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Bloomberg Brazil President Luiz Inacio Lula da Silva defended the use of additional tools besides interest rates to rein in inflation, including a more active policy to reduce foreign exchange volatility and the regulation of fuel prices and food stocks. In a 180-page message to lawmakers on Thursday, Lula blamed his predecessor Jair Bolsonaro for abandoning the use of “important ...

Bloomberg Tesla Inc. is expected to announce an investment in Mexico very soon as the country works to expand infrastructure and renewable energy supply to take advantage of a boom in companies relocating, Foreign Affairs Minister Marcelo Ebrard said. The Mexican government has been working with the carmaker led by billionaire Elon Musk to help it find a location to ...

Bloomberg The Pentagon is tracking what it said was a Chinese surveillance balloon over sensitive nuclear sites in the western US, an incident that injected new strain into relations before a planned Beijing visit by Secretary of State Antony Blinken. The balloon was first spotted earlier this week and had been loitering over Montana, where Minuteman III intercontinental-ballistic-missile silos are ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), a reliable and responsible provider of lower-carbon intensity energy, on Thursday announced it has signed agreements with 23 UAE and international companies for local manufacturing opportunities across a wide range of critical industrial products worth AED17 billion ($4.63 billion). The agreements outline the intention of the companies to manufacture ...

  Abu Dhabi / WAM Borouge on Thursday announced its financial results for the twelve-month and three-month periods ended December 31, 2022, with strong year-on-year growth in sales volumes driving healthy revenue growth. Highlights for the twelve months to December 31, 2022; Borouge reported a net profit of $1.4 billion, in line with market expectations and holding up well, despite ...

PANAMA / WAM A delegation from the Emirates News Agency (WAM), chaired by its Director-General Mohammed Jalal Al Rayssi, has discussed the agency’s cooperation with several media entities in Panama. During its visit to Panama, WAM delegation explored the outcomes of the first edition of the Global Media Congress which was held in Abu Dhabi in November 2022 and the ...

  Abu Dhabi / WAM Etihad Airways has announced that it will increase its services to Frankfurt, Germany, as of May 1. The airline will add an extra four services a week to its current daily frequency, bringing the total number of flights to Frankfurt up to 11 weekly. The additional flights will be operated by one of Etihad’s ultra-modern ...

  Bloomberg US hiring likely continued to moderate at the start of the year, though still-solid wage growth, an unemployment rate near historical lows and high vacancies are seen stiffening the Federal Reserve’s resolve to keep rates elevated for some time. Friday’s jobs report is expected to show payrolls rose by 190,000 in January. Economists also estimate that average hourly ...

  Bloomberg The Royal Mail Pension Plan is handing BlackRock Inc. an £8.8 billion ($10.9 billion) mandate to be its outsourced chief investment officer. The world’s largest asset manager will lend its trading capabilities and technology to the pension plan, while using staff from the in-house investment team, according to a statement on Thursday. The plan pays for the retirements ...

Bloomberg The US is launching a new initiative to identify and invest in climate adaptation for Africa’s most nutritious crops in a bid to deal with growing hunger on the continent. The program, announced by the US State Department together with the United Nations’s Food and Agriculture Organization and the African Union on Wednesday, will seek to identify crops in ...