US banking regulator warns on risks of 'buy now, pay later'
A top U.S. banking regulator on Wednesday warned banks to manage the risks to consumers posed by increasingly popular "buy now, pay later" financing for retail spending, saying the service creates pitfalls for retail shoppers. Key Points
ReutersFormer Chinese premier Li Keqiang dies of heart attack: State media
Li Keqiang was once viewed as a top Communist Party leadership contender, but became increasingly sidelined by Xi in recent years. He memorably said in 2020 that over 600 million people in China earned less than the equivalent of $140 per month, sparking a wider debate on poverty and income inequality. Key Points
Economic TimesUN recruits robots in strive to meet global development goals
Dozens of robots, including several humanoid ones, will take centre stage at a conference organised by the U.N. technology agency in Switzerland this week to showcase their potential to help it reach a series of increasingly improbable global goals. Key Points
ReutersChinese Minister Qin takes indirect potshots at US; Russia directly
The cold war is resurgent, unilateral protectionism is surging against the current and hegemonism and power politics are on the rise. As an important constructive force in international and regional affairs, SCO should firmly build a closer community with a shared future as the international situation becomes increasingly turbulent, Qin said. Key Points
Economic TimesWhat we can learn from returning NRIs
Loneliness and isolation are becoming increasingly common in urban India, exacerbated by the focus on individual goals and the decline of multigenerational family structures. Housing options in India now cater to smaller nuclear families, with wider familial fallback options being drastically reduced. Concurrently, long-resident Indians based abroad are returning in search of a more sociable and caring retired life. Key Points
Economic TimesUK probing TikTok, ‘want to make sure phones are not spyware,’ says security min
A person familiar with UK plans said at the weekend that the app would be banned, following a similar decision by the European Commission. Western governments have become increasingly worried about TikTok’s potential national security risk, in light of concerns around its parent company, ByteDance Ltd. Key Points
Hindustan Times