Business - Page 267

The latest American Stock News Business News: breaking personal finance, company, financial and economic news, analysis into global markets

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ADB to Scale Up Operations in PNG by $1 Billion with Renewed Development Partnership Strategy

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The Asian Development Bank (ADB) has endorsed a new country partnership strategy (CPS) for Papua New Guinea (PNG) covering 2021–2025. A blueprint for ADB’s operations in PNG, the new CPS focuses on developing the transport and energy sectors; reforming state-owned enterprises; promoting private sector development and investment; and assisting the government in achieving their development

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Antitrust: Commission accepts commitments by Broadcom to ensure competition in chipset markets for modems and set-top boxes

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The European Commission has made commitments offered by Broadcom legally binding under EU antitrust rules. Broadcom will suspend all existing agreements containing exclusivity or quasi-exclusivity arrangements and/or leveraging provisions concerning Systems-on-a-Chip (“SoCs”) for TV set-top boxes and Internet modems, and has committed not to enter into new agreements comprising such terms.

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EU backs MMI’s Robotic System for Microsurgery

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MMI SpA, an Italian company dedicated to improving clinical outcomes for patients undergoing microsurgery, has signed a financing agreement with the European Investment Bank (EIB) granting access to up to €15 million ($17.74 million), to be deployed over the coming years to support its long-term financial strategy.

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