Business

China and South Africa Sign 26 Deals During President Xi's Visit, Including Agreement for $500 Million Car Manufacturing Plant

CJ Lasan   | Dec 04, 2015 07:31 AM EST

South Africa and China inked about 26 deals on Wednesday during the second state visit of Chinese President Xi Jinping to the African country. The deals emphasized the progress between the two countries in terms of business. read more

UK Authorities Seize Thousands of Hoverboards Over Explosion Risk

Staff Reporter   | Dec 04, 2015 08:13 AM EST

Although hoverboards are likely to be the hottest Christmas present this year, thousands of imported models have been confiscated. UK officials have since warned consumers to buy them cautiously. read more

Thinking About Selling Marijuana in Alaska? The Rules are Changing

Carlos Castillo   | Dec 03, 2015 10:58 PM EST

Reversing a previous decision, Alaska's Marijuana Control Board restored on Tuesday stricter residency requirements for people who wish to participate in the state's commercial cannabis industry. read more

RadioShack Gets Nick Cannon as Chief Creative Officer

Staff Reporter   | Dec 03, 2015 09:28 AM EST

RadioShack has recently hired artist Nick Cannon to become its Chief Creative Officer. read more

China's Manufacturing PMI Dips to Lowest in 3 Years

Staff Reporter   | Dec 03, 2015 07:58 AM EST

China's manufacturing Purchasing Manager's Index (PMI) dipped to its lowest in three years. read more

China Considers Harsher Penalties for Patent Violations

Michael A. Katz   | Dec 02, 2015 05:56 PM EST

China is stepping up its pressure on intellectual property piracy, and is considering increasing fines to up to 5 million yuan ($781,760). read more

Yahoo Stocks Rise on Possibility That Company May Sell Most of its Main Assets

Benjie Batanes   | Dec 02, 2015 04:15 AM EST

Share prices of Yahoo rose by more than 5 to 7 percent on Tuesday's after hours trading due to a recent media report that claims the Yahoo board is mulling plans to sell its main assets. read more

Yahoo CEO Marissa Mayer's Head May be on the Chopping Board

Staff Reporter   | Dec 01, 2015 09:39 PM EST

Marissa Mayer has been trying to turn things around for Yahoo for years. Now, it seems that things are turning pretty negatively for the CEO, as investors are dissatisfied with the futile attempts at reviving the former Internet giant. read more

Target Website Terribly Slowed on Cyber Monday

Staff Reporter   | Dec 01, 2015 08:21 AM EST

Retail giant Target has revealed that it's website suffered a terrible slowdown due to large amount of traffic from shoppers on Cyber Monday. read more

Chinese Renminbi Approved by IMF as World Currency

Staff Reporter   | Dec 01, 2015 12:47 AM EST

China's renminbi has been approved by the International Monetary Fund as a world currency and will be added to the list of elite world currencies in the Special Drawing Rights basket. read more

South Korea-China Free Trade Agreement Attracts Protest from Activists as Lawmakers Ratify Deal

Victoria Stanley   | Dec 01, 2015 08:05 AM EST

South Korean farmers and activists on Monday staged protests against a Free Trade Agreement (FTA) with China ahead of a parliamentary meeting to vote on its confirmation. read more

IMF to Make Chinese Yuan Reserve Currency in Historic Move

Staff Reporter   | Nov 30, 2015 07:45 AM EST

China's Yuan is expected to be included in the International Monetary Fund's (IMF) basket of currencies with Special Drawing Rights. read more

Amazon Shows Off New Delivery Drone for Prime Air [VIDEO]

Staff Reporter   | Nov 30, 2015 06:57 AM EST

Retail giant Amazon shows off a new delivery drone prototype, which the company plans to use for its 30-minute unmanned delivery service, Prime Air. read more

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