Kurdish People's Protection Units (YPG) fighters carry their weapons while riding on the back of a pick-up truck in Qamishli, Syria. Rodi Said / Reuters
Kurdish People's Protection Units (YPG) fighters carry their weapons while riding on the back of a pick-up truck in Qamishli, Syria. Rodi Said / Reuters
Kurdish People's Protection Units (YPG) fighters carry their weapons while riding on the back of a pick-up truck in Qamishli, Syria. Rodi Said / Reuters
Kurdish People's Protection Units (YPG) fighters carry their weapons while riding on the back of a pick-up truck in Qamishli, Syria. Rodi Said / Reuters

Syrian regime soldiers killed in clash with US-led coalition


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Two Syrian regime soldiers were killed and one wounded at an army checkpoint in north-east Syria near the Kurdish-held city of Qamishli, reportedly in an exchange of fire with a US-led coalition patrol.

There were reports that the checkpoint was targeted with an air strike, which were denied in a statement by the coalition.

"After receiving safe passage from the pro-regime forces, the patrol came under small arms fire from individuals in the vicinity of the checkpoint," the statement said.

"Coalition troops returned fire in self defence. The coalition did not conduct an air strike."

There were no casualties among the coalition side and the incident is under investigation.

However, both the Syrian Observatory of Human Rights war monitor and Syrian state outlet Sana said that there had been an air strike.

"One soldier was martyred and two others wounded ... when a US aircraft targeted an army checkpoint," Sana reported, giving a lower death toll than the Observatory, which said two were killed.

The checkpoint is at Tal Al Zahab, south-east of Qamishli.

Monday's clash was the first deadly incident of its kind in six months, the Observatory said, although tensions are not unusual in the area, where the web of security responsibilities is complex.

Kurdish and US coalition forces, as well as Russian and government troops, are all deployed in the area.

The US-led coalition is allied with the Kurdish-dominated Syrian Democratic Forces in the north-east region.

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Virtual banks explained

What is a virtual bank?

The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.

What’s the draw in Asia?

Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.

Is Hong Kong short of banks?

No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year. 

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Directed by: Fede Alvarez

Starring: Pedro Pascal, Karen Gillian, Aaron Taylor-Johnson

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