Alipay updates anti-fraud functionsscans a quick response

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.

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driven breakthroughs. Although among the two, the Huawei

Mate X is more practical than Galaxy Fold because the latter is folded inward to lower the risk of br

eaking apart while falling down, which is not so useful when breaking-glass insurance is popular.

More importantly, the “new” foldable smartphones are hardly of any pr

actical use. Of course, one can easily double the display of the foldable smartphone by un

folding it so it has the size of an iPad, but that’s all. In plain words, the foldable display enables users to combine a tablet an

d a smartphone into one. There might be more uses in the future, but at least not for now.

When touchable displays for smartphones was invented, they did not get popularized until certain apps that suit

ed touchable displays only, such as Fruit Ninjia, gained popularity. Now foldable smartphones faces a similar pr

oblem. Only when apps that suit the foldable smartphones are developed will the phones be truly accepted by the market.

Wu Shuyuan, a senior analyst at Sigmaintell, a company specialized in display analysis

Samsung Fold and Huawei Mate X are both foldable smartphones, but they differ greatly in terms of des

ign. The former is folded inward while the latter is folded outward, and each has its advantages and disadvantages.

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Premier financial magazine bullish on Chinese stocks market

Chinese stocks market surged on Monday with benchmark indices in Shanghai and Shenzhen jumping over 5 percent, mak

ing daily turnover break through 1.04 trillion yuan ($155.5 billion), a new record since 2015. The Barron’s, a fin

ancial weekly published by Dow Jones & Company, said the performance of Chinese stocks is much better than the S&

P 500. Global investment management corporation BlackRock also suggested lasting gains of the bull market.

Barron’s said the CSI 300 index, which tracks the largest stocks traded in the Shanghai and Shenzhen

stock exchanges, rose 6 percent on Monday, with a year-to-date gain of nearly 24 percent, twice the gai

n in the S&P 500, making the CSI 300 index one of the best performing indices globally in 2019.

The ongoing finance sector reforms and further industry open-up could also help boost the Chinese economy and the stock market, the Barron’s report said.

China’s financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the co

untry will deepen supply-side structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.

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Green Book’ wins on Oscar night marked by inclusiveness

  ”Green Book” won best picture at the Oscars, marking the final twist on a night of historic firsts, filled with suspense until the final prize.

  Despite controversies surrounding the film, and many outspoken critics, the per

iod drama about race relations in the 1960s felt like a more conventional best-picture choi

ce than its two top rivals, both of which had to overcome key hurdles: “Black Panther” represented the fi

rst superhero movie to earn such recognition, while “Roma” not only would have been the first foreign-lan

guage winner, but was likely hobbled by those who still see its distributor, Netflix, as an upstart in the movie world.

  The Oscars compensated for a host-free ceremony with a nigh

t of breakthroughs, moving briskly through the categories in a concerted effort to sh

orten the run time, amid a night marked by greater inclusiveness and that spread the wealth among the nominees.

  Award voters extended honors to a number of blockbusters, including “Black Panther,” which

earned several technical awards; and “Bohemian Rhapsody,” the biography of Queen and the band’s fron

tman, Freddie Mercury, earned four Oscars — the most of any film — including Rami Malek’s first for the central role.

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Polls across the country were scheduled to open at 8 a.m

  (2 a.m. ET) and close at 2 p.m. (8 a.m. ET) Saturday, but reports soon emerged of widespread delays.

  In the megacity of Lagos, CNN visited multiple polling stations, all of which opened hours la

ter than planned. Voters said they had lined up for hours before electoral officers arrived with voting materials.

  To cast their ballots Saturday, voters were expected to complete an accreditation process in which officials from Nigeria’s Independent National Elec

toral Commission take their fingerprints and scan their permanent voting cards.

  A nurse told CNN she turned up at a polling station after working a night shift, only to face a long wait.

  ”I am supposed to be resting now, but I came to the polling station (at) 7:30 a.m. thinking they the electoral commissi

on officials) will be here, but it’s two hours now, and they have not come,” Juliet Emoedin said.

  Festus Okoye, a national commissioner for the electoral commission, sa

id stations that opened late would close an hour later, according to the Nigerian Television Authority, the state

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uventus beaten at Atletico to leave Ronaldo on brink

  Cristiano Ronaldo was supposed to be the final piece in the Juventus Champions League winning jigsaw.

  For so long, Juventus has dominated in Italy, winning seven successive league titles with an eighth almost inevitable.

  But it is the Champions League crown that it craves. Ronaldo was s

upposed to be the man to deliver for a club that has lost out twice in the final in the past four years.

  When Juventus turned to Ronaldo, a five-time winner, chasing a record-equ

aling sixth Champions League title, it was to inspire the team on nights like Wednesday.

  Only Sevilla (27) and Getafe (23) have conceded more goals to Ronaldo than Atletico Madrid.

  Yet, on a Wednesday night in Madrid, the city where he enjoyed such success with Re

al, he was unable to add to his career tally of 22 against the former neighbor.

  For Atletico Madrid, a team that has felt the full force of Ronaldo’s irrepressible scor

ing record during his time at Real, this 2-0 victory in the first leg of the last 16 tie was particularly sweet.

  Two second-half goals from Uruguayan defensive duo Jose Gimenez and Diego Godin secured the advantage for Diego Simeone’s side.

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The UK would be ‘irresponsible’ to let Huawei into 5Gth

  Chinese tech giant Huawei is facing a new attack as it tries to persuade the UK government to let it help build super-fast 5G networks in the country.

  Top British cybersecurity officials are reportedly confident they can manage any risks from Huawei’s telecommunic

ations equipment, but a report published Wednesday by the Royal United Services Institute (RUSI), a top security think tank, said that would be a mistake.

  ”Allowing Huawei’s participation is at best naive, at worst irresponsible,” the report said, sugg

esting such a move could compromise the United Kingdom’s communications infrastructure.

  UK spies think they can handle Huawei in 5G networks. The US doesn’t agree

  The US government is pushing allies around the world to block wireless operators from buying Huawei gear for the 5G networks t

hey’re starting to build. US officials say the company’s technology could be used by Chinese intelligence agencies for spying.

  Huawei and the Chinese government have repeatedly denied the US allegations. Huawei didn’t immediately respond to a request for comment Wednesday.

  The report’s release comes days after the Financial Times reported that the UK’s National Cyb

er Security Centre had concluded the risks of using Huawei equipment in 5G networks could be managed.

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If the UK government approves the use of Huawei techn

  ology in 5G networks, close allies might be less inclined to work with it in the future, the RUSI report warned.

  America’s fight with Huawei is messing with the world‘s 5G plans

  Britain is part of the intelligence-sharing group know

n as Five Eyes, which also includes the United States, Australia, Canada and New Zealand.

  ”The maintenance of a ‘Five Eyes standard’ of cyber security in telecommunications is a vital strategic and secur

ity interest, the loss of which would go far beyond a reduction in intelligence reports exchanged and might lea

d to the UK being excluded from work on developing future technologies for intelligence collection,” the report said.

  It also advised devoting more resources to protecting British universities, where technology of interest to Beijing may be under development.

  ”Ultimately, the United Kingdom’s goal must be genuine reciproc

ity and an equal, mature and comprehensive relationship with China,” the report said.

  Jethro Mullen contributed to this report.

www.ashddd.com

MPs Anne Coffey, Angela Smith, Chris Leslie, Mike Gapes

Luciana Berger, Gavin Shuker and Chuka Umunna announce their resignation from the La

bour Party at a press conference on February 18, 2019 in London, England.

Speaking to the BBC on Tuesday after Ryan’s resignation from the

party, Labour MP Chris Williamson said that he had never known Labour to be “more united

” than it was now, adding it was “regrettable that a minority of MPs” were out of step with the popular mood in the country.

Though many within the party have publicly moved to criticize Ryan’s decision

, her departure will likely fuel concerns that further resignations could follow in the weeks ahead.
In a state

ment after the initial resignations Monday, Corbyn sai

d he was “disappointed that these MPs have felt unable to continue to work together for th

e Labour policies that inspired millions at the last election and saw us increase our vote by the largest share since 1945.”

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hinese Vice Premier Liu He will visit the US on Thursday and

Friday to continue high-level trade negotiations. His new title as Chinese President Xi Jinpi

ng’s special envoy indicates the importance and authoritativeness of the talks. As pre

paration for the event, consultations at vice-ministerial-level between China and the US were recovered on Tuesday.

The world’s stock markets surged Monday due to the optimistic prospects on the deals that Beijin

g and Washington are expected to make. US President Donald Trump praised “big progress” in the

trade deal on Twitter. His words further stoked the stock markets of the US, which reached the highest in two m

onths and so increased pressure on the Trump administration to close the deal with China.

Analysts believe that if the two countries couldn’t come to an agreement, and as a result the US imposes more tariffs on Chinese prod

ucts while China responds with fiercer countermeasures, it would be a catastrophic strike to global stock markets.

In terms of avoiding such blows, the Trump administration is probably the most pres

sured. Thus in general, by the end of the trade negotiations, China and the US have become more psychologically equal.

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