Tulips and bitcoin have both been associated with financial bubbles in their time, but in a giant greenhouse near Amsterdam the Dutch are trying to make them work together.. This saw prices for a single bulb rise to more than 100 times the average annual income at the time before the bubble burst in 1637, causing banks to fail and people to lose their life savings.
The European Union embargo on Russia's oil and an international cap on the price of the country's crude is disrupting the maritime transport sector.. The EU on Monday enforced an embargo on Russian crude shipments, the bloc's latest sanction in retaliation for Moscow's invasion of Ukraine.
"Everything is increasing except our wages," Ethiopian porter Zerihun told AFP, summing up the financial crisis facing the Horn of Africa nation as it reels from skyrocketing inflation and an economic slowdown.. The slowdown in trade with the north has also seen fewer trucks turning up at Merkato, meaning less work for porters like Zerihun and Sintayeh.
The US Federal Reserve is poised to slow its interest rate hikes next week, economists say, as central bankers' most forceful moves in decades to fight inflation ripple through the economy.. - 'Signs of stress' - Despite the Fed's forceful moves, consumer inflation stood at 7.7 percent in October while job gains remained robust, sending jitters through markets on worries that the central bank would prolong its aggressive campaign.
After several false starts, Twitter announced on Saturday it would relaunch its subscription service next week, including a system for authenticating accounts on the platform.. "We're relaunching @TwitterBlue on Monday -- subscribe on web for $8/month or on (Apple's) iOS for $11/month to get access to subscriber-only features, including the blue checkmark," the company tweeted.
Thailand celebrated the arrival of its 10 millionth international visitor of 2022 on Saturday, according to the tourism authority, as the kingdom consolidated the recovery of its Covid-battered travel sector.. Traditional dancers and drummers at Bangkok's Suvarnabhumi International Airport on Saturday welcomed passengers arriving on a Saudi Arabian Airlines flight that authorities believe clocked the 10-million milestone.
The United States is open to amending lucrative green subsidies that have drawn transatlantic anger for allegedly encouraging job losses in Europe, US climate envoy John Kerry said.. Several EU leaders including French President Emmanuel Macron, during a state visit to Washington, have said the US subsidies are enticing European companies to relocate to the United States.
French media company Mediawan has bought a majority stake in US film star Brad Pitt's production house Plan B Entertainment, it said Friday, in a deal reportedly worth more than $300 million.. The Financial Times reported the deal had valued Plan B Entertainment at more than $300 million.
A previously unreleased album by disgraced US R&B singer R. Kelly, who is serving a 30-year sentence for sex offenses, dropped Friday on the Spotify and Apple Music platforms, a recording that the music press described as a bootleg. . For these sexual crimes, the federal court in Brooklyn sentenced him to 30 years in prison.
Guyana's President Irfaan Ali on Friday opened bidding for the exploitation of offshore oil blocks in the tiny country, which has the world's highest reserves of crude oil per capita.. The heavily-forested Guyana, one of South America's poorest and smallest countries, was recently found to have proven reserves of at least 10 billion barrels of oil, likely much more according to experts.
