Apple to invest $1 billion in SoftBank tech fund

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"Apple is planning to invest $1 billion in SoftBank's Vision Fund".

The sum is a pittance to Apple.

Apple to Invest in SoftBank's Vision Fund. Image: Business Insider.

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Anyone with information was asked to call the Police Department at 303-627-3100 or Crime Stoppers at 720-913-7867 (STOP). He was last seen wearing camouflage trousers , a black shirt with a tan coat and black and orange boots.

Softbank first announced plans in October to launch a $100 billion fund dedicated to "investments in the technology sector globally".

Elaborating on the rationale of investment in the tech fund, Apple spokesman said that it would help in the development of technologies which in the long run will be useful for Apple. Saudi Arabia's government fund has agreed to invest up to $45 billion.

CEO Masayoshi Son and Donald Trump announced a $50 billion investment in US companies to propel growth and bring unemployment rates down.

Teen tried to get into Spain in suitcase
A few hours ago, it was also reported that authorities had detained two Moroccans who tried to smuggle migrants into Ceuta . It's one of many stories of people trying to make the treacherous crossing from Africa into Europe via the Mediterranean.

The Vision Fund goes beyond the usual expectations of it serving as a money pool for the hottest tech startups around the world, as it intends to invest on initiatives that actually move humanity forward.

"We believe their new fund will speed the development of technologies which may be strategically important to Apple", Kristin Huguet, Apple spokeswoman, told the Journal. A few large global investors were also expected to participate in the fund. So according to this, the deal is not only beneficial to the Japan's company but also would benefit Apple as well.

However, Softbank billionaire founder Masayoshi Son said that such funding will come from a different fund than the one that Apple has invested in. SoftBank had stated that this was the kind of investments the fund was aiming to make. The biggest question here would be will this actually benefit these big companies and what benefit can they get from this huge investment.

Turkish committee clears draft expanding Erdogan's powers
Turkey is scheduled to hold its next parliamentary and presidential elections on November 3, 2019. If approved , a period of 60 days must pass before holding a referendum.

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