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The Parmigiano vault: How Italy’s ‘cheese banks’ power a 4 billion euro industry

What are the most valuable assets for a country — gold, silver, currency? In Emilia-Romagna, northern Italy, the answer looks far less conventional. Here, vast climate-controlled warehouses store one of the region’s most unusual forms of wealth: hundreds of thousands of wheels of Parmigiano Reggiano cheese, slowly ageing and quietly getting more valuable over timeTo...

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Oil’s well: Venezuela’s crude exports hit highest since 2018 — India, US and other buyers line up

Venezuela’s oil is flowing across the world again, and at its fastest pace in more than seven years. In April, the country’s crude exports jumped 14% to 1.23 million barrels per day, powered by stronger demand from the United States, India and Europe, according to shipping data and internal documents from state-run PDVSA.The sharp rise...

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Tech layoffs cross 92,000 in April: Meta, Amazon, Oracle and others cut jobs in 2026

<img src="https://static.toiimg.com/thumb/msid-130711552,imgsize-357778,width-400,height-225,resizemode-4/representative-image-ai-generated.jpg" alt="Tech Layoffs cross 92,000 in April, making 2026 the worst year for tech employees ever: Meta, Amazon, Oracle and other companies that announced biggest job cuts 2026" title=" Representative image (AI generated) ” decoding=”async” fetchpriority=”high”> Representative image (AI generated) It’s only May, and the tech industry has already handed pink slips to more...

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