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A city government-backed plan to revamp funding for arts and culture comes with a request for $18 million in private funds. The deadline is June 15 and, so far, $7.2 million has been raised......»»

Public sector borrowing hit a new high in February, with the U.K. government borrowing £19.1 billion ($26.6 billion) last month, as spending on measures amid the COVID-19 pandemic continued while tax receipts fell......»»

After revenue from fares fell by 90%, the U.K. government agreed a support package to help Transport for London get buses and trains running again......»»

The Swiss government is working primarily with UBS Group and Credit Suisse on a nearly 1.9 billion Swiss franc ($1.95 billion) package of state-backed loans for the coronavirus-hit aviation sector, it said on Wednesday......»»

A new support package worth over £1 billion, aimed at high-growth startups and small and medium innovation-focused firms, was announced on Monday by the U.K. Chancellor Rishi Sunak......»»

Yes Bank Ltd said on Thursday it was looking to raise up to 50 billion rupees ($665.88 million) in an effort to shore up its capital base after a government-led rescue of the private sector lender......»»

A compromise $2 trillion economic rescue package set to be voted on by the U.S. Senate on Wednesday will include $25 billion for airlines in cash grants, a badly needed lifeline for an industry facing the worst travel downturn in history......»»

The ECB said it could buy up to $820 billion in government and private sector bonds.....»»

Mexico's private sector has drawn up a broad package of proposed energy investments for the government worth almost $92 billion, according to a document seen by Reuters on Wednesday, providing a potential lift to the country's misfiring economy......»»

Chinese electric car maker Nio has signed a framework deal with the municipal government of Hefei, the city where the company has the bulk of its operations. The deal offers a cash lifeline for Nio........»»

The Abu Dhabi Government is turning to the private sector for the next phase of its multi-year, 50 billion dirham ($13.6 billion) economic stimulus plan known as Ghadan 21......»»

The tech-savvy Taiwan is targeting biotechnology as its next major industry sector. According to government figures, Taiwan's biotech sector's output already reached NT$500 billion (US$16.64 billion) in value in 2019......»»

India's telecoms sector has been rocked by a Supreme Court ruling last month that sided with the government in a dispute over how levies are calculated, saddling the industry with a combined $13 billion in fresh debt......»»

The Indian government's win of a long-contested dispute over telecom fees could end up a Pyrrhic victory, as the billions of dollars in levies now owed are seen as burdens too big to bear for two of the country's three main carriers......»»

If county government gets into the business of funding and awarding arts and culture grants, as proposed, it plans to do so by having Mecklenburg commissioners and Charlotte council members leading the charge. On Tuesday, county commissioners vote.....»»

After a $5 billion government lifeline to pay off debt, Mexico's struggling state oil company Pemex must now do its part to fend off a threatened credit downgrade by keeping promises to increase production and lowering costs, a top official said......»»

Papua New Guinea will start preliminary hearings on Sept. 19 into the terms of a A$1.2 billion ($810.5 million) loan from Swiss bank UBS used for an ill-fated government investment in the gas sector, the inquiry's chairman said on Monday......»»

India's equity culture may also get a boost from a stewardship code to be rolled out for the country's fund managers to push for corporate-governance best practices.....»»

The party said that the $16-billion acquisition of e-retailer Flipkart by Walmart facilitates the "backdoor entry" of foreign capital to take over India's huge multi-crore retail trade sector.....»»

The talks come only weeks after a group of Chinese commercial banks lent $1 billion to Pakistan's government in April.....»»