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The phrase "a global settlement" is correct and usable in written English.
It can be used in contexts related to legal agreements, financial resolutions, or international negotiations that involve multiple parties coming to a consensus.
Example: "The countries involved in the trade dispute reached a global settlement that addressed tariffs and trade barriers."
Alternatives: "an international agreement" or "a worldwide resolution".
Exact(60)
"A global settlement -- rhetorically, it sounds great.
A global settlement was always unlikely and quickly became impossible.
"There was never a global settlement that all parties agreed to," Mr. Watson said.
"This was not just a settlement of a tax certiorari, it was a global settlement.
Some analysts said that Merck would eventually have to reach a global settlement.
Many suggest that Wall Street banks may seek a global settlement akin to the 2002 agreement related to stock research.
In an unusual move, Ally and ResCap said they had reached a global settlement of claims between the two.
The company should now make a global settlement to bring an end to this very sorry saga".
Block worked out an arrangement with three small Chicago law firms to sue it as part of a global settlement.
The cumulative penalties were negotiated as part of a global settlement with US, Brazilian and Swiss authorities.
To reach a global settlement, Andersen would also need to satisfy Enron itself, its creditors and possibly government regulators.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com