Latest News
Patton on ethical AI: 'The future of AI lies in its ability to solve real-world problems'
By J. D. Suayan | Dec 10, 2024
Damien Patton, founder of the artificial intelligence (AI) company Banjo, is calling for greater transparency and accountability in the development of AI, warning that its future success depends on responsible innovation.
Report reveals growth potential for investors in women's professional sports
By Globe Banner | Dec 10, 2024
The global sports ecosystem is experiencing a transformation, with women's sports poised for substantial growth.
RBC Wealth Management offers insights into global economic trends for 2025
By Globe Banner | Dec 10, 2024
The past two years have been marked by significant valuation multiple expansion in the equity markets, overshadowing actual earnings growth.
Carla Novak promoted at RBC Wealth Management leading Pacific Northwest
By Globe Banner | Dec 10, 2024
RBC Wealth Management has announced the promotion of Carla Novak to lead its Pacific Northwest complex.
FSB proposes policies to strengthen non-bank readiness for margin calls
By Globe Banner | Dec 10, 2024
The Financial Stability Board (FSB) has issued a set of policy recommendations aimed at improving the liquidity preparedness of non-bank market participants.
DEG invests $20M in Mexican sustainable housing through Vinte's SDG bond
By Globe Banner | Dec 10, 2024
DEG has strengthened its partnership with Vinte Viviendas Integrales, S.A.B. de C.V. (Vinte) by investing in sustainable housing projects in Mexico.
Morgan Stanley Capital Partners acquires Prescott's from Atlantic Street Capital
By Globe Banner | Dec 10, 2024
Investment funds managed by Morgan Stanley Capital Partners (MSCP) have reached an agreement to acquire Prescott’s, a provider of specialty outsourced clinical engineering services in the healthcare sector.
Kenya's GDP growth forecast slows; reforms needed for sustainable progress
By Globe Banner | Dec 10, 2024
Kenya's economic growth is expected to slow down in 2024, with GDP projected to grow at 4.7%, a decrease from 5.6% in 2023, according to the latest Kenya Economic Update released today.
World Bank reports deepening economic crisis in Lebanon amid ongoing conflict
By Globe Banner | Dec 10, 2024
Lebanon's economy has faced a significant setback, with real GDP growth declining by an estimated 6.6% in 2024 due to ongoing conflict.
Standard Chartered forecasts flat global economic growth amid rising protectionism
By Globe Banner | Dec 10, 2024
Standard Chartered has projected a slight slowdown in global economic growth for 2025, with expectations of a decrease from 3.2% in 2024 to 3.1%.
Pan-Arab Electricity Market moves forward with new agreements signed
By Globe Banner | Dec 10, 2024
The Pan Arab Electricity Market (PAEM) is moving forward with its initiative to integrate the power systems of Arab countries.
Fubon Financial reports record-breaking earnings for November 2024
By Globe Banner | Dec 10, 2024
Fubon Financial Holdings has announced its earnings results for November 2024, reporting an unaudited consolidated pre-tax profit of NT$12.94 billion and a net profit of NT$10.36 billion.
IMF official concludes Nairobi visit discussing economic resilience with Kenyan leaders
By Globe Banner | Dec 10, 2024
Nairobi, Kenya: Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), concluded his visit to Kenya with a statement expressing gratitude for the hospitality received during his stay from December 8–10, 2024.
Consumer confidence drops post Black Friday sales amid declining economic indicators
By Globe Banner | Dec 10, 2024
Consumer confidence experienced a decline last week, dropping 2.9 points to reach 85.5 points.
Lebanon Economic Monitor reports on escalating economic challenges
By Globe Banner | Dec 10, 2024
The Fall 2024 edition of the Lebanon Economic Monitor (LEM) has been released, titled "Mounting Burdens on a Crisis-Ridden Country."
IMF assesses Haiti's multifaceted crisis during 2024 Article IV consultation
By Globe Banner | Dec 10, 2024
The International Monetary Fund (IMF) Executive Board has completed its Article IV consultation with Haiti, assessing the country's ongoing challenges and economic outlook.
World Bank offers strategies to bolster Mongolia's financial stability
By Globe Banner | Dec 10, 2024
Two reports released by the World Bank highlight recommendations to enhance Mongolia's financial and private sectors.
Philippines' economy set for robust growth despite challenges
By Globe Banner | Dec 10, 2024
The Philippines is expected to maintain strong economic growth amid global geopolitical tensions, according to the latest Philippines Economic Update (PEU) from the World Bank.
World Bank report highlights ongoing poverty issues in resource-rich South Sudan
By Globe Banner | Dec 10, 2024
A recent report by the World Bank reveals that poverty remains a significant issue in South Sudan despite its abundant resources.
Trade digitalization emphasized at Informal Working Group meeting
By Globe Banner | Dec 10, 2024
The Informal Working Group, following a proposal by the United Kingdom, recently focused on the role of trade digitalization and paperless trading in supporting small businesses' entry into global markets.