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A nation of knitters: how crafts became Britain’s fastest-growing creative industry

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In an age of Snapchat, virtual reality headsets and Instagram influencers, you could be forgiven for wondering if knitting, embroidery and pottery were set to die out with their older participants. In fact, the industry is in rude health. According to government statistics, crafts were the fastest growing component of Britain’s heralded creative industries in 2016, up 44pc on 2010 and contributing £420m of gross value added to the economy. That might be peanuts compared to the music or film industries, but the numbers are going in the rig... Read More »

London home sellers slash prices at biggest rate since financial crisis

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The prices that London home-sellers are seeking for their properties fell by the most since the financial crisis this month, at a time when prices in most of the rest of Britain are rising, industry figures showed on Monday. London’s once red-hot housing market has slowed for the past year due to a double hit from higher purchase taxes on expensive homes and the June 2016 Brexit vote, which hurt demand from foreign buyers and raised fears of big job losses in the capital’s financial industry. Rightmove, Britain’s biggest property website,... Read More »

The Netherlands Can Feed the World. Here’s Why It Shouldn’t

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Recently, National Geographic published an article called “This Tiny Country Feeds the World,” where the author extolled the innovations of a small European country that has managed to become a global powerhouse in agriculture and technology—the Netherlands. Now the second biggest exporter in value of agricultural products after the U.S., the country has managed to cut down carbon emissions and its use of fertilizer and pesticides while implementing cutting-edge technology and increasing yields. The article opens with a vivid description of ... Read More »

Chinese skyscraper to be auctioned online

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A 156m (511ft) skyscraper in northern Shanxi province has been listed on Taobao, China's largest e-commerce website, by a local court. The 76,000 sq m repossessed building is due to go on the block on 2 January, with a sky high asking price of 553m yuan ($84m; £62m). The site said online auctions helped with transparency in property sales. Construction on the building first began in 2006 and was due to be completed by 2011, according to Chinese state media outlet Xinhua. However, the developer ran into funding troubles. The building was even... Read More »

Grosvenor Crescent rated the most expensive street in England and Wales

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The sweeping crescent, whose Grade II-listed properties are thought to have been built between 1837 and 1860, topped a list of the priciest streets published by Lloyds Bank. However, while Grosvenor Crescent’s residents are sitting pretty, with the typical price tag unchanged on last December, their wealthy neighbours in Eaton Square – which topped the bank’s table a year ago – have each typically seen more than £3m wiped off the value of their property in the space of 12 months, cutting the average price to just over £13.5m. Lloyds did n... Read More »

Winklevoss twins cut up their Bitcoin key to protect their fortune

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People laughed at the Winklevoss twins in 2012 when they started buying up bitcoin - lots of it. The two Harvard-educated entrepreneurs bought about 120,000 bitcoins when they were less than $10 each, using funds they got from settling a lawsuit against Mark Zuckerberg over their claim that they came up with the idea for Facebook. But nobody's laughing at Cameron and Tyler Winklevoss anymore. They confirmed in an interview with The New York Times that they had held on to their bitcoins as the price has skyrocketed - a coin was worth about... Read More »

Spain agrees 4 percent rise in minimum wage for 2018

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pain’s economy emerged from recession in 2013 and become one of the fastest growing economies in the euro zone. However, many of the jobs created during the recovery have been temporary or part-time, leading to low wages and rising inequality. Unions have long asked for wages to rise to reflect Spain’s strong economic growth. The government’s end-of-year growth forecast is 3.1 percent. On Tuesday, they said they were pleased with the wage increase. “It is a boost to rebuild the salaries of people who lost most in the economic crisis,” sai... Read More »

Queen gives all 1,500 Buckingham Palace employees a Tesco Christmas pudding

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According to the official website of the Royal Family, the Queen gives each member of her staff a Christmas pudding, a tradition started by her grandfather, George V. But that is not all. In addition to a Christmas pudding, employees throughout the Palaces, in the Court Post Office, and in the Palace police, also receive a greeting card from the Queen and the Duke of Edinburgh as well. If this all sounds a tad frugal, it turns out it's actually even more so this year. In previous years, it was reported the monarch favoured puddings fro... Read More »

Heritage lovers raise €500,000 to save French castle from ruin

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Heritage lovers scrambled to raise half a million euros in less than a month to save an under-threat French castle. More than 6,500 internauts—via crowdfunding platform Dartagnans—clubbed together to safeguard the 13th century monument. The Mothe-Chandeniers castle, situated 60 kilometres from Tours in north-western France, was put up for sale by its owner because its maintenance costs were so high. The online fundraising campaign was led by Dartagnans co-founder Romain Delaume. He is aiming to hit the one million euros mark—which is thou... Read More »

Forbes Announces First-Ever 2017 Midas List Europe

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Forbes announced at Venture, an investor-focused gathering in Lisbon held in advance of the 2017 Web Summit technology conference, its  first-ever 2017 Midas List Europe.  The launch of the list marks the expansion of Forbes’ Midas List franchise, which highlights many of the world's top tech investors.  The honorees of Forbes’ 2017 Midas List Europe are making their mark in Europe's growing tech ecosystem. Produced in partnership with TrueBridge Capital Partners, the Forbes’ Midas List is the new definitive ranking that acknowledges a vastl... Read More »

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