DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) is building a new 50,000 Refrigeration Tonnesm (RT) unmanned district cooling plant in Jumeirah Village Circle (JVC). Being built at a total cost of AED250 million, the project is part of company’s expansion plan of increasing the number of district cooling plants across Dubai, to serve major projects. This is also …

Bloomberg The slide in US stocks slowed somewhat as investors weighed the impact of the Federal Reserve on growth in an economy already buffeted by trade, geopolitical tensions and a possible government shutdown. All major American equity benchmarks opened lower, before a tech rally pared some losses, as the Fed looked certain to raise rates after its policy meeting on …

Bloomberg China’s exchange rate is likely to get more volatile in time as the country pushes greater international use of the yuan, according to Goldman Sachs Group Inc. While the yuan-internationalisation campaign hit a setback as China tightened regulation of capital flows in the wake of a messy 2015 devaluation, there’s increasing pressure for policy makers to take up the …