Foxtrot.News — Latest News in Economics, Business, Technology, Life, Culture, Politics and Sports

Hungary to Allow Banks to Offer Crypto-Related Services

Hungary plans to allow banks, investment funds and asset managers to provide private and corporate clients with services in the digital asset market, Bloomberglaw reports. Currently, the Hungarian government has begun to coordinate the relevant draft law. It will allow financial institutions not only to conduct transactions...

Europe Due to Powerful Storms Boosting Wind Energy

Energy prices in Europe have fallen due to a new Atlantic storm that has brought unseasonably warm weather and increased wind power generation. On the one hand, hurricane-force winds, particularly those caused by Storm Isha, have made travelling across Northern Europe much more difficult...

The Era of Expensive Oil is Over

Global oil prices have been on a decline for the third consecutive month. Despite OPEC+’s decision to cut production at the end of November, it proved insufficient to push prices upward. Even the most optimistic analysts doubt that oil will reach record levels and hit...

Food Prices Tamed

In the realm of “from the obvious to the incredible,” after three years of exorbitant food inflation, the trend might be shifting. However, certain products prices are still on the rise. The crux, though, lies in the fact that Ukrainian food, following a hot autumn,...

Bitcoin Surges, Signalling Interesting Developments

The cryptocurrency market, accustomed to being Cinderella since its formation 14 years ago, occasionally comes into focus, especially when intriguing events unfold in the global financial markets. Currently, we are witnessing a shift from excessively expensive money to moderately expensive ones. Bitcoin, which has reached $43,000,...

Sunset of the Asian Marvel

It appears that gloomy forecasts about the Chinese economy facing tough times are coming true. While just a few months ago there were hopes that China could overcome economic challenges without bloodshed, the scale of problems in a country that demonstrated an example of rapid, even...

Shopping Festival is Already Here

In Europe, Christmas markets and sales have kicked off and will continue until the first half of January 2024. As Christmas approaches, sellers eagerly rub their hands, hoping that in 2023, shoppers will be more willing to spend compared to the previous year when spending was...

When the SWIFT Failed

Per the sanctions imposed by the EU and its partners against Russia in 2022, many Russian banks were disconnected from the SWIFT system, including VTB, Otkrytie, Sovcombank, Promsvyazbank, Novikombank, Alfa-Bank, VEB, Rosselkhozbank, Novikombank, MKB, Rossiya, IS-Bank, BSTDB, Genbank, and Gazprombank. At the initial stage...

Eating in Vogue: 10 Food Market Trends in 2024

More functional foods, the rise of cocoa products and buckwheat popularity, along with persistent artificial meat producers—these are the food trends for the next year. They will complement the battles against droughts, food shortages in low-income countries, a return to “green” restrictions, and Russia’s attack...

Swedish Pit Stop on the Way to NATO

Sweden is accelerating its move towards NATO. On December 5, the Scandinavian country signed a bilateral Defence Cooperation Agreement with the United States. Washington welcomed the signing, stating that Stockholm would enhance the capabilities of the Euro-Atlantic alliance. This is a clear indication that Sweden expects...

Axis of Evil 2.0

The tendency to call various non-democratic aggressive regimes the Axis of Evil began long ago, but chiefly for journalistic purposes. The Axis of Evil included several regimes under sanctions, which supported terrorism and had the status of outcasts in the international arena. Some of...

Dependency Boundary

Russia’s border with China has been forming since the 17th century. In the 18th century, Emperor Peter the Great carried out a demonstrative and violent westernization of Muscovy. It did not lead to Muscovy-Russia being immediately perceived in the West as part of European...

Guardians of the Grain Corridor

Ukraine has been using a newly created maritime humanitarian corridor to resume grain exports from its Black Sea ports. The new corridor stretches out across the waters of Ukraine and of NATO states Romania, Bulgaria and Turkey, and it’s already been used by multiple merchant ships to dock...

German Machine Tool Manufacturer Spinner is on the Sanctions List for Cooperation with Russia

The Ukrainian National Anti-Corruption Bureau (NABU) has included 14 Russian machinery importers of the German producer, SPINNER, in the roster of potential international Ukrainian sanctions. This development was officially announced on the National Anti-Corruption Bureau’s website. According to the statement, this decision was made following the...

Lithuania to Fund Rental Housing for Ukrainians

The Lithuanian branch of the International Organization for Migration (IOM) will cover the rental housing costs for Ukrainian refugees. Payments will be one-time, covering the first and last months of rent. It is reported by Vakaru Expresas. Research has shown that 73% of Ukrainians have...

Europe on Fire

In early September, Russian UAVs violated Romanian airspace. Romanian President Klaus Iohannis emphasized that “the discovery by the Romanian authorities of new drone fragments on Romanian territory near the border with Ukraine… indicates an unacceptable violation of the airspace of Romania, a NATO member state, with...

How to End the War in Ukraine

After the NATO Summit 2023 in Vilnius it became apparent that NATO countries, their non-bloc allies and G7 partners have no common vision of how to end the war in Ukraine. Leaders of democratic states failed to reach agreement on a political solution: “to...

How Russia is Waging War Against Ukrainian Children

In 2022, 27,800 crimes against children during armed conflicts were recorded, representing the highest number ever confirmed by the UN. The main perpetrators were career military personnel of national armies. Russia has gone down in history as the country whose military is responsible for...

In Search of the Sixth Taste

Salty, sour, sweet, bitter, and umami (pleasant) – this is the current official list of the five basic tastes. For most ordinary civilized people, this spectrum of gourmet experiences is entirely satisfactory. If they were to crave another taste, it would perhaps only be...

Phone Сall Etiquette in Europe

In 1943, Hryhoriy Babot, an inventor born in Zhytomyr, Ukraine, and a graduate of the Kyiv Polytechnic University, proposed the idea of a mobile phone. Three decades later, on April 3, 1973, Martin Cooper, an American citizen born to immigrants from the Kyiv region of...

Five First Ladies Who Went Down In World History

The term “first lady” is known all over the world, but its origin is primarily associated with the United States. Martha Washington, the wife of the country’s first president, George Washington, set a precedent by actually serving as first lady. Although the term “first...

The End of the War on Drugs

The global drug trafficking continues to grow despite the efforts to combat it. According to the World Drug Report 2023, illicit drug markets continue to expand. The supply of cocaine is growing, social media is making it easier to sell, and synthetic drugs – cheap...

Save the Planet

The awareness of the problems posed by climate change to each of us is growing as fast as the peak temperatures outside our windows. According to a recent Eurobarometer poll, the vast majority of Europeans – 93% – consider climate change to be a serious global...

Top 5 Cities to Visit in Estonia

Estonia, one of the three Baltic countries that are NATO members, traditionally captivates tourists with its strategic location and distinctive culture. Every year, more visitors come to Estonia to relax on the Baltic Sea coast, which is also bordered by the Gulf of Finland...

A Guide to Modern Youth Subcultures

A culture of respect for diversity expands the space for self-expression. Moreover, today, by demonstrating your own style, beliefs, or lifestyle one can create a trend and build a community of followers. Social networks, especially TikTok, launched in 2020, have made it easier for...

Games to Play In 2023

40 years ago, computer entertainment fans first picked up a Nintendo Famicom console, and it changed the gaming industry. Reaching a wide audience, the Nintendo Famicom took over the global video game market in the 1980s and remains a significant player in the industry today. Despite...

The Survivors

Every day, thousands of people on the planet face accidents, insurmountable circumstances, and something that is commonly called “fate.” Life challenges people to the limit, and some of them manage to take on this challenge and survive against all odds. This is how heroes...

Mother Again at 53

Renowned 53-year-old model Naomi Campbell has become a mother for the second time. The small boy is a ‘true gift from God,’ she wrote in the caption of a photo of the child posted on her Instagram account. “My little love, know that you are...

Get Rid of Traffic Jams

As the number of cars is rapidly increasing all over the world, the desire to be stuck in traffic jams is decreasing. You’d like to take off and be in the office in a matter of minutes. Manufacturers of flying cars claim that in...

Top 5 Promising Startups of 2023

The world is on the verge of a recession. The 2023 macroeconomic environment is characterized by a slowdown, inflation, and rising interest rates that inevitably affect the world of startups and venture capital financing. Investors are re-evaluating their strategies, adjusting to the economic downturn,...

Web 3.0 Revolution: Pros, Cons and Pitfalls

On August 6, 1991, while employed at CERN, a huge particle physics laboratory in Switzerland, British computer scientist Tim Berners-Lee created the first ever website. Berners was so tired of searching for and combining information from thousands of scientists’ computers scattered around the world that he...

The Way AI Boosts Human Productivity

Everyone is excited about generative artificial intelligence. However, sometimes, the hype around the latest innovation remains just an empty sound when the technology fails to pass the test in practice and does not bring significant productivity or profit gains. This seems to be definitely...

Artists Who Create Modernity

Scientific research has shown that viewing art can have a profound effect on our neural connections. Our brains release dopamine, the “feel good” neurotransmitter, when we look at works of art that resonate with our emotions. That is why art – in addition to...

Darkness, Take My Hand: 7 Eastern European Films Noir Worth Seeing

Just as the debates over Neil Jordan’s “Marlowe” and Nicolas Winding Refn’s “Copenhagen Cowboy” are settling down, a new season of “True Detective” with Jodie Foster in the lead role is on the horizon. Regardless of what anyone says, noir in all its forms remains highly sought after in today’s...

Why Do They Replace Actors With Digital Fakes?

As digital technologies become more advanced, we increasingly find ourselves going to the cinema not to see the real faces of our favorite actors but rather their digitally altered counterparts. Sometimes it’s justified and well-executed, but not always. In the retro film “Vivre Sa...

The Best Cartoons For Family Viewing

The modern lifestyle leaves us little time for quality and meaningful offline communication. Moreover, even when we do manage to get together in the same space, we have to fight for each other’s attention with gadgets, social media, and streams of easy-to-consume entertainment content....

Discover the Heartwarming Tale of The Electrical Life of Louis Wain (2021) – A Delightful Blend of Artistry and Emotional Journey

Explore the heartwarming journey of 'The Electrical Life of Louis Wain' (2021), a captivating film portraying the life of a talented artist and cat lover. With Benedict Cumberbatch's brilliant performance, this delightful masterpiece offers an emotional and intelligent cinematic experience, enriched by its captivating...

Top 5 Famous People of Romania

Romania is an amazing country located in southeastern Europe. Here, you can enjoy sunny baths on the Black Sea coast, conquer mountain peaks, explore deep caves, and travel through the picturesque Danube Delta. Moreover, Romania will introduce you to its ancient history, fascinating traditions, and incredible...

6 Folk Horror Films with a Taste of Gun Grease

Film UA company has announced a lineup of Ukrainian folk horror films, starting with “The Witch of Konotop,” where the mythology of Gogol’s tales intertwines with present-day military realities. While the film is still in production for a 2024 release, we invite you to...

The Man Who Shook the World

A new film by the renowned director Christopher Nolan, titled “Oppenheimer,” has been released in Ukrainian cinemas. It is a biopic about the creator of the atomic bomb, Robert Oppenheimer (1904-1967), an American theoretical physicist. The project is exorbitantly expensive (officially budgeted at $100...

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