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Oil rises in volatile trading as production deal nears

Bloomberg Oil rose but trading was volatile as the world’s top producers inched towards a deal to curb output. Brent futures were higher on the day, but fell sharply by about $2 a barrel on concerns that any deal may not be enough to stem rising inventories. The Opec+ meeting discuss curbing output by 10 million barrels a day, said ...

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UAE Space Agency begins virtual activities of GSIA

ABU DHABI / WAM The UAE Space Agency, in collaboration with the Abu Dhabi-based global innovation hub Krypto Labs, announced that it would be kicking off its virtual programmes as part of the Global Space Industry Accelerator (GSIA) initiative. As part of its digital transformation, the UAE Space Agency will be holding a virtual roadshow for the NewSpace Innovation Programme. ...

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India plans $6.6b lifeline for virus-hit power firms

Bloomberg India is planning to provide nearly $6.6 billion in loans to state power utilities as a slump in electricity demand squeezes liquidity while dues to generators pile up, according to people with knowledge of the development. The loans, via state-run Power Finance Corp. Ltd. and its unit REC Ltd., will help the utilities, known as discoms, clear debts to ...

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