BMW is targeting another ambitious hike in plug-in hybrid and battery car sales next year to defend its position in the electric-car shift as competitors like Volkswagen ready their own battery line-ups. The planned increase to about
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Xiaomi, the Chinese smartphone maker that was once the most valuable start-up in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least $50bn, according
Bitcoin’s extraordinary price surge means its market capitalisation now exceeds the annual output of whole economies, and the estimated worth of some of the world’s top billionaires. With the debate over its bubble status
Venezuela’s currency is in free fall. Cryptocurrencies such as bitcoin are going precisely the other direction. And there, President Nicolas Maduro sees a way out of his country’s economic ills. On his Sunday television show, Maduro
Tencent slumped on Friday, putting it in line for its worst week in almost two years, as investors took profit in global technology shares and before the stock’s weighting gets reduced in Hong Kong’s benchmark index. Tencent
As many as 800m workers worldwide may lose their jobs to robots and automation by 2030, equivalent to more than a fifth of today’s global labour force. That’s according to a new report covering 46 nations and more than
Not only does Elon Musk deny being the mysterious creator of bitcoin Satoshi Nakamoto, but he’s also forgotten where he keeps his cryptocurrency. Musk’s assertions came in response to a blog post coursing through
Tencent’s rise into a $500bn company was fuelled by a culture of internal competition, where teams raced against each other to make ideas work. To become an advertising powerhouse like Facebook, the internal barriers are starting to
Bitcoin is showing no signs of slowing down, blowing past $9 000 less than a week after topping $8 000 and now quickly closing in on five big figures. The price of the largest cryptocurrency by market value is soaring as it gains greater
Jeff Bezos is the world’s newest US$100bn mogul. The Amazon.com founder’s fortune is up $2.4bn to $100.3bn (R1.4 trillion at the time of writing), as the online retailer’s shares jumped more than 2% on optimism for Black