Olive oil prices have surged to record levels due to a prolonged drought in Spain, the world’s largest producer and exporter of the product. Prices have surged more than 60% since June, and experts warn that consumers will have to brace themselves for further increases. The severe drought that Spain has been experiencing since…
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Disappointing sales are behind Beijing-based Bitmain’s decision to furlough employees, local media reports Bitmain, the world’s biggest producer of hardware designed for mining cryptocurrency, has stopped paying salaries for September and beyond, Chinese tech media outlet Leiphone reported on Tuesday, citing many company employees familiar with the matter.
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JPMorgan has sharply lowered its fourth quarter economic forecast for Israel. According to a research note made public on Friday, the country’s gross domestic product (GDP) may shrink 11% from the previous three months amid the escalation of hostilities with the Palestinian armed group Hamas.
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