BLOOMBERG Oil tumbled, shaken by the biggest US bank collapse since 2008 as investors fled from risk assets and sought shelter in government bonds and gold. The failure of Silicon Valley Bank roiled markets as traders try to assess how the collapse will reverberate across the economy. Global benchmark Brent crude fell below $80 for the first time in more …

BLOOMBERG For over a decade, Viridos Inc. was the centerpiece of Exxon Mobil Corp.’s heavily advertised push to develop climate-friendly biofuels from algae. The oil major slashed its support for the company last year. Now Viridos, based in La Jolla, California, has secured funding from a new group of backers. Viridos announced on Monday a $25 million round of financing …

ABU DHABI / WAM Artificial Intelligence (AI) is crucial for the UAE in its ambitious efforts to tackle climate change, according to a senior Emirati official who graduated an AI programme from the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI). “Artificial Intelligence (AI) is set to play a fundamental role in the UAE’s transition to a green economy and …