Valar Atomics announced a $1 billion equity round led by Sequoia and a $200 million credit line from Erebor, aiming to scale small modular nuclear reactor production.
Zimbabwe's Finance Minister Mthuli Ncube announced the country has joined the BRICS-created New Development Bank (NDB), a move aimed at securing long-term financing for infrastructure and industrial projects after two decades of struggling to obtain loans from traditional international financial institutions.
Financing from Neuberger Berman will increase Ripple Prime’s capacity to offer margin lending and other brokerage services to institutional clients trading across crypto and traditional markets.
The Indian government is considering a Rs 5,000 crore Emergency Credit Line Guarantee Scheme for airlines, with a per-airline cap of Rs 1,500 crore, as the US-Iran war drives up operating costs and reduces traffic. The aviation ministry is also working to secure a Hotan route through China for Air India to bypass Pakistan airspace, and seeking jet fuel excise relief. This follows a 25% reduction in landing and parking charges at 34 airports since April 8.
