Climate change wakes up world retailers. The unexpected twist in the climate have marked the retailers' long rely on sales of high-margin winter coats and boots to boost annual profits, but with the season becoming shorter and warmer, U.
Funding
Green Climate Fund Falls Short From The $100 Billion Target
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 Commits $30 Million Fund For Protection Of Cultural Heritage Sites
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.
Broadband Vouchers Funded by Energy Dollar
A $50 vouchers will be given to the rural residents of Wisconsin and was approved by the Public Servce Commission.
Charitable Work From Maine Marathon Donated $10,000 for Toy Funds
The Maine Marathon had unexpectedly donated a toy fund to the Portland Herald of an amount of $10,000.
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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.
Children of the Apostolic Christian Church of Tremont join efforts to raise funds for the Journal Star Christmas Fund. The sum collected will benefit those who live in central Illinois. The Sunday School aims to educate the children of the significance of giving at an early age.
The pension funds of biggest accounts are on a lax with Donald Trump as the president. Donald Trump as the unconventional president-elect's victory is helping Japan's giant pension fund in two important ways.
