Creation of relief fund was announced by the governing body in March. FMTNews FIFA Football
LAUSANNE: Fifa are to make available US$1.5 billion in grants and loans as a relief fund to help associations impacted by the coronavirus, world football’s governing body announced on Thursday.
All 211 member associations will be entitled to a “basic solidarity grant” of US$1 million each as well as US$500,000 which must be invested in women’s football. Continental governing bodies will get US$2 million as a relief grant, and can also apply for an extra US$4 million relief loan. Fifa are financing the enormous relief fund by dipping into its reserves, with US$328 million covering grants and US$556 million to finance loans, Infantino said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China’s Huawei to build US$1.2b research facility in England | Malay MailLONDON, June 25 — China’s Huawei Technologies said today it had received planning permission to build a £1 billion (RM5.3 billion) research and development facility in England. The facility will employee around 400 people and focus on the production of optical devices for use in fibre-optic...
Read more »
FIFA agree massive $1.5 billion COVID-19 relief plan(Reuters) - FIFA announced on Thursday that it had agreed a $1.5 billion relief plan to help deal with the impact of the COVID-19 pandemic on the global game.
Read more »
EA extends partnership with Spain's La Liga for exclusive FIFA rights(Reuters) - Electronic Arts Inc on Wednesday extended its licensing contract with La Liga until 2030, allowing the video game maker to retain exclusive access to the Spanish top-tier soccer league for its flagship football franchise 'FIFA'.
Read more »
Qantas Airways to raise US$1.3b, cut 6,000 jobs due to Covid-19 outbreak | Malay MailSYDNEY, June 25 ― Qantas Airways Ltd said today it is axing at least 20 per cent of its workforce and plans to raise up to A$1.9 billion (RM5.57 billion) of equity as part of drastic measures in response to the coronavirus crisis. The Australian airline also said it will ground 100 aircraft for...
Read more »
FIFA agree massive $1.5 billion COVID-19 relief plan(Reuters) - FIFA announced on Thursday that it had agreed a $1.5 billion relief plan to help deal with the impact of the COVID-19 pandemic on the global game.
Read more »
Boycott of Chinese goods may not be feasible, Indian exporters sayIndia's trade deficit with China was US$46.8 bil between April 2019 and February 2020. FMTNews
Read more »