Diamond smuggling scandal spotlights shadowy Israeli tycoonA shadowy Israeli billionaire who made his fortune in the insular world of diamonds has suddenly found his empire in jeopardy after close associates were busted in a massive smuggling ring and an empl...
Digital newcomers out to disrupt South African bankingArmed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers when they launch next year...
Economic chill dulls Chinese appetite for some luxury brandsThe designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries. That is jolting brands such as Louis Vuitton and B...
Where are the drones? Amazon’s customers are still waitingJeff Bezos boldly predicted five years ago that drones would be carrying Amazon packages to people’s doorsteps by now. Amazon customers are still waiting. And it’s unclear when, if ever, this particul...
Amazon briefly edges out Apple for most valuable companyAmazon.com briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp. dethroned long-time leader Apple Inc. Amazon rose by 4.7 percent at one point...
Australia central bank hold rates as home prices fallAustralia's central bank kept interest rates at a record-low on Tuesday as a drop in house prices accelerated. Borrowing costs have stayed at 1.50 percent since they were last cut in August 2016, when...