IMF Completes Egypt Review, Approves New Arrangement
The Executive Board of the International Monetary Fund (IMF) has completed the fourth review of Egypt’s economic reform program supported by the EFF arrangement. This enables the authorities to immediately draw about US$1.2 billion (SDR 922.87 million), bringing Egypt’s total purchases under the EFF to about US$3,207 million (SDR 2,420.22 million or 119 percent of quota). Egypt’s 46-month...
US Dollar Faces Weekly Losses Amid Trade Tariff De-Escalation
markets analysis on behalf of Konstantinos Chrysikos Head of Customer Relationship Management at Kudotrade
The US Dollar remained under pressure, poised to end the week in negative territory as easing trade tensions boost risk appetite. Investor sentiment improved after the US rolled back tariffs on imports from Mexico and Canada, following Wednesday’s decision to halt a planned...
COVID-19 accelerates mobile wallet adoption across Asia-Pacific
Mobile wallet adoption and usage is poised for major growth in the next few years in the Asia-Pacific...
Top Two Highest Grossing Mobile Games in 2020 Rake in $5.1 Billion
Mobile game fortunes skyrocketed in 2020 thanks to shelter-in-place orders. In fact, the...
5G mobile subscriptions to reach 2.8 billion at 55% coverage rate by 2025
Data presented by Buy Shares indicates that the number of 5G global subscriptions is...
Gap Inc. accelerates digital transformation with Microsoft Cloud
Gap Inc. (NYSE: GPS) announced it has established a strategic partnership with Microsoft Corp. (Nasdaq: MSFT) to...
