Funding

Alisher Usmanov

Russian tycoon to fund restoration of ancient Roman basilica

Russian tycoon, Alisher Usmanov, is to finance the restoration of one of ancient Rome's biggest public buildings, topping up the funding that Italy urgently needs to prop up its crumbling monuments after three years of recession.

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Spotify

Spotify nears deal to raise $400 mln, valuing it at $8.4 billion: WSJ

Spotify AB is nearing a deal to raise $400 million, valuing the music streaming service provider at $8.4 billion, the Wall Street Journal reported, citing people familiar with the matter.

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Bhavish Aggarwal

India's Ola raises about $314 million in fresh funding: company filing

India's biggest online cab-hailing service Ola has raised about $314 million in a fresh funding round from investors led by Russian billionaire Yuri Milner's DST Global, a company filing showed.

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China

China charity law set to boost public trust in charities

China has prepared a draft law for charities to register directly with the government, making it easier for them to raise funds and gain tax exemptions, while allaying public concern over the way they are run, following some high-profile scandals.

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Cerberus Capital Management LP

Cerberus seeks over $3 billion for private equity fund

Cerberus Capital Management LP is seeking more than $3 billion for its latest flagship private equity fund to invest in distressed assets such as non-performing loans and ailing companies that need to be restructured, people familiar with the matter said.

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London's Globe theatre

Shakespeare's Globe theaters sets stage for new funding for culture

William Shakespeare's Globe theaters is taking on a new role as a financial trail-blazer by seeking to tap into a form of funding dominated to date by social enterprises and charities.

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Pinterest

Pinterest's latest funding round values it at $11 billion: WSJ

Photo-sharing application company Pinterest has raised $367 million in its latest round of funding, according to a filing with the Securities and Exchange Commission on Monday.

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Snapchat

Snapchat seeks new funding at up to $19 billion valuation: Bloomberg

Snapchat is looking to raise as much as $500 million in a new funding round that would value the mobile messaging company at up to $19 billion, Bloomberg reported on Tuesday, citing a person with knowledge of the matter.

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Ebola

IMF grants $100 million debt relief to Ebola-hit countries

The International Monetary Fund has granted Guinea, Liberia and Sierra Leone debt relief of about $100 million in total, the first time a global institution has provided such relief to the three West African nations hardest hit by the Ebola outbreak.

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Bill Gates

Gates, UK take lead in $7.5 billion pledge for children's vaccines

International donors pledged $7.5 billion on Tuesday to immunize 300 million children in poor countries against deadly diseases such as diarrhea and pneumonia.

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Bill and Melinda Gates

Gates foundation sees huge gains against disease, poverty by 2030

Worldwide child deaths will be halved over the next 15 years, polio, guinea worm and river blindness will be eradicated, and there will be a single-dose cure for malaria.

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SpaceX

SpaceX raises $1 billion in funding from Google, Fidelity

Space Exploration Technologies (SpaceX), founded by Elon Musk, said it has raised about $1 billion in a financing round with two new investors, Google Inc and Fidelity.

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Xiaomi

China's Xiaomi raises $1.1 billion from investors at $45 billion valuation

China's Xiaomi Inc [XTC.UL], one of the world's fastest-growing smartphone makers, has raised $1.1 billion in a round of funding that cements its status as one of the world's most valuable private technology companies at a valuation of $45 billion.

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The Pentagon’s Mega Blimp

Unable to pay salaries, Afghanistan asks donors for more money

Afghanistan does not have enough money to pay salaries this month and has asked aid donors for a bailout before the end of the year, the treasury chief told Reuters on Thursday.

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Uber

Uber in talks to sell over $1 billion in convertible debt

Uber is in talks to sell more than $1 billion in convertible debt, a source familiar with the matter said, soon after the U.S. taxi service said it raised $1.2 billion in its latest funding round.

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