Will Android, a “little rice” and lot of cheap “China Droids” overwhelm Apple’s plans for China? Xiaomi (“little rice” in Chinese) has just released a new Android phone priced at 799 renminbi ($130). The phone, called “Red Rice,” has good specifications, and one Chinese commentator said that the pricing was so aggressive and that the…

The European Commission (Commission) announced its decision, recently, to grant the Dubai Financial Services Authority’s (DFSA’s) audit monitoring system ‘equivalent status’ with European Union (EU) member states. Following an assessment of the supervisory regime for auditors in the Dubai International Financial centre (DIFC), the Commission considered the DFSA’s audit oversight system equivalent with that of…

China’s era of spectacular economic growth is coming to an end. That’s a popular theme at the moment, with any number of culprits cited, including an overleveraged financial system, pollution, too little consumer spending and corruption. It’s reached the point that the Chinese government’s International Press Center felt compelled to gather a group of reporters…