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
In a first of its kind, Brics countries have come together to invest in a gold mining project in Siberia...
19 Oct 2016
MOSCOW, RUSSIA: Russia's leading car manufacturer, Avtovaz reversed into a net loss last year because of a sales slump on the Russian market, the company reported last week.
31 Mar 2014
SAINT PETERSBURG, RUSSIA: President Jacob Zuma and the South African delegation at the G20 summit have concluded their trip to Russia where investment and job creation topped the list of priorities in the joint discussions.
Chris Bathembu 9 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
Growing affluence in emerging markets is good news for manufacturers of gas-guzzling vehicles.
11 Mar 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
MOSCOW, RUSSIA: Doing Business in Russia 2012 is the second report in a series analysing four areas of business regulation across 30 Russian cities - starting a business, dealing with construction permits, getting electricity, and registering property.
22 Jun 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
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