BLOOMBERG South African fuel and chemical maker Sasol Ltd took a 35 billion-rand ($1.9 billion) writedown on a facility at the heart of its operations and warned of regulatory uncertainty in the country as greenhouse-gas emissions rose. The “significant impairment” on the Secunda liquid fuels plant is reflective of Sasol’s reassessment of costs and the “need to remain realistic and ...

BLOOMBERG European natural gas prices plunged as traders gauged the state of crucial negotiations to avoid strikes at Australia’s biggest export facility for the fuel. Benchmark futures fluctuated wildly — briefly plummeting as much as 18% before paring the loss — after the contract settled at its highest level since April. The sharp moves highlight extreme nervousness in the market ...

DUBAI / WAM Dubai Customs has launched “Cooling Hearts” initiative, which involves providing cold water, juices, and fruits to the labour workforce in Dubai, in collaboration with the Permanent Committee for Labour Affairs (PCLA) in Dubai and the “Taqdeer Award”. Over the course of three months, the campaign aims to distribute a total of 10,000 packages. Volunteers from Dubai Customs ...