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Coin exchange crisis of 692.Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull.
New challenges in 2021, including the Delta variant and reduced access to the COVID-19 vaccine in developing countries, further exacerbated the recovery of global production even as the economies of wealthier, vaccinated regions, such as the United States and Europe, resumed their patterns of consumption. [1]
Here are some of the biggest risks for American businesses in 2024. For starters, since there’s always a chance of a downturn on any given year, the threat of a recession still lurks .
Here are three of the biggest challenges that the incoming administration will have to navigate. ... "U.S. energy companies on average say they need WTI crude prices to be at least $65 a barrel ...
Last year was a particularly rough one for small businesses. In addition to the 600,000 establishments that typically close each year, an extra 200,000 companies shut their doors as a result of ...
In May 2020, Chinese Premier Li Keqiang announced that, for the first time in history, the central government would not set an economic growth target for 2020, with the economy having contracted by 6.8% compared to 2019 and China facing an "unpredictable" time. However, the government also stated an intention to create 9 million new urban jobs ...
“Vetrepreneurs” – veterans that start small businesses or startups -- own nearly 2 million small businesses that employ 5.5 million people in the U.S., according to the Small Business ...
After struggling to maintain business levels at its brand names Karstadt and KaDeWe, Arcandor sought help from the German government, and then filed for insolvency. Hypo Real Estate: Germany: 5 October 2009: Banking: Depfa, one of the companies subsidiaries ran into liquidity problems in 2008 as a result of the financial crisis.