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Jet fuel shortage explained: Why airfares rise when its supply tightens
Dubai: Jet fuel shortages are fast becoming one of the biggest hidden pressures on global aviation, affecting everything from airline profitability to the price travellers pay for tickets.While passengers may only notice the impact when fares suddenly rise, the causes run much deeper — from refinery bottlenecks and geopolitical tensions to fragile shipping routes and surging travel demand.“Jet fuel remains the single most critical input cost for airlines after labour,” Willie Walsh, Director-Gen...
Key update on when UK petrol and diesel prices 'will start to fall'
Key update on when UK petrol and diesel prices 'will start to fall'Both fuels have shot up in price since the conflict in the Middle East began at the end of FebruaryCommentsMoneySteven Smith Content Editor12:44, 13 Apr 2026View 3 ImagesDiesel has shot up more than petrol(Image: richard johnson via Getty Images)The rise in fuel prices since the start of the Middle East conflict has nearly reached a standstill, new figures show. Average pump prices at UK forecourts increased for the 43r...
Mars accused of 'shrinkflation' as chocolate bars reduced by nearly a quarter while price stays the same
Mars accused of 'shrinkflation' as chocolate bars reduced by nearly a quarter while price stays the sameGet your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By KATHERINE LAWTON, SENIOR NEWS REPORTER Published: 12:33, 13 April 2026 | Updated: 12:37, 13 April 2026 e-mail View comments
India’s Shapoorji Seeks to Delay Paying $1.5 Billion of Debt
Shapoorji Pallonji Group, the Indian conglomerate behind the nation’s biggest-ever private credit deal, is trying to delay paying a separate debt, people familiar with the matter said, underscoring mounting strains amid volatile markets.
Fitch affirms Pakistan’s credit rating at ‘B-’
ISLAMABAD: Fitch Ratings, one of the world’s top three agencies, on Monday affirmed Pakistan’s long-term foreign currency issuer default rating (IDR) at ‘B-’ with a “stable outlook”. “Pakistan’s rating affirmation reflects progress on fiscal consolidation and macro stability measures, broadly in line with its International Monetary Fund (IMF) programme and supporting its funding capacity,” the US-based rating agency said. “Foreign exchange buffers rebuilt over the past year provide a cushion aga...
Goldman Stock Traders Trounce Wall Street Record by $1 Billion
Goldman Sachs Group Inc.’s equity traders posted their second consecutive quarterly record, beating their own previous all-time high by more than $1 billion, as the war in Iran fueled market volatility.
Mars 'shrinkflation' fury as bar size reduced with no price drop
Mars 'shrinkflation' fury as bar size reduced with no price dropShopkeepers have told how they were left 'shocked' after the popular chocolate bar was reduced by almost a quarter from 51g to 40g but still came at the same priceCommentsMoneyGraham Hiscott Business and Consumer Editor12:25, 13 Apr 2026View 2 ImagesShop owners have flagged the shrinking size of some Mars bars(Image: Samohin via Getty Images)The maker of Mars Bars has come under fire for alleged 'shrinkflati...
Farmers ask Stormont for financial help with fuel costs
Farmers ask Stormont for financial help with fuel costs8 minutes agoShareSaveAdd as preferred on GoogleJayne McCormackPolitical correspondent, BBC News NIBBCUFU President William Irvine met political parties at Stormont on MondayThe Ulster Farmers' Union (UFU) has appealed to the Stormont Executive and the government for financial support amid the ongoing crisis over rising fuel prices.Fuel costs have soared globally as a result of the US-Israel war with Iran. Earlier in April the first and...
UAE ministry signs agreement to expand insurance coverage for housing loan beneficiaries
Ministry of Energy and Infrastructure has signed a new agreement to provide extended insurance coverage for housing loan beneficiaries, in a move aimed at strengthening support for citizens and improving access to financing. The agreement, signed through the Sheikh Zayed Housing Programme, is with Sukoon Takaful and focuses on offering a wider insurance protection system for beneficiaries.Get updated faster and for FREE: Download the Gulf News app now - simply click here. Officials said the mov...
Oil Rises Back Above $100/Barrel as Trump Threatens to Blockade Hormuz | Bloomberg Brief 4/13/2026
US equity futures slide as oil rises above $100 a barrel once again as President Trump vows to blockade the Strait of Hormuz at 10 AM Eastern today. Bank earnings kick off with Goldman Sachs set to report before the bell. Ella Gude of BNY Investments Newton discusses the upcoming risks if the blockade does occur. (Source: Bloomberg)
Qatari Riyal to Pakistani Rupee Rate Today – April 13, 2026
Karachi/Doha, April 13, 2026 — The Qatari Riyal (QAR) is trading at 76.51 Pakistani Rupee (PKR) today at 9:03 PM PKT, holding steady at the same level recorded on April 4. The rate remains in the lower range observed since mid-2025, with Qatar’s strong energy sector continuing to provide a reliable anchor amid calm market conditions. The QAR-PKR pair has shown limited movement in recent weeks. Recent rates include 76.51 PKR (Apr 4), 76.58 PKR (Mar 28), 76.36 PKR (Mar 21), 76.64 PKR (Mar 14), 76...
Tell Me Why the UAE property market continues to redefine what’s possible
In the latest episode of Gulf News’ Tell Me Why, Dr (CA) Ankur Aggarwal, Chairman and Founder of BNW Developments, offers a strong vote of confidence in the UAE property market, even as geopolitical tensions shape global sentiment. He positions the UAE’s leadership as a central pillar of stability, enabling businesses and investors to remain focused on growth rather than external uncertainties.Contrary to concerns that market volatility may be making investors more cautious, Dr Aggarwal characte...
Mike Pyle on Building a Portfolio
Barry speaks with Mike Pyle, Senior Managing Director, is the Deputy Head of BlackRock’s Portfolio Management Group (PMG). They discuss the durable economic shocks that could result from the war with Iran including energy security. They also discuss his time in the Biden administration as Deputy National Security Advisor for International Economics. (Source: Bloomberg)
Sticker shock: LA residents alarmed by price of 2028 Olympics presale tickets
LA28 set aside tickets for LA and Oklahoma City residents, but some say they faced exorbitant prices and high feesSince tickets for the 2028 Olympics in Los Angeles went on sale for local residents on 2 April, excitement for the Games has given way to sticker shock among some Angelenos over what they describe as exorbitant prices and an unexpected service fee.LA28 had made a wave of slots in the presale ticket lottery available for residents throughout southern California, where the majority of...
Adams Street Raises $7.5 Billion for Third Private Credit Fund
Adams Street Partners LLC has raised $7.5 billion for its third private credit vehicle focused on institutional investors, more than double the size of its previous fund, even as the market grapples with a retail exodus.
Millions of people in Sudan surviving on one meal a day
Millions of people in Sudan are surviving on just one meal a day, as the country’s food crisis deepens and threatens to spread, according to a report published on Monday by a group of non-governmental organisations. Sudan’s war between the Sudanese army and the paramilitary Rapid Support Forces, which enters its third year on Wednesday, has caused widespread hunger and displaced millions of people amid one of the world’s largest humanitarian crises. “In the two areas w...
In Malaysia, some laud Singapore car driver’s arrest over ‘world’s most expensive petrol’
The driver of a Singapore-registered car has been arrested in Johor for allegedly pumping subsidised Malaysian petrol, triggering a wave of approval online from Malaysians as the government widens a border crackdown driven by rising fuel costs and fears of subsidy abuse amid a global energy shock. The arrest comes after months of viral shaming posts showing Singapore-registered vehicles allegedly filling up with RON95 in neighbouring Johor, fuelling public anger over the abuse of a subsidy meant...
Start investing in gold from Dh10 in UAE with e& money
Dubai: UAE residents can now start investing in gold from as little as Dh10, as e& money rolls out a new app-based feature that allows users to buy and sell 24-karat gold instantly.Sign up for our daily business newsletter, Cheques & Balances.The offering, launched in partnership with SafeGold, enables customers to invest in 99.99% purity gold directly through the app, with the added option of converting digital holdings into physical gold delivered to their doorstep.Get updated faster and f...
Middle class to be £480 worse off as Trump's Iran war drives up bills, says think tank
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Nurse wins settlement in trans pronouns dispute
Nurse wins settlement in trans pronouns dispute32 minutes agoShareSaveAdd as preferred on GooglePAJennifer Melle has been cleared to return to clinical dutiesA nurse from south London who was suspended over an alleged breach of a transgender patient's confidentiality has won a settlement against the NHS trust she works for.Jennifer Melle from Croydon, was removed from duty after speaking publicly to the media about receiving a warning for using the wrong pronouns. On Monday she said: "...