Economy

The crypto market  

Bitcoin vs best month since October 2021 

 

Bitcoin rises for the fifth day in a row and is headed for its biggest monthly gain since October 2021. Bloomberg reports. 

  

The cryptocurrency rose as much as 5 percent to $59,494 shortly after 10 a.m. Wednesday. Interest has increased from both small savers and institutional investors, says Vaneck Associates expert Matthew Sigel, emphasizing that history indicates that further upswings await. 

 

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The Kellogg summit's statement is likened to Marie Antoinette's  

 

Kellogg's CEO Gary Pilnick has come under fire after last week he urged families struggling with rising food costs to eat cereal for dinner. According to the Washington Post, Pilnick's statement is likened to French Queen Marie Antoinette's infamous "let them eat cake" she is said to have said to starving crowds.  

 

During an interview with CNBC last week, the CEO said the company is running an advertising campaign that encourages families to "give the chicken a night off" and eat frosties and other cereals for dinner instead.  

 

The presenter Carl Quintanilla asked directly in the broadcast if such a campaign does not "land wrong", something that Pilnick does not agree with.  

 

- The fact is that it's landing very well right now, Carl.  

 

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The crisis in Viaplay  

Viaplay's internal message: "It's dead or killed"  

 

Despite the new financing of SEK 4 billion, there still seems to be an atmosphere of crisis at Viaplay. It shows internal messages that DI Digital has taken notice of.  

 

The company's CEO in Denmark and Iceland, Lars Bo Jeppesen, likens the situation to the movie "The Hunger Games". 

 

“Katniss Everdeen and Peeta Mallark must fight for their lives against representatives from the 11 other districts of Panem. It's 'kill or be killed', we're in exactly the same situation," he writes in a message to the sales department, adding that competition in the industry is fierce.  

 

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Researchers: Ruffle and bow behind the "blue zones" 

 

So-called "blue zones", places on earth where people live longer, have higher levels of poverty and more crime. This is shown by a study by Oxford researcher Saul Newman, who questions the blue zones and states that they may be widespread fraud, writes The Telegraph. 

 

In some of the places, it may be about benefit fraud, stolen identities and illegal ways to cheat pensions. In some cases, it can also be about genuine confusion about when people are actually born, the newspaper writes.  

 

An example is when the mummified body of "Japan's oldest man" was found in 2010. There, the family had collected the man's pension for 32 years. 

 

Even in the aftermath of the Greek crisis, thousands of frauds were discovered to lift pensions for deceased persons.  

 

- As soon as the pension system is reviewed, the number of centenarians collapses, says Newman to the newspaper.

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