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  Bloomberg Taiwanese lawmakers have passed new rules that let local chip firms turn 25% of their annual research and development expenses into tax credits, part of efforts to keep cutting-edge semiconductor technologies at home and maintain the island’s technology leadership. Officials there have repeatedly said they will ensure the latest chip technologies remain in Taiwan, a point that has ...

  Bloomberg India, the world’s biggest rice exporter, is likely to lift restrictions on grain shipments in a move that would mark a further easing of a global wave of food protectionism after Russia’s invasion of Ukraine. Authorities are actively considering removing curbs on some rice exports as domestic prices are stable, according to a person familiar with the matter. ...

  Bloomberg Talks to negotiate a lower price for Pfizer Inc.’s Covid antiviral pill Paxlovid in China didn’t pan out, the health authority said, creating a quandary for the government amid a rampant outbreak in the world’s most populous nation. Pfizer and the government agency that oversees the state medical insurance program failed to agree on a further cut on ...

Bloomberg Brazil’s capital was recovering early Monday from an insurrection by thousands of supporters of ex-President Jair Bolsonaro who stormed the country’s top government institutions, leaving a trail of destruction and testing the leadership of Luiz Inacio Lula da Silva just a week after he took office. Rioters ransacked congress, the presidential palace and the top court in Brasilia on ...

  Sharjah / WAM Expo Centre Sharjah (ECS) is set to begin on Monday for the inauguration of SteelFab 2023 exhibition, the largest commercial event of its kind in the Middle East and North Africa region. Organised by ECS with the support of Sharjah Chamber of Commerce and Industry, the event’s 18th edition brings together more than 200 companies from ...

Bloomberg China’s long-awaited border reopening — the final step in its dismantling of Covid Zero — is set to spark a homecoming rush for many diaspora, though a full rebound in travel is likely to take longer. Starting from Sunday, China no longer requires quarantine for arrivals after authorities ditched the policy that, along with the exorbitant cost of air ...

  Bloomberg The decline in Taiwan’s exports is likely to accelerate as rising global inflation and China’s surging Covid outbreak sap demand, an economic official said. Overseas shipments decreased 12.1% in December from a year earlier, after falling 13.1% the previous month, the Ministry of Finance said. The median estimate in a Bloomberg survey of economists was for a 15.8% ...

  Bloomberg Jack Ma is giving up controlling rights of Ant Group Co, as the billionaire further retreats from his online empire following China’s unprecedented tech crackdown. The company is offering 10 individuals, including the founder, management and staff, voting rights independently, effectively removing Ma’s control of Ant, according to an announcement. The adjustment will not change economic interests of ...

Bloomberg Russia’s defense ministry claimed a major strike on Kramatorsk in the Donetsk region, killing hundreds of Ukrainian servicemen in retaliation for the New Year’s Day rocket attack on Makiyivka that killed at least 89 Russian troops. There was no immediate response from Ukraine. The ceasefire unilaterally declared by Moscow over Orthodox Christmas ended on January 7. President Volodymyr Zelenskiy ...

Abu Dhabi / WAM Aldar Properties (‘Aldar’) in partnership with Diamond Developers has launched The Sustainable City – Yas Island, a sustainability-centric community offering a new way of life for residents in Abu Dhabi. The family friendly development, which builds on the strengths of The Sustainable City – Dubai, is a walkable community in the surrounds of open green spaces, ...