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  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 ...

  Bloomberg Brookfield Infrastructure Partners LP’s $15 billion commitment last year to help finance Intel Corp.’s giant new semiconductor complex in Arizona, the first deal of its kind, sent investors and bankers racing to find similar opportunities. Brookfield, a major infrastructure investor, put up $2 billion in equity and borrowed $13 billion from a mix of foreign banks, pension funds ...

Bloomberg North Korea’s Foreign Ministry said the door remains shut for talks with the US on winding down its atomic arsenal, setting the stage for renewed provocations by pledging to respond to what it saw as threats from Washington. “The DPRK is not interested in any contact or dialogue with the US as long as it pursues its hostile policy ...

  Bloomberg UK Prime Minister Rishi Sunak and his Australian counterpart, Anthony Albanese, are planning to go to Washington DC in mid-March potentially to unveil a proposal for Australia’s nuclear submarine project, according to a person familiar with the matter. President Joe Biden will host the British and Australian leaders, and the allies are expected to announce their preferred design ...

  Abu Dhabi / WAM Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, exceeded its operational performance targets in 2022. The carrier achieved 80.5% on-time-performance (OTP) for freighter departures and 84.1% OTP for freighter arrivals, ahead of its 80% target. The carrier has also maintained a delivered-as-promised (DAP) rate of 86.6%, a 2.6% improvement compared to the ...

  Abu Dhabi / WAM Landmarks across the UAE lit up in support of the fourth World Neglected Tropical Diseases Day (WNTDD), an annual moment that aims to galvanise the global community in support of ending neglected tropical diseases (NTDs), a band of debilitating diseases that affect some 1.7 billion people worldwide. Seventeen buildings and structures across Abu Dhabi and ...

Abu Dhabi / WAM Abu Dhabi National Exhibition Centre, part of the Adnec group, is preparing to host major international exhibitions and conferences in 2023, welcoming visitors, exhibitors, and speakers from all over the world. Almost one-third (33 per cent) of these events will take place for the first time in Abu Dhabi and the Middle East, aligning with the ...

  Dubai / WAM ENBD Reit, the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its net asset value (NAV) at December 31, 2022. ENBD Reit’s NAV amounted to $173 million ($0.69 per share), up from $168 million at December 31, 2021. This reflects the continued positive momentum in the Dubai real estate ...

  Bloomberg The European Union (EU) unveiled a roadmap for how it plans to keep its industries competitive as the bloc tries to catch up to the US and China, which offer huge subsidies to domestic green technologies. The European Commission wants to use its Green Deal Industrial Plan to boost national support for companies through investment aid and tax ...