Bloomberg Millennials’ seemingly unquenchable thirst for coffee is helping to push global demand to a record just as supplies are tightening. Americans are becoming java junkies at an earlier age, and young adults are increasing their daily consumption at a fast enough pace to make up for declines by older folks. The result: Demand in the US, the world’s ...
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Fine tie makers struggle in a jeans & trainers world
Krefeld / DPA A visit to the Ascot tie and cravat factory in Krefeld, Germany is like stepping back in time, the very building giving the impression of a sobriety alien to today’s start- ups. Silence and concentration reigns among the workers on the factory floor, where only the rattle of the sewing and knitting machines — some of ...
Read More »Mobile money on the move
KAMPALA / AP Ivan Kiryowa repeatedly checked the balance on his phone, nervous sweat on his cheeks, as he waited for money from a friend. Thirty minutes later, $150 had landed in his account and he sauntered into a hardware store, where he bought bags of cement. “Mobile money is convenient for many of us who rely on our ...
Read More »Ethiopia tin-roofed shacks make way for high-rises
Addis Ababa / AFP Surrounded by the rubble of her former neighbours’ homes, Getnesh Amare hangs her laundry in the shadow of the high-rise offices and hotels taking over the once insalubrious centre of Ethiopia’s capital. “They have come many times to force us to move quickly. I’m not happy, but it’s a must. I have to move,†the ...
Read More »Powering up auto industry
Rosh Haayin / AFP An Israeli firm says a super-efficient engine it has created could drastically reduce fuel consumption and help power an auto industry revolution as manufacturers search for environmentally sound alternatives. Industry analysts, however, question the reinvented internal combustion engine’s chances of success at a time when purely electric car technology is advancing and attracting investors. The ...
Read More »Celebrating ‘vinyl’ tunes
Subang Jaya / AFP Collectors and music fans wearing the t-shirts of obscure rock bands brave the tropical heat outside a record store near Malaysia’s capital, waiting to get their hands on new cassette tapes. No, this isn’t a flashback to the 1980s, but an event marking recent International Cassette Store Day, an annual celebration of a music format ...
Read More »BlackBerry’s new ‘smart’ member
EMIRATES BUSINESS BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global software leader in securing, connecting and mobilizing enterprises, recently announced the latest in its series of most secure Android smartphones, DTEK60. As part of BlackBerry’s transition towards a device software licensing strategy – which allows it to focus on putting “the smart in the phone†— the DTEK60’s hardware ...
Read More »Let your wrists ‘shine’
Emirates Business The new shine collection by Swiss watchmaker RAYMOND WEIL is dressing up in different colours. Feminine, elegant and sensual, this model is the perfect timepiece to complement the demands of a modern lifestyle thanks to its unique patented system enabling the strap to be changed in seconds to match the colour of any outfit. The shine ladies ...
Read More »Africa clad in ‘secondhand’ boom
Nairobi / DPA Sewing machines clatter and fumes from charcoal-burning irons fill the narrow aisles hung about with lengths of fabric in the Gikomba Market in Nairobi, one of the largest second-hand clothing markets in Africa. It is 7 am, and traders are already heaving large wooden carts fully laden with second-hand clothes pressed into plastic-covered packs weighing some ...
Read More »â€˜Giant’ secrets from the past
Gross Pampau / DPA Amateur palaeontologist Wolfgang Hoepfner painstakingly removed all the dirt surrounding some fossilized bones, gradually revealing the skeleton of a 6-metre baleen whale, 11 million years after it had died in the North Sea. “For a palaeontologist like me, it was almost like winning the lottery,†he later explained with pride. Fossil hunting is a hobby ...
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