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Climate change, Brexit threaten to wilt Dutch tulips
Climate change, Brexit threaten to wilt Dutch tulips
Economy
by  AFP

Arjan Smit gazes out over his tulip fields, a riot of red and pink flowers he has cultivated all his adult life and part of a family business his grandfather started in 1940. Despite the challenges, the genial farmer is upbeat about the prospects for his son, 22-year-old Tim, who will be the fourth generation Smit running the family business.

Yen sinks to 34-year low past 160 per dollar
Yen sinks to 34-year low past 160 per dollar
Economy
by  AFP

The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year. "Markets appear to be trying to push dollar-yen towards 160 in the absence of official intervention," said Vishnu Varathan, at Mizuho Bank.

Yen slides to fresh 34-year low against dollar, stocks rally
Yen slides to fresh 34-year low against dollar, stocks rally
Economy
by  AFP

The yen slumped to a fresh 34-year low against the dollar on Monday, fuelling expectations Japanese authorities would step in to support their currency for the first time since late 2022. The yen slipped to 160.17 to the greenback in morning trade, stirring speculation that Japanese authorities would intervene to arrest its slide.

France moves to acquire key activities of tech giant Atos
France moves to acquire key activities of tech giant Atos
Technology
by  AFP

French Finance Minister Bruno Le Maire on Sunday said he had moved to acquire the "sovereign activities" of debt-laden French tech giant Atos and prevent foreign ownership of them. Le Maire told television channel LCI that he had sent a letter of intent, a non-binding action, this weekend "with a view to acquiring all the sovereign activities of Atos".