prices

Thailand Joins Vietnam, Indonesia and Others in Facing Tourism Crisis as Skyrocketing Oil Prices Threaten Southeast Asia’s Economic Stability and Tourism Rescue – Travel and Tourism World.

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Home » AIRLINE NEWS » Thailand Joins Vietnam, Indonesia and Others in Facing Unexpected Tourism Crisis as Skyrocketing Fuel Prices Threaten Southeast Asia’s Economic Stability and Tourism Recovery. Published on March 28, 2026 An image created by Ai Thailand, Vietnam and Indonesia-the three most popular destinations in Southeast Asia-are struggling with tourism crisis fueled by … Read more

What could oil above $100 mean for food prices in Europe?

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What could oil above $100 mean for food prices in Europe?

The joint US-Israeli attacks on Iran and Tehran’s response have pushed oil prices higher, with Brent crude often rising above $100. Experts say this will not only affect energy prices but also food prices. ADVERTISING ADVERTISING The impact could be particularly strong in Europe, leading to higher food prices and higher living costs. So, how … Read more

Goldman Sachs has a mixed message on oil prices and jobs

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Goldman Sachs has a mixed message on oil prices and jobs

Goldman Sachs economist Pierfrancesco Mei published a note on March 26 estimating that rising oil prices will reduce US wage growth by about 10,000 jobs per month until the end of 2026. The bank also expects the unemployment rate to rise 0.2 percentage points overall to 4.6% in Q3 2026. Higher oil prices account for … Read more

Consumer Confidence Continues to Fall as Gas Prices Rise

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Gas prices are displayed at a Mobile Gas station on March 17, 2026

Shoppers on their way to the mall are paying more attention to prices at the gas station – and they don’t like what they see. Consumer confidence in March fell 6 percent from the previous month, falling back to levels last seen in December, according to the closely watched University of Michigan Consumer Survey. Joanne … Read more

Higher oil prices could significantly reduce Alberta’s budget deficit

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Higher oil prices could significantly reduce Alberta's budget deficit

Open this photo in the gallery: Oil pumps in a farmer’s field near Calgary in November, 2025. The Alberta government had projected a $4.1-billion deficit in the current fiscal year.Todd Korol / Reuters When Alberta Finance Minister Nate Horner released the annual budget more than a month ago, he warned of “difficult decisions” ahead, painting … Read more

Even wealthy Americans are struggling economically as gas prices rise and stocks fall | CNN Business

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Job seekers attend a job fair held at Amerant Bank Stadium in Sunrise, Florida, on September 25, 2025.

Washington – Americans are growing pessimistic about the U.S. economy as the Iran war continues to shake out, with sentiment falling across all income groups — including the wealthiest. Consumer sentiment fell 6% this month to a final reading of 53.3, the University of Michigan said Friday, down from what was reported earlier this month, … Read more

Even wealthy Americans are struggling economically as gas prices rise and stocks fall | CNN Business

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Job seekers attend a job fair held at Amerant Bank Stadium in Sunrise, Florida, on September 25, 2025.

Washington – Americans are growing pessimistic about the U.S. economy as the Iran war continues to shake out, with sentiment falling across all income groups — including the wealthiest. Consumer sentiment fell 6% this month to a final reading of 53.3, the University of Michigan said Friday, down from what was reported earlier this month, … Read more

Rising oil prices can increase food costs – but hoarding groceries “makes it worse,” an economist says.

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The 26-year-old works in a bookstore and lives on $53,000 a year in New York City.

Rising oil prices tend to drive up grocery costs, but that doesn’t mean consumers should rush out and save money, economists say. Brent crude has soared above $100 a barrel in recent weeks – after trading near $60 in January – as Iran’s war worsens the Strait of Hormuz, which transports a fifth of the … Read more

The odds of a recession are rising on Wall Street as the economy shows lower margins

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Markets are facing oil shocks, rising yields and recessionary concerns

Federal Reserve Chairman Jerome Powell last week pushed back when asked if the recession poses a threat to the US economy. His successor may face a tough challenge, as Wall Street analysts raise their expectations of a recession, brought on in part by the Iran war and the possibility of higher prices. In recent days, … Read more