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US inflation was unchanged last month, though core prices accelerated
WASHINGTON (AP) — US inflation was unchanged last month, though core prices accelerated. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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YouTube to begin testing a new AI-powered age verification system in the U.S.
YouTube on Wednesday will begin testing a new age-verification system in the U.S. that relies on artificial intelligence to differentiate between adults and minors, based on the kinds of videos that they have been watching. The tests initially will only affect a sliver of YouTube's audience in the U.S., but it will likely become more pervasive if the system works as well at guessing viewers' ages as it does in other parts of the world. The system will only work when viewers are logged into their accounts, and it will make its age assessments regardless of the birth date a user might have entered upon signing up. If the system flags a logged-in viewer as being under 18, YouTube will impose the normal controls and restrictions that the site already uses as a way to prevent minors from watching videos and engaging in other behavior deemed inappropriate for that age. The safeguards include reminders to take a break from the screen, privacy warnings and restrictions on video recommendations. YouTube, which has been owned by Google for nearly 20 years, also doesn't show ads tailored to individual tastes if a viewer is under 18. If the system has inaccurately called out a viewer as a minor, the mistake can be corrected by showing YouTube a government-issued identification card, a credit card or a selfie. 'YouTube was one of the first platforms to offer experiences designed specifically for young people, and we're proud to again be at the forefront of introducing technology that allows us to deliver safety protections while preserving teen privacy,' James Beser, the video service's director of product management, wrote in a blog post about the age-verification system. People still will be able to watch YouTube videos without logging into an account, but viewing that way triggers an automatic block on some content without proof of age. The political pressure has been building on websites to do a better job of verifying ages to shield children from inappropriate content since late June when the U.S. Supreme Court upheld a Texas law aimed at preventing minors from watching pornography online. While some services, such as YouTube, have been stepping up their efforts to verify users' ages, others have contended that the responsibility should primarily fall upon the two main smartphone app stores run by Apple and Google — a position that those two technology powerhouses have resisted. Some digital rights groups, such as the Electronic Frontier Foundation and the Center for Democracy & Technology, have raised concerns that age verification could infringe on personal privacy and violate First Amendment protections on free speech. Michael Liedtke, The Associated Press 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
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China Evergrande to be delisted from Hong Kong stock exchange following debt woes
HONG KONG (AP) — China Evergrande on Tuesday said it will be delisted from Hong Kong's stock exchange on Aug. 25, more than a year and a half after the city's court ordered the heavily indebted real estate developer to be liquidated in another setback to mainland China's property sector. Evergrande was the world's most heavily indebted real estate developer, with $300 billion owed to banks and bondholders, when the court handed down a liquidation order in January 2024. The court ruled the company had failed to provide a viable restructuring plan for its debts, which fueled fears about China's rising debt burden, and trading of its shares has been halted since the ruling. The city's listing rules stipulate the listing of companies may be cancelled if trading in their securities has remained suspended for 18 months consecutively. China Evergrande Group received a letter Aug. 8 from the city's stock exchange notifying the firm of its decision to cancel the listing as trading had not resumed by Jul. 28. The last day of the listing will be Aug. 22 and Evergrande will not apply for a review of the decision, the company said in a statement. 'All shareholders, investors and potential investors of the company should note that after the last listing date, whilst the share certificates of the shares will remain valid, the shares will not be listed on, and will not be tradeable on the Stock Exchange," the statement said. Evergrande is among scores of developers that defaulted on debts after Chinese regulators cracked down on excessive borrowing in the property industry in 2020. Unable to obtain financing, their vast obligations to creditors and customers became unsustainable. The crackdown also tipped the property industry into crisis, dragging down the world's second-largest economy and rattling financial systems in and outside China. Once among the nation's strongest growth engines, the industry is struggling to exit a prolonged downturn. Home prices in China have continued to fall even after the introduction of supportive measures by policymakers. The Hong Kong court system has been dealing with liquidation petitions against some Chinese property developers, including Country Garden, which is expected to have another hearing in January. Evergrande, founded in the mid-1990s by Hui Ka Yan, also known as Xu Jiayin, had over 90% of its assets on the Chinese mainland, according to the 2024 judgement. The firm was listed in Hong Kong in 2009 as 'Evergrande Real Estate Group' and suspended its share trading on Jan. 29, 2024, closing at 0.16 Hong Kong dollars ($0.02). Hui was detained in China in September 2023 on suspicion of committing crimes, adding to the company's woes. In 2024, the China Securities Regulatory Commission issued a fine of 4.2 billion yuan (about $584 million) against the firm's subsidiary, Hengda Real Estate Group Company, over violations including falsifying financial records. Hui was fined 47 million yuan ($6.5 million) and barred from China's securities markets for life. Some other executives were also penalised Chinese authorities in September 2024 banned the accounting firm PwC for six months and fined the company more than 400 million yuan ($56.4 million) over its involvement in the audit of the collapsed property developer. Kanis Leung, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
