Tag: BILLION

27 SEP

Siberia will be full of investment opportunities in the next 3 decades if you can get in right after the war, says a fund manager who manages $7 billion in assets

There are vast reserves of croplands in Siberia, Russia. Ilya Naymushin/Reuters Investing in Russia after the war with Ukraine could present a surpising upside, said an investor. That's thanks to vast farmlands in Siberia, said Cheah Cheng Hye, co-CIO of Value Partners Group. Chinese investors were already snapping up farmland in Siberia before the war. […]

24 SEP

Japan pledges $2 billion in funding for pandemic vaccine research initiative

The Japanese government has earmarked $ 2 billion in funding for vaccine research in an effort to make sure its country is better prepared for any future pandemic, according to Nature. Japan lagged behind other countries not just in developing vaccines, but also in approving them when it came to COVID-19. As the publication points […]

19 SEP

The $25 billion railway that’s named after Queen Elizabeth II has cheaper fares and a flower memorial to mark the day of her funeral

In May 2022, Queen Elizabeth II marked the opening of London's Elizabeth line. TfL Alterations were made to London's Elizabeth line rail service on the day of Queen Elizabeth II's funeral. These included off-peak fares, an extra hour of service, and the creation of a flower memorial. Transport for London said it would announce a […]

13 SEP

Germany commits $67 billion to aid energy companies hurt by soaring prices as European countries work to combat crisis

Cooling towers at Uniper's coal-fired power plant in Germany. Fabian Strauch/picture alliance via Getty Images Germany pledged €67 billion ($ 66.9 billion) in funding to assist utility companies, the FT reported. The money will be redeployed from a COVID-19 bailout fund established to help companies avoid insolvency. Gas importers have been forced to pay higher […]

10 SEP

Elon Musk dreams up a new way to squirm out of his $44 billion Twitter acquisition agreement

Tesla founder Elon Musk attends Offshore Northern Seas 2022 in Stavanger, Norway August 29, 2022. NTB/Carina Johansen via REUTERS Elon Musk's lawyers issue a third letter trying to terminate his deal to acquire Twitter. A $ 7.75 million payment to Peiter "Mudge" Zatko is a new breach of the agreement, Musk claimed. Zatko is a […]

06 SEP

Biden administration reveals details of its $50 billion chip investment plan

The Biden administration has revealeddetails of how it plans to invest $ 50 billion into kickstarting the US semiconductor industry, a month after President Joe Biden signed the CHIPS and Science Act. The Commerce Department says the funding will "revitalize the domestic semiconductor industry and spur innovation while creating good-paying jobs in communities across the […]

06 SEP

CVS is buying home-healthcare company Signify Health for $8 billion in major healthcare tie-up

"We can't be in primary care without M&A. We've been very clear about that," CVS CEO Karen Lynch told analysts last month. Shannon Stapleton/File Photo/Reuters CVS said Monday that it is acquiring home-healthcare company Signify Health for $ 8 billion.  The drugstore giant previously said it would expand its healthcare services by the end of […]

02 SEP

FCC has approved $6 billion in broadband grants despite rejecting Starlink

Enlarge Several US government agencies are having a busy week for doling out broadband deployment funding to ISPs and state governments. Today, the FCC announced $ 791.6 million for six broadband providers, covering network expansions to over 350,000 homes and businesses in 19 states. The ISPs will receive the money over 10 years. “This round […]

30 MAR

Avengers 4 Endgame opening prediction is INSANE: One BILLION? Guess the biggest reason?

Back when Star Wars The Force Awakens smashed its way to $ 2.068 billion worldwide, it looked set to be the king of the modern cinema era. Infinity War squeaked up very close last year with a $ 2.048 billion haul, and now Endgame looks set to blast past that and Star Wars 9 looks unlikely to match it. […]