Hershey said Wednesday it will use classic recipes for all Reese’s products starting next year, a change that comes after the grandson of Reese’s founder criticized the company for shifting to cheaper ingredients.
SEOUL, South Korea (AP) – South Korea and Indonesia agreed Wednesday to expand cooperation in defense industries, technology and supply chains as their leaders pledged to upgrade their strategic partnership in face of uncertainties stemming from the war in the Middle East, Seoul’s presidential office said.
NEW YORK (AP) – Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war, which took a record amount of oil off the market when tankers full of crude were stranded in the Persian Gulf and military strikes damaged refineries, pipelines and export terminals.
Excerpts from recent editorials in the United States and abroad:
NEW YORK (AP) – U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday, as the Iran war pushes fuel prices to soar worldwide. According to motor club AAA, the national average for a gallon of regular gasoline is now $4.02 – over a dollar more expensive than before the war began.
TOKYO (AP) – Business sentiment among major Japanese manufacturers rose to 17 in March from 16, according to the Bank of Japan’s quarterly survey released Wednesday. The improvement in the key so-called diffusion index in the closely watched “tankan” report, recorded for the fourth quarter straight, comes even as worries grow about the war in Iran.
WASHINGTON (AP) – U.S. consumer confidence inched higher in March despite soaring energy prices. The Conference Board said Tuesday that its consumer confidence index rose modestly to 91.8 in March from 91 in February. The board said that there was increasing pessimism in other measures of the survey, including expectations of higher inflation.
FRANKFURT, Germany (AP) – Europe’s inflation rate rose to 2.5% in March as the Iran war sent fuel prices sharply higher, official figures showed Tuesday. And that is leading analysts to pencil in interest rate increases by the European Central Bank later this year.
NICOSIA, Cyprus (AP) – Skyrocketing oil and gas prices in Europe as a result of the ongoing Iran war won’t return to normal levels any time soon, even if peace is declared tomorrow, the European Union’s energy commissioner warned Tuesday.
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