Business


Huawei founder says US cannot ‘crush’ telecoms giant

Huawei founder says US cannot ‘crush’ telecoms giant In interview with BBC, Ren Zhengfei describes arrest of his daughter and Huawei executive as ‘politically motivated’. The founder of Chinese telecommunications equipment giant Huawei has said the United Statescannot defeat his company’s global ambitions. “There is no way the US can crush […]

Ren Zhengfei

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South Africa’s economy in recession

SHAREDSouth Africa’s economy in recession Vumani Mkhize BBC Africa Business South Africa’s economy is in recession for the first time since 2009 following two consecutive quarters of negative GDP growth. So it seems that Ramaphoria – the positive wave brought by President Cyril Ramaphosa’s ascension to power in February – […]


Singapore firm to mint Islamic cryptocurrency backed by gold

Singapore-based fintech company HelloGold has received certification for its gold-backed virtual currency that entirely complies with Sharia law. The company has been granted permission to operate its cryptocurrency product GOLDX by Malaysia-based Islamic finance consultancy Amanie Advisors. The new digital currency was introduced by HelloGold at the end of 2017. […]