Technology 

SoftBank invests in Mubadala’s new $400 million European tech fund: source

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato DUBAI (Reuters) – Japan’s SoftBank Group has provided nearly half of the cash for Abu Dhabi’s state investor Mubadala Investment Co’s new $400 million fund investing in European start-ups, a source familiar with the matter said. Mubadala, which has committed to invest $15 billion in SoftBank’s Vision Fund, last week announced that Mubadala Ventures was planning to launch a $400 million technology-focused European fund this year. Softbank…

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Technology 

SoftBank invests in Mubadala’s new $400 million European tech fund: FT

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato (Reuters) – Japan’s SoftBank Group has provided nearly half the cash for the new $400 million fund by Abu Dhabi’s state-owned Mubadala Investment Co that aims to back European start-ups, the Financial Times reported on Monday. Mubadala, which is a big investor in SoftBank’s Vision Fund, will use the fund to invest between $5 million and $30 million in European start-ups, FT reported, citing people with direct…

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Top stories 

Live updates: Trump declares national emergency to fund the wall

Photo by Chip Somodevilla/Getty Images The White House just released the full text of President Trump’s national emergency declaration. White House press secretary Sarah Sanders tweeted a picture of Trump signing the proclamation earlier today. Here’s the presidential proclamation: DECLARING A NATIONAL EMERGENCY CONCERNING THE SOUTHERN BORDER OF THE UNITED STATES BY THE PRESIDENT OF THE UNITED STATES OF AMERICA  A PROCLAMATION      The current situation at the southern border presents a border security and humanitarian crisis that threatens core national security interests and constitutes a national emergency. The southern border is a major entry point…

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Mbappe donates to Sala pilot David Ibbotson search fund

Image copyright Getty Images/David Ibbotson Image caption Emiliano Sala (left) was on board a plane being flown by pilot David Ibbotson French football star Kylian Mbappe has donated £27,000 to a fundraising appeal set up by the family of missing pilot David Ibbotson. Mr Ibbotson, from Crowle, Lincolnshire, was flying Cardiff City’s Emiliano Sala from Nantes to the UK when their plane crashed near Guernsey on 21 January. The footballer’s body was recovered from the wreck on the seabed, but Mr Ibbotson’s body has not been found. Former England captain…

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Technology 

SoftBank’s Vision Fund in talks to invest $1.5 billion in Chinese used car platform: sources

HONG KONG/BEIJING (Reuters) – The SoftBank-led Vision Fund is in talks to invest up to $1.5 billion in Chinese used car trading platform Guazi.com, two people with knowledge of the matter said. That would mark the latest Chinese deal by the mammoth $100 billion investment fund as it looks to expand in the world’s No.2 economy, and would come after it invested 460 million euros in German used car dealing platform Auto1. The fund is likely to invest up to $1.5 billion in Guazi in a deal that would value the…

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FIFA 

2018 FIFA World Cup Russia™ – News – FIFA and CBF announce new four-year activity plan for the 2014 FIFA World Cup Legacy Fund

Updated contract details monitoring, reporting and compliance measures for Legacy Fund Initial USD 25 million payment to kick-start activity plan proposed for 2019 Communities from states that did not host FIFA World Cup matches in 2014 to also benefit from football development and legacy projects FIFA and the Brazilian Football Association (CBF) have today given an update on the 2014 FIFA World Cup Legacy Fund, confirming the start of a four-year programme that will lead to a total of USD 100 million being invested into football development and legacy projects…

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Science 

Research body to fund humanitarian efforts

Image copyright Christina Mittermeier, Sealegacy Image caption The One Ocean Hub will work with local communities to empower fishers to be involved with more sustainable practices Britain’s new research agency has announced it will spend £279m on new non-EU international collaborations. The bulk of the money will go towards projects with scientists in developing countries to support humanitarian efforts. But critics say that political priorities may be being funded at the potential cost of “blue skies” study. The type of funding marks a new approach to increasing support for basic…

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Top stories 

Fyre Festival: Fund for unpaid caterer hits £60k

Image copyright Netflix More than $77,000 (£60,000) has been raised for a restaurant owner in the Bahamas who wasn’t paid for catering the doomed Fyre Festival. Maryann Rolle, who runs the Exuma Point Bar and Grille, says she used $50,000 (£38,000) of her own money to pay other staff who helped at the event. A crowdfunding page she set up on Monday has had around 2,300 donations. “My life was changed forever, and my credit was ruined by Fyre Fest,” she wrote on the page. Skip Twitter post by @kthomas901…

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Government to fund 2,900 school exchanges for poorer pupils

Image copyright Getty Images Secondary schools in England will be able to apply for money to take poorer pupils overseas on school exchanges The £2.5 million government scheme will enable pupils aged 11 and over “to experience other cultures and go to places they wouldn’t normally visit”. Education Secretary Damian Hinds said: “As Britain leaves the EU, it’s more important than ever to show how much we value international opportunities.” It is estimated the scheme could support trips for 2,900 pupils. The exchange programme will be run in partnership with…

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UK groups fund illegal orphanages in Africa

Image caption One orphanage was sponsored by donors through Manchester-based builder Patrick Oldham At least 60 illegal orphanages and children’s homes in Uganda are being funded by UK charities, church groups and volunteers, the BBC has discovered. The Ugandan government recently announced a programme to close down more than 500 unlicensed orphanages in the country. The BBC attended the closure of one UK-funded home, where children said they had been beaten and neglected. The Ugandan government urged UK donors to check who they are giving money to. A BBC investigation…

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