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Infrastructure 
ESG and climate change take the backseat for infrastructure, energy pragmatism in Fink’s letter
“In my nearly 50 years in finance, I’ve never seen more demand for energy infrastructure”
Honeywell gears up for sustainable aviation fuel project. PLUS: EU + French Development Agency finance water treatment plant, EDA to clamp down on counterfeit meds
Honeywell will complete a feasibility study for the project within the next few months
Saudi Arabia’s PIF solidifies position in US EV maker Lucid with additional USD 1 bn stake
A share of the proceeds will finance Lucid’s capex and working capital
Siemens to build smart health facilities in Egypt. PLUS: Tejas Network, Paymob + MID Takseet, Afreximbank + Hafiz
The revamp aims to increase the efficiency of the facilities, reduce energy consumption and disruptions, and improve patients’ comfort and…
IMF chief calls on China to “reinvent itself” to end mounting property crisis
A more domestic consumption-centered policy mix could add USD 3.5 tn to China’s economy over the next 15 years, says…
Reddit’s big NYSE debut stokes hopes for a US IPO revival
More listings could revitalize an IPO market that has been sluggish since 2021
Fed keeps rates unchanged, signals rate cuts are coming
The Fed cited solid expansion of economic activity, elevated but easing inflation, and strong job gains for its decision
Japan hikes rates for first time in 17 years
The Bank of Japan increased its rates to 0-0.1%
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