Some Good News
Good News from India
India’s Recovers to Above 8% GDP Growth. India’s GDP accelerated to 8.2% in the quarter ended June 2018 (over the same quarter the previous year), the fourth consecutive quarter of accelerating growth, indicating that the negative shock from the successive reforms of demonetisation and the national GST was now firmly behind it.
1 September 2018
OyoRooms Becomes India’s Second Largest Unicorn at US$5bn Valuation, Expands to China. The tech-enabled budget hotel Chain raised US$1bn from the Softbank Vision Fund and other existing investors at a US$5bn valuation (vs. under US$1bn in its last round), and announced plans to use the funding to drive its rapid expansion in the China market.
25 September 2018
Supreme Court Decriminalises Homosexuality. India’s Supreme Court repealed the controversial ‘Section 377’ of the Indian Penal Code which, amongst other things, criminalised homosexual relationships after a long legal battle by LGBTQ rights activists.
6 September 2018
Good News from China
China to partner globally for counter-terrorism. China wants its elite counter-terrorism forces to play a bigger role overseas in collaboration with local governments, protecting its growing international interests.
30 September 2018
Hong Kong joins China’s high-speed rail network. China’s high-speed rail network, the largest in the world has been extended into Hong Kong, allowing non-stop travel to Guangzhou in an hour.
24 September 2018
China pledges $60bn for Africa. China has pledged $60bn for African development over the next three years while countering criticism that Beijing is trying to ensnare African governments in a debt trap.
03 September 2018