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Iran draws €50m from sovereign wealth fund to pipe water to villages
The Iranian government is drawing some €50 million from the country’s sovereign wealth fund to solve water problems for villages.
UBS won’t fund new offshore Arctic oil, gas projects
A multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, a newspaper said.
Indonesia starts fund for carbon trading to meet emission goals
Indonesia plans to develop a market for carbon trading under a new agency formed to fund efforts to meet greenhouse gas emission reduction target under the Paris climate pact.
China Mobile to set up $4 billion 5G industry fund
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.
Japan’s SoftBank said to be considering IPO for $100b Vision Fund
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.
Japanese SoftBank's Vision Fund in talks to invest $1.5b in Chinese used car platform
The SoftBank-led Vision Fund is in talks to invest up to $1.5 billion in Chinese used car trading platform, two people with knowledge of the matter said.
British government to fund 2,900 school exchanges for poorer pupils
Secondary schools in England will be able to apply for money to take poorer pupils overseas on school exchanges
China denies it offered to bail out Malaysian fund
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 begins collecting departure tax to fund inbound tourism promotion
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.
Councils to bid for share of £675m-fund to invigorate UK high streets
Local councils are being invited to bid for a share in a new £675 million government fund set up to help reinvigorate the country’s beleaguered high streets.
Iran proposes joint fund for exchanging digital currency with India
Iran's Cultural Heritage Handicrafts and Tourism Organization (ICHHTO) called for establishing a joint fund for exchange of digital currency between Tehran and New Delhi.
Iran mulling plan to absorb more foreign funds
Iran is weighing a new plan to create a committee in a bid to absorb more foreign investment and boost its production and exports potential, said Iran's minister of industry, mine and trade.
India pledges $50m more to UN partnership fund
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.

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