Bloomberg Oil traded near $63 a barrel in London as traders awaited weekly US inventory data for the latest steer on the demand recovery. Brent futures climbed 1%, swinging between gains and losses. Attention will shift later to US inventories, after an industry report showed a decline in crude stockpiles but a gain in gasoline holdings. The government data will ...

ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (ADNEC) has won two accolades at the Middle East Event Awards (MESE), further cementing the company’s proven excellence. The Abu Dhabi National Exhibitions Company was recognised as the ‘Best Employer of the Year, 2020’ in the events industry, following its presentation of its core mission, vision and values alongside the ...

FUJAIRAH / WAM Oil product inventories at the UAE’s Port of Fujairah climbed to a five-week high led by a record increase in fuel oils for power generation and marine bunkers. Total stockpiles stood at 20.77 million barrels as of April 5, up 7.7 percent from a week earlier and the highest since March 1, according to Fujairah Oil Industry ...

AL AIN / WAM The United Arab Emirates University (UAEU) will participate in a special pavilion in Expo 2020 Dubai next October. The pavilion will shed light on the “University of the Future” initiative, which aims at revolutionising higher education in the Arab world by 2030. Zaki Nusseibeh, Chancellor of UAEU, said that the university’s participation in the fair through ...

The Hong Kong government’s proposal to let directors obscure their identities on the companies register is a retrograde step that will facilitate fraud and corruption. Don’t take a journalist’s word for it. Don’t listen to the legal profession, which said in 2009 that ID numbers should be fully disclosed. Don’t pay heed to the accountants and corporate governance experts who ...

The Supreme Court has ruled that Google did not violate Oracle’s copyright when it copied 11,500 lines of JAVA code for its Android operating system. The 6-2 decision followed a long-term trend by reversing a ruling by the US Court of Appeals for the Federal Circuit, a specialised body that tends to protect intellectual property more aggressively than does the ...

Opposition to Boris Johnson’s go-slow plan for reopening the economy and his too-vague plan for domestic vaccine passports has been growing in his Conservative Party. There are many arguments raised, but what really bothers some conservatives (small and big C) is the suspicion that his policies reflect a sizable shift in the role of the state in people’s lives. Some ...

Bloomberg Flipkart, the Indian e-commerce giant controlled by Walmart Inc, is making progress toward an initial public offering as soon as the fourth quarter of this year, according to people familiar with the matter. The US retail giant has set up an internal IPO team for Flipkart and is leaning towards a traditional debut in the US, said the people, ...

The global recovery needs to call its agent. An economic rebound as brawny as the one projected this year ought to be a cause for celebration. It’s a relief that gross domestic product will enjoy its biggest spurt in years — perhaps even decades — following the biggest drop since the 1930s. Instead, the almost daily upgrades to growth forecasts ...

Bloomberg Ryanair Holdings Plc can begin taking delivery of the Boeing Co 737 Max jet after European regulators signed off on a version of the single-aisle model that can squeeze in almost 200 passengers. The European Union Aviation Safety Agency (EASA) issued a type certificate for the so-called Max 200 model, according to a notification on its website. The action ...