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
According to a new report by McKinsey Africa, China's involvement in Africa is bigger and more multifaceted than previous studies suggest...
28 Jun 2017
NEW YORK, United States - McDonald's reported higher first-quarter earnings Tuesday on better performance in key regions, including the United States and China...
28 Apr 2017
In a first of its kind, Brics countries have come together to invest in a gold mining project in Siberia...
19 Oct 2016
SHANGHAI, CHINA: Chinese e-commerce company Alibaba, which completed the world's biggest stock offering last month, is tapping into the country's growing online travel business with an independent platform, know as Alitrip.
29 Oct 2014
SHANGHAI, CHINA: US software company Adobe will shut its research arm in Beijing by the end of the year, laying off 350 people, according to a statement, as foreign technology firms face a worsening business climate in China.
26 Sep 2014
SHANGHAI, CHINA: The head of the Chinese government agency investigating Microsoft for alleged monopoly actions said the probe includes the way the US technology company distributes its media player and browser.
26 Aug 2014
HONG KONG - Lenovo has posted a 23% jump in quarterly net profit, beating market estimates as the Chinese technology company logged strong sales of personal computers and smartphones.
15 Aug 2014
SHANGHAI, CHINA: Sony will sell its PlayStation consoles in China through two joint ventures, the Japanese gaming company and its Chinese partner, as they seek to tap into the estimated 500m people who play video games in China.
27 May 2014
SHANGHAI, CHINA: When condom maker Durex wants to send an intimate message to customers in China, it uses a homegrown instant messaging platform called WeChat, which has taken the country by storm in just three years.
13 Mar 2014
BEIJING, CHINA: Chinese shoppers spent a record 35bn yuan (US$5.7bn) at the country's biggest online marketplaces on Singles Day, their operator said on Tuesday (12 November), after the festival created by e-retailers to persuade the loveless to console themselves with some retail therapy.
13 Nov 2013
After 23 years in SA's R6bn fruit industry, many of them as managing director of Tru-Cape Fruit Marketing - SA's biggest producer of apples and pears - Charles Hughes is retiring without having fulfilled his ambition of gaining access to China's vast market. He blames it on the SA government.
16 Sep 2013
HONG KONG, CHINA: Fashion retailer Esprit said on Tuesday, 10 September, that it suffered a net loss of HK$4.39bn (US$566m) in the year to June as it struggled to turn its brand around amid stiff competition.
10 Sep 2013
PARIS, FRANCE: French retailer Auchan last week reported an almost 34% rise in first-half net profits, mainly flattered by one-off gains and continued growth in Asia and central and eastern Europe.
2 Sep 2013