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Alipay, the country’s top mobile payment platform, announced on Tuesday a major anti-fraud u
pgrade on its application by teaming up with 26 public security departments nationwide.
The new function, dubbed “Security Guard”, allows users to set up related accounts among f
amily members or close friends. Should any abnormalities on transactions occur, the system would send
out alerts to all related accounts in order to prevent the fraud from materializing and minimize loss of funds.
“Security is the lifeline of Alipay, and we hope to fight fraud in a manner as harsh as dru
nk driving,” said Rui Xiongwen, vice-president of Ant Financial, Alipay’s parent company.
Alipay users can choose to delay payment for two hours or 24 hours and raise an alert
on the platform if they deem such transactions potentially misdirected or fraudulent.
The system has been linked to local public security authorities to help freeze any transaction
s in doubt. The money will be credited back to the user’s account if authorities determine fraud has been committed.
A number of local anti-fraud centers in cities like Beijing, Shanghai and Shenzhe
n also pledged to cooperate with Alipay on financial security education and anti-fraud alarming systems.
of the sector with a focus on improving financial services and forestalling financial risks.
Opening-up of China’s financial factor has sped up, as the country re
moved foreign ownership caps of banks and financial asset management firms last year.
Richard Turnill, global chief investment strategist of BlackRock, an American global investment man
agement corporation, is also positive on China’s stocks market, according to the Barron’s report.
Turnill said stronger inflows into Chinese A-shares, and China’s efforts to boost credit growth and sti
mulate its economy are also helpful to a bullish stock market.
However, selectivity of stocks is needed, Turnill said, adding that BlackRock favors b
rokers and companies related to the domestic consumer that can benefit from the efforts to stimulate growth locally.
Major securities traders in China, such as the Merchants Securities, CITIC Securities, and Fo
under Securities are all optimistic about China’s stocks market this year, according to a report from finance.sina.com.
seemed indicative of what was already deemed one of the most wide-open races i
n years, given the lack of consensus among guild awards leading up to Sunday’s event.
Perhaps no surprise came bigger than best actress, as “The Favourite’s” Olivia Colman upset
seven-time nominee Glenn Close, who had marched through awards season with enough victories to m
ake her a presumptive favorite. (Colman, in an emotional speech, practically apologized to Close for wi
nning.)s for politics, a recurring theme involved the Trump administration’s immigration polices, including an early jo
ke from Maya Rudolph that among the things that wouldn’t be happening during the telecast, “Mexico is not paying for the w
all.” For his part, Malek referenced being a first-generation American, the son of Egyptian immigrants.
Still, the most overt and rousing rejoinder belonged to Spik
e Lee — a winner for adapted screenplay for his movie “BlacKkKlansman” — who pointed to
the 2020 election, urging people to “be on the right side of history. Let’s do the right thing!” Congressman and civil-rig
hts icon John Lewis also received a prolonged ovation, introducing “Green Book.”
meting purchasing power across the country. It’s a situation, Emami says, that has made a lot of treatable cases lethal.
”I have a patient upstairs … I diagnosed him with brain cancer. The cost of biopsy, the chemotherapy and medication is
very high. So, the family asked me if I could leave him be,” says Emami. “Every day, we see this story here.”
Even when families can afford medical equipment they often join long waiting lists. Cardia
c pacemakers are in short supply in the country, and patients must abandon their regular lifestyles, an
d become admitted to hospitals where they are hooked up to a cardiac machine.
Emami tells CNN that some families are opting out of paying for feed
ing tubes for relatives with advanced Alzheimer’s disease. Without the feeding tubes, the pat
ients spend the rest of their days wired to machines in hospitals, instead of receiving home care.
With Brexit day only weeks away, and still no deal in place, now might not seem the best time for British politicians to flip the table over.
But this week, 11 Members of Parliament have done exactly that. On Monday, seven members of the opposition Labour Party announced tha
t they were fed up of their leader Jeremy Corbyn, citing reasons ranging from rampant anti-Semitism to hi
s lack of leadership on Brexit. They will Theresa May tactics of pandering to the harder-line Brexiteers in her own party and
elsewhere. That means it’s now hard to see this new group as anything other than a pro-EU bloc in the UK Parliament, dissa
tisfied with the pro-Brexit positions of both government and opposition.
Why does that matter?
Brexit has made the politics of the UK in
credibly hard to read. Both frontbenches are committed to delivering Brexit. The government agreed a way to achieve this
with the other 27 EU member states. Yet the UK Parliament hates the deal, infamously handing May the heaviest defeat in the history of the
House of Commons.
And it hates the deal for reasons all across the political spectrum (that’s right, the Brexiteers hate the deal just as
much as the Remainers).
Since the 2016, Brexit has redrawn the ideological lines of politics in the UK. Professor Sara Hobolt at the London Sc
hool of Economics explained that there “are more people now who are willing to identify as either Brexiteers or Remainers than as supporters of any par
ty. This new divide is more tribal than old party politics, with both groups tending to be inherently distrustful of one another.”