“Baidu has struck a partnership with Uber to deploy its autonomous cars on the ride-hailing giant’s platform outside the U.S. and mainland China.

The first deployments are expected to happen in Asia and the Middle East later this year. The two companies said the multi-year partnership will see ‘thousands’ of Baidu’s Apollo Go autonomous vehicles on Uber globally.

Baidu shares jumped 4.5% in premarket trade in the U.S. following the news, while Uber stock was more than 1% higher.

For Baidu, the move will help to internationalize its driverless car business outside of China. Uber will meanwhile gain a proven partner to take on autonomous driving rivals around the world.”

From CNBC.

“More adults than ever in low- and middle-income countries now have bank or other financial accounts, leading to a rise in formal saving, according to the World Bank Group’s Global Findex 2025 report. This momentum in financial inclusion is creating new economic opportunities.  Mobile-phone technology played a key role in the surge, with 10% of adults in developing economies using a mobile-money account to save—a 5-percentage point increase from 2021.

In 2024, 40% of adults in developing economies saved in a financial account in 2024—a 16-percentage-point increase since 2021 and the fastest rise in more than a decade. Higher personal saving—through banks or other formal institutions—fuels national financial systems, making more funds available for investment, innovation, and economic growth. In Sub-Saharan Africa, formal savings increased by 12-percentage points to 35% of adults.”

From World Bank.

“Waymo vehicles are cruising on Philadelphia streets this summer, potentially setting the stage for a fully autonomous rideshare service here…

Waymo is also seeking permission from Pennsylvania’s Department of Transportation to test its automated robotaxis in Philly. If it’s granted, that doesn’t mean you can hail a driverless cab anytime soon. Testing would be conducted with a safety driver in the vehicle. No passenger transport will be offered.”

From Axios.

“In 2010, there were just 13 million mobile money accounts in the world, fewer than the population of my home country, the Netherlands. By 2023, this had reached more than 640 million. That’s more than twice the total number of Netflix subscriptions worldwide…

What’s immediately obvious is how much of this growth has come from Sub-Saharan Africa; it’s home to more than half of the world’s accounts. In 2023, there were over 330 million active mobile money accounts in the region; more than one mobile money account for every four people.

What’s changed? One of the obvious drivers of this growth has been the widespread adoption of mobile phones, not just in the richest countries but across the globe. Mobile subscriptions have surged in nearly every region.

But the total number of mobile money accounts doesn’t tell us what percentage of people use mobile money. A small portion of people could each have many accounts. So instead of examining absolute numbers, let’s look at the share of people with mobile money accounts in Sub-Saharan Africa.

As the chart below illustrates, the percentage of people in Sub-Saharan Africa with a mobile money account grew rapidly, from 12% in 2014 to 33% by 2021.”

From Our World in Data.