Sovereign wealth funds

Sol Kerzner

Dubai's sovereign wealth fund acquires stake in Kerzner International

Dubai's sovereign wealth fund, Investment Corp of Dubai, has bought a stake in Kerzner International but did not disclose information regarding the terms of the deal, reported Reuters.

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Banco Mare

Spanish lender BMN to sell shares to pay back state-back rescue fund

Banco Mare Nostrum has intended to sell its shares before the deadline of the state funded bailout aid it received before the 2017 deadline.

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Varun Beverages Limited

Varun Beverages to expand in Africa and South Asia with USD300 million investment

Varun Beverages planned to invest USD300 million for a business expansion in South Asia and Africa, reported Ventures Africa.

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Solar Power Panels

US-based solar-panel robotics startup Brittmore bags $1M in government grant

San Jose, US-based solar-panel robotics startup Brittmore Group bagged $1 million in a recent grant from the Department of Energy to automate the construction of solar power plants.

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Intelligent Energy Holdings

Singapore's sovereign wealth fund GIC backs Intelligent Energy Holdings with $63M

GIC, a sovereign wealth fund in Singapore that manages its foreign reserves, has supported UK-based Intelligent Energy Holdings with $63 million, a statement about the funding said.

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US Department of  Energy (DOE).

US Energy Department awards $17M to clean energy businesses

The US Office of Energy Efficiency and Renewable Energy (EERE) awarded $17 million to clean energy businesses across 13 states to tackle the big problem of energy consumption.

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Temasek Holdings

Temasek Holdings said to be in advanced discussions for substantial Watson stake purchase

Citing sources, The Wall Street Journal reported that Singapore state investment firm Temasek Holdings was in advanced discussions for a "strategic" stake acquisition of Li ka-shing's health and beauty retailer Watson.

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Michael Nutter

Mayor Nutter announces grants for five startups that promote entrepreneurship in Philadelphia

Mayor Michael Nutter announced the five startups in Philadelphia that will each receive a $25,000 grant from the Commerce Department's Startup PHL Call for Ideas to promote entrepreneurship in the city.

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Erna Solberg

Norwegian sovereign wealth fund to invest in renewable energy

Norway announced that it is letting its sovereign wealth fund World Wildlife Fund (WWF) lead a major investment in the renewable energy sector of the country to reduce greenhouse gas emissions.

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Orbite Aluminae Inc

Quebec approves $10M equity investment in Orbite Aluminae

The government of Quebec approved a $10-million equity investment in Montreal, Canada-based alumina producer Orbite Alumniae Inc, with the funds coming from the government's financing arm Investissement Quebec.

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Kitchener to shell out $1M to provide offices for new local startups

Councillors of the city of Kitchener in Ontario, Canada have agreed to shell out $1 million for the next five years to help owners of underused spaces turn their properties into a new landing pad fro startups just out from incubators.

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Solar Charger Starter Kit

German startup Changers closes $1.5M in Series A round to reward people who generate solar power

Berlin, Germany-based solar energy startup Changers closed $1.5 million in a Series A funding round led by state-backed fund BFB Frühphasenfonds Brandenburg to turn solar power creation into a rewarding game.

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Funding Circle

Funding Circle obtains £40M investment from UK government to provide loans to SMBs

Small business loan online marketplace Funding Circle obtained a £40M investment from the UK government to allow the company to continue providing loans to small and medium-sized businesses (SMBs) in the country.

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Renewable energy

Small Scottish island wants to be world's first 100% renewable energy place

Eigg, a small island which is part of Scotland's Hebrides archipelago, wants to be the world's first 100% renewable energy place by replacing current diesel generators with a network of wind turbines, hydroelectric plants, and solar panels as sources of electricity.

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Uncle Sam loses $31M as it wavers on what to do with Bitcoin stash- report

The uncertainty of the US government on what to do with the Bitcoins it has confiscated from the Silk Road raid in October last year has already cost it paper losses amounting to $31 million, The New York Post reported.

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