Tag: silk road

Greek Olive Oil Faces New Rival as China Rises in Global Market

China’s olive oil industry is booming, posing a challenge to Greece’s cherished “liquid gold.” With a market surpassing 8 billion RMB and growing at 8-10% annually, Chinese brands like Luhua and Doriti are gaining traction. From 2018 to 2023, China’s olive cultivation area expanded by 69%, particularly in provinces like Gansu and Sichuan. Meanwhile, Greek olive oil exports to China have dropped sharply, from €1.33 million in 2000 to €795,000 in 2024. As China’s production rises, will Greek tables soon feature Chinese olive oil?

Trump Grants Full and Unconditional Pardon to Ross Ulbricht

Former President Donald Trump, 78, granted a full and unconditional pardon to Ross Ulbricht, the operator of the infamous Silk Road dark web marketplace. Ulbricht, who was sentenced in 2015 to two life terms plus 40 years for nonviolent offenses, had unsuccessfully appealed his case up to the Supreme Court. This controversial decision follows years of debate over harsh sentencing for digital-age crimes and calls for clemency from figures like Sen. Rand Paul.

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