Bloomberg Cenovus Energy Inc is taking advantage of a plunge in the price for credits that allow the oil-sands company to produce more than output limits imposed by Alberta. For August, those credits are trading at about $1.25 a barrel, compared with $7 or more before the global pandemic, according to people familiar with the market who asked not to ...

Bloomberg Canada’s oil-sands producers are taking their time at restoring production, leaving the country’s normally congested pipelines with room to spare. Enbridge Inc said that nominations to ship heavy oil on its Mainline, the country’s biggest oil-export network, exceeded capacity by 7% in August versus 3% in July. For the sixth straight month, no rationing was imposed for light oil ...

The United Nations currently predicts that by 2027, India will overtake China as the world’s most populous country. Estimates suggest India and Nigeria will together add 470 million people in the next three decades — almost a quarter of the world’s population increase to 2050. According to a new study from the University of Washington (UW), however, several developing nations ...

Users continue to flock to Twitter Inc’s social media platform, but that doesn’t necessarily make it any better of an investment for shareholders. Twitter posted strong audience growth for its second quarter. Its key user metric — average monetizable daily active usage — came in at 186 million for the three months ended in June, up 34% from a year ...

It’s sinking in: most of the 130,000 schools in the US will likely not fully open as Covid-19 diagnoses continue to break records. Should parents admit defeat and have one parent quit the workforce to provide childcare and supervise remote learning? Before making this decision, consider the longer-term costs of taking a break from work. Taking a career break means ...

There’s nothing arbitrary about an epidemic. While each disease is the product of a chain of accidental genetic shifts, the process that turns a novel infection into a devastating outbreak is as much social as biological. The vast majority of new conditions will die out before they spread beyond a handful of people. Only rarely will one exploit the fault ...

Bloomberg As US-China ties have deteriorated since the Covid-19 pandemic devastated the globe, the trade deal they signed in January has served as sort of a linchpin in the relationship. Now that also could be coming undone. President Donald Trump, who has repeatedly blamed China for the virus’s spread ahead of the US election in November, said the phase-one trade ...

Bloomberg The number of coronavirus infections in the Philippines surpassed 80,000, a level that increases the risk of stricter quarantine measures if the trend continues. The nation added 2,110 cases on Sunday to reach 80,448, the health department said. There were 39 new fatalities, taking the toll to 1,932. The level of active cases of 52,406 is the highest in ...

Bloomberg Brookfield Asset Management Inc has picked banks for an initial public offering of its India real estate investment trust that could raise at least $500 million, according to people familiar with the matter. The Canadian asset manager has selected Bank of America, Citigroup and Morgan Stanley to arrange the REIT offering, said the people, who asked not to be ...

Bloomberg Overstretched health services and social-distancing measures to combat coronavirus are giving a boost to telemedicine across Asia, a phenomenon likely to continue even after the pandemic has been controlled. Economies as diverse as South Korea’s — with its world-class technology sector — and India’s, with low health-care costs and a deep pool of doctors, are exploring digital health possibilities ...