Latest News
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.
ING updates progress on €2 billion share buyback program
By Globe Banner | Dec 3, 2024
ING has provided an update on its ongoing €2.0 billion share buyback program, initially announced on October 31, 2024.
Morocco's efforts aim to preserve oases amid climate challenges
By Globe Banner | Dec 3, 2024
Morocco's oases are more than just a symbol of life in the desert.
Saudi Arabia partners with World Bank Group to launch Knowledge Hub in Riyadh
By Globe Banner | Dec 3, 2024
The Kingdom of Saudi Arabia and the World Bank Group have signed an agreement to establish a Knowledge Hub in Riyadh.
UK economy faces challenges amid low stock market valuations
By Globe Banner | Dec 3, 2024
The UK economy is facing challenges, but the stock market's low valuations may offer long-term opportunities.
Macquarie Asset Management unveils investment outlook for 2025
By Globe Banner | Dec 3, 2024
Macquarie Asset Management has released its Outlook 2025 report, offering insights into the factors expected to shape the investment landscape and asset class performance in the coming year.
Survey shows growth expected in sustainable investing over next two years
By Globe Banner | Dec 3, 2024
A recent survey conducted by the Morgan Stanley Institute for Sustainable Investing indicates that a significant majority of institutional investors anticipate growth in sustainable assets over the next two years.
Cinema boosts drive UK entertainment spend despite economic challenges
By Globe Banner | Dec 3, 2024
Consumer spending in the UK experienced a mixed performance in November, according to the latest Barclays Consumer Spend report.
ING acknowledges 2024 EU-wide Transparency Exercise outcome
By Globe Banner | Dec 2, 2024
ING Groep N.V. has acknowledged the announcements made by the European Banking Authority (EBA) and the European Central Bank (ECB) concerning the 2024 EU-wide Transparency Exercise.