BEIJING, Dec. 8 (Xinhua) -- Global leading coffee shop chain Starbucks partnered with Chinese Internet giant Tencent to make WeChat mobile payment available in all its coffee shops in China, Tencent announced Thursday.
Starting from Thursday, customers can pay by WeChat in about 2,500 Starbucks outlets across China, according to the strategic agreement inked by the two companies.
Before this, customers could only pay in cash, bank cards or Apple pay.
International accounting firm PwC revealed in a recent global survey that nearly one-third of Chinese respondents preferred mobile payment.
Meanwhile, the two companies will roll out a digital gift-giving service on WeChat early next year, allowing WeChat users to send and receive Starbucks digital gifts and then cash in them at offline outlets.
Starbucks will be the first retail brand to use the digital gift-sharing service, supported by the social network's 846 million monthly active users.
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MADRID Harold Landry Big Tall Jersey , Feb. 15 (Xinhua) -- An opinion poll published in the conservative Spanish newspaper ABC on Monday shows that the Peoples' Party (PP) of Mariano Rajoy has lost support since the Dec. 20 general election.
The February poll carried out by the GAD3 group for the newspaper shows support for the PP dropping from 28.7 percent they received in the Dec. 20 general election, to 27.9 percent should the election be repeated now.
This fall in support comes in the wake of the revelations of further corruption scandals involving Rajoy's party in the regions of Valencia and Madrid, where the PP offices were raided by Civil Guards last week as part of an investigation into the illegal financing of the party.
Sunday saw veteran politician Esperanza Aguirre, a former president of the Madrid Autonomous Community and minister for education Rashaan Evans Big Tall Jersey , resign as the president of the Madrid branch of the party on Sunday afternoon, explaining that she ""should have kept closer vigilance"" on the accounts of her party.
The poll shows that the votes lost by the PP would cost them four seats in a theoretical new Congress, with 119 members rather than today's 123. Their support would go to the center-right Citizens, who would have 44 members rather than today's 40.
Meanwhile as Socialist (PSOE) leader Pedro Sanchez continues talks to form a coalition government Kevin Byard Authentic Jersey , the ABC poll shows support for the Socialists dropping from 22 percent in December to 20.8 percent now, with left wing Podemos gaining popularity from 20.7 to 21.4 percent and seeing their representation rise by six seats, from 69 to 75, while the Socialists would lose six deputies.
Despite these changes however Derrick Henry Authentic Jersey , the overall balance in Congress is not significantly altered as no pact PP-Citizens or PSOE-Podemos would be enough to produce a majority of 176 seats in the 350 seat Congress and a new election would probably lead to a political stalemate similar to the one Spain is currently experiencing.
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by Eric J. Lyman
ROME, Feb. 9 (Xinhua) -- In recent days, the Bank of Italy is coming under unusual pressure on allegations that it could have done more to avert the banking sector crisis gripping the country.
But experts and observers are split on whether the Bank of Italy, the country's central bank Jack Conklin Authentic Jersey , could have done more to avoid the current situation.
Scattered media attacks against the 123-year-old institution began last year, after thousands of small bank shareholders lost their investments after the government bailed out four small regional banks.
As those problems spread throughout the banking system, pressure mounted: in recent days some lawmakers have called for the resignation of Ignazio Visco, the central bank governor Jonnu Smith Authentic Jersey , and protests outside the bank's Rome headquarters have called for reforms.
Italian Prime Minister Matteo Renzi has said he has ""complete confidence"" in the Bank of Italy.
But critics point out that the parliamentary inquiry into the bank bailout and the appointment of an official from outside the Bank of Italy to oversee the reimbursement process could signal some behind-the-scenes dissatisfaction with the Bank of Italy.
""There are those within the Renzi government who seem to believe the Bank of Italy could have done more to avert crisis,"" ABS Securities analyst Andrea Filippini told Xinhua.
For most of its existence, the Bank of Italy's main role had been to regulate the lira currency, the original Italian money Taywan Taylor Authentic Jersey , by setting interest rates and overseeing the printing of new currency.
But that role disappeared with the introduction of the euro currency.
That changed the Bank of Italy's main focus to that of the main banking sector regulator. Over that time, the percentage of non-performing loans in the Italian banking sector has mushroomed: from a little under 5 percent in 2007, before the start of the banking crisis, to around 18 percent now.
But economists said it would be wrong to blame that growth on the Bank of Italy.
""The Bank of Italy has been saying for 30 years that there should be reforms to the rules for bank reserve requirements Adoree' Jackson Authentic Jersey ,"" Luigi Guiso, a finance expert with the Einaudi Institute for Economics and Finance and a former Bank of Italy official, said in an interview.
""But changes haven't been made and in the end, the institution is limited to what the law allows it to do Corey Davis Authentic Jersey ,"" said the expert.
Ruggero Bertelli, a banking professor from the University of Siena, agreed.
""The Bank of Italy has wide-ranging powers, but there are limits Harold Landry Authentic Jersey ,"" Bertelli said in an interview. ""It does not have a way to avert an economic crisis on its own.""