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Taiwan responds to U.S. sanctions on Harvard with special loans for affected students

Taiwan has announced it will offer special government-backed loans to Taiwanese students studying at Harvard University who are facing financial difficulties following the U.S. government’s decision to freeze approximately $3.2 billion in funding to the institution.

According to Taiwan’s Central News Agency (CNA), the Ministry of Education specified that the loans will be available to students whose families earn less than $66,800 annually or who have more than two children studying abroad.

The loans, provided through seven Taiwanese banks, will offer up to 1.2 million New Taiwan dollars (around $40,000 USD) for master’s students, and up to 2.4 million (approximately $80,000 USD) for those pursuing doctoral degrees.

Currently, 52 Taiwanese students — including incoming enrollees — are studying at Harvard, according to the ministry.

The U.S. government recently suspended grants and contracts with Harvard worth $3.2 billion and temporarily barred the university from enrolling international students. The enrollment ban has since been paused by a court order.

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U.S. officials justified the move by citing civil rights concerns, accusing Harvard of “applying racial criteria in admissions” and “tolerating antisemitic behavior” on campus, while criticizing the institution’s allegedly “woke” ideological stance.

Harvard President Alan M. Garber described the freeze on international admissions as “a potentially devastating blow.” International students currently make up about 27% of Harvard’s 6,800-student body.

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International

UK prepares court battle to ensure Chelsea sale money supports ukrainian humanitarian aid

The British government has threatened legal action against Russian oligarch Roman Abramovich to ensure that the £2.5 billion (€2.97 billion) raised from the sale of Chelsea Football Club reaches the Ukrainian victims of Russia’s full-scale war.

“The government is determined that the proceeds from the sale of Chelsea Football Club go to humanitarian causes in Ukraine following Russia’s illegal large-scale invasion,” said Chancellor of the Exchequer Rachel Reeves and Foreign Secretary David Lammy in a joint statement on Tuesday.

“We are deeply frustrated that so far it has not been possible to reach an agreement with Mr. Abramovich on this matter,” they added. “While the door to negotiations remains open, we are fully prepared to take this to court if necessary, to ensure that the people suffering in Ukraine can benefit from these funds as soon as possible.”

Abramovich, who has denied accusations of being a close ally of Russian President Vladimir Putin, was sanctioned following Russia’s large-scale invasion of Ukraine in February 2022. The oil and gas magnate sold Chelsea in May 2022 to a consortium led by U.S. investor Todd Boehly and Clearlake Capital after the British government allowed him to relinquish the club on the condition that he would not personally profit from the transaction.

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International

Ukraine’s Security Service Damages Foundations of Crimea Bridge in Underwater Explosion

The Security Service of Ukraine (SBU) announced on Tuesday that it damaged the foundations of the Kerch Bridge, which connects the Crimean Peninsula with mainland Russia, in a special operation by detonating 1,100 kilograms of explosives placed underwater.

“The operation lasted several months. SBU agents placed mines on the foundations of this illegal structure. And today, with no civilian casualties, at 04:44 local time, the first explosive was detonated,” the SBU said in a statement accompanied by a video and a photograph of the damaged bridge.

The SBU recalled that this is the third Ukrainian attack on the bridge since the war began. The bridge was built by Russian President Vladimir Putin after Russia’s annexation of the Ukrainian Crimean Peninsula in 2014.

The head of the SBU, Vasil Maliuk, personally supervised the operation. Maliuk stated in the release that “the Crimea Bridge is an absolutely legitimate target,” as it was constructed to connect Russia to occupied Ukrainian territory and serves as a “logistical artery for supplying” the Russian military.

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International

Bob Cai: Latin America can leverage China’s AI network experience to boost ICT infrastructure

Bob Cai, President of Huawei Latin America’s Operators Business Department, emphasized that artificial intelligence (AI) is driving the transformation of the global industry. He highlighted that governments, regulators, operators, and industry partners in Latin America can collaborate to leverage China’s successful experience in network construction, thereby continuously advancing ICT network infrastructure to face the opportunities and challenges of the AI era.

According to Bob Cai, 2024 was the first year of large-scale AI deployment. By the end of 2024, the number of AI large language models (LLMs) worldwide surpassed 1,300, and the shipments and applications of AI devices increased tenfold in just one year.

As a pioneer in AI development, he said China initially created a relatively complete AI application ecosystem.

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