China’s largest telecommunications operator China Mobile said on Tuesday it will set up a 30 billion yuan ($4.36 billion) 5G industry fund and has already raised the first installment of 7-10 billion yuan.
A handful of executives at SoftBank Group Corp. are weighing the idea of an initial public offering for its Vision Fund, the $100 billion behemoth that has invested in technology companies ranging from Uber Technologies Inc. to WeWork Cos.
Beijing has rejected a Wall Street Journal report saying Chinese officials offered to bail out scandal-ridden Malaysian state fund 1Malaysia Development Berhad (1MDB) and try to get the US and other countries to drop corruption probes into the fund.
Japan started collecting a ¥1,000 departure tax on Monday from each traveler leaving the country in an effort to fund measures to attract more foreign visitors in the run-up to and beyond the 2020 Tokyo Olympics and Paralympics.
At a time when funding for UN agencies is on the decline — and also threatened with cuts by the Trump administration — the Indian government has made an additional contribution of $50 million to development funding.
The EU unveiled an unprecedented plan for common defense spending on Wednesday to help Europe stand alone as a global military power, while urging the United States under Donald Trump to remain on the world stage.