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[1/6] Home buyers stand inside an unfinished residential building of the Gaotie Wellness City complex in Tongchuan, Shaanxi province, China September 12, 2023. "I almost never drink water, wash my face or brush my teeth," said Shi, 39, who moved into the Gaotie Wellness City complex in May. I have no money now, I've lost my family property and all that's left is this unfinished building." Tongchuan city government and China's housing ministry did not immediately respond to a request for comment. To enter the complex, residents pick their way through an overgrown field, past abandoned construction machinery to a hole in the wall.

Persons: Tingshu Wang, Shi Tieniu, Shi, I've, I'm, Gao, Qi Xiaoxia, we've, Laurie Chen, Xiaoyu Yin, Lincoln Organizations: Gaotie Wellness, REUTERS, UBS, Tongchuan, Reuters, Buyers, Country, Thomson Locations: Tongchuan, Shaanxi, China, China's Shaanxi

☆ Fuel Prices Are Soaring. Who Is Feeling the Pinch?
▼ + stars: | 2023-09-14 | by ( Bob Henderson | ) www.wsj.com time to read: 1 min

Inflation fell every month for a year, but in July that trend ended with housing prices rising along with the prices for oil and gas. WSJ’s Dion Rabouin digs into August’s CPI inflation report and explains what’s really happening with prices. Photo: Stefani Reynolds/Agence France-Presse/Getty ImagesRising diesel prices are inflating the bills Brett McMahon is getting from the companies that truck in the plywood, rebar and other supplies his concrete-contracting business needs. Asking his clients to renegotiate contracts to ease that pain, he said, has been “hit or miss.”

Persons: Dion Rabouin, Stefani Reynolds, Brett McMahon, ” Organizations: Agence France

☆ Mapping Where Floods Have Devastated a Libyan Port City
▼ + stars: | 2023-09-12 | by ( Lauren Leatherand Lazaro Gamio | Lazaro Gamio | ) www.nytimes.com time to read: +1 min

A view of Derna, a city on the coast of Libya that suffered catastrophic flooding. Esam Omran Al-Fetori/ReutersMapping Where Floods Have Devastated a Libyan Port CityThe layout of the city of Derna, on the northeastern coast of Libya, amplified the extreme damage wrought by flooding there over the weekend. The floods have killed at least 2,300 people, according to a Libyan ambulance and emergency services department, and 10,000 more are believed to be missing. As the port city was inundated by Storm Daniel, which made landfall in Libya on Sunday, riverbanks swelled, bridges were washed out and two dams farther up the wadi burst, adding their waters to the deluge. Al Sahaba Mosque Wadi Collapsed bridge To Mediterranean Wadi Collapsed bridge Al Sahaba Mosque To Mediterranean Wadi Collapsed bridge Al Sahaba Mosque To Mediterranean Agence France-Presse — Getty Images

Persons: Omran, Storm Daniel Organizations: Port, Agence Locations: Libya, Port City, Derna, Libyan, Benghazi, Al Sahaba, Agence France

[1/2] Indigenous Sami activists set up a lavvo, a Sami tent, outside the Norwegian parliament in protest against two wind farms built on Sami reindeer pastures, in Oslo, Norway September 11, 2023. REUTERS/Gwladys Fouche Acquire Licensing RightsOSLO, Sept 11 (Reuters) - An Indigenous Sami activist set up camp outside the Norwegian parliament on Monday to protest against wind turbines built on land traditionally used by Sami reindeer herders, saying he will stay there as long as the turbines remain in place. Norway's supreme court in October 2021 ruled that two wind farms built at Fosen in central Norway, part of Europe's largest onshore wind farm, violated Sami rights under international conventions. "I believe that there is only one solution and that is to tear down the wind turbines at Fosen." About Monday's protest, Aasland said "the right to free expression is a founding democratic right I have great respect for".

Persons: Gwladys, Mihkkal Haetta, Greta Thunberg, Terje Aasland, Aasland, Gwladys Fouche, Hugh Lawson Organizations: REUTERS, Rights, Reuters, and Energy, Thomson Locations: Oslo, Norway, Rights OSLO, Sami, Fosen, Norwegian

☆ Eiffel Tower lights to go dark in tribute to Morocco quake victims
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: 1 min

PARIS, Sept 9 (Reuters) - The Eiffel Tower's lights will go dark at 11 p.m. (2100 GMT) on Saturday in tribute to victims of Morocco's earthquake, Agence France Presse reported, citing Paris City Hall. Morocco's Interior Ministry said earlier that 1,037 people had been killed and another 672 injured by the quake, recorded by the U.S. Geological Survey at a magnitude of 6.8 with an epicentre some 72 km (45 miles) southwest of Marrakech. Reporting by Dominique Vidalon; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Dominique Vidalon, Alexander Smith Organizations: Agence France Presse, Paris City Hall, U.S . Geological, Thomson Locations: Marrakech

As the death toll from the powerful earthquake in Morocco rose on Saturday, questions mounted about the vulnerability of buildings in the seismically active North African country. Moroccan architects said that the hardest-hit areas were rural zones with many earthen houses that were unable to withstand the shaking. “Given the state of the buildings in the country, this death toll was kind of expected,” said Anass Amazirh, an architect in the northern city of Casablanca. Image Rescue workers searching for survivors in a collapsed house in Moulay Brahim, in Morocco’s Al Haouz Province, on Saturday. “These more extreme risks occur regularly in other countries,” the report said, “and Morocco cannot avoid taking them into account.”

Persons: “, ”, Anass Amazirh, Omar Farkhani, Fadel Senna, Mr, Farkhani, Al Hoceima, Al, Haouz, Amazirh Organizations: Morocco’s, of Architects, ., Agence France, Moroccan, Organization for Economic Cooperation, Development Locations: Marrakesh, Morocco, Moroccan, Casablanca, Al Haouz, Moulay Brahim, Morocco’s Al Haouz Province, Al, Al Hoceima, “

Mapping the Damage from the Earthquake in MoroccoAn earthquake, which had a magnitude of at least 6.8, struck Morocco on Friday night, killing more than 1,000 people and devastating a region where many vulnerable buildings were unable to withstand the shaking. Shake intensity Very strong Moderate Fes Rabat Meknes Casablanca Safi MOROCCO Marrakesh Essaouira Epicenter Ouarzazate Agadir MOROCCO ALGERIA Shake intensity Very strong Moderate Rabat Casablanca MOROCCO Safi Marrakesh Essaouira Epicenter Ouarzazate Agadir MOROCCO ALGERIA Fes Rabat Shake intensity Meknes Very strong Moderate Casablanca Safi MOROCCO Marrakesh Essaouira Epicenter Ouarzazate Agadir MOROCCO ALGERIA Sources: U.S. Geological Survey (earthquake intensity); WorldPop (population data)The epicenter was about 35 miles west of Oukaimeden, a popular ski resort in the High Atlas Mountains, according to the United States Geological Survey. Rubble filled alleyways in Marrakesh, a UNESCO World Heritage site, and houses were flattened in villages in the countryside. About 3 million more people experienced moderate shaking. Fadel Senna/Agence France-Presse — Getty ImagesAlthough much of southern Morocco, where the quake struck, is rural, the region’s cities and towns are often very densely populated.

Persons: Fadel Senna Organizations: Rabat, . Geological Survey, United States Geological Survey, UNESCO, New York Times, U.S . Geological Survey, MOROCCO MOROCCO Oulad, Agence France Locations: Morocco, Fes Rabat Meknes Casablanca, MOROCCO Marrakesh, Agadir MOROCCO ALGERIA, Rabat Casablanca MOROCCO Safi Marrakesh, Agadir MOROCCO ALGERIA Fes Rabat, Meknes, Casablanca Safi MOROCCO Marrakesh, Oukaimeden, Marrakesh, U.S, WorldPop, Ourir, MOROCCO MOROCCO, MOROCCO MOROCCO Oulad Berhil, MOROCCO, Moroccan

☆ Africa’s Vast Solar and Mineral Resources at Risk of Being Left Untapped, IEA Warns
▼ + stars: | 2023-09-06 | by ( Will Horner | ) www.wsj.com time to read: +6 min

Energy investment in Africa needs to more than double by the end of the decade if the continent is to meet its energy and climate goals. “Energy investment on our continent has fallen short,” wrote William Ruto, president of Kenya, in the report’s foreword. Photo: Lucien Kahozi/Bloomberg NewsAll of these are pushing up the cost of capital which makes many African energy projects financially unviable despite ample local resources and proven technologies such as wind or solar power, the report said. PREVIEWCurrently, 600 million people across Africa lack access to electricity and almost one billion have no access to clean cooking fuels. African nations are seeking redress for the effects of climate change they experience despite contributing little to carbon emissions, the main driver of global warming.

Persons: ”, Fatih Birol, simon maina, William Ruto, Lucien Kahozi, Will Horner, william.horner@wsj.com Organizations: International Energy Agency, African Development Bank, IEA, Agence France, West, “ Energy, Democratic, Bloomberg, Sustainable Business, Africa Climate Locations: Africa, Paris, ” Africa, China, Kenya, Democratic Republic of Congo, Ukraine, Nairobi

☆ How Better Tech Could Save Lives in a World of Bigger, Faster, More Devastating Fires
▼ + stars: | 2023-09-02 | by ( Christopher Mims | ) www.wsj.com time to read: 1 min

How Better Tech Could Save Lives in a World of Bigger, Faster, More Devastating Fires We can already detect fires from space, soon after they start. Here’s why we don’t yet have a nationwide system for alerting us when they do—but could someday. A firefighting helicopter made a water drop while firefighters worked to combat the fire that devastated Lahaina, Hawaii, last month. patrick t. fallon/Agence France-Presse/Getty Images

Persons: patrick Organizations: fallon, Agence France Locations: Lahaina, Hawaii

☆ Gabon coup: How France's neo-colonial empire in its former territories is disintegrating
▼ + stars: | 2023-09-01 | by ( Stephanie Busari | ) edition.cnn.com time to read: +10 min

A torn campaign billboard shows ousted Gabon President Ali Bongo Ondimba in Libreville on August 31, 2023. AFP/Getty ImagesPropping up ‘democratic dictators’Whilst the international community has condemned the coup in Gabon, it has not attracted the same vehement criticism that last month’s coup in Niger did. French Prime Minister Elisabeth Borne said France was watching the coup d’etat in Gabon “with the utmost attention.”It presents a challenge to France. Large crowds supporting the coup gathered Sunday near the French military base in Niamey, with demonstrators displaying signs demanding French troops withdraw. “The systems of government that former French colonies have, which were imposed by Paris are no longer fit for purpose.

Persons: Leon, Charles de Gaulle, Gaulle, Bongo, jubilation, General Brice Oligui Nguema –, Bongo’s, Nourredin Bongo Valentin, ”, Ali Bongo Ondimba, ’, Oluwole, Elisabeth Borne, Chris Ogunmodede, that’s, Paul Biya, Ogunmodede, ” Ogunmodede, …, ” Ojewale, “, Ndongo Samba Sylla, Emmanuel Macron, Macron Organizations: CNN, Military, Gabonese, Agence France, Presse, Gabon, Getty, Institute of Security Studies, autocrats, Central African, CFA, Banque de France, “, Macron Locations: Gabon, France, Gabon’s, Libreville, AFP, Niger, Gabonese, West, Central Africa, Mali, Senegal, Dakar, ”, Niamey, Paris, Congo Brazzaville, Equatorial Guinea, Cameroon, Switzerland, Africa, Russia, Commonwealth, Togo, Macron France, Nigeria, “ Africa

☆ Gabon military coup: What to know about the overthrow of the Bongo dynasty
▼ + stars: | 2023-08-31 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

International leaders have expressed concern and condemnation of the coup, some warning their citizens in Gabon to shelter in place. The military’s power grab began Wednesday, shortly after Gabon’s election authority said Bongo had been re-elected president following last weekend’s election. People celebrate following a military coup in Libreville, Gabon, on August 30. Coups in Africa were rampant in the early postcolonial decades, with coup leaders offering similar reasons for toppling governments: corruption, mismanagement and poverty, according to political analyst Remi Adekoya. The Gabon coup has been widely criticized by other African nations and in the West.

Persons: –, Ali Bongo Ondimba, Ali Bongo, Bongo, ”, president’s, Noureddin Bongo Valentin, Brice Oligui Nguema –, Bongo’s, Oligui, Gerauds Wilfried Obangome, “, Brice Oligui Nguema, there’s, Omar Bongo, Gabon's, Omar Bongo Ondimba, Nicolas Sarkozy, Frederic SOULOY, Ali Bongo’s, Remi Adekoya, Moussa Faki Mahamat, Ali, General Antonio Guterres, Guterres, Matthew Miller Organizations: CNN, Agence France, Presse, ” Residents, Bongo PDG, Reuters, Gabonese, Gabon Wednesday, African Union, ” United Nations, US State Department Locations: African, Gabon, Libreville, Ayong, Gabonese, Dakar, Senegal, Span, France, United States, Paris, Africa’s, Mali, Guinea, Burkina Faso, Chad, Niger, Tunisia, Africa, West, United Kingdom, Spain

Jens Eskelund, President of the European Union Chamber of Commerce in China, attends an interview with Reuters in Beijing, China August 21, 2023. REUTERS/Florence Lo/File Photo Acquire Licensing RightsBEIJING, Aug 30 (Reuters) - The European Union Chamber of Commerce in China said on Wednesday that it would not use the term "uninvestable" to describe China, in response to a comment from the United States. U.S. Commerce Secretary Gina Raimondo said late Tuesday American firms had increasingly used the term to describe China, prompting Beijing to defend its business practices and approach to foreign investment. "‘Uninvestable’ is not a term we would use to describe China," Jens Eskelund, president of the EU chamber, said in an emailed response to questions from Reuters on Raimondo's remarks. Reporting by Laurie Chen; Writing by John Geddie; Editing by Muralikumar Anantharaman, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Jens Eskelund, Florence, Gina Raimondo, Raimondo, Eskelund, Laurie Chen, John Geddie, Muralikumar Anantharaman, Robert Birsel Organizations: European Union Chamber of Commerce, Reuters, REUTERS, Rights, U.S . Commerce, EU, Thomson Locations: China, Beijing, Rights BEIJING, United States, Europe

[1/2] British Foreign Secretary James Cleverly and Chinese Vice President Han Zheng attend a meeting at the Great Hall of the People in Beijing, China August 30, 2023. "We are clear-eyed about the areas where we have fundamental disagreements with China and we raise those issues when we meet," he told broadcasters. China Vice President Han Zheng told Cleverly at their meeting that he hoped the two countries could make new advances in their relations. Cleverly's visit to China comes as other countries in the West also try to improve their relations with the country. U.S. Commerce Secretary Gina Raimondo is on a four-day visit in China but warned that U.S. companies have complained to her that China has become "uninvestible".

Persons: James, Han Zheng, Florence Lo, Wang Yi, Liz Truss, Conservative Alicia Kearns, Gina Raimondo, Han, Sarah Young, Laurie Chen, Kate Holton, Elizabeth Piper, Conor Humphries Organizations: of, People, REUTERS, Rights, Conservative Party, China, British, Conservative, . Commerce, Thomson Locations: Beijing, China, Rights BEIJING, London, British, CHINA, Taiwan, Taipei, West

☆ Usain Bolt: The story behind one of athletics’ most iconic images
▼ + stars: | 2023-08-27 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +4 min

CNN —In 2013, Usain Bolt had the world at his feet. By the time the World Championships rolled round to Moscow in 2013, Bolt had achieved an almost mythical status on the track. Morin continued: “Bolt, bolt – I made the relation right away, of course. The pair reunited two years later during the World Championships in Beijing and discussed the image. Bolt celebrates on the podium with his gold medal for the 100m at the 2013 World Championships.

Persons: Usain Bolt, Bolt, Olivier Morin, Lightning Bolt Morin, “, ” Morin, Morin, ”, ‘, ’, Paul Gilham Organizations: CNN, Agence France Presse, CNN Sport, Getty Locations: Beijing, Moscow, Russian, French, AFP

☆ French government to spend $216 million to destroy excess wine as younger consumers drink less alcohol
▼ + stars: | 2023-08-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

The French government hopes to shore up the country's wine industry by purchasing excess wine. The excess wine will be turned into industrial alcohol used in hand sanitizer or cleaning products. France's wine industry has seen a change in consumption habits, with less people drinking red wine. The impacts of COVID and the high cost of living have contributed to the country's wine industry woes. Between 2005 and 2021, France has seen wine consumption decrease from 33.5 million hectoliters to 25.2 million hectoliters — about a 25% decrease, according to Statista.

Persons: Food Marc Fesneau, Susie Goldspink Organizations: Service, French, of Agriculture, Food, EU, Agence France, Bloomberg, European Commission, Guardian Locations: Wall, Silicon, Presse, Europe, Italy, Spain, Germany, Portugal, France, AFP

A smartphone with Meta logo is seen in front of displayed Facebook's new rebrand logo Meta in this illustration taken, October 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Meta Platforms Inc FollowOSLO, Aug 23 (Reuters) - Meta Platforms (META.O) is breaking European data privacy rules in Norway, the country's data regulator told a court on Wednesday, in a case that could have wider European implications. The fine is valid as Meta is not respecting European General Data Protection Regulation (GDPR), said Hanne Inger Bjurstroem Jahren, a lawyer representing the regulator, Datatilsynet. "There is no discussion on whether the company is in violation of these rules ... Today Meta breaks GDPR rules," she told the court, speaking on the last day of a two-day hearing. Datatilsynet could make the fine permanent by referring its decision to the European Data Protection Board, which has the power to do so, if it agrees with the Norwegian regulator's decision.

Persons: Dado Ruvic, Meta, Instagram, Hanne Inger Bjurstroem Jahren, Datatilsynet, Gwladys, Tomasz Janowski Organizations: REUTERS, Big Tech, Facebook, Data Protection, Meta, European Data Protection, European, Thomson Locations: Norway, Norwegian, Europe

[1/5] Workers walk out of a construction site of residential buildings by Chinese developer Country Garden, in Tianjin, China August 18, 2023. Both sites are run by Country Garden, China's largest developer by sales volume before this year, now mired in a debt crisis threatening to spill over to the wider economy. Once considered one of the more financially sound developers, Country Garden is now a bellwether of how the cycle has turned for developers. Country Garden built its success by quickly selling a large number of units for low margins and by promising "five-star living" in less popular, smaller cities. Tianjin has about a dozen Country Garden projects, with the majority finished and delivered, said Gao Fei, investment advisory manager at the Tianjin branch of Centaline Property Agency.

Persons: Tingshu Wang, Wang, Wei, Gao Fei, Gao, Laurie Chen, Clare Jim, Sumeet Chatterjee, Sonali Paul Organizations: Workers, REUTERS, Rights, Reuters, Construction, Nomura, Centaline Property Agency, Thomson Locations: Tianjin, China, Rights TIANJIN, HK, Beijing, Shenyang Tengyue, Centaline, Hong Kong

☆ A dissident who mocked Xi Jinping online fled China on a jet ski, crossing 180 miles of sea to reach South Korea
▼ + stars: | 2023-08-23 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

He used a jet ski and a compass to get to the South Korean city of Incheon, per AFP. "He refilled the petrol on the ride and dumped the empty barrels into the sea," said the Korea Coast Guard on Tuesday, according to AFP. Kwon is now considering whether to apply for refugee status in South Korea, which only grants asylum to only a limited number of refugees each year. "While his means of entry into South Korea in violation of the law was wrong, surveillance of the Chinese authorities and political persecution of Kwon since 2016 are behind his life-risking crossing into South Korea," Lee told the news agency. The Incheon Korea Coast Guard Station was unable to be reached for comment because it was outside of office hours.

Persons: Xi Jinping, Kwon Pyong, Xi, Lee Dae, Kwon, Lee Organizations: AFP, Service, Agence France, Presse, Dialogue China, Korea Coast Guard, South Korea Korea Coast Guard, Coast Guard, Incheon Korea Coast Guard Locations: China, Korean, Incheon, Wall, Silicon, South Korea, Shandong, AFP, South

[1/2] Pedestrians walk on an overpass near skyscrapers at the Central Business District (CBD) in Beijing, China August 21, 2023. China's prolonged economic slowdown this year comes amid weakening demand both at home and globally, a property crisis and rising unemployment. "China will continue to expand market access, comprehensively optimise the business environment ... and protect the rights and interests of entrepreneurs in accordance with the law." Eskelund, who is also Chief Representative for Danish shipping giant Maersk in Greater China and Northeast Asia, said: "I think China is evolving. This has come as European leaders have also emphasised derisking their economic ties with China.

Persons: Florence Lo, Jens Eskelund, crackdowns, Eskelund, Valdis, Laurie Chen, Shri Navaratnam Organizations: Central Business, REUTERS, European Chamber of Commerce, Reuters, China ., China . European Union, Thomson Locations: Beijing, China, BEIJING, Greater China, Northeast Asia, Danish, China . European

☆ Elaine Yu — Reporter at The Wall Street Journal
▼ + stars: | 2023-08-19 | by ( Elaine Yu | ) www.wsj.com time to read: 1 min

Elaine YuElaine Yu is a financial reporter for The Wall Street Journal’s Hong Kong bureau. She has covered topics ranging from cryptocurrencies and casinos to business and political developments in Hong Kong and China. Elaine was previously a correspondent for Agence France-Presse, and has written for publications including the New York Times, the New Yorker, the Intercept and the Columbia Journalism Review. Her work has been recognized by a New York Press Club Award and named a finalist for the Mirror Awards.

Persons: Elaine Yu Elaine Yu, Elaine Organizations: Agence France, Presse, New York Times, Yorker, Columbia, New York Press Locations: Hong Kong, China

☆ ESG’s Long History: 1700s to Today
▼ + stars: | 2023-08-19 | by ( David Uberti | ) www.wsj.com time to read: 1 min

1999U.N. Secretary-General Kofi Annan urges business leaders to adopt socially responsible policies at a time of rapid globalization. “The spread of markets outpaces the ability of societies and their political systems to adjust to them, let alone to guide the course they take,” he says at the World Economic Forum. Nicolas Asfouri/Agence France-Presse/Getty Images

Persons: General Kofi Annan, ”, Nicolas Asfouri Organizations: General, Economic, Agence France

The fund is one of a growing number investors and policymakers pushing to put more women in company boardrooms. Its latest move comes as the fund takes stock of its ESG engagement with companies so far this year. This year for the first time the fund analysed the structure of all U.S. pay packages above $20 million to see if they aligned with long-term value creation. As a result of its analysis, the fund voted against more than half of pay packages above this level, the report showed. The fund voted against the pay of Coca-Cola's (KO.N) James Quincey, Apple's (AAPL.O) Tim Cook and PepsiCo's (PEP.O) Ramon Laguarta, the fund's voting record showed.

Persons: Carine Smith Ihenacho, Smith, Smith Ihenacho, James Quincey, Apple's, Tim Cook, Ramon Laguarta, Gwladys, Jane Merriman Organizations: ARENDAL, Reuters, Coca, Reuters Graphics Reuters, Thomson Locations: Norway, boardrooms, United States, Europe, Japan, Arendal

Economists say China needs measures to boost consumption and business confidence, such as tax cuts or government-funded consumption vouchers, but add that unlike previous slowdowns, there is no quick fix. Wang's comments came after weak economic activity data on Tuesday fuelled concern that China is heading for a deeper, longer slowdown. The private sector accounts for 60% of gross domestic product and 80% of urban employment, officials say. But there is a growing disconnect between officials calling for investment and a sweeping national security crackdown that is denting business confidence, diplomats in China say. One example was a recent anti-espionage law, accompanied by raids on some foreign consultancy firms, that sent waves of anxiety through the foreign business community.

Persons: Xi Jinping, Tingshu Wang, Joe Biden, Biden, Xi, Christopher Beddor, Wang Wenbin, Wang's, Lee Smith, Baker Donelson, Xu Chenggang, Xu, Laurie Chen, Yew Lun Tian, Martin Quin Pollard, John Geddie, Robert Birsel Organizations: REUTERS, Rights, GAP, State, U.S . Department of Commerce, Stanford University's Center, Chinese Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, U.S, loggerheads, Taiwan

Construction workers take a nap in front of a wall of a construction site during their lunch break in Beijing, China, May 5, 2015. REUTERS/Kim Kyung-Hoon /File PhotoAug 15 (Reuters) - China suspended publication of its youth jobless data on Tuesday, saying it needed to review the methodology behind the closely watched benchmark, which has hit record highs in one of many warning signs for the world's second-largest economy. Fu Linghui, a spokesman for the National Bureau of Statistics (NBS), said the release of data would be suspended while authorities look to "optimise" collection methods. "The declining availability of macro data may further weaken global investors' confidence in China," said Ting Lu, chief China economist at Nomura, adding that youth unemployment was expected to have risen in July. The most recent NBS data on youth unemployment, published last month, showed the jobless rate jumping to a record high of 21.3% in June.

Persons: Kim Kyung, Fu Linghui, Fu, Ting Lu, Tuesday's, Laurie Chen, Albee Zhang, Muralikumar Anantharaman, Sam Holmes, Gerry Doyle Organizations: REUTERS, National Bureau of Statistics, Nomura, China News Service, Thomson Locations: Beijing, China, Weibo

Norway wealth fund CEO Nicolai Tangen poses for a picture before a news conference held at the Norwegian central bank in Oslo, Norway January 31, 2023. The fund invests in 9,200 firms worldwide, for which it sets expectations on a range of issues, from children's rights to climate change. When talking to firms about responsible AI, the fund will concentrate particularly on the healthcare, finance and large tech sectors, because their use of the technology will have an especially strong impact on consumers. "They have to take responsibility for their development and use of AI," said Smith Ihenacho, adding the fund had already discussed AI with the large U.S. tech companies in its portfolio. In July, U.S. AI companies made voluntary commitments to the White House to implement measures such as watermarking AI-generated content to make the technology safer.

Persons: Nicolai Tangen, Will, Tangen, Carine Smith Ihenacho, Smith, Smith Ihenacho, Gwladys Fouche, Terje Solsvik, Jan Harvey Organizations: REUTERS, financials, Reuters, Companies, Microsoft, Nvidia, Tech, Thomson Locations: Norway, Norwegian, Oslo, Victoria, financials OSLO

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