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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 p
ublic 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 abnor
malities 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 t
he 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.
s 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.
seemed indicative of what was already deemed one of the most wide-open races i
n years, given the lack of consensus among gu
ild 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 ele
ction, 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.”
systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the fina
ncial market infrastructure and advanced efforts to nationalize key informati
on infrastructure in the sector. He also urged solid statistics in the financial sector and improvement in the warning system and rules on information disclosure and management.
on and supervision of senior officials of financial institutions and regulators sh ould be enhanced, and more should be done to fight corruption in the financial sector, Xi said.
He called for dynamic supervision of domestic an
d cross-border capital flow to enable financial watchdogs to fully monitor all flows. Xi said tasks for the reform and opening-up of the financial sector should be well implem
ented, calling for the preparation and the rolling-out
of new reform and opening-up measures based on the latest development of global economy and finance as well as the strategic needs of China.
Reforms including revamps on market access system and trading regulations should be deepened, and regulators should take a two-pronged appr
oach of enforcing both macro-prudential management and micromanagement of behaviors, he said.
He said those causing major financial risks due to their breaches such as lax regula
tion, cover-ups or decision-making failures must be held accountable and face serious punishment.
Efforts should be made to address the current situation where the costs of legal and
regulatory breaches in the financial sector, especially capital markets, are too low, Xi said.
Xi urged enhancing the global competitiveness of China’s financial sector, elevating the two-way opening-up to a highe
r level and beefing up capabilities of financial management and risk prevention and control amid greater opening-up.
A residential building located at Xihu district in Nanchang, Jiangxi province, collapsed on Sunday morning, trapping people under the rubble, according to CCTV.
By 11:00 am, three people, including two adults a
nd one child, were successfully pulled out by the fire department. They suffered minor injuries. The second and third floor of the three-story building, which is
made of wood and bricks, collapsed. The accident t
rapped three households. The search-and-rescue operation is underway.
BEIJING – China will further enhance physical acti
vities in primary and sec ondary schools and promote students’ interests, said the Ministry of Education Friday.
Provincial-level regions in China have clearly included physics as
scored in senior high school entrance exam, according to the ministry. Details to evaluate the subject of physics are based on local conditions, it
said, adding swimming is used to assess the score in certain regions.
In 2016, the ministry released a guideline aiming to establish a senior high school ent
rance exam system based on both academic performance and comprehensive quality
Ali only had two hours to save his baby’s life. He careened through traffic and sped along highway
s to an east Tehran government pharm
acy. When he saw some 800 people queued outside the fac ility, he dropped to his knees. Like him, they were waiting to obtain state-funded medications.
”I cried and screamed, begging people to
let me get through,” Ali — whom we have not fully identified for security reasons — recalls. Eventually, he skipped the line and returned with the medicine in time for his one-year-old daughter, Dory, to recover.The incid
ent happened just as Iran’s landmark nuclear de
al with six world powers led by the US was being sig ned in 2015. It was a moment when Iranian President Hassan Rouhani had promised Iranians an easier life, free of me
d food shortages, and where desperate scenes such as Ali’s outside the pharmacy would become a thing of the past. Iran was halting its nuclear program in exchange for international sanctions relief, appearing to turn the pa
ge on a 36-year history of diplomatic and economic