Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself

A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again?  The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to…

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Elon Musk's SpaceX prepares for public offering

SpaceX, Elon Musk’s spacecraft and satellite communications company, is preparing to go public after reportedly filing paperwork with the Securities and Exchange Commission (SEC). After months of speculation, the company has confidentially filed for an initial public offering (IPO) and is targeting a June listing, according to multiple outlets. Bloomberg reported that this… Source link

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How to save money on flights as airlines raise prices

Travelers in Terminal 1 at John F. Kennedy International Airport in New York, March 1, 2026. Michael Nagle | Bloomberg | Getty Images For budget-conscious travelers, it’s gotten harder to escape the rising cost of airfare in recent weeks. Airlines are raising bag fees, adding fuel surcharges and cutting flight schedules to manage the fallout…

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Britain to call for toll-free Strait of Hormuz

Yvette Cooper, UK foreign secretary, delivers the opening remarks as she chairs a virtual meeting to discuss the re-opening of the Strait of Hormuz, in London, UK, on Thursday, April 2, 2026. Bloomberg | Bloomberg | Getty Images U.K. Foreign Minister Yvette Cooper is expected to call for unhindered access through the Strait of Hormuz…

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