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Mobile money on the rise in Africa as millions get phones

Ivan Kiryowa repeatedly checked the balance on his phone, nervous sweat on his cheeks, as he waited for money from a friend. Thirty minutes later, $150 had landed in his account and he sauntered into a hardware store, where ...

Cruise passengers spend less despite offers on land

Cruise tourists are not influenced by extended shopping opportunities. They spend very little money during the port of call even when they are offered an increased number of spending options.

Forget oil, Russia goes crazy for cryptocurrency

Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money.

Abandoning websites: Are annoying ads good for business?

Most consumers have experienced online ads so garish, loud, or aggravating that they can't possibly be ignored. But a new study in the Journal of Marketing Research suggests that this way of forcing customer's attention may ...

Bitcoin rises above $1,000

The virtual currency bitcoin Wednesday broke above $1,000 per unit, quintupling in a month, according to Mt. Gox, which manages trading in bitcoin.

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