
China youth jobless rate drops to 11-month low in May
BEIJING, June 17(Reuters) - The jobless rate for 16 to 24-year-olds in China, excluding college students, dropped to an 11-month low of 14.9% in May, data from the National Bureau of Statistics showed on Wednesday.
The unemployment rate for 25 to 29-year-olds, excluding students, also slid slightly to 7.0% from 7.1% a month earlier, the data showed.
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Daily Mail
32 minutes ago
- Daily Mail
Check your phone NOW: Major mobile brand will delete thousands of accounts within weeks - how to check if you're affected
If you're a smartphone user, urgent action may be needed to avoid losing your personal data. Samsung has warned customers that they have only weeks to save their Samsung account from deletion. The free membership service lets people view and manage content across smartphones, tablets, TVs and more. If affected users don't act fast, important data such as photos, videos, contacts, calendar events could be lost for good. But even iPhone users can be affected too – if they previously used a Samsung phone. The Korean tech giant said the 'important changes' to its policy leaves many Samsung account 'subject to deletion'. 'Accounts and data that are deleted cannot be restored,' it warns. Here's how to check if you're affected – and the steps you'll need to take. In an email being sent to users, Samsung said its new policy is effective from July 31 – in just over six weeks' time. The policy will delete Samsung accounts that have been inactive for two years. The message reads: 'Thank you for using Samsung account. 'We are writing to inform you of important changes related to using your Samsung account. 'Samsung is implementing an inactive Samsung account policy to protect the data of users who have not used their account for an extended period of time. 'Once this policy is implemented, Samsung accounts that have not been logged in to or used for twenty-four (24) months will be considered inactive and will be subject to deletion. 'If an account is deleted, access to the account will be restricted and all data linked to the account will be deleted.' It adds that deleted accounts and data cannot be restored, although some may be saved in 'accordance with local legal requirements and applicable legislation'. For those people who haven't used their Samsung Account for a while, it might be worth doing so as soon as possible What is a Samsung account? A Samsung account is a membership service that lets people use Samsung content on smartphones, tablets, TVs and more. It includes access to services such as Samsung Pay for mobile payments, Samsung Cloud for backing up data and SmartThings for connecting devices. People can use multiple Samsung services with one Samsung account, without having to register for each service separately. A Samsung account includes access to services such Samsung Cloud, which stores personal data including photos, videos, contacts, calendar events and more. It also includes Samsung Health details, Samsung Pay for mobile payments and SmartThings for managing connective devices, like TVs and fridges. So there's potentially a lot of personal data at risk of being lost forever if Samsung customers don't act soon. If you're a regular Samsung account user anyway, you needn't worry about the company's new policy. For those who haven't used theirs for a while, the problem can be averted by logging into your Samsung account. This can be done by tapping on the Settings app on your Samsung device, followed by a banner on the top that reads 'Sign in to your Galaxy'. You'll then be prompted to enter your email address and your password (or you can sign in with your Google account). Alternatively, on a desktop you can head to click 'Sign in' and then enter your email address and password likewise. Logging into your Samsung account, or using a service/product while logged in to a Samsung account, counts as activity that will save it from being deemed 'inactive'. If you use an iPhone but used to be a Samsung user, it might be worth turning on your old smartphone (if you have it) and logging into Samsung account. That way, your old personal data under your Samsung account such as photos and videos will be saved. If you cannot see the email from Samsung in your inbox, you probably logged into your Samsung account recently – but it would be risky to leave it too long before doing so in the future. Samsung will likely send further email warmings as it gets closer to the July 31 deadline before the policy is implemented. 'Notifications will be sent to your email address before your account is deleted to prevent unwanted deletion,' it adds. It follows a similar move from Google, which started deleting inactive accounts in December 2023. Samsung's full email to users Dear Customer, Thank you for using Samsung account. We are writing to inform you of important changes related to using your Samsung account. Samsung is implementing an inactive Samsung account policy to protect the data of users who have not used their account for an extended period of time. Once this policy is implemented, Samsung accounts that have not been logged in to or used for twenty-four (24) months will be considered inactive and will be subject to deletion. If an account is deleted, access to the account will be restricted and all data linked to the account will be deleted. Accounts and data that are deleted cannot be restored. However, some data may be retained in accordance with local legal requirements and applicable legislation. Policy effective date: 31 July 2025 Key details of policy: Deletion of Samsung accounts that have been inactive for twenty-four (24) months. Samsung defines account usage/activity as follows: Creating a Samsung account Logging in to Samsung services/products using a Samsung account Using a service/product while logged in with a Samsung account To prevent your account from being deleted, and to ensure proper use of Samsung Services, your account must have at least one usage/activity every twenty-four (24) months. However, there are some exceptions to this policy and accounts that meet at least one of the exceptions will be considered active. Exceptions include, registered family accounts, accounts with a record of accumulating/using reward points, and accounts used to purchase products on You can see the complete list of exceptions here. Notifications will be sent to your email address before your account is deleted to prevent unwanted deletion. In addition, we are making a change to how we notify you about updates to our Terms and Conditions. Moving forwards, we will notify you via email only when material changes are made, those that directly affect your rights and obligations. If you need help with your Samsung account, please contact the Help Center at Thank you.

Finextra
32 minutes ago
- Finextra
Bitget targets high-frequency crypto traders with Pro-Mode
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of Bitget PRO, a new program designed to support institutional and VIP trading needs. 0 Built to meet the operational requirements of high-volume market participants, the program delivers an optimized trading environment with access to lower fees, better interests, custody and loan services along with higher API frequency limits, and increased withdrawal limits. These enhancements aim to facilitate efficient capital deployment and support complex trading strategies across various market conditions. As for the eligibility criteria, Bitget PRO requirements are automated, making qualifying traders gain easy access to its benefits. The cutoff for qualification occurs automatically at 9:00AM (UTC+8) daily, with varying benefits and fees according to the different PRO levels. PRO 1 requires 20% of users' trading volume from the past 30-days to come from API trades. Conversely, users who do not meet these criteria will revert to VIP status. Bitget also offers market-making and broker programs, providing additional opportunities for users to engage with the platform's ecosystem. 'Institutional traders are increasingly driving the momentum of crypto's adoption, shaping its narrative through scale, precision, and strategy. Bitget PRO is built to serve as the home base for crypto's top-tier participants—offering advanced security and a playground to experiment with products that match the evolving demands of high frequency traders,' said Gracy Chen, CEO at Bitget. Bitget PRO is an extension of VIP offerings. While the VIP tier is structured for manual and retail traders, the PRO program is engineered for institutional-grade trading via APIs. PRO users benefit from technical advantages including increased rate limits, priority access to technical operations support, and direct engagements with Bitget's API team for ongoing optimization. Besides higher API rate limits, Bitget PRO users will also unlock institutional loan programs, higher withdrawal limits, a secure private link connection as well as more sub accounts, further adding The new program will unlock a more efficient trading experience for high volume trading, aligning with Bitget's goal of serving institutional clients and VIP traders at scale. Earlier this year, Bitget introduced an Institutional Lending service with up to 5x leverage on spot trading and plans to extend it to derivatives. The platform also upgraded its OTC services and partnered with custodians like Cobo and Fireblocks to enhance security and support. Additionally, Bitget improved its Unified Accounts feature, enabling live trading across multiple pairs within a single account for advanced traders. These steps show Bitget's strategic plans in providing a comprehensive, institution-ready trading ecosystem. Bitget PRO marks the latest development in Bitget's efforts to provide infrastructure suited for the next era of digital asset trading. As institutional participation in crypto markets deepens, Bitget remains focused on delivering tools and services that align with the requirements of programmatic, high-frequency, and high-volume traders.


Reuters
35 minutes ago
- Reuters
LME's new Hong Kong warehouses attract strong interest for metal deliveries, LME CEO says
LONDON, June 18 (Reuters) - The London Metal Exchange's new warehouses in Hong Kong are seeing strong interest for metal deliveries before they go live next month, partly due to the current tightness in the copper market, the CEO of the exchange said on Wednesday. Last month, the LME approved three more warehouses in Hong Kong, taking the total to seven, as it increases its presence in the city that is the gateway to the world's biggest metals consumer, China. Hong Kong's higher costs have raised questions about the viability of the new storage facilities compared with other sites in Asia like Korea or Malaysia. "They can put metal into the warehouses, but it won't show up on our numbers yet because the location isn't live until the 15th (of July)," LME Chief Executive Matthew Chamberlain told Reuters on the sidelines of the International Derivatives Expo. "My understanding is there is quite a lot of interest in getting some metal in there before then." Getting approval for warehouses in China to store LME-traded metal has been a strategic goal since Hong Kong Exchanges and Clearing ( opens new tab bought the LME in 2012. The exchange, the world's oldest and largest market for industrial metals, would still like to open registered warehouses in mainland China, but that would depend on approval by the Chinese authorities, Chamberlain said. "But ultimately it's for mainland policymakers to decide whether or not they want LME warehouses." However, in Hong Kong there was a good spread of locations to service various types of customers, including several near the northern border with Shenzhen and the mainland, he said. "They'll be able to service Chinese metal owners who, for example, want to put copper into a warehouse, truck it down just over the border into the new territories, put it into a warehouse," Chamberlain said. "That's obviously extremely relevant right now with the copper tightness... It will allow people to deliver into those backwardations more effectively." Falling stocks in LME-registered warehouses have created a backwardation, or premium for nearby contracts against those with longer maturities . Copper stocks in LME registered warehouses at 107,350 tons have dropped 60% since March and are at their lowest since May 2024.