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Economy
5 stories published · updated Oct 5 · 4:44 AM
EconomyVenice's 1171 Debt Crisis Sparked Modern Bond Market Foundations
In 1171, Byzantine Emperor Manuel I Komnenos arrested thousands of Venetian merchants and seized their assets. To fund a retaliatory fleet, Venice imposed a forced loan on citizens with tradable receipts paying 5% interest. The military campaign failed, the doge was killed by a mob, but the financial innovation endured, creating
EconomyG7 to release 100m barrels of oil reserves amid price surge
EconomySpain announces ban on evictions after 87-year-old's protest
EconomyRising Fuel Prices Cost Tow‑Truck Business £10k
Economy