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Bloomberg A year ago, Hong Kong protesters effectively killed an extradition bill that would subject them to criminal prosecution under China’s legal system for the first time — a victory that inspired them to demand real elections. Now Beijing has unwound all those gains, and gone much further in eroding Hong Kong’s autonomy. Details of a proposed national security law ...

Bloomberg The Trump administration, following a backlash, said it would release details about companies that received loans of $150,000 or more from a coronavirus relief program for small businesses. Treasury Secretary Steven Mnuchin said last week the firms that got billions of dollars in taxpayer-funded aid wouldn’t be disclosed, sparking fury from Democrats and others. In a joint statement, the ...

Bloomberg There will be a European tax on giant digital corporations, even if a current project harbored by the OECD fails, European Internal Market Commissioner Thierry Breton said, in an interview with France Inter radio. “We’d rather do this within a global framework, as part of an OECD discussion, over the year 2020,” Breton said. He added that the US, ...

Bloomberg The company once hyped as the future of German finance has become a symbol of national embarrassment. After promising to shake up the world of payments, Wirecard AG saw its stock collapse and its chief executive officer resign after $2.1 billion, or about a quarter of its balance sheet, went missing. That was a bombshell for Germany’s establishment after ...

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, discussed with Sudan’s Prime Minister Dr Abdullah Hamdouk, ways of further strengthening the brotherly relations between the two nations. This came over a call, during which His Highness Sheikh Mohamed assured the Sudanese premier ...

Dubai / WAM Hussain bin Ibrahim Al Hammadi, Minister of Education, said the UAE has been a forerunner in embracing an effective smart education model that’s catered to the needs of around 1.2 million students without significant impediments. The minister’s remarks came in a regional webinar organised by the Unesco Regional Bureau for Education in Beirut on the future of ...

DUBAI / WAM Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) announced the completion of Al Quoz Bus Depot to support the daily movement of buses. The new facility, which complements other bus depots at Jebel Ali, Al-Khawaneej, Al Ruwayyah , Al Aweer and Al Qusais, serves buses operating ...

Abu Dhabi / WAM The Emirates Diplomatic Academy (EDA) on Saturday, hosted Omar Saif Ghobash, Assistant Minister for Culture and Public Diplomacy, who delivered an enlightening discussion, titled: “Letters to a Young Diplomat.” Moderated by Bernardino Leon, Director-General of EDA, the session is part of a virtual series of diplomatic dialogues #EDATALKS. The session was attended by EDA’s students and ...

ABU DHABI / WAM The UAE Air Force’s aerobatic display team, Al Fursan, will be seen in the skies over a number of the country’s hospitals for three days starting Sunday, June 21, in an initiative of appreciation by the General Command of the UAE Armed Forces for the nation’s medical teams and staff. The initiative translates a message of ...

Bloomberg Singapore is positioning itself for a post-Covid world with massive investment in innovation, over and above the immediate support it’s giving to help the economy rebound from possibly its worst downturn on record. The government will set aside more than $14.3 billion to support research in “high impact areas” such as health and biomedical sciences, climate change and artificial ...