By Prof. Yiping Huang

Financial technology (fintech) is rapidly changing the financial landscape in the People’s Republic of China (PRC), with important implications for financial inclusion and macroeconomic stability (Huang 2020). Fintech in the PRC started at the end of 2004 when the mobile payment service Alipay first came online. However, fintech did not grow dramatically until 2013, when the online money market fund Yu’ebao started to receive investments from Alipay users. Today, the PRC is at the frontier of global fintech development, especially in mobile payments, big data-based online lending, digital insurance, online investments, and central bank digital currency…


By EOS Intelligence

Talk to any top executive at Gucci, Prada, Tiffany (or any luxury brand for that matter) and they will tell you the importance of Hong Kong as a market in their business. For years, Hong Kong has ranked among the top five luxury hubs and accounted for about 5–10% of the estimated US$285 billion luxury goods market. However, the recent pro-democratic protests in Hong Kong against China have left luxury brands grappling, with many undergoing store closures. …


By IndraStra Global News Team

Image by Abel Escobar from Pixabay

On December 12, 2019, a survey report* released by IBM and it’s subsidiary The Weather Company shows that as many as 94% of top Indian business leaders believe climate change and adverse weather conditions have had a negative impact on business operations while around 72% believe they disrupt local economy. Moreover, 89% of the people in India expressed concern that climate change could hurt the economy. The report also revealed that a significant number of Indians said they were not confident about the local weather forecasts.

Last month, on November 14, IBM’s The Weather Company…


By Samarth Kavoori

Obstacles linked to overpopulation is a ubiquitous debate among Indians today. Mumbai’s congested trains or Delhi’s bazaars are standard images that come into people’s minds while discussing the topic. Over the last few years, however, a conflicting argument has become popular. The view suggests that reduced birth rates could lead to an irremediable demographic problem that clashes with the dominant view of an overburdened planet. …


Oman’s Top-300 Energy Stakeholders to Convene at the 7th Gulf Intelligence Oman Energy Forum on Nov. 25th to Draft a Roadmap on How the Oil and Gas Industry can Help the Omani Economy Convert Climate Change Challenges into Economic Opportunities.

November 24, 2019 (Muscat,Oman) : The energy industry of Oman, the engine of the Sultanate’s economy, is well-placed to help the country tackle climate-change in alignment with the Paris Agreement by converting the challenges presented and converting them into new economic opportunities given the industry’s success over the last 50 years in supporting Oman’s transformation into a modern economy.

The…


Image Attribute: Aerial photograph of HMAS Sydney (DDG 42) / NUSHIP Sydney (V) taken during the sea trials / Source: Australian Department of Defence (DoD)/Commonwealth of Australia

On November 9, 2019, the Australian Department of Defence (DoD) announced the completion of sea trials for the future HMAS Sydney (DDG 42)/NUSHIP Sydney (V). It is the Royal Australian Navy’s (RAN) third and final 7,000-ton Hobart-class Air Warfare Destroyer (AWD), which comes with layered defensive and offensive capabilities — required to counter conventional and asymmetric threats.

AWD Alliance includes the Department of Defence (DoD), Raytheon Australia, and ASC Shipbuilding supported by Navantia Australia.

HMAS Sydney is based on the Navantia designed F100 frigate and is coupled with the Aegis Combat System. The keel was laid down on November 19…


The Nazis justified their many atrocities with the idea that all they did was in service to the creation of a new, human super-race. It took a World War and the horror of the Holocaust to defeat that idea.

Now the US and China are potentially heading into a genetic arms race with possibilities beyond what the Nazis could ever have imagined. The outcome could change the very nature of the human race. That is the alarm being sounded by Dr. …


Image Attribute: RISAT-2B Successfully Launched by PSLV-C46, Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota/ Date: May 22, 2019, Time: 0530 (IST) / Source: ISRO/PIB

On May 22, 2019, India’s Polar Satellite Launch Vehicle (PSLV-C46) successfully launched the RISAT-2B satellite from Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota in Andhra Pradesh. This was the 72nd launch vehicle mission from SDSC SHAR, Sriharikota and 36th launch from the First Launchpad.

PSLV-C46 lifted-off at 0530 (IST) from the First Launch Pad and injected RISAT-2B into an orbit of 556 km, about 15 minutes and 25 seconds after lift-off. After separation, solar arrays of RISAT-2B were deployed automatically and ISRO Telemetry Tracking and Command Network (ISTRAC) at Bengaluru assumed control of the satellite. …


Image Attribute: The file photo of OMV implementing international advertising measures in Abu Dhabi / Archive Number: MEDIA081143 / © OMV Aktiengesellschaft

It is exactly 25 years since Abu Dhabi and Austria signed a consortium agreement that laid the foundation for the strong and enduring commercial partnership. Core to this relationship is Mubadala`s shareholding in OMV based on the fact that Abu Dhabi acquired 13% of OMV shares from Österreichische Industrieholding AG (ÖIAG) in 1994. Later, Abu Dhabi increased its stake to 24.9% and in 2019 all the shares were transferred to Mubadala Investment Company.

The partnership between Abu Dhabi and Austria developed further in 1997 with initial acquisitions in Borealis a leading provider of innovative solutions in the fields of polyolefins…


By IndraStra Global News Team

Image Attribute: In January 2019, two large LNG-carrying ships docked at Karachi’s Port Qasim and averted a looming energy crisis. Ship on Left — AL GHASHAMIYA (IMO: 9397286, MMSI: 538003353) and Ship on Right — EXQUISITE (IMO 9381134, MMSI: 538003353) / Dated: January 19, 2019 / Source: ProPakistani.pk

According to the latest media reports quoting a senior Pakistani government official associated with the cabinet of Prime Minister Imran Khan, Qatar has emerged as the front-runner for a long-term liquefied natural gas (LNG) supply deal to Pakistan. The decision on the agreement will be taken in the coming weeks.

Pakistan is facing a severe energy crisis with repeated power blackouts and gas supply outages that led to the sacking of the heads of two of its main gas distribution utilities in January. …

IndraStra

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