![For many Turkish crypto investors, stronger regulatory oversight of crypto markets in the country came too late, leaving many at a loss as to where they can safely shield their savings [File: Murad Sezer/Reuters]](/wp-content/uploads/2021/05/Crypto-Turkey.jpg?resize=570%2C380)
Crypto mania swept Turkey as investors sought to shield their savings against inflation. Then two exchanges collapsed.
Financial Markets
![Dogecoin, created as a joke in 2013, has been used in marketing gimmicks, such as the Oakland A’s baseball team, which offered two seats to games this week for 100 Dogecoin [File: Getty Images]](/wp-content/uploads/2021/05/371485085.jpg?resize=570%2C380)
Rallies defied easy explanation and continued a trend that’s seen value of all digital tokens surge past $2.25 trillion.
![Options traders are anticipating even higher prices, and calls to buy European Union emission permits at 60 euros per tonne now have the highest open interest on the ICE Futures Europe exchange [File: Bartek Sadowski/Bloomberg]](/wp-content/uploads/2021/05/371476626.jpg?resize=570%2C380)
Futures in Europe’s carbon market, the world’s largest, exceeded 50 euros per metric tonne for the first time Tuesday.
![The EU can expedite big cross-border projects by simplifying rules [File: Alex Kraus/Bloomberg]](/wp-content/uploads/2021/05/371470159.jpg?resize=570%2C380)
EU plans to boost cross-border initiatives in areas such as hydrogen, sustainable transport, 5G corridors, blockchain.
![The deal is expected to create more than 6,500 jobs in Britain [File: Suzanne Plunkett/Reuters]](/wp-content/uploads/2021/05/2015-11-13T120000Z_926966334_LR1EBBD1DAJ21_RTRMADP_3_BRITAIN-INDIA.jpg?resize=270%2C180)
The deal includes investments by Indian vaccine make Serum Institute and is a step towards a full free-trade pact.
![The pandemic continues to weigh on consumer spending and tourism in Hong Kong [File: Paul Yeung/Bloomberg]](/wp-content/uploads/2021/05/371468089.jpg?resize=270%2C180)
After falling for a record six quarters, economic growth surged on rising exports even as consumption remained weak.
![The question of who would succeed Berkshire chief Warren Buffett (left) gained more clairty on Monday after he said that Greg Abel (right) would be his likely successor [File: Bloomberg]](/wp-content/uploads/2021/05/371452220.jpg?resize=270%2C180)
Buffett, 90, told CNBC that 58-year-old Greg Abel would likely take over from him as Berkshire chief.
![Robinhood's business model came under fire and drew congressional and regulatory scrutiny in the wake of a trading frenzy earlier this year surrounding GameStop and other meme stocks [File: Gabby Jones/Bloomberg]](/wp-content/uploads/2021/05/366852488.jpg?resize=270%2C180)
Berkshire Hathaway chief said Robinhood ‘maybe set out to attract’ retail traders gambling on short-term price swings.
![Bitcoin is still the world's biggest cryptocurrency but its next biggest rival, Ether, is drawing more interest [File: Luke MacGregor/Bloomberg]](/wp-content/uploads/2021/04/ether.jpg?resize=270%2C180)
Ether’s move above $3,000 suggests there is room for more than just Bitcoin in the evolving sector of cryptocurrencies.
![The Port of Darwin, sold to China in 2015 in a long-term lease and now under review by Defence Minister Peter Dutton, is a base for US marines [File: Mark Graham]](/wp-content/uploads/2021/05/371444051.jpg?resize=270%2C180)
Australia defence minister tells local newspaper that the government would consider national interests in its review.
![So far this year, lockdowns in India have been localised [File: Anindito Mukherjee/Bloomberg]](/wp-content/uploads/2021/05/371407969.jpg?resize=270%2C180)
Billionaire Uday Kotak says ‘maximal response’ is needed to cut the transmission links as cases and death toll rise.
![With the S&P 500 rallying more than 10 percent in the first four months of 2021, the adage of 'sell in May and go away' may be on many investors’ minds [File: Akio Kon/Bloomberg]](/wp-content/uploads/2021/04/stocks.jpg?resize=270%2C180)
The S&P 500 trimmed its biggest monthly advance since November, with energy and tech shares leading losses on Friday.
![The United States economy grew 6.4 percent in the first quarter of 2021 on an annual basis, as consumers came out of hibernation with a ton of stimulus money to spend [File: Adrees Latif/Reuters]](/wp-content/uploads/2021/04/gucci.jpg?resize=270%2C180)
THE WEEK IN NUMBERS
UBI in Brazil, Biden’s latest tax hike, and China’s space station
We gather the numbers to know from the week’s biggest economic and business news stories.
![Amazon has been among the biggest beneficiaries of the coronavirus pandemic, as crowd-averse shoppers rushed online [File: David Paul Morris/Bloomberg]](/wp-content/uploads/2021/04/amazon-1.jpg?resize=270%2C180)
First-quarter revenue jumped 44 percent to $108.5bn, exceeding analysts’ estimates.