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Quebec-based LeddarTech trades on NASDAQ following merger with Prospector Capital Corp
By Globe Banner | Dec 31, 2023
LeddarTech, an automotive software company, recently announced the completion of its business combination with Prospector Capital Corp. The trading of LeddarTech stock on the Nasdaq Global Market commenced last week.
Cyclotherapeutics wraps merger with Applied Molecular Transport, Inc.
By Globe Banner | Dec 29, 2023
Cyclotherapeutics announced the completion of its acquisition of Applied Molecular Transport this week. The newly merged entity will concentrate on advancing a Phase 3 study evaluating Trappsol Cyclo for Niemann-Pick Disease Type C1.
U.S. State Department launches GIST Business Incubation for Georgian startups
By Globe Banner | Dec 29, 2023
The U.S. State Department has announced its program for startups, aimed at providing mentorship, U.S. market experience, and business model training.
World Trade Organization fisheries subsidies chair circulates draft document to prevent overcapacity and overfishing
By Globe Banner | Dec 27, 2023
Iceland's Ambassador Einar Gunnarsson has shared a new document aimed at reducing subsidies that contribute to overcapacity and overfishing. The draft text, guided by member proposals and discussions, may serve as a reference for the fisheries subsidies negotiations committee in their deliberations next month.
U.S. regulators acknowledge Binance's compliance improvements
By Globe Banner | Dec 21, 2023
Binance, the world's leading cryptocurrency exchange, has announced that U.S. regulatory agencies have not only confirmed the company's historical compliance issues but also acknowledged the efforts it has made to rectify them. This announcement comes after Binance reached a resolution with the U.S. government in November.
Blinken discusses Gaza aid with Jordanian Foreign Minister
By Globe Banner | Dec 21, 2023
Secretary of State Antony J. Blinken recently engaged in a conversation with Jordan's Deputy Prime Minister and Foreign Minister, Ayman Safadi.
Former regulator faces pushback for ‘delusional’ characterization of Binance founder
By Globe Banner | Dec 20, 2023
John Reed Stark, former head of the Office of Internet Enforcement at the U.S. Securities and Exchange Commission (SEC), drew a comparison between Changpeng Zhao's (CZ) compliance violations during his tenure as CEO of crypto exchange Binance and "mass murder." This characterization was disputed by Allan Endresz, founder of digital peer-to-peer currency Zucoins, who highlighted that numerous traditional banking executives have committed similar violations yet faced less severe consequences.
BusinessEurope Urges EU to Address Industry Concerns on Platform Work Directive
By Globe Banner | Dec 20, 2023
BusinessEurope Director General Markus J. Beyrer has expressed industry concerns ahead of the EU Member States meeting on the Platform Work Directive proposal. Beyrer emphasized that the "presumption of employment and additional regulatory burdens remain the key industry concerns around the Platform Work Directive."Beyrer highlighted the importance of resolving key issues surrounding the proposed rebuttable presumption of employment, stating that it should respect the principles of proportionality and subsidiarity. He also stressed the need for Member States to have the...
International Monetary Fund announces new Extended Credit Facility Arrangement for Somalia
By Globe Banner | Dec 19, 2023
Somalia reached a significant milestone last week with the completion of its involvement in the Heavily Indebted Poor Countries (HIPC) initiative. This achievement also marked the conclusion of a three-year Extended Credit Facility (ECF) arrangement. Following this, the International Monetary Fund (IMF) Executive Board has approved a new three-year ECF for Somalia this week.
Bhutan graduates from WTO Least Developed Countries work program
By Globe Banner | Dec 19, 2023
The World Trade Organization (WTO) has a work program specifically designed to assist countries designated as least developed by the United Nations. Until mid-December, Bhutan was one of the nations benefitting from this program.
Jacobs Solutions joins Joint Venture Prosperity as service provider to Sunwater Limited
By Globe Banner | Dec 19, 2023
Jacobs Solutions has announced a five-year partnership with Sunwater Limited of Queensland, Australia, as part of the Prosperity Joint Venture with AECOM. The contract involves providing engineering consulting support for Sunwater’s projects across various disciplines, including the upgrade of six dams over the next 12 years.
Quadient, Xero announce integration to simplify accounting for businesses
By Globe Banner | Dec 19, 2023
Quadient, a financial firm based in Paris, has announced its integration with Xero to enhance the accounts payable processes for small and medium-sized businesses. Quadient's Accounts Payable automation is increasingly being acknowledged for its ability to assist business owners with their accounting tasks.
INTIMINA’s new report calls on world to close the global gender health gap
By Globe Banner | Dec 19, 2023
The women's wellness brand, INTIMA, in collaboration with Sarah Graham, has released a report titled "A World Without The Gender Health Gap". The brand aims to address the disparities in women's health.
Protest planned in SNP Square prompts advisory from U.S. Embassy
By Globe Banner | Dec 19, 2023
The U.S. Embassy has issued a notice to its citizens regarding a protest scheduled for Tuesday, December 19th, in SNP Square.
BusinessEurope Reacts to Packaging and Packaging Waste Regulation Proposal
By Globe Banner | Dec 19, 2023
BusinessEurope Reacts to Packaging and Packaging Waste Regulation ProposalDec 19 2023Commenting on the Environment Council’s agreement on a General Approach on the proposal for a Packaging and Packaging Waste Regulation, BusinessEurope Director General Markus J. Beyrer highlighted the importance of both reuse and recycling in managing packaging waste. Beyrer stated, “Reuse and recycling of packaging waste are two sides of the same coin, and this should be better reflected in the regulation.”Beyrer emphasized that while reusable packaging can be a sustainable waste...
WTO Young Professionals 2023 farewell ceremony
By Globe Banner | Dec 18, 2023
The World Trade Organization (WTO) has announced that this year, 17 young professionals were assigned to 13 divisions of the WTO Secretariat, gaining firsthand experience in various aspects of the organization's work. At the farewell ceremony marking the official closing of the 2023 program, WTO Director-General Ngozi Okonjo-Iweala congratulated and wished the young professionals well.
Mediwave unveils AI-powered ambulance
By Globe Banner | Dec 18, 2023
In a collaboration with 1990 Suwa Seriya, Mediwave has launched an ambulance designed to enhance emergency care through what the company terms as "Mixed Reality and Artificial Intelligence." This innovative ambulance service was recently unveiled in Sri Lanka.
Miguel Pacheco joins Open Mineral Limited as Chief Financial Officer
By Globe Banner | Dec 17, 2023
Miguel Pacheco, a veteran in corporate finance, is set to assume the role of Chief Financial Officer (CFO) at Open Mineral Limited, an Abu Dhabi-based company. The firm anticipates that Pacheco's appointment will enhance its performance and standing.
Somalia receives 4.5 billion in debt relief from International Monetary Fund, World Bank
By Globe Banner | Dec 17, 2023
Somalia has reached the completion point of the Heavily Indebted Poor Countries (HIPC) Initiative, leading to significant debt service savings from the World Bank and International Monetary Fund (IMF). These savings are intended to bolster the nation's economy and provide access to additional resources. This announcement coincides with the sixth review of Somalia's Extended Credit Facility arrangement with the IMF.
World Trade Organization General Council discusses budget, 13th Ministerial Conference in December meeting
By Globe Banner | Dec 17, 2023
The World Trade Organization General Council (WTO) convened last week to discuss budgeting and preparation for the 13th Ministerial Conference scheduled to take place in Abu Dhabi next year.