Bloomberg Oil refiners are hunting for vessels to store jet-fuel and gasoline that nobody is buying, sending freight rates sharply higher, an indication that the global refining system is fast approaching a breaking point. Until now refiners had mostly been storing unwanted product on site, but the latest indication from the tanker market suggests they are now being forced to ...

ABU DHABI / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development and Chair of the UAE National Commission for Education, Science and Culture, participated in a remote meeting of ministers of culture organised by United Nations Educational, Scientific and Cultural Organisation (Unesco). The meeting touched upon repercussions of Covid-19, on culture, innovation sectors in all countries, ...

Bloomberg IndiGo, Asia’s biggest budget airline by market value, reversed a decision to slash employee salaries after the Indian government urged companies to avoid such practices, according to people with direct knowledge of the matter. The airline, operated by InterGlobe Aviation Ltd., had proposed pay cuts of as much as 15% for most staff but will no longer go through ...