ADB

Incoming ADB Chief Kanda Monitors US Policy Amid Trump’s Potential Return

18 days ago

As the incoming president of the Asian Development Bank (ADB), Masatsugu Asakawa has made it clear that he will be keeping a close watch on the changing political landscape in the United States. With the potential for Donald Trump to re-enter the political arena and run for president in the upcoming 2024 elections, Kanda is acutely aware of how US policy and leadership decisions could have significant ramifications for Asia's economic stability and development initiatives.

Egypt Aims to Reassess Economic Goals Ahead of IMF Program Conclusion

1 month ago

In a recent statement, Egypt's Prime Minister, Mostafa Madbouly, announced the government's intention to evaluate its economic objectives as it approaches the end of its current program with the International Monetary Fund (IMF). This move is seen as a critical step for the country, which has faced numerous economic challenges in recent years, including inflation, currency devaluation, and a foreign exchange shortage.

AST SpaceMobile Secures Launches from Blue Origin to Boost Satellite Network

1 month ago

AST SpaceMobile, a pioneering company in the satellite communications sector, has made a significant strategic move by securing a deal with Blue Origin, the aerospace company founded by Amazon magnate Jeff Bezos. This collaboration marks a crucial step in AST SpaceMobile's ambition to enhance its satellite network capabilities aimed at providing mobile broadband services globally.

Canada's BCE Expands Horizon: $3.6 Billion Acquisition of Ziply Networks

2 months ago

In a significant move signaling its ambitions beyond Canadian borders, BCE Inc., the parent company of Bell Canada, has announced its entry into the American telecommunications market through the acquisition of Ziply Networks for a staggering $3.6 billion. This strategic acquisition not only enhances BCE's growth trajectory but also reflects an aggressive push into the competitive U.S. broadband sector.

ADB Predicts Greater Economic Growth in Asia Amid Lower Prices Driven by China's Deflation Crisis

3 months ago

The Asian Development Bank has revised the forecast on economic growth for Asia upwards despite deflationary pressures emanating from China, its giant economy. This was contained in a comprehensive report detailing the fresh projection of the region's economic trajectory, which was published recently.