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.
The European Union says it plans to spend 50 million euros to finance the establishment of a joint African military force in the Sahel region with the declared aim of fighting terrorism, among other threats.