Group's commitment to supporting the country's economic and development objectives.
Siemens acquires Excellicon to enhance EDA capabilities
By Globe Banner | May 19, 2025
Siemens has announced an agreement to acquire Excellicon, a company known for its software that aids in the development, verification, and management of timing constraints.
World Bank aids Pacific Islands' healthcare improvement amid regional challenges
By Globe Banner | May 19, 2025
Between 2020 and 2024, the World Bank has facilitated health system improvements in Kiribati, Samoa, and Tuvalu, impacting around 340,000 people.
Siemens partners with TURN2X to boost green energy production
By Globe Banner | May 19, 2025
Siemens and TURN2X have entered into a partnership to enhance green energy production.
NCUA charters African Diaspora Federal Credit Union in St. Louis
By Globe Banner | May 19, 2025
The National Credit Union Administration (NCUA) has issued a federal charter and provided National Credit Union Share Insurance Fund coverage to the African Diaspora Federal Credit Union located in St. Louis, Missouri.
Islamic finance assets projected to reach $7.5 trillion by 2028 says Standard Chartered
By Globe Banner | May 19, 2025
Standard Chartered has released a report titled “Islamic Banking for Financial Institutions: Unlocking Growth Amidst Global Shifts,” forecasting that global Islamic finance assets will rise to USD 7.5 trillion by 2028.
World Bank relaunches partnership program for global asset management enhancement
By Globe Banner | May 19, 2025
The World Bank has approved the relaunch of its Reserve Advisory and Management Partnership (RAMP), a move aimed at bolstering global public asset management frameworks.
Transport connectivity identified as key factor in African food security challenges
By Globe Banner | May 19, 2025
Despite advancements in food production over the last thirty years, more than half of Africa's population still faces food insecurity.
World Bank director Anna Bjerde visits Bhutan to strengthen partnerships
By Globe Banner | May 17, 2025
Anna Bjerde, the World Bank's Managing Director of Operations, is visiting Bhutan for the first time.
World Bank supports Tonga's fiscal sustainability with $12 million grant
By Globe Banner | May 16, 2025
Tongans are set to benefit from a new phase of World Bank support designed to bolster public finances, enhance energy efficiency, and improve disaster preparedness.
Syria's debt to World Bank cleared by Saudi Arabia and Qatar
By Globe Banner | May 16, 2025
Effective May 12, 2025, Syria's outstanding debt of approximately $15.5 million to the International Development Association (IDA) has been cleared.
Report highlights challenges for Croatian women's workforce participation
By Globe Banner | May 16, 2025
Over the past decade, the labor market situation for Croatian women has improved significantly, nearing European Union (EU) averages.
World Bank approves $275M package for Pernambuco's fiscal improvement
By Globe Banner | May 16, 2025
The World Bank has approved a financing package to aid the State of Pernambuco in Brazil.
World Bank highlights urgent need for increased funding against global food crises
By Globe Banner | May 16, 2025
The World Bank Senior Managing Director, Axel van Trotsenburg, delivered remarks at the launch of the Global Report on Food Crises 2025.