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Cryptocurrency: What you should know before you buy (Economy)

By Eden Gillespie https://www.sbs.com.au/news/the-feed/cryptocurrency-what-you-should-know-before-you-buy #B2+ #IELTS #Reading #SBS_AU #Business #Finance #Economy 1. Cryptocurrency /ˈkrɪptəʊˌkʌrənsɪ/ (n) a peer-to-peer digital currency that is validated by cryptography; a decentralized digital medium of exhchange which is created, regulated, and exchanged using cryptography and (usuall) open source software As Bitcoin breaches the $1000 mark for the first time, two experts on the crypto-currency clash over whether bust must follow boom. 2. Baby boomer (AE boomer) (n) a person born during a baby boom, especially after the Second World War One big unknown is whether fund managers and their baby boomer clients will panic if the market continues to drop. [Baby boom (n) a period when many more babies are born than usual There wa a baby boom in the UK and the US after the Second World War. The study defined parents aged 30 to 50 as being members of the baby boom generat...

US Jobless Rate Rises While Job Growth Slows (Business)

By VOA News https://www.voanews.com/usa/us-jobless-rate-rises-while-job-growth-slows #C2+ #IELTS #Reading #VOA #Business 1. Nonfarm (adj) relating to economic activities not associated with farming 2. Payroll (n) (A) a list of people employed by a company showing the amount of money to be paid to each of them We have 500 people on the payroll. Manufacturing payrolls have dropped by 16,000. (B) (usually singular) the total amount paid in wages by a company The firm is growing fast with a montly payroll of $1 million. They have an annual payroll of #23 million. 3. Modest (adj) not very large, expensive, important, etc. modest improvement/reforms He charged a relatively modest fee. a modest little house The research was carried out on a modest scale. The party made modest gains in teh elections, but nothing like the huge gains that were predicted. a modest increase in costs She had saved a modest amount of money. 4. Revise (v) to change sth because of new information or ideas The college ...

'It's a tragedy.' French winemakers face devastation after worst weather in 30 years (Business)

By Hanna Ziady, CNN Business https://edition.cnn.com/2021/04/14/business/france-wine-production-losses/index.html #C1+ #IELTS #Reading #CNN #Business 1. Frost (n) a weather condition in which the temperature drops below 0°C (=freezing point) so that a thin white layer of ice forms on the ground and other surfaces, especially at night I will be a clear night with some ground frost. a sharp/hard/severe/heavy frost There were ten degrees of frost (= the temperature dropped to -10°C last night) the risk of frost damage to crops Even in May we can sometimes get a late frost. 2. Vineyard /ˈvɪnjəd/ (n) a piece of land where grapes are grown in order to produce wine; a business that produces wine from the grapes it grows in a vineyard Dutch settlers planted the first vineyard when they arrived in 1652. What I have in mind is to offer him a tenancy of the vineyard. Compare Winery 3. Heap (v) if you heap praise, blame, criticism, etc. on sb, you give them a great deal of praise, blame, criticism...