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China’s central bank halts Tencent, Alibaba mobile payment process
China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding.
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Moving India Toward Universal Financial Inclusion: Part 2 of our Q&A with Nachiket Mor
The Nachiket Mor committee report on financial inclusion in India has sparked excitement and debate domestically and around the world. In part two of our Q&A with Mor, we discuss India’s move toward a cashless economy, the need for responsive regulations, and how the committee’s recommendations could impact India’s economy and low-income communities.
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Haitians sue UN over cholera epidemic
Nearly 1,500 Haitians filed a lawsuit Tuesday seeking compensation from the United Nations for victims of a cholera outbreak that health officials say has killed more than 8,000 people and sickened over 600,000 in the impoverished Caribbean nation.
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- Health Care
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Big Pharma still betting on “messed up” Indian drugs market
Global drugmakers have had a nauseous time in India's $14 billion market. Prices have dropped and valuable patents have been overruled as the authorities strive to make medicines affordable for the 70 percent of people living on less than $2 a day.
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- Health Care
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- governance, supply chains, vaccines
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Financial regulators increasingly skeptical of Bitcoin
Two financial regulatory bodies have issued new Bitcoin-related warnings and sanctions this week. The first came from FINRA, the financial industry’s self-regulatory organization. It published an investor’s note on Tuesday saying that “selling and using bitcoins carry numerous risks.” The second warning came Monday from a Texas state financial regulator. That document is an emergency cease-and-desist order against Balanced Energy, an energy firm taking investment in bitcoins.
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Microfinance Institutions Network Seeks Early Implementation of Mor Panel Report in India
"Our customers are demanding number of banking services from MFIs. They want services beyond loan offerings, including insurance, invesment opportunities, inter-bank trading services, where banks find it difficult to provide services due to various reasons," said Alok Prasad, chief executive officer (CEO), MFIN.
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- South Asia
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US Provides $40 Million to Tackle Infectious Diseases
Within five years, the CDC aims to help 30 at-risk nations cope with the “perfect storm of vulnerability”, Tom Frieden, the centre’s director, said during a press briefing preceding the announcement.
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- Health Care
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Experts Say: India and Africa Should Form Working Group on Healthcare
ndia and the African countries should mull forming a working group to explore healthcare cooperation, stakeholders and experts said on Monday.
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- Health Care
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- South Asia