India is set to surpass the impressive mark of US$ 5.4 trillion in consumer spending by 2034, up from the current US$ 1.8 trillion, according to data from the World Data Lab analyzed by EBANX, a global technology company specializing in payment services for emerging markets. It represents a growth of 12% per year, three times higher than the projection for the United States, at 4%, and more than two times higher than the global average of 5%. This boost will place India as the third-largest market in the world in consumer spending, behind only the United States and China. Continue reading
Tag Archives: China
New Report by WeBank and Oliver Wyman Reveals Development and Innovation Trends of Global Digital Banks
China’s first digital-native bank, WeBank, and global management consulting firm Oliver Wyman have jointly launched a new report titled “Global Digital Banking: Development and Innovation Trends”. The report offers an in-depth analysis of the development of global digital banks and insights into the future trajectory and competitive landscape of the industry. Continue reading
Science and Technology Daily: China-Latin America Sci-tech Cooperation Puts People First
The 2024 Summit of the Forum on China-Africa Cooperation brings together members of the Global South to build a community with a shared future. However, the Global South evokes thoughts of another region at the same latitude as Africa, which too has very close ties with China. It is Latin America. Continue reading
‘It is crucial to tell the real China-Africa story’
The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) is being held in Beijing from September 4 to 6. It takes place at a critical juncture when the world is grappling with various regional and global crises and there is a pressing need for countries from the Global South to join hands. How will this year’s FOCAC elevate ties between China and Africa? Continue reading
Coming Soon: Global Renewable Energy Summit 2024 Gathering of World Partners
Sungrow, a global leader in PV inverter and energy storage system provider, is excited to announce the Global Renewable Energy Summit 2024 (GRES), set to take place on June 11th in Hefei, China. This grand event will bring together industry experts, researchers, and partners from around the world to discuss the theme, “Exploring a Zero-Carbon Path with Sungrow,” emphasizing high-quality development in the global renewable energy industry. Read more
How is BRICS (Brazil, Russia,India,China,South Africa) bloc doing so far?
June 4, 2024 /Economy/ — The BRICS bloc has been in the news recently due to a significant development: it doubled its membership in January 2024. Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates were all invited to join Atlantic Council. This expansion has the potential to reshape the bloc’s influence, but it also comes with challenges. Continue reading
History’s crisis detectives: how we’re using maths and data to reveal why societies collapse – and clues about the future
Daniel Hoyer, University of Toronto
American humorist and writer Mark Twain is believed to have once said, “History doesn’t repeat itself, but it often rhymes.”
I’ve been working as a historian and complexity scientist for the better part of a decade, and I often think about this phrase as I follow different strands of the historical record and notice the same patterns over and over.
Freedom of thought is being threatened by states, big tech and even ourselves. Here’s what we can do to protect it
Simon McCarthy-Jones, Trinity College Dublin
The idea of free speech sparked into life 2,500 years ago in Ancient Greece – in part because it served a politician’s interests. The ability to speak freely was seen as essential for the new Athenian democracy, which the politician Cleisthenes both introduced and benefited from.
Africa Cup of Nations showcases the continent’s finest footballers – and China’s economic clout
Simon Chadwick, SKEMA Business School and Chris Toronyi, Loughborough University
When the Africa Cup of Nations begins on January 13, the opening match between Guinea Bissau and the hosts, Ivory Coast, will be played at the Alassane Ouattara Stadium in Abidjan. The state-of-the-art venue is one of six stadiums being used during the football tournament.
IDTechEx Summarized Regional Regulations for Mandating Driver Monitoring Systems
Driver monitoring systems (DMS) have gained considerable momentum, driven by the escalating SAE autonomous driving levels and regulatory frameworks in key regions like the USA, Europe, China, Japan, and others. While DMS is not a novel concept, traditional DMS techniques typically rely on passive data sourced from advanced driver-assistance systems (ADAS), such as driving duration and lane-keeping. Although these conventional passive technologies offer simplicity and easy integration into vehicles, they are prone to generating false positives. Continue reading