economic recession
- Business News
Spa-demic resilience: Thailand’s wellness sector unaffected by global downturn says MSpa
Minor Hotels’ spa and wellness arm, MSpa International, declared that the current global economic downturn and geopolitical conflicts will not impact high-spending guests in Thailand’s wellness sector. The company’s group director, Sandie Johannessen, stated emphatically that the nation’s wellness centres continue to attract enthusiastic visitors for leisure trips and retreats, despite the global situation. Johannessen also pointed towards the affluent…
- World News
Cuba turns to Russia amid fuel crisis and economic downturn
Equipped with a navy blue, Soviet-era Lada, Cuban cab driver Jorge Lloro’s everyday life is a stark reminder of Cuba’s Cold War-era relationship with Russia. There are roughly 100,000 Russian-made autos on this island nation, originally brought here as a workaround for the United States’ long-standing economic embargo. Today, grappling with a severe fuel crisis and a grim economic outlook,…
- Business News
Diesel prices dip amid global economic recession fears and interest rate hikes
On Monday, Diesel prices have fallen to around 32 baht per litre, as global crude oil prices continue to decline amidst concerns about an economic recession. The Oil Fuel Fund Office (Offo) has attributed this decrease to economic contraction, resulting from central banks’ interest rate hikes. As central banks, including the Federal Reserve and the European Central Bank (ECB), continue…
