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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

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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Green Finance Recovery Mechanisms Needed to Meet Infrastructure Financing Gap in Southeast Asia — ADB

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A new book by the Asian Development Bank (ADB) urges policy makers in Southeast Asia to use green and innovative financing approaches to help catalyze the estimated $3.1 trillion investments required for climate-adjusted infrastructure in the region by 2030. These investments from both public and private sources would be critical to the region’s economic recovery

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Deutsche Telekom to expand its fixed line network cooperation with Telefónica Deutschland/o2

Deutsche Telekom and Telefónica Deutschland/o2 are to extend their long-standing fixed line network collaboration and have agreed a contract for the next ten years. Deutsche Telekom will continue to grant its competitor and cooperation partner Telefónica access to its broadband network. For the first time, Deutsche Telekom has signed a long-term cooperation agreement for the

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