With the aim to allow the industry to better compete in a market that’s dominated by Indian manufacturers, Russia wants its biggest diamond miner to work more closely with the country’s top gem cutters. According to Deputy Finance Minister Alexey Moiseev. the government wants Alrosa PSJC to offer more favorable terms to cutters including Kristall Production Corp.,…
Following a racially divisive social-media campaign in South Africa, Bell Pottinger LLP has put itself up for sale after being expelled from the U.K.’s public-relations industry body and losing clients. Financial adviser BDO has been hired “to look at all options regarding the future of the business,” by the London-based PR firm, founded by Margaret…
Revamping a stalled effort to showcase its mobile software for users in emerging markets, Google is teaming with China’s Xiaomi Corp. to resurrect its Android One smartphone program for India. The first under the Android One banner, the Xiaomi’s Mi A1 dual-camera device goes on sale Tuesday for 14,999 rupees ($234). Noting a persistent weakness when compared…
Issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales, China’s central bank has asked issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales and declared that initial coin offerings are illegal. Following this, bitcoin tumbled the most since July. It will strictly punish…
Application for a U.S. initial public offering was filed by Roku Inc., the maker of devices and software for streaming video that was an early challenger to traditional home-entertainment providers. Noting that the proposed value of the offering is a placeholder used to calculate fees and will probably change, the company listed an initial offering…
For its 90 million motorbike and scooter riders, Vietnam wants to design and make cars. aiming to roll out the first car in 24 months, plans to invest up to $3.5 billion to set up a manufacturing and research and development complex, were announced by the country’s largest real-estate company Vingroup JSC. Vingroup Vice Chairwoman Le…
South Korean companies face the brunt of China’s fury as the South Korean government deploys U.S. THAAD missiles to protect itself against a nuclear armed North Korea. Here’s how Beijing is protecting its North Korean ally. On Monday, South Korean automaker Hyundai Motor disclosed it would be replacing the head of its China operations. The…
Potentially paving the way for augmented reality, gaming and 3-D printing applications, Sony launched two new smartphones on Thursday that can capture 3-D. The Japanese electronics giant’s latest devices launched into the increasingly competitive market are the 5.2-inch Xperia XZ1 and 4.6-inch XZ1 compact. Apple’s latest iPhone models are expected to come soon and these…
There were tensions as the European Union’s negotiator mocked Prime Minister Theresa May even as Brexit talks ended in stalemate, with both sides deadlocked over the divorce bill. Britain wants a deal that’s impossible to achieve and is refusing to acknowledge its financial obligations, Michel Barnier said. The “sufficient progress” needed to move on to…
A project that is claimed to be the “first on-street charging pilot of its size in the world”, a program to install around 100 electric vehicle charging stations in Oxford is underway. With the plan to roll out the charging stations on residential streets in order to “help people go electric”, Oxford City Council said…
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