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Bloomberg Taiwan is set for a more contentious presidential race focused on rising tensions with China, after low turnout in local elections handed China-skeptic President Tsai Ing-wen’s party historic losses. The ruling Democratic Progressive Party won just five of 21 city- and county-level races, its worst showing since its founding in 1986. The opposition Kuomintang, which historically has an advantage ...

  SEOUL / WAM Five people were killed on Sunday in a helicopter crash in the eastern coastal county of Yangyang in South Korea. Yonhap news agency quoted fire officials as saying that the chopper, an S-58T, crashed on a hill around 10:50am local time, while surveying the area against forest fires. The helicopter was smashed into pieces and burst ...

Abu Dhabi / WAM AD Ports group has signed a contract with China Harbour Engineering Company (CHEC) for the development of buildings and topside infrastructure for the cutting-edge CMA Terminals Khalifa Port, a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports group (30 percent stake). The agreement includes the development of ...

Abu Dhabi / WAM In its ongoing efforts to enhance the innovation ecosystem in the emirate, the Competitiveness Office of Abu Dhabi (Coad), part of the Abu Dhabi Department of Economic Development (Added), has partnered with Prototype Interactive, a UAE-based digital transformation firm, to support inventors in developing their ideas into innovative digital and technological applications that will contribute positively ...

QUETTA / WAM Pakistan’s Army Chief of Staff General Qamar Javed Bajwa opened the Sheikh Mohamed bin Zayed Al Nahyan Institute of Cardiology, which was implemented in the city of Quetta, the capital of Balochistan province. The building is constructed on an area of 121,406 square metres, and at a cost of $27.30 million funded by the Abu Dhabi Fund ...

  Abu Dhabi / Gulf Time Football fans flying with Etihad Airways during the FIFA World Cup Qatar 2022 can watch every match live onboard while in the air on Etihad’s E-BOX entertainment channels Sport 24 and Sport 24 Extra. The live TV service is available onboard the airline’s fleet of wide-body aircraft connecting destinations in Europe, North America, Australia, ...

Bloomberg Rishi Sunak faces another delicate Brexit decision after he was asked by senior civil servants to delay a planned “bonfire” of legislation dating from the UK’s membership of the European Union. The request by officials to shift the current 2023 deadline to remove some 4,000 EU laws from the British statute books by three years is a headache for ...

  Bloomberg Energy regulator Ofgem will raise its price cap for the average UK home by 21% to £4,279 ($5,173) from January, underscoring the growing gap the government has to plug to maintain its price freeze. The UK has been subsidising Ofgem’s price cap since October in an attempt to shield households from the worst energy crisis in decades. That ...

  Bloomberg Signs are growing in China that local government debt burdens are becoming unsustainable. China’s 31 provincial governments have a stockpile of outstanding bonds that’s close to the Ministry of Finance’s risk threshold of 120% of income. Breaching that line could mean regions will face more regulatory hurdles to borrow, hampering their ability to drive up economic growth. In ...

  Bloomberg India wants to narrow its budget deficit by at least 50 basis points, according to people familiar with the matter, as authorities balance global investor scrutiny with the need for higher spending as the nation enters an election year. Finance Minister Nirmala Sitharaman will seek to shrink the shortfall to less than 6% of gross domestic product in ...