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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.