Tag

Private Investment

All articles tagged with #private investment

world7 days ago•0 min saved

US-Venezuela oil deal billed as historic, promising to double US oil reserves

The United States claims a ‘historic’ deal with Venezuela will give America control of more than 65 billion barrels of Venezuela’s proven oil reserves, a move Trump says would double US oil reserves, boost supply, and lower gas prices. Details of the arrangement were not released, and the president credited private business partners with finalizing the agreement without costing taxpayers. Rubio lauded the deal as a win for both countries and cited nearly $100 billion in private investment and thousands of jobs; Trump said the pact was reached with private-sector partners and interim Venezuelan leadership. The article notes the lack of specifics and refers to a January 3 operation in which Maduro and his wife were seized, authorized by Trump.

via BBC|

#gas-prices #international-relations #oil-reserves

sports8 days ago•5 min saved

UEFA seeks Kushner testimony in FIFA investment plan controversy

UEFA has asked a Manhattan federal judge to subpoena Josh Kushner and Thrive Capital to testify and produce records about FIFA's now-abandoned FIFA Forward Enterprise plan to monetize private investment. UEFA argues the disclosures are needed as part of potential Swiss criminal proceedings against FIFA President Gianni Infantino for alleged mismanagement, while stressing that Kushner and Thrive are not being targeted for prosecution.

via Politico|

#fifa #josh-kushner #private-investment

local1 month ago•61 min saved

Emails reveal Blazers debated Moda Center funding questions

Internal emails obtained by KATU show Portland Trail Blazers leaders debated how to respond to the City of Portland’s questions about commitments for private investment in the Moda Center, signaling behind-the-scenes discussions on venue funding without detailing a final agreement.

via KATU|

#blazers #investigations #local

business1 month ago•3 min saved

UEFA threatens legal action after Infantino's FIFA private investment plan collapses

UEFA warned it could pursue legal action, arbitration, or regulatory complaints over FIFA's plan to spin off a $20bn commercial entity and sell a 20% stake to private investors; Infantino later backed down, saying the proposal will not proceed, amid broad backlash from federations, politicians and fans, with UEFA demanding preservation of documents related to the venture.

via Financial Times|

#business #fifa #fifa-forward-enterprise

sports1 month ago•7 min saved

FIFA abandons plan to privatize World Cup operations amid leadership crisis

FIFA dropped Gianni Infantino's plan to privatize World Cup operations by selling a 21% stake in FIFA Forward Enterprises after broad opposition from UEFA, AFC and Concacaf and threats of boycotts; internal resignations and accusations that staff were deceived left Infantino politically exposed, raising questions about his leadership ahead of the 2027 election.

via nytimes.com|

#boycotts #fifa #infantino

sports1 month ago•22 min saved

UEFA Unanimously Boycotts FIFA Competitions Over Private Investment Plan

UEFA voted unanimously (55 member associations) to boycott FIFA-controlled competitions, including the World Cup, in protest of FIFA's plan to inject private investment via a new entity, a move that could ripple to other confederations and affect upcoming tournaments like the 2027 Women’s World Cup and the 2030 World Cup, while intensifying pressure on FIFA president Gianni Infantino ahead of reelection.

via CNN|

#boycott #fifa #private-investment

sports1 month ago•11 min saved

Europe Rejects FIFA’s Private-Ownership Plan, Vows World Cup Boycott

UEFA and 55 European associations unanimously reject FIFA’s plan to privatize ownership of World Cup events, vowing that no UEFA national teams will compete in FIFA events while the proposal stands unless it is fully abandoned and governance guarantees are provided. FIFA plans to form FIFA Forward Enterprises (FFE) to run commercial operations and sell up to 21% stake for about $4.2 billion to be distributed to member associations, with approvals needed by September 19. Concacaf and AFC criticized the process; the next World Cup schedule features the women’s tournament in Brazil next summer and the men’s in 2030 in Spain/Portugal/Morocco.

via The New York Times|

#fifa #governance #private-investment

sport1 month ago•17 min saved

Infantino’s covert bid to privatise the World Cup sparks governance storm

FIFA president Gianni Infantino reportedly drafted a secret plan to privatise or sell stakes in the World Cup, a unilateral proposal developed behind closed doors that has drawn anger from UEFA and other football authorities and raises questions about governance, funding, and the calendar if it ever goes to a vote.

via The Independent|

#fifa #football-governance #gianni-infantino

business4 months ago•15 min saved

Space Station Market Heats Up as Vendors Rally Around Commercial LEO Destinations

Executives from Starlab Space, Axiom Space, and Vast argue there is a developing market for commercial space stations, citing billions in private funding and paying missions, sovereign-nation interest, and future in-space manufacturing. They push back against NASA’s claim that demand hasn’t emerged and urge a clear path under the Commercial LEO Destinations program, noting NASA’s CLD budget and the potential for profitable collaboration with two market players as demand signals become clearer.

via SpaceNews|

#business #commercial-space-stations #iss-market

energy7 months ago•3 min saved

UK Secures 8.4 GW Offshore Wind to Power 12 Million Homes

Britain's government awarded guaranteed electricity prices in an offshore wind auction, approving 8.4 GW of capacity that could power about 12 million homes. The average strike price was around £91/MWh (2024 prices), potentially unlocking about £22 billion in private investment and marking a revival of offshore wind with developers including RWE–KKR–Masdar and SSE. The move supports a 2030 target for 95% clean electricity, though some analysts warn the deals may still keep consumer bills high.

via The New York Times|

#12-million-homes #energy #offshore-wind

business8 months ago•2 min saved

Germany Unveils €30 Billion Fund to Attract Private Investment and Boost Startups

Germany has launched a 30 billion euro fund, Deutschlandfonds, to attract around 130 billion euros in private investment for energy, industrial, and tech sectors, using guarantees and loans to de-risk investments and support economic transformation.

via Reuters|

#business #energy-transition #germany

media10 months ago•3 min saved

Private Investment Firms Accelerate Decline of Independent Local Newspapers

Independent newspapers in the U.S. are rapidly disappearing as private investment firms take over, leading to increased news deserts, especially in rural areas, with most remaining newspapers owned by a few large corporations, reducing local community representation.

via Axios|

#independent #local-news #media

science-and-technology10 months ago•5 min saved

Private Investment and Industry Growth in Fusion Power

Private sector funding for fusion energy has surged to nearly US$10 billion, driven by technological advances, climate urgency, and major investments from tech billionaires, with several companies aiming to commercialize fusion power by the 2030s, despite the significant technical and construction challenges involved.

via The Conversation|

#clean-energy #fusion-energy #iter

local-news1 year ago•11 min saved

Denver Broncos select Burnham Yard as preferred site for new stadium

The Denver Broncos have chosen Burnham Yard as their preferred site for a new, privately financed stadium and entertainment district, with plans to develop the 100-acre area without public funding, focusing on community benefits and environmental considerations, though negotiations and planning are still ongoing.

via The Denver Post|

#broncos #burnham-yard #denver

business1 year ago•2 min saved

BlackRock's Assets Reach $12.5 Trillion Amid Market Volatility

BlackRock experienced its lowest quarterly inflows in over a year due to a major client withdrawal in Asia, but overall assets under management reached a record $12.5 trillion, driven by market rally and currency swings. The firm is shifting focus towards private investments and technology to sustain growth, with significant acquisitions and fundraising efforts.

via Financial Times|

#assets-under-management #blackrock #business