Economic growth

Global Trust and Corporate Service Market Insights and Forecasts Report 2023-2028 - ResearchAndMarkets.com

Retrieved on: 
Friday, November 17, 2023
Professional Services, Business, Transfer, Intertrust Group, FDI, TMF Group, Organization, HNWI, Economic growth, JTC plc, Workforce, Investment, Growth, Investment company, Trust, JTC, Wilmington Trust, COVID-19, SPV, Sanne Group, M&T Bank, Management, Security (finance), Tourism, Ocorian, Vistra Corp

The "Global Trust and Corporate Service Market (by Alternative Asset, Segment, & Region): Insights and Forecast (2023-2028)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Trust and Corporate Service Market (by Alternative Asset, Segment, & Region): Insights and Forecast (2023-2028)" report has been added to ResearchAndMarkets.com's offering.
  • The global trust and corporate services market value is expected to reach US$11.96 billion in 2023, growing at a CAGR of 4.98% over the projected period.
  • North America currently dominates the trust and corporate service market, driven by a thriving tech sector that has fueled substantial wealth growth.
  • Furthermore, the growing need for regulatory compliance is a significant factor supporting the expansion of the trust and corporate service market in Europe.

Attentive Energy One Selected by New York State to Power Over 700,000 Homes with Offshore Wind

Retrieved on: 
Friday, November 17, 2023
Woman, Climate change, City, Ravenswood Generating Station, Investment, Growth, K-12, UWUA, NYCHA, IBEW, Workforce, Project Labor Agreement, Fishery, Wind, Heart, Wind power, Health, Ageing, NAACP, Development, Business manager, Syracuse University, Innovation, Public, League of Conservation Voters, Capital region, State university system, Economic development, College, Rise, Corio, Yard, Biodiversity, Houston Lighting & Power, NYSERDA, Stony Brook University, TotalEnergies, Asthma, Carbon, Research, New Yorker, Oceanography, Cornell University, Private sector, Economic growth, Environment, Renewable energy, Nursing, Queensbridge, LIC

NEW YORK, Nov. 17, 2023 /PRNewswire/ -- Attentive Energy One – a joint venture between TotalEnergies, Rise Light & Power, and Corio Generation – has been selected by Governor Kathy Hochul and the New York State Energy Research and Development Authority (NYSERDA) in New York State's highly competitive third offshore wind solicitation to negotiate an offtake agreement with NYSERDA. This 1,400 MW offshore wind project will support the nation's first renewable repowering of a major fossil fuel generator, retiring and replacing a 60-year-old unit at Ravenswood Generating Station in Long Island City. Once operational, the project is expected to power over 700,000 New York homes from an area more than 50 miles from the nearest point onshore in New York.

Key Points: 
  • When we decided to enter the U.S. market, we quickly identified New York as a clean energy, economic development, and offshore wind leader.
  • Attentive Energy One's Key Commitments:
    Attentive Energy One will retire and replace fossil-fuel generation at the Ravenswood Generating Station with offshore wind.
  • "Attentive Energy One is a case study on how to do offshore wind right," said New York Offshore Wind Alliance Director Fred Zalcman.
  • "Attentive Energy One's project positively impacts people living and working across New York State and further solidifies the Capital Region's standing as a major offshore wind component manufacturing hub.

Bank of Botetourt posts profitable third quarter financial results

Retrieved on: 
Thursday, October 26, 2023
Insurance, Sale, Bank, III, Family, Interest, Economic growth, Dividend, Consumer Protection Act, Real estate, Cryptocurrency, Holding company, Life insurance, Botetourt

BUCHANAN, Va., Oct. 26, 2023 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) announced today its unaudited financial results for the three and nine months-end September 30, 2023.

Key Points: 
  • BUCHANAN, Va., Oct. 26, 2023 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) announced today its unaudited financial results for the three and nine months-end September 30, 2023.
  • CEO & Vice-Chairman, G. Lyn Hayth, III stated "Despite navigating a challenging net interest margin landscape, we produced strong financial results for the third quarter.
  • Bank of Botetourt qualified to opt-in to the Community Bank Leverage Ratio ("CBLR").
  • As of September 30, 2023 Bank of Botetourt reported its CBLR ratio at 10.51% which meets the required regulatory minimum ratio.

"HUGE" PROGRESS TAKING PLACE IN THE NORTHERN TRIANGLE COUNTRIES OF CENTRAL AMERICA AS IT BECOMES A DYNAMIC PLATFORM FOR NEARSHORING

Retrieved on: 
Monday, October 23, 2023
Edward M. Kennedy Serve America Act, Second Continental Congress, Education, Housing, Health, Millicom, Investment, Congress, Legislation, American Investment Council, Presidency of Joe Biden, Economic growth, Environment, Private sector, AT, Sponsor, Target Corporation, American Dream, Under Secretary of State for Economic Growth, Energy, and the Environment, Drug, Renewable energy, Northern Triangle of Central America

The discussion included partnerships with development banks to further enhance the relationship of the Central American Northern Triangle private sector with key players in the USA.

Key Points: 
  • The discussion included partnerships with development banks to further enhance the relationship of the Central American Northern Triangle private sector with key players in the USA.
  • "I want to commend the ThinkHUGE team for the invaluable work you are doing to address the main challenges facing Central America.
  • "Today, the people in the Northern Triangle countries of Central America want more security and a job to feed their families.
  • A win for the workers of the Northern Triangle countries, who would rather be with their families at home.

Speakers and Award Recipients Announced for Dotmount Communications' AIDCA 2023 Summit

Retrieved on: 
Monday, August 21, 2023
Federal Inland Revenue Service, Executive, Bedrock, Public Investment Fund, South African Industrial Federation, United Nations, International Fund for Agricultural Development, Atlas, Partex Group, Fidelity Bank, Dangote Group, King in Council (Sweden), Investment, United, Growth, Newcastle United F.C., Twon-Brass, Thermal expansion, Kingdom, Role, National Petroleum Council (US), Sustainable development, Economic growth, Conference, Egypt Economic Development Conference, Film industry, Renewable energy, Drug, Creative industries

Abuja, Nigeria--(Newsfile Corp. - August 21, 2023) - According to the organizers, Dotmount Communications, the event is slated for the 26th and 27th of October 2023, at the Transcorp Hilton Hotel Abuja Nigeria.

Key Points: 
  • Abuja, Nigeria--(Newsfile Corp. - August 21, 2023) - According to the organizers, Dotmount Communications, the event is slated for the 26th and 27th of October 2023, at the Transcorp Hilton Hotel Abuja Nigeria.
  • Saudi wealth fund boss Yasir Al-Rumayyan, Prince Artur Eze, Aliko Dangote, others are among the participants.
  • This highly anticipated event will feature distinguished speakers and panelists who will provide invaluable insights into critical sectors of the economy.
  • Notable participants and award recipients include Prince Arthur Eze, a Nigerian businessman who is CEO of Atlas Oranto Petroleum, the largest privately-owned petroleum exploration and production company in Nigeria.

Fraser Institute News Release: Canada’s aging population could lower per person income (broadly measured) by $11,200 over the next 20 years

Retrieved on: 
Thursday, August 3, 2023
Statistics, Effect, Public policy, Fraser Institute, Bangladesh Technical Education Board, Ageing, Population ageing, GDP, Statistics Canada, Economic growth, Health insurance

VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Under fast-aging population projections, Canada’s aging population could lower per person GDP, a broad measure of income, by $11,200 by 2043, finds a new study published by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

Key Points: 
  • VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Under fast-aging population projections, Canada’s aging population could lower per person GDP, a broad measure of income, by $11,200 by 2043, finds a new study published by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
  • Canadians aged 65 years and older accounted for 18.8 per cent of the population in 2022.
  • Over time, this small difference in per person GDP growth rates can have large effects.
  • “As the population continues to age, it will only compound Canada’s ongoing economic and fiscal challenges,” said Fuss.

Bank of Botetourt posts profitable second quarter financial results

Retrieved on: 
Thursday, July 27, 2023
Insurance, Interest, Sale, Consumer Protection Act, Dividend, Bank, Economic growth, III, Family, Real estate, Life insurance, Holding company, Cryptocurrency, Botetourt

BUCHANAN, Va., July 27, 2023 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) announced today its unaudited financial results for the three and six months-end June 30, 2023.

Key Points: 
  • BUCHANAN, Va., July 27, 2023 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) announced today its unaudited financial results for the three and six months-end June 30, 2023.
  • The Bank produced net income amounting to $1,993,000 or $0.96 per basic share in the second quarter.
  • Bank of Botetourt continues to sustain significant loan growth while conserving strong relationships with our current customers."
  • Bank of Botetourt qualified to opt-in to the Community Bank Leverage Ratio ("CBLR").

Wipro Expands Presence in South Africa, Inaugurates New Office in Cape Town

Retrieved on: 
Thursday, June 22, 2023
Consulting, Data Management, Technology, Construction & Property, Professional Services, Other Technology, Telecommunications, Software, Networks, Internet, Other Construction & Property, BSE, Wipro, DTI, BBBEE, Mother city, NSE, Limited, ICT, City, Metro, BPO, Business process, Economic growth, NYSE, Drug

Anis Chenchah, Chief Executive Officer – Asia Pacific, Middle East and Africa (APMEA), Wipro Limited and Member of the Wipro Executive Board, said, “The inauguration of our office in Century City, Cape Town, is a significant milestone for Wipro as it emphasizes our commitment to invest in and expand our presence across South Africa.

Key Points: 
  • Anis Chenchah, Chief Executive Officer – Asia Pacific, Middle East and Africa (APMEA), Wipro Limited and Member of the Wipro Executive Board, said, “The inauguration of our office in Century City, Cape Town, is a significant milestone for Wipro as it emphasizes our commitment to invest in and expand our presence across South Africa.
  • “The Business Process Outsourcing (BPO) sector in Cape Town is booming and currently more than 70,000 Capetonians are employed in the industry.
  • In 2021, the international BPO market in Cape Town contributed around R14 billion to the metro's economy.
  • Warren Zambelli, Managing Director – Africa, Wipro Limited, said, “Wipro is developing talent and creating jobs with clients that will yield a lasting impact for our communities in South Africa.

Ardagh Group announces Africa Centre of Excellence

Retrieved on: 
Monday, May 29, 2023
Center of excellence, Food, COE, Education, Investment, EXL, Ardagh Group, Multimedia, Mayor's Committee on Receptions to Distinguished Guests, Science, School, Ardagh, City, Acquisition, Capacity building, Engineering, STEM, Mathematics, Economic growth, Glass, Tourism, African

LUXEMBOURG, May 29, 2023 /PRNewswire/ -- Ardagh Group, a global supplier in sustainable packaging solutions, today announced the first step towards the creation of a global Centre of Excellence (CoE) to be established in Cape Town, South Africa. Ardagh's new CoE will deliver certain IT services to Ardagh's businesses across Europe, the Americas, and Africa.

Key Points: 
  • "With world-class technology skills and an established infrastructure, Cape Town provides the perfect home for Ardagh's new Centre of Excellence," said Paul Coulson, Chairman, Ardagh Group.
  • "With social development at the core of our sustainability strategy, our Centre of Excellence in Africa will help to empower local youth as well as underpin Ardagh's future in, and commitment to, the region.
  • Ardagh's 2022 acquisition of Consol Glass, now known as Ardagh Glass Packaging – Africa, has been followed by further investment to meet growing demand for sustainable glass packaging in South Africa.
  • Ardagh Glass Packaging – Africa operates seven production facilities in South Africa, Nigeria, Kenya and Ethiopia, manufacturing a range of glass packaging for the food, beverage and pharmaceutical industries.

Bank of Botetourt posts strong first quarter financial results

Retrieved on: 
Thursday, April 27, 2023
Goodwill Industries, Insurance, Town, Partnership, Interest, Current Expected Credit Losses, Tax, Sale, Consumer Protection Act, ATM, Dividend, Inter-satellite service, CECL, Valley, West Virginia Mountaineers football statistical leaders, Bank, ACL, Economic growth, III, FASB, Real estate, Cryptocurrency, Holding company, Life insurance, Botetourt

BUCHANAN, Va., April 27, 2023 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) announced today its unaudited financial results for the quarter-ended March 31, 2023.

Key Points: 
  • BUCHANAN, Va., April 27, 2023 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) announced today its unaudited financial results for the quarter-ended March 31, 2023.
  • CEO & Vice-Chairman, G. Lyn Hayth, III stated "Our first quarter financial results exceeded budget expectations.
  • Bank of Botetourt adopted FASB's Topic 326, Financial Instruments - Credit Losses ("CECL") effective January 1, 2023.
  • The Bank also plans to provide access to financial literacy and coaching services to help improve financial wellness.