The UN recognises 180 currencies worldwide as legal tender, all of them issued by nation states. It does not recognise cryptocurrencies like Bitcoin in this way, even if communities of enthusiasts have been treating them as a means of exchange for over a decade now...
Gavin Brown 27 Jun 2019
STOCKHOLM, SWEDEN: Three Japanese-born researchers won the Nobel Prize for Physics for inventing the LED lamp, a boon in fighting global warming and aiding people in poverty.
8 Oct 2014
STOCKHOLM, SWEDEN: Volkswagen, Europe's biggest car manufacturer, was set to take full control of Swedish truck manufacturer Scania after a small but crucial shareholder agreed to sell its shares.
15 May 2014
STOCKHOLM, SWEDEN - Swedish truck maker Volvo is cutting 2,400 jobs in addition to 2,000 cuts the group announced in October, in a move aimed at boosting falling profitability.
8 Feb 2014
STOCKHOLM, SWEDEN: Swedish ball bearing manufacturer SKF announced a decrease of its net profit in the third quarter, amid lower-than-expected sales in its industrial business.
16 Oct 2013
STOCKHOLM, SWEDEN: Troubled telecommunications equipment manufacturer Ericsson said it was confident about prospects this year as more operators boost network capacity to meet growing demand for video streaming services such as YouTube.
5 Feb 2013
PARIS, FRANCE: Renault has sold its stake in Swedish truck manufacturer Volvo AB for €1.5bn to cut debt and make strategic investments.
14 Dec 2012
LAUSANNE, SWITZERLAND: IMD, a top-ranked global business school based in Switzerland, has announced the findings of its annual World Competitiveness Yearbook (WCY). The WCY rankings measure how well countries manage their economic and human resources to increase their prosperity.
1 Jun 2012