Latest News
World Bank approves funding for Nigerian rural road improvement project
By Globe Banner | Dec 13, 2024
The World Bank has approved $500 million in concessional financing for the Rural Access Agricultural Marketing Project-Scale Up (RAAMP-SU) in Nigeria.
World Bank addresses rising food costs impacting child nutrition in Laos
By Globe Banner | Dec 13, 2024
High food prices in Laos are exacerbating child malnutrition, according to two policy notes released by the World Bank.
Barclays relocates Mumbai offices to Raheja Altimus for strategic growth
By Globe Banner | Dec 13, 2024
Barclays Bank PLC has announced the relocation of its Corporate and Investment Banking businesses in Mumbai to Raheja Altimus at Worli.
World Bank approves $80M funding for Sierra Leone's economic stability
By Globe Banner | Dec 13, 2024
The World Bank has approved an $80 million financing package to assist Sierra Leone in restoring macro-fiscal stability and enhancing economic resilience.
Societe Generale completes first repo transaction on blockchain with Banque de France
By Globe Banner | Dec 13, 2024
Societe Generale has announced the successful completion of a market transaction using blockchain technology.
World Bank highlights food inflation's impact on child malnutrition in Laos
By Globe Banner | Dec 13, 2024
Two World Bank policy notes have been released examining the impact of economic challenges on food prices and child nutrition in the Lao People's Democratic Republic (Lao PDR).
UOB appoints new group chief financial officer effective April 2025
By Globe Banner | Dec 13, 2024
UOB has announced the appointment of Mr. Leong Yung Chee as its new Group Chief Financial Officer (CFO), effective from April 22, 2025. Mr. Leong, currently serving as Head of Group Corporate Banking, will take over from Mr. Lee Wai Fai, who is...
Morgan Stanley sells stake in Höegh Evi; Igneo takes over
By Globe Banner | Dec 13, 2024
Morgan Stanley Investment Management has announced an agreement to sell its 50% ownership stake in Larus Holding Limited, the sole owner of Höegh Evi Ltd., to funds managed by Igneo Infrastructure Partners.
World Bank advises fiscal discipline for North Macedonia amid rising debt concerns
By Globe Banner | Dec 13, 2024
North Macedonia is facing a challenge with its growing debt, according to a new report by the World Bank Group.
BMO's treasury solutions earn four major awards highlighting digital innovation
By Globe Banner | Dec 12, 2024
BMO's Treasury & Payment Solutions division has been recognized with several industry awards in 2024, showcasing its commitment to digital innovation and customer experience.
World Bank approves $100 million aid to boost sustainable growth in Nepal
By Globe Banner | Dec 12, 2024
The World Bank's Board of Executive Directors has approved a $100 million development policy operation (DPO) to aid Nepal in advancing its efforts towards green, resilient, and inclusive development.
Women from ING share tech journeys
By Globe Banner | Dec 12, 2024
In the ongoing series "Women in Tech: The trailblazers," five women from various regions within the ING world share their stories and experiences in the technology sector.
World Bank funds $325M project to boost agriculture in Uttar Pradesh
By Globe Banner | Dec 12, 2024
The World Bank has approved a new project in Uttar Pradesh, India, aimed at increasing farmers' incomes through improved crop productivity, digital technology adoption, climate-resilient practices, and stronger market linkages.
Siemens introduces first hydrogen-powered passenger train service
By Globe Banner | Dec 12, 2024
Siemens Mobility has announced the introduction of its Mireo Plus H hydrogen trains into passenger service.
Siemens sets higher goals for smart infrastructure growth
By Globe Banner | Dec 12, 2024
Siemens Smart Infrastructure (SI) has surpassed its previous mid-term targets, achieving an 11% compound annual growth rate for revenue from fiscal 2020 to 2024.
FSB seeks members for taskforce on cross-border payment regulations
By Globe Banner | Dec 12, 2024
The Financial Stability Board (FSB) is calling for stakeholders in the cross-border payments market to join its Taskforce on Legal, Regulatory and Supervisory (LRS) matters.
Tanzania faces economic impact from unchecked climate change
By Globe Banner | Dec 12, 2024
Tanzania's ambition to become a middle-income country by 2050 faces significant challenges due to climate change, as outlined in the recent Country Climate and Development Report (CCDR) by the World Bank Group.
Targeted programs help Tunisian graduates find quality jobs
By Globe Banner | Dec 12, 2024
Finding employment after university graduation can be challenging for many young people in Tunisia.
Siemens partners with SuperTrak to enhance smart conveyance solutions
By Globe Banner | Dec 12, 2024
Siemens and SuperTrak CONVEYANCE™ have announced a collaboration aimed at enhancing smart conveyance solutions.
World Bank urges Tanzania to integrate climate action into development plans
By Globe Banner | Dec 12, 2024
The World Bank Group has released a new Country Climate and Development Report (CCDR) for Tanzania, highlighting the urgent need for climate action to mitigate potential economic setbacks.