Bitcoin Hits All-Time High
Bitcoin, the leading cryptocurrency, has surged to a new record high, surpassing $70,000 for the first time and reaching a peak of around $71,300,
Global food prices surged in May at its fastest pace since October 2010, BBC reported. The foods rose by 39.7 % on monthly basis, a report by the UN Food and Agriculture Organisation (FAO) showed. The robust growth of prices was largely due to pandemic restrictions which disrupted deliveries in some parts of the world. The UN uses a broad index of global food costs, which have also climbed for 12 months in a row.
Suppliers have been affected by disruptions to production, labour and transport during the pandemic. Concerns are growing about broader inflation and how higher grocery bills will impact the world's economic recovery.The FAO food price index tracks prices around the world of a range of food including cereals, oilseeds, dairy products, meat and sugar.
All five components of the index rose, led by the surging cost of vegetable oils, grain and sugar. That pushed the index up to its highest overall level since September 2011. The increased costs are a result of renewed demand in some countries and a backlog of low production. Experts had warned that high demand and low production would lead to rising inflation as economies exit lockdown.
However, some industries could see a strong recovery. The FAO forecasts record global cereal production this year, which may help to ease upward price pressures.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
All state universities, along with some private institutions, will be closed on May 20 in protest against the government's failure to fulfill its obligations outlined in the Higher Education Law
Bulgarian State Railways (BDZ) is set to bid farewell to paper tickets, as passengers will soon have the option to purchase their train tickets using various electronic channels.
The taxi industry in Bulgaria is issuing an ultimatum to the local government due to recent changes in road organization, particularly the removal of taxi stands in Sofia
Acting Minister of Culture Nayden Todorov expressed concerns regarding certain streaming platforms operating in Bulgaria without providing Bulgarian translations
Today, several regions in the country are facing adverse weather conditions once again
An American residing in Burgas was involved in a car crash on the Trakia highway, resulting in significant damage to his vehicle
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU