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Russian tycoon sues Sotheby’s for $400 million

Dmitry Rybolovlev has accused the renowned art dealer of aiding a scheme in which he was overcharged $1 billion for some 38 works of art Russian billionaire Dmitry Rybolovlev has brought a case against Sotheby’s at the Manhattan federal court, claiming that the auction house, one of the world’s largest art brokers, aided a scheme…

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Bitcoin projected to smash $100,000 this year

Approval by US regulators of exchange-traded funds that invest directly in world’s top crypto could reportedly drive up the price Bitcoin could surge to record highs this year following a landmark approval of the first-ever spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC), according to a report by CNBC.

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Egypt’s Suez Canal revenues plunge

Revenues generated by Egypt’s Suez Canal saw a 40% year-on-year decline in the first eleven days of 2024, canal authority head Osama Rabie said earlier this week. Ship traffic through the maritime artery connecting the Mediterranean and the Red Sea dropped 30% between January 1 and January 11 compared to the same period a year…

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