Fiscal pressure sparks retroactive campaign and tougher controls on future offshore capital flowsFinancial Times
Category: Latest
Trump White House Readies AI Framework to Review Security Risks
In a meeting on Tuesday with top artificial intelligence companies, White House officials said the federal government planned to review only certain types of artificial intelligence models for potential security risks and not others, according to four people familiar with the discussions. The A.I. models the government plans to review are known as “closed” models, which do not publish their underlying code and are made by companies like Anthropic and OpenAI, according to three of the people, who spoke on condition of anonymity because the details of the meeting were…
China’s ‘Internet Addiction’ Schools Are Now Locking Up Adults
In March, a 21-year-old music student in Beijing arrived at an apartment complex to teach a piano lesson. Waiting for her were her father, her aunt, and two employees of a private disciplinary institution. Her relatives told her the strangers were police officers investigating a family matter. Instead, they forced her into a vehicle, confiscated her phone, and drove her hundreds of miles to an institution in Henan province, where she spent the next 11 days. According to Southern People Weekly, her parents objected to her romantic relationship and believed…
KMT, TPP Mull Referendums to Go With Taiwan’s Local Elections
Taiwan’s local elections – often referred to as “nine-in-one elections,” due to voting taking place simultaneously for nine different kinds of positions – will soon be upon us, with voting scheduled for the end of November. Alongside the elections, however, a number of referendum issues will also be voted on nationally. The referendums are advanced by the Kuomintang (KMT) and the Taiwan People’s Party (TPP), the opposition parties currently in control of the legislature. However, unlike past referendums, the KMT and TPP will not campaign with the general public for…
‘Cursed island’: the $100bn luxury development hosting tech nomads and scammers
Police raids strike new blow to reputation of Malaysia’s troubled Chinese-backed Forest City project Financial Times
Xi’s Shanghai Tour Offers No Relief for the Housing Crisis
Xi Jinping, president of China and general secretary of the Chinese Communist Party (CCP), traveled to Shanghai in mid-July. While the major reason for his trip was to open an international AI conference, he also had another priority: symbolically addressing concerns related to the distressed property market. Xi began his Shanghai visit with an inspection tour in Huangpu District, the traditional heart of the old city of Shanghai. Huangpu is home to the Bund and its 19th century British-built buildings. Xi met local citizens and CCP officials alike, and made…
Chinese VC firms rush to raise funds after three-year drought
Managers capitalise on investors’ desire to ‘hedge’ against US market betsFinancial Times
The German Auto Industry, a Pillar of the National Psyche, Is Trembling
The centerpiece of Mercedes-Benz’s 140th birthday party in January was a patent application filed in 1886 by an engineer named Carl Benz for a “vehicle with gas engine.” The way Mercedes executives spoke of the handwritten document, which at one point was projected on a large wall on the company campus in Stuttgart, Germany, it might have been a sacred parchment. It not only certifies that Germany is the birthplace of the automobile but also helps explain why the woes of the country’s automakers — Volkswagen, Mercedes and BMW —…
Beijing Protests After New Zealand Minister Insults Chinese-Born Lawmaker
China has lodged a formal protest after New Zealand’s top diplomat told a Chinese-born lawmaker to “go back to your own country,” a comment that has also prompted calls at home for the minister’s dismissal. The foreign minister Winston Peters, leader of the populist New Zealand First party and a longtime political kingmaker in New Zealand, made the remarks during a heated debate in the Parliament in Wellington on Wednesday in a retort to Lawrence Xu-Nan, a Green Party lawmaker whose family had immigrated when he was a child. Responding…
Trouble at lunchtime as Hong Kong private club spat escalates
Golf and Tennis Academy members unhappy that Carlyle & Co members can now use their exclusive Town ClubFinancial Times