aljazeera
bbc
channel 4
chronicle
cnbc
cnn
express
fox
independent
irish times
metro
mirror
national scot
new scientist
news un
quartz
rt
sky
the guardian
vice
yahoo
count
sauces
help
I'm confused... What am I doing here?

Choose which sources you wish to remain and you're all set. Use the buttons to turn sources on and off.

What do the different colours mean?

Depending on if any articles/links are visible on the page there are 4 modes to show the state of your chosen sources.

on / visible on page

off / visible on page

on / not visible on page

off / not visible on page

Thanks to “Parasite,” we know what it takes for Americans to see an international film in theaters - quartz

Thanks to “Parasite,” we know what it takes for Americans to see an international film in theaters

Its success underscores just how many obstacles a foreign-language film must overcome to make its mark.
quartz - 26 minutes ago
‘Girl, 3, ended pedophile’s reign of terror by coming forward to tell police about his rapes’ - metro

‘Girl, 3, ended pedophile’s reign of terror by coming forward to tell police about his rapes’

John Tucker is feared to have raped at least four children aged between two and seven years-old
metro - 30 minutes ago
Ready to buy a trip to orbit from Elon Musk? - quartz

Ready to buy a trip to orbit from Elon Musk?

Elon Musk will offer the super-wealthy an unprecedented adventure.
quartz - 1 hour ago
Extraordinary Neanderthal skeleton found at famous burial site could finally answer ancient DEATH-RITES question - rt

Extraordinary Neanderthal skeleton found at famous burial site could finally answer ancient DEATH-RITES question

The landmark discovery in Iraq of the skeleton of a 70,000-year-old Neanderthal has reignited a debate about whether these ancient humans were sophisticated enough to have burial rituals.
rt - 1 hour ago
Murdered Sex Therapist Had a Restraining Order Against Her Ex Who Was Just Arrested in Her Death - vice

Murdered Sex Therapist Had a Restraining Order Against Her Ex Who Was Just Arrested in Her Death

Harwick was a former Playboy model who often worked with domestic violence victims.
vice - 1 hour ago
You Only Think You

You Only Think You're Recycling These Plastics

Here's the depressing results of a survey of all 367 residential recycling facilities in the U.S.
vice - 2 hours ago
China is being accused of mistreating coronavirus nurses for propaganda - quartz

China is being accused of mistreating coronavirus nurses for propaganda

In the video, a nurse averts her gaze so that she doesn't have to see her newly cut-off ponytail in her hairdresser's hands.
quartz - 2 hours ago
Have a strong accent? Here’s how that hurts your paycheck - quartz

Have a strong accent? Here’s how that hurts your paycheck

People with strong regional accents face a wage penalty of 20%.
quartz - 3 hours ago
African countries debate repatriating citizens from China as coronavirus fears mount - quartz

African countries debate repatriating citizens from China as coronavirus fears mount

"Our African students in Wuhan do not deserve to be stranded for so long. We are their voice in this tragedy.”
quartz - 3 hours ago
US ‘shamelessly & impudently’ PILLAGES Syrian oilfields but forbids supply of hydrocarbons to Damascus, says Russian defense chief - rt

US ‘shamelessly & impudently’ PILLAGES Syrian oilfields but forbids supply of hydrocarbons to Damascus, says Russian defense chief

Russia’s Defense Minister Sergey Shoigu slammed the US for occupying Syrian oilfields, calling it a major obstacle to the reconstruction of the country after the conflict.
rt - 3 hours ago
Passengers forced to hide in driver’s cabin after knifeman gets on board - metro

Passengers forced to hide in driver’s cabin after knifeman gets on board

Armed officers arrived on the scene after the man, believed to be in his 50s, boarded the Southern Railways service.
metro - 3 hours ago
This Artist Is Trolling ‘Skid Rodeo Drive’ With Chanel and Gucci-Branded Homeless Tents - vice

This Artist Is Trolling ‘Skid Rodeo Drive’ With Chanel and Gucci-Branded Homeless Tents

Rodeo Drive and Skid Row are only about 12 miles apart.
vice - 3 hours ago
NOAA’s hurricane hunter ‘Kermit’ meets St. Elmo’s fire as it flies through lightning storm in the clouds (VIDEO) - rt

NOAA’s hurricane hunter ‘Kermit’ meets St. Elmo’s fire as it flies through lightning storm in the clouds (VIDEO)

The fearless crew of NOAA’s plane Kermit were busy hunting down hurricanes in the North Atlantic, when they were dazzled by a bout of St. Elmo’s fire. Thankfully, the cameras were rolling and captured the awe-inspiring sight.
rt - 3 hours ago
‘Twisted grandparents filmed themselves torturing grandson, 12, to death’ - metro

‘Twisted grandparents filmed themselves torturing grandson, 12, to death’

Patricia Batts and James Sasser are said to have starved and spanked James Hurley, and made him perform grueling exercises while they filmed
metro - 3 hours ago
Like the ‘Titanic,’ the glory of the US won’t prevent it from sinking… and it will sink – Iran’s Khamenei - rt

Like the ‘Titanic,’ the glory of the US won’t prevent it from sinking… and it will sink – Iran’s Khamenei

Iranian Supreme Leader Ali Khamenei has denounced the US ahead of Iran’s elections, likening Washington to a sinking ocean liner, and calling it out as a mass oppressor.
rt - 4 hours ago
Ted Cruz Is Not a Fan of the Government Telling Men What to Do With Their Bodies - vice

Ted Cruz Is Not a Fan of the Government Telling Men What to Do With Their Bodies

An Alabama lawmaker has proposed a bill to force men to get vasectomies.
vice - 4 hours ago
Twitter down across eastern US and parts of Europe in latest major outage - rt

Twitter down across eastern US and parts of Europe in latest major outage

Hundreds of users have reported issues with the Twitter website Tuesday afternoon, while the mobile app appears to be largely unaffected. Twitter has not given any explanation for the mysterious outage at time of writing.
rt - 4 hours ago
Ukraine witch-hunter Mirotvorets blacklists retired NATO generals, Munich Security Conference head as ‘PRO-RUSSIA’ propagandists - rt

Ukraine witch-hunter Mirotvorets blacklists retired NATO generals, Munich Security Conference head as ‘PRO-RUSSIA’ propagandists

A notorious witch-hunt website says the chairman of one the most reputed pro-NATO gatherings and some top US military retirees are now enemies of Ukraine, as they dared to sign a non-binding roadmap for peace in Donbass.
rt - 5 hours ago
Mysterious repeating deep space signals may have been produced by aliens, astronomer says - metro

Mysterious repeating deep space signals may have been produced by aliens, astronomer says

Unexplained bursts come from an unknown source 500 million light-years away and appear to repeat every 16 days.
metro - 5 hours ago
Bernie Sanders and Mike Bloomberg Will Finally Get To Tear Each Other Apart In Person - vice

Bernie Sanders and Mike Bloomberg Will Finally Get To Tear Each Other Apart In Person

Bloomberg has qualified for Wednesday's debate after coming in second to Sanders in a national poll.
vice - 5 hours ago
LOAD MORE NEWS
aljazeera
bbc
channel 4
chronicle
cnbc
cnn
express
fox
independent
irish times
metro
mirror
national scot
new scientist
news un
quartz
rt
sky
the guardian
vice
yahoo
count
sauces
help
I'm confused... What am I doing here?

Choose which sources you wish to remain and you're all set. Use the buttons to turn sources on and off.

What do the different colours mean?

Depending on if any articles/links are visible on the page there are 4 modes to show the state of your chosen sources.

on / visible on page

off / visible on page

on / not visible on page

off / not visible on page

quartz
A Chinese super app is facing claims of predatory consumer lending in Nigeria, Kenya and India

A Chinese super app is facing claims of predatory consumer lending in Nigeria, Kenya and India

quartz - 4 weeks ago

OKash and OPesa, the Africa-focused consumer lending apps of Opera, the Chinese-owned internet browsing giant, appear to be flouting Google’s Play Store policies. In a report this week, equity research house Hindenburg Research suggested that Opera’s Android-based lending apps in Nigeria, Kenya and India typically require loan repayments within a 30 day periodless than Google’s stipulation of 60 days with steep interest rate payments.

Hindenburg Research also highlighted discrepancies in information contained in the apps’ description online and their actual practices. While they require payments in a shorter time-span, the apps list repayment periods that fall within Google’s stipulation online, seemingly to feign compliance. The report also claims the apps charge interest rates much higher than advertised.

The report appears to have already had one effect as OPesa, one of Opera’s lending apps, is no longer listed on Google’s app store. A similar delisting of its other apps will likely hobble distribution for Opera as Google’s Android operating system dominates market share across several African countries.

As several digital lending apps operate on the continent by offering collateral-free loans, they have quickly gained traction among middle-class and lower income users who typically face access to credit barriers. Unlike traditional banks which require a paperwork-intensive process and collateral, digital lending apps dispense quick loans, often within minutes, and determine creditworthiness by scouring smartphone data including SMS, call logs, bank balance messages and bill payment receipts.

Amid growing evidence that access to quick, digital loans is leading to a spike in personal debt among African users, there have been increased attempts to regulate how digital lending apps operate to curb predatory short-term lending practices. In a key move last August, Google announced that lending apps that require loan repayment in two months or less will be barred from its apps storethe major distribution point for most apps.

For its part, Opera claimed Hindenburg Research’s report contains “numerous errors, unsubstantiated statements, and misleading conclusions and interpretations.” However, its brief statement does not share any information to clarify the conflict between how its apps operate and how they are advertised to users. Opera had not responded to Quartz’s follow-up email queries ahead of publication.

Opera has made a deep play for African markets over the past year amid ambitions to build a super-app after originally starting out a simple mobile phone internet browser on Android phones. In Nigeria, Africa’s largest economy and most populous country, Opera’s OPay app first launched on the basis of providing payments and financial services to users but has since kicked off operations across various verticals including motorcycle and car hailing as well as food delivery. It also has the Opera news service.

The African market watchers have been paying rapt attention to Opera since last year when it raised an unprecedented $170 million over two funding rounds from a raft of Chinese investors to boost its plans to expand in various verticals and out to other African countries.

Sign up to the Quartz Africa Weekly Brief here for news and analysis on African business, tech and innovation in your inbox

sauce: quartz
CLOSE