Business

Horizons Middle East & Africa 9/10/2026 (Video)

Sydney crime syndicate allegedly defrauded banks of up to $600m

NSW police say one of Australia's largest fraud syndicates has fleeced banks of up to $600 million in fraudulent loans in what one Investigator described as the largest financial crime he has seen.

Europe Gas Prices Reach Highest Since 2022 on Middle East Supply Risks

European natural gas prices rose to the highest since late 2022 as heightening tensions in the Middle East boosted concerns about prolonged supply disruptions and winter fuel inventory levels.

How N2000/L diesel price affects us – Manufacturers

Manufacturers, bakers and economic experts have warned that the rising price of diesel, which has approached N2,000 per litre in some parts of Nigeria, is putting additional pressure on businesses, workers and consumers, with fears that…

'Saved the day': How China helped keep the lid on oil price surge as Iran war disrupted supplies

China's crude stockpiling and subsequent pullback on purchases since the war erupted in late February has helped the world avoid a deeper energy crisis.

UK Faces Soaring Gas Prices as Winter Nears

UK gas prices have climbed to their highest since 2022 and more than doubled since the start of the year, just as UK households face the highest winter energy costs in three years. Britain is particularly exposed because it relies heavily…

John Lewis Losses Widen as UK Retailer Grapples With Turnaround

John Lewis Partnership Plc’s losses widened in the first half due to higher costs and shoppers reining in discretionary spending, undermining the British department store chain’s turnaround bid.

2 children murdered in Katsina after allegedly identifying goat thief

Two children have been gruesomely killed in Yarliya’u community of Kurfi Local Government Area of Katsina State, with residents alleging that they were murdered after identifying a man suspected of stealing goats in the area. The victims…

ECB Expected to Raise Interest Rates

The European Central Bank is set to raise borrowing costs for the second time since the start of the Iran war. The deposit rate will be lifted by a quarter-point to 2.5% on Thursday, according to all but one analyst in a Bloomberg poll…

Trump Payout Pledge Adds to Bond Market Jitters as Auction Looms

The US President’s promise of a national cash payout for a Republican Party mid-term election victory is injecting fresh uncertainties into the Treasury market ahead of a 30-year bond auction, renewing concerns about Washington’s fiscal…

Malawi: Malawi Hit By Nationwide Blackout, Escom Confirms

[Nyasa Times] The Electricity Supply Corporation of Malawi (Escom) has confirmed a nationwide power outage, which began at 10:45pm on Wednesday, September 9, 2026.

Can India's Modern Buildings Find Their Own Identity?

India is in the midst of a massive construction boom, but what makes its modern architecture distinctly Indian? Menaka Doshi explores buildings designed around the country’s climate, culture and people, rather than simply borrowing from…