Former Chinese vice finance minister Jin Liqun was appointed as the first president of the Asian Infrastructure Investment Bank (AIIB) on Monday.
After getting initial success in emerging markets such as Brazil and India, Xiaomi is setting its sights next on the African market by making product launches as early as September, according to China Business News.
Tim Cook, Apple Inc.'s chief executive, surprised the public with an unusual move of reassuring stockholders on Monday in statements to CNBC about the iPhone manufacturer's trade in China ahead of a striking 13-percent drop and rebound in its stock price that placed it in a positive stance.
The recent and continued collapse of the Chinese economy has weakened the already struggling market for oil. The current economic problem faced by the world’s second-biggest economy has affected the oil market, either directly or indirectly.
Apple CEO Tim Cook recently made a comment reassuring all its shareholders about the company’s mainly positive business status in China. Following Cook’s comment, Apple stocks saw a dramatic rebound following the 13 percent drop amounting to about $75 billion in losses.
The recent rise of drone usage have prompted many concerned organizations about the possible hazards these unmanned aerial vehicles pose to the sky. Reports about irresponsible drone users kept on stacking with some claiming that they fly close to airplanes and helicopters with the possibility of inducing mid-air collision.
With the discovery of soil that is conducive for making wine, planting grapes in the Helan mountain region in Yinchuan has become a popular new business in northwestern China's Ningxia Hui Autonomous Region, Shanghai-based China Business News reported.
Chinese billionaires continue to grow in number as their assets spread out mainly from the success of both their local and international businesses, according to Yicai, the Web portal of Shanghai's China Business News.
BT Group, a British multinational telecommunications company, recently appealed to the United States government to issue a mandate to its native networks to open up their network access at regulated prices, similar to the rules imposed in the United Kingdom.
Recent reports claim that North Sea oil revenues have plummeted in the first quarter of 2015. A recorded 75 percent quarter-on-quarter revenue downfall was reported by Scottish Conservatives.
The Chinese stock market continues to struggle after a recent eight percent fall which wiped out all of its 2015 gains. Chinese stocks started to plummet in less than an hour after trade opens on Aug. 24.
A lot of high-end fashion labels are still thinking twice on whether to adopt e-commerce or not, despite the fact that shoppers all over the world are showing eagerness in purchasing items online, Shanghai's China Business News reported.
Many wealthy Chinese from the mainland are reportedly buying assets abroad in an effort to dodge the impending implementation of inheritance tax, the Want China Times reported.
Samsung is offering Apple iPhone users the opportunity to try out one of its flagship smartphone models for $1 in an attempt to regain dominance of the big screen market. The electronics giant has named the promotion a “test drive” of handsets such as the double-curved touchscreen Galaxy S6 Edge, with a 30-day trial including full cellular service.
Japanese carmaker Toyota Motor Corp is reportedly buying 13 million of air-bag inflators from century-old Tokyo-based smaller parts maker Nippon Kayaku Co, a rival of Takata Corp. This was said to be Toyota’s move to reduce its risk from potentially lethal Takata air-bag inflators.
