Consortium

Colombian prosecutors are investigating allegations that executives of a Chinese state-owned contractor demanded cash from a local subcontractor for payments on the Bogota metro project. The consortium building the metro line denied wrongdoing, stating the money was a retention payment agreed upon between the firms.

BlackRock, Coinbase, and Strategy, along with seven other institutional entities, formed a consortium to pledge $15 million to fund Bitcoin developers working on quantum-resistant security measures. The initiative aims to protect the Bitcoin network from potential threats posed by future quantum computers.

PIA's management control has been transferred to a consortium including private investors and the Fauji Foundation, with a Rs10bn upfront payment and a commitment of Rs125bn for restructuring and improvements. The airline faces challenges such as financial losses, competition from Gulf carriers, and structural constraints despite privatisation.

A TPG-led consortium is acquiring India’s leading green finance shadow bank, signaling increased interest in renewable energy investments. The deal highlights growing private sector involvement in India’s green finance sector.