investments News - Daily News Brief

UAE Invests $14 Billion in UK to Diversify Economy

September 17, 2021 by Fourth Estate Wire

The United Arab Emirates pledged to invest £10 billion ($13.8 billion) into the United Kingdom over the next five years, aiming to strengthen the long-running business ties between the two countries and to diversify the Gulf state’s economy beyond fossil …

SoftBank Invests $3 Billion for Latin America Tech Companies

September 15, 2021 by Fourth Estate Wire

SoftBank announced late Tuesday that it will commit $3 billion for a private investment funding that will be focused on technology companies in the Latin American market. In a statement, the company said that the launching of the SoftBank Latin …

Co-Founder and Former CEO Of Palo Alto-Based Start-Up Technology Company Headspin Faces Securities and Wire Fraud Charges

August 26, 2021 by Fourth Estate Wire

Acting United States Attorney Stephanie M. Hinds and Federal Bureau of Investigation Special Agent in Charge Craig D. Fair announced that Headspin co-founder and former CEO Manish Lachwani’s was arrested for security and wire fraud charges. Technology giant Headspin’s services …

Elon Musk to Defend Tesla’s SolarCity Deal in Court

July 9, 2021 by Fourth Estate Wire

Tesla’s CEO Elon Musk will be appearing in Delaware’s Court of Chancery on July 12 to defend against allegations that he orchestrated the bailout of SolarCity. Tesla acquired SolarCity which was owned by Musk’s cousins, Lyndon Rive and Peter Rive, …

Coinbase to Back Augmented Reality NFT Platform Anima

May 28, 2021 by Fourth Estate Wire

A new non-fungible token from crypto start-up Anima has been backed in a $500,000 seed by Coinbase, bringing NFTs into the augmented reality space. Anima, created by the founders of photo and video sharing app Ultravision, looks to bring NFTs …

Mark Cuban Invests in Indian Ethereum Startup Platform Polygon

May 26, 2021 by Fourth Estate Wire

Mark Cuban, billionaire big name investor and capital management tycoon, has made an investment in Indian cryptocurrency platform Polygon. Polygon’s Twitter posted the news Tuesday afternoon, with Cuban’s portfolio website adding Polygon to the list of held assets. The value …

Norway Wealth Fund Excludes Firms Affiliated with West Bank Israeli Settlements

May 20, 2021 by Fourth Estate Wire

Norway’s $1.3 trillion wealth fund has decided to exclude two companies associated with the Israeli settlements in the West Bank, in a statement Wednesday. The Norges Bank has decided “to exclude the companies Shapir Engineering and Industry Ltd and Mivne …

Dogecoin Value Jumps 20%, Doge Day Declared

April 20, 2021 by Fourth Estate Wire

All dogecoin in circulation has reached a value of $53 billion after fans declared April 20 Doge Day on social media, prompting a 20% spike in the price of the meme cryptocurrency. The price of Doge briefly jumped to 45 …

Chinese Investments in Australia Plummet

March 1, 2021 by Fourth Estate Wire

Chinese investments in Australia reached the lowest decrease having more than 61% drop in 2020, according to Australian National University (ANU) on Sunday. Chinese Investment in Australia Database (CHIIA) figures showed that the drop followed a 47 percent fall in …

Spanish Power Firm Naturgy to Invest $1.8 Billion in U.S.

January 15, 2021 by Fourth Estate Wire

Naturgy is planning to invest about $1.8 billion in the United States as it focuses to expand its presence in the U.S. renewable market after acquiring the solar energy firm Candela Renewables in a $57 million deal.

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