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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

SOUTH KOREA

Samsung's profits plunge to three-year low

SEOUL, SOUTH KOREA: Samsung reported its smallest quarterly profit in nearly three years as its key smartphone business faltered under competition from Apple's iPhone 6 and Chinese handset manufacturers in an increasingly saturated market.

31 Oct 2014

SOUTH KOREA

Samsung buys US firm SmartThings

SEOUL, SOUTH KOREA: Samsung is buying a US home automation start-up SmartThings, as the South Korean electronics company seeks to expand beyond the increasingly saturated smartphone market.

18 Aug 2014

SOUTH KOREA

Apple, Samsung call of war in rest of the world

SEOUL, SOUTH KOREA: Arch-rivals Samsung and Apple have decided to drop a series of bitter patent disputes pending in multiple courts outside the United States, the South Korean electronics company says.

7 Aug 2014

SOUTH KOREA

SK Telecom's profit jumps 44%

SEOUL, SOUTH KOREA: SK Telecom, South Korea's biggest wireless operator, said its net profit for 2013 jumped 44.3% on increased value of its stock investment and expansion of lucrative 4G services.

29 Jan 2014

SOUTH KOREA

Samsung profits up 49,7% for June quarter

SEOUL, SOUTH KOREA: Samsung Electronics, described as the world's largest technology firm by revenue, last week posted another record quarterly net profit, but weakening earnings momentum has fuelled fears over sagging demand for high-end smartphones.

29 Jul 2013

SOUTH KOREA

Hyundai to build Total's oil platform

SEOUL, SOUTH KOREA: Hyundai Heavy Industries, the world's largest shipbuilder, said on Tuesday (26 March) it had won a US$2bn tender to build two offshore platforms for French energy giant Total.

27 Mar 2013

SOUTH AFRICA

Asia-Pacific region drives Aspen's revenue growth

SA's biggest drug manufacturer Aspen Pharmacare expects its Asia-Pacific business to generate the biggest share of the company's revenue by the end of the year‚ its chief executive Stephen Saad said at the release of its interim results for the six months to December.

By Tamar Kahn 8 Mar 2013

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

GERMANY

Mood of the World report shows most of world focuses on inflation

NUREMBURG, GERMANY: British consumers are facing the double whammy of still feeling the effects of recession even as rising costs fuel inflationary worries. They are not alone in the world, though, according to GfK Roper Consulting's 2011 Mood of the World Report, which is based on a global survey of more than 32 000 consumers ages 15 and older in 25 countries.

25 Aug 2011