Financial Times: “UN to Spin Off IRIN Humanitarian News Agency”

Irin, the UN’s humanitarian news agency, will relaunch next year as an independent non-profit with support from a $25m investment from the charitable foundation backed by Asia’s billionaire Low family… Hong Kong-based Jynwel Foundation, the charitable arm of the Low family’s Jynwel Capital, has committed $25m over 15 years. “We felt they should kick-start with a strong enough capital base that they don’t need to worry about money” as the organisation changes form, said Jho Low, chief executive.