Latest News
FSB plenary discusses global finance issues in Hong Kong
By Globe Banner | Dec 4, 2024
The Financial Stability Board (FSB) Plenary convened in Hong Kong over two days to discuss global financial stability and other key issues.
Montenegro faces urgent need for investment in climate resilience
By Globe Banner | Dec 4, 2024
Montenegro is facing serious climate challenges, including frequent floods, earthquakes, landslides, and increasingly severe droughts, wildfires, and heatwaves.
World Bank report shows modest growth in Afghan economy amid persistent challenges
By Globe Banner | Dec 4, 2024
The Afghan economy is experiencing moderate growth, but challenges persist, according to the World Bank's latest Afghanistan Development Update.
Bio24 Social wins KfW people's choice award for tackling loneliness
By Globe Banner | Dec 4, 2024
The startup Bio24 Social from Mecklenburg-Western Pomerania has been awarded the people's choice award as part of the KfW Entrepreneurs' Award.
World Bank approves $70M project for Morocco's social protection reform
By Globe Banner | Dec 4, 2024
The World Bank has approved a $70 million project to support Morocco's social protection reform.
World Bank report highlights inequality challenges hindering Africa's poverty reduction
By Globe Banner | Dec 4, 2024
Unequal access to jobs, finance, and public services is hindering poverty reduction in Sub-Saharan Africa, according to a World Bank report released on December 4, 2024.
Europe faces economic challenges amid Trump's proposed tariffs
By Globe Banner | Dec 3, 2024
A Trump presidency is expected to present new challenges for Europe, affecting the region's equities despite their low valuations.
Canada's economic outlook for 2025: Challenges and opportunities
By Globe Banner | Dec 3, 2024
The outlook for Canada's economy in 2025 suggests a mixed picture, with potential challenges and opportunities across various sectors.
World Bank invests $400M in Djibouti's development amid economic challenges
By Globe Banner | Dec 3, 2024
Djibouti, strategically located at the intersection of key trade routes, is poised to enhance its role in regional connectivity and integration.
Siemens collaborates with Eplan for improved machine engineering data integration
By Globe Banner | Dec 3, 2024
Siemens and Eplan have announced a collaboration aimed at enhancing data interoperability in machine engineering.
Developing nations' foreign debt hits record amid rising interest costs
By Globe Banner | Dec 3, 2024
Developing countries have experienced significant financial pressure, spending a record $1.4 trillion on foreign debt in 2023, according to the World Bank's International Debt Report.
Brazilian schools revamped amid rising temperatures with support from World Bank
By Globe Banner | Dec 3, 2024
Elizangela Dias Ferreira, a resident of Paraiso do Tocantins in Brazil, has seen significant changes at the Juscelino Kubitschek de Oliveira State School over the years.
World Bank Group revisits African development goals after two decades
By Globe Banner | Dec 3, 2024
The World Bank Group (WBG) has released a follow-up report titled "Africa in the 21st Century: Governance and Inclusive Green Growth," revisiting priorities from its 2000 publication, "Can Africa Claim the 21st Century?"
Celtics' charity drive raises $105K for YMCA's diabetes program
By Globe Banner | Dec 3, 2024
Sun Life U.S. and the Boston Celtics concluded their #SunLifeDunk4Diabetes campaign, raising $105,000 for the YMCA of Greater Boston.
KfW appoints Aida Welker to board; extends Dr Velibor Marjanovic's contract
By Globe Banner | Dec 3, 2024
KfW has announced the appointment of Aida Welker to the Management Board of its subsidiary, KfW IPEX-Bank.
Kazakhstan partners with World Bank to enhance water conservation efforts
By Globe Banner | Dec 3, 2024
The Ministry of Water Resources and Irrigation of Kazakhstan and the World Bank have formalized a partnership aimed at improving water resource management and promoting environmental sustainability.
World Bank approves loan for Maharashtra's economic growth initiative
By Globe Banner | Dec 3, 2024
The World Bank has approved a new loan to support Maharashtra, India's largest state economy, in its efforts to stimulate economic growth, particularly in underdeveloped districts.
Siemens partners with Tietoevry for Nordic power utility digitalization
By Globe Banner | Dec 3, 2024
Siemens and Tietoevry have announced a collaboration to enhance the digitalization of the power utility sector in the Nordic region.
Standard Chartered targets $200 billion net new money with strategic five-year plan
By Globe Banner | Dec 3, 2024
Standard Chartered has announced an ambitious plan to increase its net new money by USD200 billion over the next five years, alongside achieving double-digit growth in Wealth Solutions income.
Consumer confidence reaches highest level since May 2022
By Globe Banner | Dec 3, 2024
Consumer confidence has reached its highest level in 30 months, rising by 2.7 points to 88.4 points last week.