“AREA 2071” and “P&G” challenge finalists chosen for the first microcredit pilots in emerging markets

  • Pilots seek to solve pressing issues in emerging economies around credit facilities and sustainable support of retail SMEs
  • Outcomes of pilots focused on strengthening financial acumen of local retail SMEs
  • Pilots are part of a global challenge co-launched by AREA 2071 and P&G’s i-Dubai Lab to impact a billion people in emerging markets 

Dubai: AREA 2071, the innovation ecosystem of Dubai Future Foundation (DFF), and its partner, P&G’s i-Dubai Lab, the latest Procter & Gamble (P&G) Innovation Center, which covers MENA, East and Southwest Asia, have launched three micro-credit pilot projects with technology startups.

Launched in November 2019, the challenge aimed to find innovative micro-credit solutions to enable small retailers located across emerging markets to build financial credibility, acumen and stability in order to scale up their businesses. These solutions, which are at the heart of the announced pilots are part of a bigger mandate P&G has for emerging markets

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Here’s what’s happening Wednesday with COVID-19 in the Chicago area

Illinois health officials Tuesday announced 1,617 new known cases of COVID-19 and 32 additional confirmed fatalities, bringing the total number of known infections in Illinois to 305,011 and the statewide death toll to 8,836 since the start of the pandemic.



a group of people sitting at a table with a bunch of stuffed animals: Mourners add to a memorial on Sept. 9, 2020, during a vigil in memory of Dajore Wilson, 8, near where she was killed at 47th Street and South Union Avenue in the Canaryville neighborhood.


© Brian Cassella / Chicago Tribune/Chicago Tribune/TNS
Mourners add to a memorial on Sept. 9, 2020, during a vigil in memory of Dajore Wilson, 8, near where she was killed at 47th Street and South Union Avenue in the Canaryville neighborhood.

Officials reported 49,513 new tests in the last 24 hours. The seven-day statewide positivity rate is 3.4%.



a traffic light at night: The setting sun is is seen along East Madison Street before the fall equinox on Sept. 21, 2020, in Chicago.


© Armando L. Sanchez / Chicago Tribune/Chicago Tribune/TNS
The setting sun is is seen along East Madison Street before the fall equinox on Sept. 21, 2020, in Chicago.

Earlier Tuesday, city officials said Indiana again is in danger of being added to Chicago’s quarantine travel order next week. While the neighboring state

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Coronavirus has failed to dent Hong Kong’s fintech push, future role as fundraising hub for bay area, say experts



a flag on the side of a building: Hong Kong’s finance sector has remained ‘vibrant’ despite the health crisis, as unemployment in the sector remained below 3 per cent. Photo: EPA


Hong Kong’s finance sector has remained ‘vibrant’ despite the health crisis, as unemployment in the sector remained below 3 per cent. Photo: EPA

Hong Kong’s financial sector, its use of financial technology and role as a fundraising centre for the cities of southern China have weathered the coronavirus outbreak and even thrived in some areas, according to a panel of industry players.

The city’s finance sector has remained “vibrant” despite the health crisis, as unemployment in the sector remained below 3 per cent, much better than the overall figure of 6.1 per cent , said Rocky Tung, head of policy research on the Financial Services Development Council, a government advisory body.

“The development of the (Greater Bay Area) has been continuous. The financial sector is relatively less affected by Covid. In terms of trading (and) IPOs, we are also very vibrant,” said Tung.

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Technology and apps you need when an earthquake or fire strikes the Bay Area

Power blackouts and poorly-thought-out evacuation alert systems have left Californians without critical information during natural disasters in the past.

But there are some free apps for your phone, numbers to text, systems to register for and technology to buy that could ensure that you have the most accurate and up-to-date information when disaster strikes, even during a power blackout.

To best ensure you get critical information when you most need it, it’s best to choose a diverse range of disaster preparedness technology options in case any one particular solution fails. The Federal Emergency Management Agency also reminds people that mobile networks can become overwhelmed in a crisis, and it is often easier to receive information via text than over a phone call or on an app during those times.

All of these apps are available for iOS in the Apple App Store or Android in the Google Play store unless

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Discovery of diamonds in small rock sample hints at possibility of new deposits in area similar to world’s richest gold mine in South Africa — ScienceDaily

The presence of diamonds in an outcrop atop an unrealized gold deposit in Canada’s Far North mirrors the association found above the world’s richest gold mine, according to University of Alberta research that fills in blanks about the thermal conditions of Earth’s crust three billion years ago.

“The diamonds we have found so far are small and not economic, but they occur in ancient sediments that are an exact analog of the world’s biggest gold deposit — the Witwatersrand Goldfields of South Africa, which has produced more than 40 per cent of the gold ever mined on Earth,” said Graham Pearson, researcher in the Faculty of Science and Canada Excellence Research Chair Laureate in Arctic Resources.

“Diamonds and gold are very strange bedfellows. They hardly ever appear in the same rock, so this new find may help to sweeten the attractiveness of the original gold discovery if we can find

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Pudong New Area plays pivotal part amid global technology split

A solar-powered automatic drone charger is seen in the Zhangjiang artificial intelligence (AI) island in Shanghai on Tuesday. The Zhangjiang AI island, covering 100,000 square meters, is expected to be a cluster of AI companies, projects and talent with Microsoft and IBM as the two major participants, media reports said. The island will focus on high-technology sectors like big data, cloud computing and blockchain. Photo: IC

Shanghai’s Pudong New Area, the wealthiest district in China with a per capita GDP of $33,200, higher than that of South Korea, is well on course to lead the nation’s high-tech push, especially in artificial intelligence (AI), with the developer and operator of a smart AI facility revealing plans on Tuesday to generate taxes of 10 billion yuan ($1.47 billion) per annum by 2025.

The local AI ambition, as part of a national effort to win the global AI race, is considered of pivotal

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Area 51 Has A Huge New Hangar Facility That Points To A Drone Swarm Future

The Air Force’s clandestine flight test center deep inside the Nevada Test and Training Range, known as Area 51 or Groom Lake, among more colorful nicknames, continues to grow as it approaches its seventh decade of operations. Constant construction has grown the remote facility dramatically since the turn of the millennium, including the addition of a massive and still mysterious hangar built at the base’s remote southern end. Now, an even larger extension to an existing hangar facility that is quite peculiar in nature points to the very real possibility that the age of large swarms of unmanned combat air vehicles (UCAVs) has finally arrived.

For around a year, construction has been underway in a prominent section of the southern ramp area at the base, near where the original A-12 Oxcart hangars still stand. A quartet of more modern hangars that are divided into two separate buildings, with each bay

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