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Billionaires' $10mn gift to Yale stirs debate in China BEIJING: A Chinese billionaire couple's $10 million gift to Yale University sparked controversy among the country's Internet users Thursday, with some arguing that the money would be better spent on schools in China.The endowment marks the latest gift to a prestigious US university by Pan Shiyi and Zhang Xin, the husband-and-wife duo behind real estate giant SOHO China.In July, the couple gave Harvard University $15 million in the first stage of a $100 million programme that Pan and Zhang say will fund disadvantaged Chinese students at top institutions across the globe."Every person's potential is like a hidden gem, and education is the tool that unlocks human potential," Pan said in a statement Wednesday announcing the Yale gift."The SOHO China Scholarships aim to provide the best possible educational opportunities to the most outstanding students from Mainland China, enabling them to maximise their potential in their contribution to mankind," he added.But the ...


Heavy diggers in desperate hunt for Sri Lanka landslide victims KOSLANDA: Soldiers using heavy diggers stepped up their desperate search on Thursday for victims of a landslide in Sri Lanka, feared to have buried alive 100 people on a tea plantation.Hundreds of rescue workers clawed through tonnes of mud that washed away some 150 tin-roofed homes at the plantation on Wednesday while most of the residents were away at work or in school."We are also bringing in an additional 200 troops to add to the ...

Philippines urges citizens to leave Ebola-hit Africa MANILA: The Philippines on Thursday urged hundreds of its citizens to leave Ebola-hit west African nations, as it announced anyone who returned would be placed under a 21-day quarantine.Foreign Affairs Secretary Albert del Rosario said the government had made a "voluntary repatriation" call to about 900 workers in Liberia, Guinea and Sierra Leone.He told local television network ABS-CBN that President Benigno Aquino had also ordered those who did return would have to be isolated in ...

German exports to Russia plunge in August BERLIN: German exports to Russia fell by more than 26 percent on the year in August, the sharpest fall since the financial crisis in 2009, according to data released on Wednesday which underlines the impact of Russia sanctions on Europe's biggest economy.Exports to Russia in August were worth 2.3 billion euros($2.93 billion), a 26.3 percent drop against the same month a year earlier, the Statistics Office said. For the January-August period, exports fell 16.6 percent ...

Norway's jobless rate up, retail sales down, fuelling rate-cut hopes OSLO: Norwegian unemployment surged and consumption fell in September, putting pressure on the central bank to loosen policy as the economy falls victim to plunging oil prices and Europe's tepid growth.The jobless rate jumped to 3.7 percent, defying expectations for an unchanged 3.4 percent rate. Retail sales eased 0.1 percent on the month, against expectations for a 0.8 percent increase."We are adjusting our interest rate forecast today and now see a rate cut in the ...

Iran parliament rejects Rouhani's third nominee for universities minister DUBAI: Iran's conservative-dominated parliament rejected President Hassan Rouhani's third nominee to lead the coveted Ministry of Higher Education, underscoring the difficult task he faces in implementing his promised social and political reforms.The choice of Minister for Science, Research and Higher Education is sensitive because the ministry sets the ideological direction for universities, which have been a hotbed of pro-democracy protests and clashes with security forces.Parliament, where Islamists hold a majority, voted 160 to 79 with ...

Emerson Network Power Receives Frost & Sullivan Leadership Award in Asia Pacific MANILA: Emerson Network Power, a business of Emerson (NYSE:EMR) and a global leader in maximizing availability, capacity and efficiency of critical infrastructure, today announced that it has been awarded the 2014 Asia Pacific Data Center Integrated Power Infrastructure Growth Excellence Leadership Award by Frost & Sullivan. The award was presented to Emerson at the Frost & Sullivan Asia Pacific Best Practice Awards ceremony in Singapore held recently on October 16th.An independent analysis conducted by the ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
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WeeklyOctober 27, 2014
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