World
China bans online media from publishing unverified content
Chinese internet regulators have banned online media from publishing unverified news reports and content from social media, the authorities said.
 
Every news item taken from social media must be verified before publishing.
 
Cyberspace Administration of China (CAC) issued a notice late Sunday stating that news websites must accredit sources, and were banned from fabricating stories or distorting facts, Xinhua news agency reported.
 
The CAC punished some major websites which fabricated stories this year, including sina.com, ifeng.com, 163.com and the site run by one of the country's biggest internet companies, Tencent.
 
In February, a journalist from the Caijing Magazine wrote a story based on fabricated online content describing a village in northeast China where villagers do not respect the elderly and women are promiscuous. The story went viral. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Deepak Narain

5 months ago

This is a welcome step by the Chinese authorities. Anybody writing untrue articles/comments must be held accountable and punished as necessary.

Asset managers retreat from London following Brexit
Asset managers have started their detachment from London following Britain’s historic vote to leave the European Union (EU), with fund companies finalising plans to reduce their reliance on the capital city.
 
M&G, Columbia Threadneedle, Legg Mason, Fidelity International and T Rowe Price have all outlined intentions to move staff out of London or set up fund ranges in neighbouring EU countries in fear of being locked out of European fundraising, the Financial Times reported on Sunday.
 
No asset manager has yet announced it will shift its headquarters away from the city but the retreat has prompted the Investment Association, the London-based trade body for Britain-based asset managers, to hold a special meeting with its members on Tuesday to tackle the fallout from the vote.
 
Investment companies based in the UK manage 5.5 trillion pounds of assets and employ 35,000 people. Another 25,000 staff work for related entities.
 
Fidelity International, which opened its office in London in 1973 and manages 190 billion pounds of assets, has announced it will move 100 staff to Ireland but said the shift was planned before the UK referendum result. It already employs 65 staff in Dublin.
 
“London has a lot to lose and although it is too early to properly assess what damage the Out vote might have on the city, it is clear people have started making plans to do business elsewhere. Rival centres are on high alert,” the chief executive of a large UK-based asset manager said.
 
On June 24, Britain voted to exit the EU in a historic referendum after being a member of the bloc since 1973.
 
It is the first nation to exit the now 27-member bloc.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Modi to reshuffle cabinet on Tuesday
Prime Minister Narendra Modi is all set to reshuffle his council of ministers on Tuesday, a government official announced on Monday.
 
"Cabinet expansion tomorrow (Tuesday) at 11 a.m.," Principal spokesperson and Director General of Press Information Bureau, Frank Noronha said in a tweet.
 
There were speculation of a cabinet reshuffle since the Prime Minister met his council of ministers here on June 30 and reviewed important projects and works of various ministries.
 
Modi had earlier met Bharatiya Janata Party (BJP) President Amit Shah and Finance Minister Arun Jaitley to discuss the issue.
 
It will be a first major ministerial reshuffle after Modi took over as the Prime Minister in May 2014.
 
In the possible reshuffle and expansion of his council of ministers, the Prime Minister is likely to keep regional balances especially in view of coming elections in key states like Uttar Pradesh, Uttarakhand and Punjab.
 
The reshuffle of the union council of ministers could actually also coincide with an organisational shape up in the BJP.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Venugopalan S

5 months ago

Truth should come out.

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