TOKYO—The Bank of Japan on Friday dialled back emergency pandemic funding but maintained an ultra-loose policy and extended financial relief for small firms, cementing expectations it will remain among the most dovish central banks for the foreseeable future. BOJ Governor Haruhiko Kuroda said borrowing costs will remain low in Japan even as other central banks…
BOJ Dials Back Pandemic Funding as Global Central Banks Eye Post-COVID Era
December 17, 2021
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First ‘Omicron’ Case in Northern Territory Confirmed
Northern Territory Health Minister Natasha Fyles has confirmed the first case of the new “Omicron” COVID-19 variant in the Territory. The Australian man, who had flown from Johannesburg to Darwin on a repatriation flight, tested positive to COVID-19 on Saturday. Genomic sequencing has since revealed that he is infected with the “Omicron” variant, making him…
Australia’s Northern Territory Government Pledges $7.5 Million for New Domestic Violence Crisis Facility
The Northern Territory (NT) government will spend $7.5 million (US$5.4 million) over five years on a new accommodation centre in Palmerston, about 20km from Darwin, which will provide critical support to women and children fleeing domestic violence. In a media release on Thursday, Minister for Families and Urban Housing Kate Worden said the government funding…
New Nuclear Funding Model Frees UK to Squeeze out Chinese Investment
The UK government is making it easier to invest in nuclear power stations, lowering the table stakes with a new financing model which they hope will attract local private investors in place of overseas developers. The announcement on Oct. 26 does not mention the government’s growing discomfort over the involvement of a Chinese state-backed developer in…
SoftBank Leads $680 Million Funding Round in NFT Fantasy Soccer Game Sorare
September 21, 2021
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LONDON—Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, with players including ex-England international Rio Ferdinand and Spain’s Gerard Pique also investing, the company said on Tuesday. Paris-based Sorare said the investment valued the company at $4.3 billion. Founded in 2018, Sorare is an online game where players…
Carlyle Leads $312 Million Funding Round for Japanese Unicorn Spiber
TOKYO—Global private equity firm Carlyle said on Wednesday it led a $312 million funding round for Japanese biotech company Spiber Inc, joining other global investors in betting on a growing number of late-stage Japanese startup firms. Carlyle’s 10 billion yen ($91 million) stake in Spiber represents the group’s first non-buyout, minority investment in an unlisted…
Senate Clears Funding Boost to Evacuate Americans From Afghanistan
September 1, 2021
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From CQ-Roll Call WASHINGTON—Legislation to lift the cap on annual assistance under a Department of Health and Human Services program that aids U.S. citizens returning from war zones or similar crises cleared the Senate by unanimous consent Tuesday. The measure would raise the funding cap for the U.S. Repatriation Program from $1 million to $10…
Caltrans Announces $40 Million Investment in Los Angeles and Orange Counties
May 17, 2021
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aLOS ANGELES—The California Transportation Commission allocated more than $39 million to Los Angeles County transportation infrastructure projects and more than $1 million toward improvements in Orange County, Caltrans announced May 17. Los Angeles County Metropolitan Transportation Authority got the most funding, $27.8 million, to buy 78 light rail vehicles, with the option to buy an…
Can Cell Phone Radiation Damage Your DNA?
May 13, 2021
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Do mobile phones cause brain tumors? Whenever a trillion-dollar industry is involved—whether it’s Big Food, Big Tobacco, Big Pharma, or Big Telecom—there’s so much money that sometimes the science can get manipulated. When it comes to the potential human health effects of cell phone use, certainly, you might end up with a crick in your…
California Mayors Seek $20 Billion for Homeless Funding
April 29, 2021
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LOS ANGELES—Mayor Eric Garcetti joined a coalition of mayors from California’s 13 largest cities April 29 in calling on state officials to provide cities with $20 billion over five years to address the statewide homeless crisis. “This is the biggest crisis in California. We see it on our underpasses and overpasses, we see it under…
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