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  Bloomberg A subsidiary of Taiwan’s Hon Hai Precision Industry will dispose of its indirect minority stake in China’s semiconductor giant Tsinghua Unigroup, the latest sign that Beijing’s chip industry is becoming increasingly isolated from the rest of the world. Hon Hai’s China-listed Foxconn Industrial Internet will sell the shares to Yantai Haixiu IC Investment Center for not less than ...

  Bloomberg China’s economic growth will accelerate in next year as stimulus policies take effect, CCTV reported, citing a senior planning official. Existing pro-growth measures will be kept in place and more policies to boost the economy will be added, Han Wenxiu, an official at the Communist Party of China’s central financial and economic affairs commission, told a forum. So ...

  Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) Chief Executive Officer CC Wei warned of the dangers of excessive government export controls, which can erode mutual trust between countries. “Export controls and banning products from other foreign countries destroy productivity and efficiency gained under globalisation, or at least they reduce benefits offered by a free market,” Wei said at an industry ...

  Bloomberg Japan-based Idemitsu Kosan Co will aim to go ahead with the sale of a stake in an Australian coal mine, despite a surge in prices. The firm is in talks with several entities interested in acquiring its 85% stake in the Ensham mine in Queensland, said President Shunichi Kito, who didn’t elaborate on the parties involved or when ...

Bloomberg North Korea fired at least two suspected medium-range ballistic missiles from near a site that a few days ago it tested a new solid-fuel rocket engine that could enhance its ability to launch quick-strike, longer-range missiles for delivering nuclear warheads. Two medium-range ballistic missiles were launched from the Tongchang county area, South Korea’s Joint Chiefs of Staff said. Japan’s ...

Bloomberg Donald Trump awaits the most serious blow yet from House lawmakers investigating the January 6 Capitol attack — a possible recommendation that he be prosecuted just as he’s launching a comeback bid for the White House. The committee is poised to decide on Monday whether to refer Trump and several advisers to the Justice Department for criminal charges for ...

Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, on Friday announced the addition of Abu Dhabi Waste Management PJSC (Tadweer) to its energy and utilities portfolio. Tadweer was converted to a public joint-stock company (PJSC), and full share ownership was transferred to ADQ from the government of Abu Dhabi. Tadweer joins ADQ’s prominent energy and utilities ...

MOSCOW / WAM The Emirates News Agency (WAM) participated in the “Russia – Islamic World: Practical Steps in Media Cooperation” international conference, which was held in the Russian Capital, Moscow. The international conference was co-organised by the Russia-Islamic World Strategic Vision Group, Sputnik International News Agency, and Union of OIC News Agencies (UNA), with broad participation of over 50 representatives ...

  Abu Dhabi / WAM The central bank of the UAE (CBUAE), in collaboration with American University of Sharjah (AUS), issued 1,000 commemorative silver coins to celebrate AUS’ Silver Jubilee. The issuance of these commemorative coins aims to celebrate twenty-five years since the establishment of AUS in 1997, in fulfilment of the vision of its founder, HH Dr Sheikh Sultan ...

  Sharjah / WAM The Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is showcasing some of its major projects, initiatives and publications with its participation at the Jeddah International Book Fair 2022. The fair is organised by Saudi Arabia’s Literature, Publishing, and Translation Commission from 8th to ...