Alkesh Sharma / Emirates Business Imagine making a secure payment at a suburban fuel station through your wrist watch by just moving your arm before a machine. It could be certainly far more convenient and a great case of how useful Internet of Things (IoT) technology could be in daily life. With the number of Internet of Things (IoT) enabled …

Bloomberg Saudi Arabia shot down rumours it might cut oil production, but reaffirmed its commitment to an output freeze that could restrict crude flows to market this summer. With the world’s biggest exporter already pumping near-record volumes, that may not matter. Last week’s pledge to cap production at January levels along with Russia, Venezuela and Qatar — repeated on Tuesday …

BLoomberg The pound sank below $1.39 for the first time since March 2009, while a gauge of anxiety in currency markets showed traders are preparing for even more extreme moves. Options traders are paying the most to protect against price swings in six months’ time compared with historical volatility since Lehman Brothers Holdings Inc. collapsed during the 2008 credit crisis. …