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The Latest Breaking News from EDC

Basic economics show why Mamdani's socialist grocery stores in NYC are destined to fail

The mayor's $70 million supermarket pits the city against a force that rarely loses: the market.

Fortune

'Destined to Fail': Mayor Mamdani Facing Fury Over £55M Taxpayer-Funded Supermarket Project

NYC Mayor Zohran Mamdani's £55 million supermarket initiative faces criticism for lacking key features and potential impact on local businesses, raising doubts about its feasibility and effectiveness.

International Business Times UK

NYC Mayor Zohran Mamdani Taps Amazon and Meta Antitrust Foe Lina Khan for Key Economic Role as Wall Street Watches for a Regulatory Shift

New York City Mayor Zohran Mamdani (D) appointed former Federal Trade Commission Chair Lina Khan to lead the board of the city’s Economic Development Corporation, placing one of Big Tech’s fiercest critics at the center of his economic agenda.

Benzinga

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Mamdani taps Lina Khan and Tony Shorris for key New York economic posts

Appointments mark a shift in the city’s development agencies as the mayor shapes his economic agenda

The Guardian - US

MoU to ramp up trade with Canada

Export Development Canada (EDC), Canada's export credit agency, has signed a memorandum of understanding with the Export-Import Bank of Thailand (EXIM Thailand) to advance bilateral investment and increase trade and cooperation between the two nations and the broader Asia Pacific region.

Bangkok Post

PMET Resources Receives Letter of Interest from Société Générale for Shaakichiuwaanaan Project Financing

MONTREAL, June 3, 2026 /PRNewswire/ -- June 03, 2026 – Sydney, Australia - PMET RESOURCES INC. (THE "COMPANY" OR "PMET") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce that it has received a non-binding Letter of Interest ("LOI") from Société Générale ("SG"), a leading international corporate…

AAP

PMET Resources Receives Government-Backed Letters of Support for Shaakichiuwaanaan Financing

MONTREAL, May 19, 2026 /PRNewswire/ -- May 19, 2026 – Sydney, Australia HighlightsPMET has received non-binding letters of support from Export Development Canada ("EDC"), Germany's KfW IPEX-Bank and another major Canadian Government financial institution as part of advancing its ongoing financing strategy for the Shaakichiuwaanaan Project.EDC is Canada's export credit…

AAP

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Mamdani Reportedly Pushes $70 Million Grocery Store Proposal Amid $5.4 Billion Budget Gap

Amid a $5.4 billion budget deficit, the mayor of New York City is pushing forward with a proposal that has historically yielded terrible results.

Reason

Ericsson Strikes $3 Billion Canada Deal To Power 5G, Quantum Innovation

Ericsson (NASDAQ:ERIC) shares are trading lower on Wednesday. The company disclosed a $3 billion three-year partnership with Export Development Canada (EDC).

Benzinga

The plan for a European army within Nato – archive, 1952

In May 1952, a treaty established the European Defence Community, an attempt by western European powers, with US support, to create a supranational army

The Guardian - UK

Kick Off 2025 in Style: Sun Club NYD Returns with an Unmissable Lineup at Riviera Beach Club

Melbourne’s iconic Riviera Beach Club is set to transform this New Year’s Day into the ultimate summer party destination with Sun Club NYD 2025. Featuring a stellar lineup, breathtaking beachside views, and exclusive VIP offerings, this event promises to be the perfect way to launch 2025.

inkl

Canadian export agency ‘nursing losses’ after lending $1bn to Thames Water

State-backed body EDC has reportedly sold at deep discount five loans made to debt-ridden UK utility

The Guardian - UK

Punjab cabinet approves new excise policy, aims at over ₹10,000-Crore collections

The Punjab cabinet gave its nod to the excise policy for 2024-25.

The Hindu

Eco-restoration project covers Anamudi Shola national park area in Munnar with natural grasslands

Munnar Wildlife Division has converted a park filled with exotic species of trees into 50 hectares of forest land, encouraging wildlife presence and food and water for animals in an anticipatory step towards curbing human-animal conflict

The Hindu

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The Hindu

Organic farming brings rich dividends to Vanchivayal in Idukki

The Conversation

How Indigenous economic development corporations can support a just, low-carbon energy transition

There are over 50,000 Indigenous businesses in Canada today. According to the 2020 census, the Indigenous economy generated a gross domestic product of $48.9 billion dollars. A growing number of First Nations, Inuit and Métis communities are establishing economic development corporations (EDCs), of which many are involved in the renewable…

Bangkok Post

CPN, EDC team up to develop data centre

Central Pattana Plc (CPN) is partnering with Evolution Data Centres (EDC) to develop a 34-megawatt data centre.

Tech&Learning

Building a Computer Science Program

Best Practices to Build a Computer Science Program

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Tribune News Service

LGBTQ, health groups see divide on digital protection bill

WASHINGTON — Lobbyists are at odds over the possible inclusion of a bipartisan children’s digital protection bill in a year-end spending bill, sparking confusion between groups who often align on policy aims.

Roll Call

LGBTQ, health groups see divide on digital protection bill - Roll Call

The bill aims to regulate social media in a way designed to protect kids and reduce the risk of exacerbating mental health concerns.

The Times of India

Goa to soon start women-run ‘pink rickshaws’: CM Pramod Sawant

PANAJI: Chief minister Pramod Sawant on Thursday said that soon the pink rickshaw project will be launched in the state on the lines of Goa police’s pink force. “Soon, you will see pink rickshaws by women running on the streets of the state,” he said.

People

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Organisations