The US economy is under pressure, and a collapse in oil prices could cause it to collapse. “People are getting ready for the fact that we’re either down now or there’s a very good chance we’ll be in the same place soon,” said Hady Farag, partner and co-director of the Boston Consulting Group. Problem: Recession … Read more
Open this photo in the gallery: A person looks at an electronic stock board showing a chart of Japan’s Nikkei index at a stock exchange Monday, March 23, 2026, in Tokyo.Eugene Hoshiko / The Associated Press The Iran war has caused turmoil across financial markets, leaving some investors and market makers reluctant to take risks, … Read more
Photo: RNZ / Unsplash The government should start prioritizing diesel allocations now as the fuel situation worsens, Westpac’s chief economist has said. It comes as supply data from US investment bank JP Morgan reports that the last shipment of fuel from Gulf Oil is likely to arrive in New Zealand on 20 April. Prime Minister … Read more
Australian business groups have warned governments to consider ways to reduce fuel demand and boost support for struggling businesses as the fuel crisis continues. Also on Sunday, the federal government urged Australians to stick to their Easter travel plans – if they can – but the environment minister, Murray Watt, warned the fuel scare was … Read more