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World Business Report: First broadcast 2016/10/14 22:32 GMT: Saudis Join $100bn Tech Fund

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Saudis Join $100bn Tech Fund

First broadcast 2016/10/14 22:32 GMT

First broadcast 2016/10/14 22:32 GMT: Saudis Join $100bn Tech Fund

BBC World Service - World Business Report, Saudis Join $100bn Tech Fund

Saudi Arabia makes the largest contribution to Softbank’s new investment fund, at $45bn.

The biggest contribution to Softbank's investment fund is $45bn from the Public Investment Fund of Saudi Arabia. What do the Saudis stand to gain from the deal? We ask Dr John Sfakianakis, Director of Economic Research at the Gulf Research Centre in Riyadh. The tech fund will be based in London - Russ Shaw of Tech London Advocates explains what this could mean for the tech sector in the British capital. A British trader accused of contributing to a flash crash in 2010 has lost his battle against extradition to the United States. Navinder Sarao faces 22 charges, carrying sentences of up to 380 years. The BBC's Andy Verity reports from the High Court in London. Alaska isn't that well known for its home-grown food, but this could be changing. Over the past six years, it's become the capital of indoor farming in America - indoor, that is, using what's called high-tunnel agriculture - essentially four-metre-high rounded greenhouses. Emily Schwing has been sampling the fruits – and vegetables – of their labour. And we look back at the week's main headlines: Samsung's Note 7 woes, the latest fallout from the Brexit vote and why US workers are reluctant to take a break and use their holiday entitlement. We reflect on these stories with Elaine Moore of the Financial Times in London and Shannon Pettypiece of Bloomberg News in New York. (Photo: The skyline of Saudi Arabia's capital Riyadh, at night. Credit: Saul Loeb/AFP/Getty Images)

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First broadcast 2016/10/14 22:32 GMT: Saudis Join $100bn Tech Fund

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