Bitcoin price falls again on reports that China is shutting down local exchanges

China’s clampdown on cryptocurrencies has reportedly taken a new direction – to close down local bitcoin exchanges. Initial reports from Chinese media that the government plans to close down domestic cryptocurrency exchanges have seen the virtual coin shed...

Richard Branson shares pictures of what Hurricane Irma did to his island home

Billionaire entrepreneur Richard Branson has revealed photos of the devastation wreaked by Hurricane Irma on his private island in the Caribbean. In a series tweets over the weekend, the Virgin founder showed the destruction felt by Necker Island and other surrounding...

Xiaomi reportedly seeing a huge comeback as smartphone sales soar

Fallen Chinese tech unicorn Xiaomi is finally seeing a turnaround in its fortunes following a surge in mobile phone shipments, the Financial Times reported Monday. The firm regained a place among the top-five global smartphone manufacturers after sales in the second...

Lenovo exec explains why marketing is now so crucial for the company

More broadly, Lenovo has briefed a London agency to come up with a “story” for the brand to try to give it a more human appeal. “Typically the story of the company is something that you do through investor relations, (and the company has previously...

Here is how Hurricane Irma is set to impact retail in the Southeast

Hurricane Irma poses a mixed bag of good and bad for retailers across the Southeast, with the storm scheduled to make landfall in Florida beginning on Sunday. Sales are expected to surge for grocers, home centers and mass merchants ahead of the storm, Cowen & Co....

Investor psychology is now in a brand new post-crisis phase, fund manager says

Investor psychology has moved on from the memory of the 2008 financial crash and the recession that followed, a fund manager told CNBC. “I think what’s very interesting at the moment is why equity markets are not really moving very much in response to what...