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Oil pares weekly gain with virus fears countering tighter supply

Bloomberg Oil slipped, paring a weekly gain, as concern of demand erosion from a coronavirus resurgence countered strong US economic data. Futures fell to about $40 a barrel in New York as the virus continues to spread unabated across large parts of the US, clouding the outlook for energy demand. Crude prices gained 4.2% for the week as data showed ...

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Dubai sees 83% growth in trader licences in H1

Dubai / WAM The Department of Economic Development (DED) Trader licence launched by the Business Registration and Licensing, (BRL) sector, enabling start-ups in Dubai to conduct business activities online and across social networking accounts, has seen an 83 percent increase in licences issued from January to end of June. Compared to the same period last year when the total number ...

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Amazon, Google face tough rules in India’s new e-commerce draft

Bloomberg India’s latest e-commerce policy draft includes steps that could help local startups and impose government oversight on how companies handle data. The government has been working on the policy for at least two years amid calls to reduce dominance of global tech giants like Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc. Under rules laid out in a 15-page ...

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