Fuel costs squeezing margins for some businesses

Horizons Middle East & Africa 10/16/2026 (Video)

Bonza owner pleads guilty to $500 million fraud

The man who bankrolled Australian budget airline Bonza has pleaded guilty to a $500 million fraud scheme. American man Joshua Wander was charged by the FBI over a plot to defraud the company's lenders and investors. Bonza collapsed in 2024 after just a year in the sky.

Marco Rubio to visit Indian billionaire Ambani's refinery in Gujarat as U.S. diesel prices surge

U.S. Secretary of State Marco Rubio is set to visit the world's largest oil refinery in Jamnagar, India, owned by billionaire Mukesh Ambani's Reliance Industries, as diesel prices surge ahead of U.S. midterm polls. The International Energy Agency has warned that constraints on the diesel market will likely keep prices elevated into the next year. To ease diesel prices, which affect American truckers, farmers, and shippers, U.S. President Donald Trump earlier this month paused sanctions on...

Jupiter’s Richards Shuns Treasuries as High Yields Lure Rivals

Some of the world’s biggest funds are warming to US Treasuries as yields climb to multi-decade highs. Jupiter Asset Management’s Harry Richards isn’t one of them.