DR-Congo and Two Miners in Legal Tussle as As Global Price of Cobalt Rises 86%

    DR-Congo and Two Miners in Legal Tussle as As Global Price of Cobalt Rises 86% KINSHASA – An attempt by Congo’s Gecamines to profit from the boom in battery metals has backfired, leaving the state-owned miner facing two international court actions and halting cobalt production at a key mine. Gecamines blocked its 16-year partner GTL’s access to the cobalt site in the southeastern…

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Central Bank Chiefs On Edge, Poised to Embrace Bitcoin As It Rockets Through $10,000

  Central Bank Chiefs On Edge, Poised to Embrace Bitcoin As It Rockets Through $10,000 While central banks remain on edge wondering whether Bitcoin and other cryptocurrencies are a bubble or breakthrough, Bitcoin’s vertiginous ascent is no signs of abating. On Monday, November 27, 2017, the king of cryptocurrencies soared to another record high just…

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Why Nigerians Distrust Online “Black Friday” Deals, But Flock to the Stores

  Why Nigerians Distrust Online “Black Friday” Deals, But Flock to the Stores   While being one of the numerous skeptics about Black Friday in Nigeria, new mom, Victoria Feyikemi, kept refreshing the pages of leading e-commerce sites, Jumia and Konga, in search of the best offers for baby monitors. Eventually she gave up when…

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The Crocodile and an Economic Wasteland: What Mnangagwa Must Do to Revive Zimbabwe

    The Crocodile and an Economic Wasteland: What Mnangagwa Must Do to Revive Zimbabwe Emmerson Mnangagwa NAIROBI – When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be…

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Alibaba’s Dominance of China’s (and Global) e-Commerce Market

  Alibaba’s Dominance of China’s (and Global) e-Commerce Market Billionaire investor and Trump gadfly Mark Cuban tweeted at the U. S. President Donald Trump Wednesday, 22 November 2017, asking if he knew how big of an impact a single Chinese company has had on the U.S. stock market. Cuban asked Trump if he realized that…

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If You Tax The Rich, They Won’t Leave: US Data Contradicts Millionaires’ Threats

  If You Tax The Rich, They Won’t Leave: US Data Contradicts Millionaires’ Threats Does raising taxes on the rich really trigger their migration to more obliging states or countries? This study of every million-dollar earner in the US shows otherwise   Cristobal Young Monday, 20 November 2017  In the classic Ayn Rand novel Atlas Shrugged,…

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Fintech Disrupters Are Thriving in Nigeria; Ready for the Next Level

  Fintech Disrupters Are Thriving in Nigeria; Ready for the Next Level   Background: FinTech 1.0, from 1866 to 1987, was the first period of financial globalization supported by technological infrastructure, primarily transatlantic transmission cables. Then the second wave from 1987–2008, Fintech 2.0, during which financial services firms increasingly scaled to paperless processes. Since 2008, a…

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Where Are We on China Union Pay’s Anticipated Challenge to Visa and Mastercard?

  Where Are We on China Union Pay’s Anticipated Challenge to Visa and MasterCard? As the Chinese government welcomes leaders from around the world for its Belt and Road Forum in Beijing, analysts will ask: is the One Belt One Road (OBOR) initiative a plan to overthrow the existing global order, by pulling Asian countries into…

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