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 In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production. But few expected that the cuts would run this deep — and happen so quickly. Drillers are laying down rigs and shutting in wells at a frantic pace in response to the plunge in oil ...

Bloomberg Mexico has fast-tracked measures granting more authority to the state utility at the expense of clean energy companies, ignoring regulator and industry concerns over the economic and environmental impacts of the new measures. The proposal by the Energy Ministry was approved and published in Mexico’s official gazette. It comes after the National Commission for Regulatory Improvement, known as Conamer, ...

For the hotel chef who can’t afford his nine prescriptions, losing a job could be a matter of life and death. Even among the employed, fear of what’s around the corner is almost as paralysing. It’s enough to put the minor inconveniences of working from home — the unrealistic homeschooling curricula, the crick in your lower back, the maddeningly slow ...

When research firm GlobalData surveyed Americans on which stores they were most looking forward to visiting once the Covid-19 pandemic subsided, one household name came out near the bottom, and well below its department-store peers: JC Penney. That helps to explain the news that the retailer — which began life in 1902 as a store called The Golden Rule — ...

There are reasons to be optimistic about corporate America getting more comfortable with work-from-home arrangements brought on by the coronavirus pandemic. Workers gain more flexibility around their working and living arrangements. Both companies and workers stand to save money by relying less on high-cost real estate. If it results in no loss of productivity, what’s not to like? But as ...

The great “flu” pandemic of 1889 started in Russia, infecting more than half the inhabitants of Saint Petersburg, then spread rapidly through Europe. Its victims included Prince Albert Victor, the grandson of Queen Victoria. Americans felt safe for a few months — until the first infections appeared in New York, and rail travel quickly spread it to other cities across ...

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 ...