Bloomberg Oil steadied in New York as the boost from a weaker dollar offset concerns that the resurgence of coronavirus will crimp fuel demand. Futures held above $38 a barrel, recouping earlier losses of 2.6% as the slide in the US currency made dollar-priced commodities an attractive hedge. Still, sentiment in crude markets remained fragile after last week’s 3.2% slide. ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) has launched a consumption rationalisation campaign under the theme ’Set your AC at 24 C Auto and Save’. The campaign will run until the end of summer and aims to encouraging its customers to rationalise the district cooling consumption during the summer season by setting the air- conditioner thermostat at 24 ...

Bloomberg Of the more than $110 billion in additional funding that sub-Saharan Africa will need this year to fight the coronavirus pandemic, $44 billion has not been financed yet even after several countries have taken up emergency loans and debt-service relief initiatives, according to the International Monetary Fund (IMF). The funding needs persist despite the IMF approving debt-service relief for ...