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The program will increase Egypt's generation capacity so it can export energy during peak hours and improve its connectivity in the Middle East, Asia, Europe and Africa, the AIIB statement said.

The program would be similar to the Shanghai Hong Kong Stock Connect, which was launched in 2014. It enables overseas investors to buy into a selection of stocks in China's onshore share market through the "offshore" Chinese financial center of Hong Kong.

The program comes after the success of the inaugural class of 24 African participants last November.

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The program, namely the TXG Sustainability Business Accelerator Program, will focus on helping high-quality startups by connecting them with businesses and capital, engaging and empowering the next generation through innovation and entrepreneurship.

The project attracted immuno-oncology drugs producer BeiGene to sign an investment agreement worth of 2.2 billion yuan with Guangzhou Development District.

The process of vying for Amazon’s HQ2 has helped the city and state better compete for companies like VF Corp., said Sam Bailey vice president of economic development for the organization that handled Denver’s Amazon HQ2 bid.

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The problem is most acute in the less-developed provinces in China's western regions and the northeast, which have struggled for years to cope with a constant exodus of young workers.

The probable approval of increased weighting is in line with the long-term trend for foreign capital to continuously flow into the A-share market, Bao said.

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The products affected by the tariffs include pacemakers, electrocardiographs, ultrasound machines, magnetic resonance imagers, computer tomography (CT) and X-ray scanners.

The previously warm and close relations across the Taiwan Straits would not have come to an abrupt end had local leader Tsai Ing-wen not pursued a stubborn pro-independence, anti-mainland policy.