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GLOBAL

Facebook's Libra has staggering potential - state control of money could end

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...

By Gavin Brown 27 Jun 2019

HONG KONG S.A.R.

'World's first' Bitcoin shop opens in Hong Kong

HONG KONG: A shop selling the virtual Bitcoin currency opened in Hong Kong amid fresh concerns grew in Asia over the currency's viability and security.

4 Mar 2014

HONG KONG S.A.R.

Google buys 5.94% stake in Lenovo

HONG KONG: Google bought a 5.94% stake in Lenovo for US$750m having sold Motorola to the Chinese technology company.

10 Feb 2014

HONG KONG S.A.R.

Malt whisky sells for record-breaking US$628,000

HONG KONG: A bottle of malt whisky has gone under the hammer in Hong Kong for the record-breaking sum of HK$4.9m (US$628,205), an auction house says.

21 Jan 2014

SWITZERLAND

IMD announces its 2012 World Competitiveness Rankings

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