Alibaba’s Jack Ma Tells U.S. Companies to Stop Whining About China Magnate tells firms to ‘follow the rules’ and plan for the long term By Liza Lin Dec. 5, 2017 7:18 a.m. ET WUZHEN, China—Amid rumblings of a U.S.-China trade conflict, Alibaba Group Holding Ltd. founder Jack Ma defended China against complaints that…
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Bitcoin Is Now Bigger Than Warren Buffett, Boeing and New Zealand Bitcoin’s extraordinary price surge means its market capitalization now exceeds the annual output of whole economies, and the estimated worth of some of the world’s top billionaires, just as hedge funds prepare to trade new Bitcoin futures that are expected to draw…
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De Beers Invests in Blockchain Technology to Advance Diamond Traceability Diamond giant De Beers is investing in a new digital platform service that provides a single, immutable record tracing a diamond’s individual journey through the value chain. This diamond traceability platform is underpinned by blockchain technology, which allows for a highly secure digital register that creates a tamper-proof and permanent…
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Anglo-American CEO Threatens South Africa With Another 100,000 Mining Jobs Loss In a veiled threat to the South African government, Anglo American CEO Mark Cutifani has predicted the South African mining industry would lose another 100 000 jobs, unless the government “changed.” Mr. Cutifani’s supporters are quick to remind that six years ago (2010), the outspoken Australian had predicted…
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Sierra Leone’s “Peace Diamond” Sells for $6.5m in New York Sierra Leone’s giant 709-carat diamond has sold at auction in New York for $6.5m ($4.8m; €5.5m), Monday, December 4th, 2017. Laurence Graff, chairman of Graff Diamonds, won the precious stone – nicknamed the “peace diamond” – in bidding on Monday. Half of the…
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World Bank Supports Sierra Leone’s Mining Sector With $20 Million Grant November 29, 2017 Publisher and Chief Executive Officer KABS KANU ACTION NEWS,COMMENTARY 0 Sierra Leone will receive a US$20 million International Development Association (IDA) Grant for the second phase of the Extractive Industries Technical Assistance Project (EITAP 2) to help strengthen governance, increase geological knowledge,…
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A Visual Journey of Bitcoin to the $10,000 Landmark JEFF DESJARDINS on November 27, 2017 at 1:15 pm Visualizing the Journey to $10,000 Bitcoin View the high resolution version of today’s graphic by clicking here. It has been a breakthrough year for the world’s original cryptocurrency – and on November 28th, 2017, the bitcoin…
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What Americans Think About Trump’s Foreign Policy The Middle East and Russia: American Attitudes on Trump’s Foreign Policy As the first year of President Donald Trump’s administration winds down, his pledged commitments to reach the “ultimate deal,” a comprehensive peace agreement between Israel and the Palestinian Territories, remain unfulfilled. With increasing instability in the Middle East…
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Resource Nationalism Encore: Zambia Wants Bigger Stake in Copper Mines Following the sharp rise in copper prices this year Zambia‘s State-controlled firm ZCCM Investments Holdings wants to increase its stakes in the country’s mines and also expects higher dividend payments, its chief executive said on Wednesday. ZCCM-IH, which was formerly called Zambia Consolidated Copper Mines Investment Holdings, has assets of about…
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Supply Cut Extended as OPEC Wrestles U.S. Shale Oil Producers To a Detente U.S. shale oil producers and OPEC appear to have called a truce of sorts even though there is no sign the U.S. industry will do anything to help reduce the global oil supply glut. U.S. producers applauded Thursday’s (November 30,…
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