Abu Dhabi / Emirates Business An innovative initiative for converting waste cooking oil into biodiesel has been launched by Tadweer, the Center of Waste Management, Abu Dhabi, in collaboration with the Masdar Institute of Science and Technology, an independent research-driven graduate-level university focused on advanced energy and sustainable technologies. Working with Masdar Institute, the Facilities Management Company Khidmah and Averda …

Bloomberg Crude oil surged the most in seven years, rebounding from the lowest in more than a decade as equities rallied. Volatility jumped. Futures rose 12 percent in New York and 11 percent in London. U.S. stocks halted a five-day slide that dragged global equities into a bear market. Producers are ready to work together and won’t make cuts unless …

Bloomberg Stock picker David Tepper increased his firm’s U.S. equity holdings by 56 percent last quarter, led by a jump in his Alphabet Inc. position and new stakes in pipeline companies. The billionaire founder of $18 billion Appaloosa Management bought 5.1 million shares of Energy Transfer Partners worth $173.5 million as of December 31, and 9.4 million shares of Kinder …