Finance

Huawei Technologies topped mainland China’s smartphone market in the second quarter – the first time in four years – “underscoring its strong brand appeal and effective shipment management”, according to International Data Corporation (IDC). However, China’s smartphone sales shrank 4 […]

Russia, the world’s second-largest gold producer, is to free itself from the current dependence of gold prices on the London Stock Exchange (LSE), and plans to launch gold trading on the St. Petersburg Exchange (SPIMEX) by the end of the year. One of the […]

India appears to be on the verge of a significant industrial transformation, with rare earth elements (REEs) and other critical minerals taking centre stage. The nation’s strategic push towards self-reliance, spurred by geopolitical tensions and China’s near-monopoly on rare earths, […]

China’s biggest gold producer, Zijin Mining Group Co., made a giant leap to increase its global footprint with the acquisition of Kazakhstan’s Raygorodok gold mine. This $1.2 billion transaction is the firm’s first entry into Kazakhstan and its eighth major […]

The BRICS group of developing nations is set to announce a new guarantee fund backed by the New Development Bank (NDB) to lower financing costs and boost investment, said by two people familiar with the matter The initiative, modeled on […]

The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the company’s ambition of becoming one of the world’s top three gold producers by 2028. Raygorodok is reportedly among the largest and most technologically advanced […]

Market research and tech consulting firm Yole Group predicts that China will have 30% of the world’s global foundry production capacity, making it the largest hub of semiconductor production. At the moment, Taiwan holds the highest output capacity at 23%, […]

Africa’s richest man, Aliko Dangote, has urged Africans to adopt bold thinking and a long-term mindset, asserting that the continent could be transformed into a “heaven” within just five years. He made the remarks on Friday while speaking at the […]

JPMorgan Chase is taking a step further into the cryptocurrency space with its own stablecoin-like token, called JPMD. The U.S. banking giant told CNBC on Tuesday that it’s planning to launch a so-called deposit token on Coinbase’s public blockchain Base, which is built on top of […]

A new cryptocurrency token designed to allow cross-border payments to avoid western financial sanctions on Russia has moved some US$9.3billion on a dedicated crypto exchange in just four months since it was launched. Described as the first stablecoin pegged to […]