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Security scuffle with Chinese protestors demanding $1.5 billion in frozen bank deposits

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Thousands gathered in Southwest Beijing outside China’s central bank to protest frozen deposits, before facing heavy-handed security.

Around a thousand people gathered in the Chinese city of Zhengzhou in Henan province to protest rural-based banks who froze an estimated $1.5 billion worth of deposits on Sunday.

Those that gathered outside the Zhengzhou branch of China’s central bank are among the thousands of customers who opened accounts with a select few banks who offered higher interest rates.

Customers later found they couldn’t withdraw their funds after the head of the banks’ parent company was wanted and on the run for serious financial crimes. 

The millions of dollars worth of deposits have been frozen since April, the reason given by the banks’ being due to internal systems upgrades.

The banks in question haven’t responded to calls to make a comment on the matter.

https://twitter.com/W0lverineupdate/status/1545979633849380864

Footage shows that the protest was eventually broken up by plain-clothed security personnel who allegedly outnumbered protestors, three-to-one.

One 40-year-old protestor by the last name Zhang told a Reuters reporter, “I feel so aggrieved I cant even explain it to you.”

The man says he had been hoping to get back the $25,000 that he deposited with on the banks, Zhecheng Huanghuai Community Bank.

He says four unidentified security personnel took him away The clash with security also resulted in him suffering injuries to his foot and thumb.

“They did not say they would beat us if we refused to leave. They just used the loudspeaker to say that we were breaking the law by petitioning. That’s ridiculous. It’s the banks that are breaking the law.”

Zhang, Protestor

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ChatGPT creator releases tool to detect A.I. generated text

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OpenAI has released a software tool that can identify if text has been generated by artificial intelligence

The company behind the popular chatbot ChatGPT says it has trained a language model to distinguish between something written by a human, and A.I.

‘AI Classifier’ uses a variety of providers to address issues such as automated misinformation campaigns and academic dishonesty.

The detection tool is very unreliable on texts under one thousand characters, and AI-written text can be edited to trick the classifier.

Many schools across the world have already banned ChatGPT from being used for projects.

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Elon Musk asks court to throw case out

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Twitter CEO Elon Musk has asked a judge in the U.S. to throw out a case against him

 
The suit claims Musk’s delayed disclosure over his large stake in the social media giant defrauded shareholders, who sold out at artificially lower prices.

Musk says investors in the proposed class action have no independent right to obtain damages.

The CEO believes he properly disclosed his stakes in Tesla and the former SolarCity Corp on several occasions, as per requirements.

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Eurostar trains empty with Brexit leading to border delays

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Eurostar boss says peak trains are empty because of post-Brexit passport delays

You can perhaps understand why British residents are becoming increasingly frustrated by Brexit.

During peak hour in London, Eurostar trains are running across the Channel with hundreds of empty places.

Around 350 of 900 seats are normally left unsold on the first services between London, Paris and Brussels despite “huge demand”.

It’s all because border police can’t process passports quickly enough.

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