A new reality is setting in for travelers worldwide: rising fees, fewer flight options and difficult decisions about whether a trip is worth the cost. The culprit is volatile oil and jet fuel prices, which have spiked sharply since the war in the Middle East began and fighting near the narrow Strait of Hormuz created a chokepoint for global oil supplies.
WASHINGTON (AP) – U.S. applications for unemployment benefits rose last week before Iran, Israel and the U.S. announced a two-week ceasefire deal that injected a degree of optimism into a still-clouded global economic picture.
RAINELLE, W.Va. (AP) – Every month, Rebecca Michalski takes a deep breath before opening her electric bill. She lives on a fixed income, and heating her small house this winter has been staggering: Her February charge was $940.08 – more than her check.
Excerpts from recent editorials in the United States and abroad:
FRANKFURT, Germany (AP) – To end the war with the United States and Israel, Iran is demanding the right to collect tolls in the Strait of Hormuz as a precondition for reopening the waterway vital to world oil supplies.
BOGOTA, Colombia (AP) – The Iran war has exposed deep vulnerability in the global economy: dependence not just on oil, gas and coal for fuel, but on petrochemicals that underpin everything from food production to plastic packaging.
TEHRAN, Iran (AP) - The United States demanded Wednesday that Iran immediately reopen the Strait of Hormuz after the Islamic Republic closed the waterway in response to Israeli attacks against the Hezbollah militant group in Lebanon. Iran's move cast doubt over whether an already precarious ceasefire to end more than a month of war would hold.
NEW YORK (AP) – Corporate foundations’ philanthropic commitments were called into question this past year as tariff-driven uncertainty, rising costs and tax law changes prompted many companies to reconsider their charitable strategies.
General Motors is recalling more than 270,000 Chevrolet Malibu vehicles in the U.S. because the rearview camera screen may display a distorted or blank image.
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