The Green Climate Fund, a financial mechanism to support projects related to climate change, has been severely underfunded despite large donations from various wealthy nations. The problem has hindered the organization from successfully implementing its projects.
France spearheads the efforts to prevent the destruction of cultural heritage sites by establishing a fund committed for the cause. France has allocated $30 million for the protection of historical sites endangered by militant attacks and wars. Supporters of the initiative plan to establish $100 million.
The Maine Marathon had unexpectedly donated a toy fund to the Portland Herald of an amount of $10,000.
A $50 vouchers will be given to the rural residents of Wisconsin and was approved by the Public Servce Commission.
The country of Singapore regulators said Friday they will fine two banks a total of over $5.3 million for having breached money laundering rules in dealings with an indebted Malaysian state fund.
Quadria Capital, a healthcare focused private equity firm, is in the process of closing out deals in four companies in Southeast Asia. Its investments are mostly on pharmaceutical and healthcare corporations.
Climate change wakes up world retailers.
The European Union revealed its plan to invest EUR 5 billion for a common defense fund. The funding will strengthen the continent’s military capabilities and let the governments invest on military research.
China has once again believed in the power of bitcoing industry as China's Huiyin Group they launched and introduced $20 Million Bitcoin Fund.
Saudi Arabia’s King Salman issued a directive to transfer $27 billion to the Public Investments Fund. The allocation to the sovereign wealth fund aims to diversify investments and lessen the country’s dependence on oil revenues.
The movement of funds from Saudi Arabia to the PIF from SAMA, as the central bank is known, indicates that the role of the central bank could be gradually shifting, Mohamad Al Hajj, Dubai-based equity strategist for the Middle East and North Africa at EFG-Hermes U.A.E. Ltd.
Volkswagen, its Audi and Porsche luxury brands, BMW, Daimler, and Ford’s European division have joined forces to build more electric car charging sites across Europe. The joint venture wants to create 400 charging sites next year in order to boost the demand on electric vehicles.
The death of long-time Cuban leader Fidel Castro pave the way for funds intended for Cuba's fortune.
Jill Stein has already raised $6.3 million for her call for an election recount, close to the target of $7 million. The fund will be used to cover for the expenses in the recount for votes in Wisconsin, Michigan and Pennsylvania.
The pension funds of biggest accounts are on a lax with Donald Trump as the president.