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UAESA invites firms, research centres to join Asteroid mission

ABU DHABI / WAM The UAE Space Agency (UAESA) announced the first batch of opportunities for startups, private companies, and research centres in the UAE to take part in the Emirates Mission to the Asteroid Belt, the first-ever mission to explore and study seven asteroids of the main asteroid belt. The invite came at the UAESA’s participation in the “Make ...

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Wall Street bets on Fed interest-rate hike, but not in June

BLOOMBERG Wall Street’s reaction to the latest jobs report showed bets that another Federal Reserve interest-rate hike is likely in the bag — but that wouldn’t necessarily happen in June. As Treasury yields climbed, swap contracts projected officials will probably wait until next month to tighten again. The possibility of a Fed pause, more signals that the economy is still ...

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ESG fund manager beats 99% of peers with giant bet on Nvidia

BLOOMBERG The ESG fund with the biggest exposure to Nvidia Corp has just beaten 99% of its peers, as bets on artificial intelligence (AI) transform the fortunes of portfolios promoting environmental, social and governance principles. The $830 million Nvidia stake held by Swedbank Robur Technology C makes it the most exposed ESG-registered fund to the world’s most valuable chip company, ...

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