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Ways of triggering multi billion dollar, low carbon technology investments in developing economies have been outlined in a report issued by the UN Environment Programme, a global partnership of investors and insurance companies.
Experts indicate that investments of around USD500bn a year will be needed to assist developing countries adapt to climate change while powering low carbon growth.
Much of the money will come from the private sector but will only flow if creative public policies that reflect the differing circumstances of developing economies are swiftly adopted, says the report prepared by Vivid Economics.
The report makes several broad recommendations
Organic Motion, a developer of computer vision and motion capture systems, has secured a series B financing led by Foundry Group.
The company’s technology increases a computer’s ability to “see” and understand human motion to generate 3D tracking data in real-time, without using bodysuits or attached tracking devices.
Organic Motion provides the only technology that understands a person’s exact motion, dimensions and image, and instantly creates a digital clone of the individual.
“We are fortunate to have the Foundry Group as partners who share our vision for next generation human-computer interfaces,” says Andrew Tschesnok, chief executive of Organic Motion. “This
Following the signing of tax information exchange agreements with Finland, Greenland and Faroe Islands, Gibraltar has now signed 13 such agreements and has accordingly been transferred by the OECD onto its white list.
The white list is a list of countries that have signed 12 or more agreements, which is a new criteria decided by G20 and OECD in April this year.
Gibraltar has waited for the establishment of a level playing field before actively seeking out partner countries with which to sign agreements. This was achieved in March when Switzerland, Luxembourg and Austria, who as full member of the
The Robert Toigo Foundation and The Carlyle Group have launched the Toigo Private Equity MBA Fellowship, an industry initiative aimed at attracting minority MBA graduates to the sector.
Serving as the fellowship’s inaugural partner, The Carlyle Group has pledged USD1m over four years to support Toigo’s launch of the effort.
Toigo is a non-profit organisation that has supported the development of minority MBAs as finance leaders for the past 20 years.
“Toigo’s mission is to change the face of finance—and we believe the Toigo Private Equity MBA Fellowship will serve as a catalyst within the private equity sector by attracting
Business aviation company Xojet is to receive financing totalling USD470m led by TPG, a Fort Worth based private equity firm, and Aabar, an Abu Dhabi based investment firm.
The amount consists of USD100m in equity and a more flexible debt facility of USD370m that allows for the purchase of either new or used aircraft on a global basis.
Xojet will use the additional capital to expand its operations.
"This latest round of financing is evidence of the growing confidence in Xojet’s operating model," says David Siegel, chief executive of Xojet. "We uniquely offer what customers now demand and other operators
Navatar Group is offering two for one promotion pricing for its buy side and sell side cloud computing solutions running on the Force.com platform.
The pricing includes both the Navatar service and the underlying Force.com seats.
"Financial firms need a better way to manage their operations now more than ever but are crunched for cash," says Alok Misra, Navatar principal and co-founder. "Now, thanks to our promotion, twice as many professionals at these firms can use our service, running on Force.com, the leading cloud computing platform."
The promotional first year pricing applies to new customers for Navatar Group’s financial services
Ted Wilson, Associate Partner with the UK-based wealth manager St. James’s Place, examines the role of investment bonds as a portfolio diversification and tax structuring tool for investors.
Wealthier and more sophisticated investors in the UK, particularly those working in financial services, tend to have strong views on where they want to put their money. They are also likely to favour complex pooled investments like hedge funds, and many may be resident in the UK but domiciled elsewhere for tax purposes. It is therefore surprising that many of these players do not take advantage of the highly-evolved structures that are
Benchmark Capital, an early-stage technology venture capital firm, has appointed Michael Wolfe as an entrepreneur-in-residence.
This is the second time Wolfe (pictured) has been an entrepreneur-in-residence at Benchmark.
His last Benchmark-backed company, Vontu, was acquired by Symantec in 2007. After the Vontu acquisition, Wolfe served Symantec in a broader role as chief technology officer for the company’s enterprise product group.
"Benchmark is entirely dedicated to the entrepreneur’s success, and they act on that by making substantial investments in the people they work with," says Wolfe. "That commitment, and the structure of the firm as an equal partnership, puts their focus
Jersey Finance has officially launched its office in Hong Kong to support the promotion of Jersey as an international finance centre in the Asia Pacific region.
The main role of the Hong Kong office is to act as a hub for Jersey Finance to communicate its financial services across the Asia Pacific region.
It becomes a permanent base for Jersey’s finance industry to develop its contacts with financial intermediaries, regulators and government officials both in Hong Kong and mainland China.
Zhaoan Li (pictured), head of Jersey Finance’s Greater China business development will be based in the new Hong Kong office.
GE has formed the GE Healthymagination Fund, an equity fund that will make investments in promising healthcare technology companies.
The fund will invest in companies globally that have innovative diagnostic, IT and life sciences technologies aligned with the strategic objectives of GE’s Healthymagination initiative.
The fund will also support healthcare companies developing innovative and unique business models and services.
The formation of the fund is part of GE’s USD6bn Healthymagination initiative, a global commitment to deliver better healthcare to more people at lower cost. The fund will target three broad areas for investment:
• Broad-based diagnostics, including imaging, home health, patient
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