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ABU DHABI / WAM NYU Abu Dhabi (NYUAD) Class of 2022 student Cameron John Wehr has been named as a recipient of the prestigious Boren Award, which promotes linguistic and cultural immersion within critical language groups, including Arabic, Chinese, Portuguese, and Swahili. Wehr is the first student from NYUAD to receive this award and will study Mandarin for one year ...

Bloomberg China said new US export restrictions targeting companies including Huawei Technologies Co. may threaten the global supply chain. Beijing opposes the new US rules and will take all necessary measures to defend rights and interests of Chinese companies, the Ministry of Commerce said. It urged the US to help create conditions for normal trade and cooperation between enterprises. The US ...

Bloomberg China’s state-backed funds pumped $2.25 billion into a Semiconductor Manufacturing International Corp (SMIC) wafer plant to support advanced-chip making as Washington tightens technology restrictions on the Asian nation. The Semiconductor Manufacturing International Corp plant’s registered capital jumps from $3.5 billion to $6.5 billion after the investment, the company said in an announcement. The chipmaker’s stake in the Shanghai facility ...

Bloomberg India will open up its space facilities, mineral blocks and power distribution to private companies, as it seeks new investments to help shore up an economy hit by the coronavirus pandemic. Prime Minister Narendra Modi’s administration will also allow foreign investment up to 74% in defense manufacturing to attract investments, Finance Minister Nirmala Sitharaman said in New Delhi. The ...

Bloomberg Hong Kong’s cash handout included in a host of relief measures promised by the government could be received by eligible recipients as early as July, Financial Secretary Paul Chan said. The HK$10,000 ($1,290) handouts will be received mid-July if recipients opt for electronic registration with banks to collect the money in their personal accounts — the fastest channel for ...

Bloomberg The Philippines’ fight against the coronavirus is likely to become more complicated with the onset of typhoon season, during which it typically has to evacuate tens of thousands of people from storm-hit areas. “As the rainy season approaches, the battle against the virus will become more challenging,” the finance department said in a May 15 bulletin. “The flu season ...

Bloomberg Ho Chi Minh City, Vietnam’s biggest metropolis, faces an increasing risk of flood disasters given rapid infrastructure expansion driven by economic growth, according to McKinsey Global Institute. The chance of such events could increase five to 10 times by 2050, resulting in economic and infrastructural damage that could cost billions of dollars, according to a McKinsey report, dated April. ...

Bloomberg China and South Korea have asked Japan to join them in relaxing controls on business travel as virus cases tail off, the Yomiuri newspaper reported, without saying where it got the information. Japan remains reluctant to loosen what are currently some of the tightest border controls in the developed world, which were introduced over the past few weeks in ...

Bloomberg In the face of an unprecedented oil market collapse, Opec+ is responding with an urgency never seen before. With unusual speed, the alliance is launching an unparalleled program of production cutbacks this month to offset the slump induced by coronavirus pandemic. The 23-nation coalition is well on its way to cutting 9.7 million barrels of daily crude output — ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, offered his condolences to Ahmed Al Haj Abdullah Al Habroush on the death of his mother. In a phone call, His Highness Sheikh Mohamed expressed his heartfelt sympathy to the family of the deceased, ...