The federal government is expected to approve a sharp increase in petroleum prices, effective from October 1, with hikes ranging from Rs1.97 to Rs4.65 per litre, sources said on Monday. The oil industry has finalised its calculations, proposing an increase of Rs1.97 per litre for petrol and Rs2.48 for High-Speed Diesel (HSD). Light Diesel Oil […]
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Artists battle expulsion as rents rise in booming Berlin
A cemetery has popped up outside a Berlin block of art studios called Treptow Ateliers, with half a dozen crosses marked “Demolition” or “Expulsion”. The small “graveyard” is an installation by painters, sculptors and photographers who face losing their workspaces because of gentrification in the booming capital. “It’s an installation to draw attention to what’s […]
Rise of smaller rivals throws up fresh challenge to bitcoin
Bitcoin’s weathered hacks, heists, booms and busts to reign as the king of cryptocurrencies through its first decade. But now there’s a fresh challenge to its dominance of the fledgling market: some 2,000 smaller digital coins. Collectively, “altcoins” are gaining ground on their bigger cousin. Individually, they are gaining traction among users, gathering communities of […]
New social deal signed in Morocco, salaries to rise
The Moroccan government on Thursday announced a “new social deal” with employers and the main labor unions, under which many workers will enjoy a pay rise. The deal agreed by the General Confederation of Moroccan Businesses (CGEM) and the three main unions — the UMT, UGTM and UNMT — is the fruit of months of […]