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  Bloomberg China seems to be embracing a fast and explosive Covid reopening, a risky approach that’s worrying observers given the vast country’s vulnerabilities. Since embarking on a landmark shift away from its zero-tolerance policy just a week ago, China has dismantled most of its internal restrictions, casting aside the stringent playbook used to eliminate the virus for the past ...

  Bloomberg Mahindra & Mahindra Ltd plans to invest 100 billion rupees ($1.2 billion) in a plant to make electric sports utility vehicles, a significant shift for a company that has been heavily reliant on gas-powered cars. Mahindra will invest the funds over eight years to build the factory in Pune, western India, according to an exchange filing. It will ...

Bloomberg Farmers in India are being encouraged to sell their crop waste rather than burn it to help accelerate progress on curbing fires that spread a deadly, choking smog across key cities. Smoke from the burning of crop stubble lingers over most of north India for weeks during the cold months of November and December, with air quality deteriorating to ...

Bloomberg Senator Joe Manchin is pressing Treasury Secretary Janet Yellen to stand firm on North American-based manufacturing requirements for lucrative electric-vehicle tax credits under the Inflation Reduction Act, setting up a battle between the West Virginia Democrat and Korea’s Hyundai Motor Co. At stake is whether Treasury would hand out the full $7,500 per vehicle in tax credits to more ...

Bloomberg The US is poised to send Patriot air and missile defense batteries to Ukraine pending final approval from President Joe Biden, two US officials said, fulfilling a key demand from Ukrainian leaders. President Volodymyr Zelenskiy has urgently sought the system, produced by Raytheon Technologies Corp.and Lockheed Martin Corp, saying Patriots are needed to counter the relentless barrage of Russian ...

  Bloomberg A Hong Kong court overturned the conviction of a prominent local democracy activist for her role in a banned Tiananmen memorial last year, in a rare victory for the city’s beleaguered opposition. Chow Hang Tung was cleared by the High Court of charges of inciting others to take part in an unauthorised assembly in June 2021 to commemorate ...

  Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Tuesday inaugurated Khalifa Port’s expansion, as part of a celebration recognising the achievements of AD Ports group on the 10th anniversary of Khalifa Port, and the 50th anniversary of Zayed Port. On this occasion, His Highness said, “The Khalifa Port expansion project is one of ...

  Abu Dhabi / WAM A consortium led by AD Ports group and Invictus Investment has signed a Heads of Terms agreement with the Government of the Republic of Sudan that provides them with the right to develop, manage, and operate port and economic zone assets in Sudan. Under the terms of the agreement, the consortium will have the sole ...

Aswan / WAM The governments of the UAE and Egypt inaugurated the “Egypt Services Centre” in the Aswan Governorate, which is the first of its kind in Egypt. The inauguration, which is part of the strategic partnership between the two countries in government modernisation, was attended by an Emirati delegation that included Mohammad bin Abdullah Al Gergawi, Minister of Cabinet ...

  Abu Dhabi / WAM In light of the UAE hosting the COP28 in 2023 and climate change and global environmental concerns, Sorbonne Abu Dhabi University conducted the launch of “Go Green 2023” initiative in the presence of Professor Nathalie Drach-Temam, President of Sorbonne University, Professor Silvia Serrano, Vice-chancellor Sorbonne University Abu Dhabi and members of the academic, administrative and ...